Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31falsetruetrue2022-01-0155The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10523545 2022-01-01 2022-12-31 10523545 2021-01-01 2021-12-31 10523545 2022-12-31 10523545 2021-12-31 10523545 c:Director3 2022-01-01 2022-12-31 10523545 d:CurrentFinancialInstruments 2022-12-31 10523545 d:CurrentFinancialInstruments 2021-12-31 10523545 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10523545 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10523545 d:ShareCapital 2022-12-31 10523545 d:ShareCapital 2021-12-31 10523545 d:RetainedEarningsAccumulatedLosses 2022-12-31 10523545 d:RetainedEarningsAccumulatedLosses 2021-12-31 10523545 c:FRS102 2022-01-01 2022-12-31 10523545 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10523545 c:FullAccounts 2022-01-01 2022-12-31 10523545 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 10523545










WILLIAM STREET COMPANY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
WILLIAM STREET COMPANY LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 3


 
WILLIAM STREET COMPANY LIMITED
REGISTERED NUMBER: 10523545

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Stocks
  
-
1,763,551

Debtors
 4 
5,122,465
3,508,280

Cash at bank and in hand
  
455,021
2,574,074

  
5,577,486
7,845,905

Creditors: amounts falling due within one year
 5 
(545,642)
(3,149,365)

Net current assets
  
 
 
5,031,844
 
 
4,696,540

  

Net assets
  
5,031,844
4,696,540


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
5,031,843
4,696,539

  
5,031,844
4,696,540


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 income and retained earnings 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 on 28 September 2023.



Carlos Wing Kong Tang
Director

The notes on pages 2 to 3 form part of these financial statements.
Page 1

 
WILLIAM STREET COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

William Street Company Limited (the Company) is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office is 85-89 Colmore Row, Birmingham, West Midlands, B3 2BB, which is also the address of its principal place of business.

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

Turnover comprises revenue recognised by the company in respect of properties sold. Property sales are recognised on completion.

 
2.3

Stocks and work in progress

The development in progress is valued at cost. Cost includes finance and direct costs.

 
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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
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.

 
2.7

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.

Page 2

 
WILLIAM STREET COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2021 - 5).


4.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
5,122,465
3,500,020

Other debtors
-
6,001

Prepayments and accrued income
-
2,259

5,122,465
3,508,280



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
248,870
1,117,368

Amounts owed to group undertakings
13,510
13,510

Corporation tax
104,784
1,101,397

Other taxation and social security
776
-

Other creditors
170,000
247,790

Accruals and deferred income
7,702
669,300

545,642
3,149,365



6.


Ultimate parent undertaking

During the year the company was under the control of Top Capital Group Limited, its parent undertaking, a company which is registered in Hong Kong.

 
Page 3