Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3122022-04-012falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activitytruetrue 10335904 2022-04-01 2023-03-31 10335904 2021-04-01 2022-03-31 10335904 2023-03-31 10335904 2022-03-31 10335904 c:Director2 2022-04-01 2023-03-31 10335904 d:FreeholdInvestmentProperty 2023-03-31 10335904 d:FreeholdInvestmentProperty 2022-03-31 10335904 d:CurrentFinancialInstruments 2023-03-31 10335904 d:CurrentFinancialInstruments 2022-03-31 10335904 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10335904 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10335904 d:ShareCapital 2023-03-31 10335904 d:ShareCapital 2022-03-31 10335904 d:RetainedEarningsAccumulatedLosses 2023-03-31 10335904 d:RetainedEarningsAccumulatedLosses 2022-03-31 10335904 c:OrdinaryShareClass1 2022-04-01 2023-03-31 10335904 c:OrdinaryShareClass1 2023-03-31 10335904 c:OrdinaryShareClass1 2022-03-31 10335904 c:FRS102 2022-04-01 2023-03-31 10335904 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10335904 c:FullAccounts 2022-04-01 2023-03-31 10335904 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10335904









WATSON HOLMES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
WATSON HOLMES LTD
REGISTERED NUMBER: 10335904

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
713,918
713,918

  
713,918
713,918

Current assets
  

Debtors: amounts falling due within one year
 5 
41,148
5,894

  
41,148
5,894

Creditors: amounts falling due within one year
 6 
(725,398)
(719,745)

Net current liabilities
  
 
 
(684,250)
 
 
(713,851)

Total assets less current liabilities
  
29,668
67

  

Net assets
  
29,668
67


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
29,568
(33)

  
29,668
67


Page 1

 
WATSON HOLMES LTD
REGISTERED NUMBER: 10335904
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K Datnow
Director

Date: 29 September 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WATSON HOLMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Watson Holmes Limited is a private company limited by shares and incorporated in England and Wales. 
The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
WATSON HOLMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
WATSON HOLMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
713,918



At 31 March 2023
713,918

The 2023 valuations were made by the directors, on an open market value for existing use basis.







5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
39,798
2,494

Other debtors
1,350
3,400

41,148
5,894



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
6,936
-

Other creditors
707,962
701,183

Accruals and deferred income
10,500
18,562

725,398
719,745


Page 5

 
WATSON HOLMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6