Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31No description of principal activity22022-04-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07273532 2022-04-01 2023-03-31 07273532 2021-04-01 2022-03-31 07273532 2023-03-31 07273532 2022-03-31 07273532 c:Director1 2022-04-01 2023-03-31 07273532 d:CurrentFinancialInstruments 2023-03-31 07273532 d:CurrentFinancialInstruments 2022-03-31 07273532 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07273532 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 07273532 d:ShareCapital 2023-03-31 07273532 d:ShareCapital 2022-03-31 07273532 d:RetainedEarningsAccumulatedLosses 2023-03-31 07273532 d:RetainedEarningsAccumulatedLosses 2022-03-31 07273532 c:OrdinaryShareClass1 2022-04-01 2023-03-31 07273532 c:OrdinaryShareClass1 2023-03-31 07273532 c:OrdinaryShareClass1 2022-03-31 07273532 c:FRS102 2022-04-01 2023-03-31 07273532 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07273532 c:FullAccounts 2022-04-01 2023-03-31 07273532 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07273532










WHITEBRIDGE ASSOCIATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023



 
WHITEBRIDGE ASSOCIATES LIMITED
REGISTERED NUMBER: 07273532

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
1,110,880
1,087,553

Cash at bank and in hand
  
99,644
43,680

  
1,210,524
1,131,233

Current liablities
  

Creditors: amounts falling due within one year
 5 
(555,817)
(784,918)

Net current assets
  
 
 
654,707
 
 
346,315

Total assets less current liabilities
  
654,707
346,315

Net assets
  
654,707
346,315


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
654,706
346,314

  
654,707
346,315


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 profit and loss account 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: 




R M Collier
Director

Date: 26 September 2023

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
WHITEBRIDGE ASSOCIATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Whitebridge Associates Limited is a private company, limited by shares and incorporated in England & Wales. The address of its registered office is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS. 

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 for services provided during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
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 balance sheet date in the countries where the Company operates and generates income.

 
2.4

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.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
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.

Page 2

 
WHITEBRIDGE ASSOCIATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

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

Page 3

 
WHITEBRIDGE ASSOCIATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Debtors

2023
2022
£
£


Trade debtors
1,110,880
1,087,552

Other debtors
-
1

1,110,880
1,087,553



5.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
73,348
49,303

Amounts owed to group undertakings
276,214
542,010

Corporation tax
72,314
73,503

Other taxation and social security
16,671
26,415

Other creditors
624
-

Accruals and deferred income
116,646
93,687

555,817
784,918



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



7.


Related party transactions

At the balance sheet date £276,214 was payable to its parent company Whitebridge Solutions Group Limited (2022: £542,010).


8.


Controlling party

The company is under the control of Whitebridge Solutions Group Limited by virtue of holding 100% of the issued share capital.


Page 4