Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-08-01No description of principal activity2truetrue 5510672 2022-08-01 2023-07-31 5510672 2021-08-01 2022-07-31 5510672 2023-07-31 5510672 2022-07-31 5510672 c:Director1 2022-08-01 2023-07-31 5510672 d:FurnitureFittings 2022-08-01 2023-07-31 5510672 d:OfficeEquipment 2022-08-01 2023-07-31 5510672 d:OtherPropertyPlantEquipment 2023-07-31 5510672 d:OtherPropertyPlantEquipment 2022-07-31 5510672 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 5510672 d:CurrentFinancialInstruments 2023-07-31 5510672 d:CurrentFinancialInstruments 2022-07-31 5510672 d:Non-currentFinancialInstruments 2023-07-31 5510672 d:Non-currentFinancialInstruments 2022-07-31 5510672 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 5510672 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 5510672 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 5510672 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 5510672 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 5510672 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 5510672 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 5510672 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-07-31 5510672 d:ShareCapital 2023-07-31 5510672 d:ShareCapital 2022-07-31 5510672 d:RetainedEarningsAccumulatedLosses 2023-07-31 5510672 d:RetainedEarningsAccumulatedLosses 2022-07-31 5510672 c:EntityNoLongerTradingButTradedInPast 2022-08-01 2023-07-31 5510672 c:FRS102 2022-08-01 2023-07-31 5510672 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 5510672 c:FullAccounts 2022-08-01 2023-07-31 5510672 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 5510672 2 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 5510672










WHITE STAR DEVELOPMENT MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023



 
WHITE STAR DEVELOPMENT MANAGEMENT LIMITED
REGISTERED NUMBER: 5510672

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
246
364

  
246
364

Current assets
  

Debtors: amounts falling due within one year
 5 
465
465

Cash at bank and in hand
  
169,775
109,635

  
170,240
110,100

Creditors: amounts falling due within one year
 6 
(94,456)
(58,579)

Net current assets
  
 
 
75,784
 
 
51,521

Total assets less current liabilities
  
76,030
51,885

Creditors: amounts falling due after more than one year
 7 
(25,117)
(35,000)

  

Net assets
  
50,913
16,885


Capital and reserves
  

Called up share capital 
  
17
17

Profit and loss account
  
50,896
16,868

  
50,913
16,885

Page 1

 
WHITE STAR DEVELOPMENT MANAGEMENT LIMITED
REGISTERED NUMBER: 5510672
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The director considers 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 director acknowledges his 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 13 October 2023.




S Maxwell
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
WHITE STAR DEVELOPMENT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies

 
1.1

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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

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:

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.

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
WHITE STAR DEVELOPMENT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies (continued)

 
1.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.8

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.

 
1.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
straight line
Office equipment
-
33%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.10

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.

Page 4

 
WHITE STAR DEVELOPMENT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies (continued)

 
1.11

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.

 
1.12

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.

 
1.13

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.

Financial instruments are recognised in the Company's statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the
Page 5

 
WHITE STAR DEVELOPMENT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies (continued)


1.13
Financial instruments (continued)

payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
1.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

White Star Development Management Limited is a private company, limited by shares and registered in England.
Its registered number is: 5510672
The address of its registered office is: 
Invision House
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


3.


Employees

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

Page 6

 
WHITE STAR DEVELOPMENT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 August 2022
3,087



At 31 July 2023

3,087



Depreciation


At 1 August 2022
2,723


Charge for the year on owned assets
118



At 31 July 2023

2,841



Net book value



At 31 July 2023
246



At 31 July 2022
364

Page 7

 
WHITE STAR DEVELOPMENT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Debtors

2023
2022
£
£


Other debtors
465
465

465
465



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Payments received on account
21,402
-

Corporation tax
41,848
22,824

Other taxation and social security
19,233
23,991

Other creditors
264
54

Accruals and deferred income
1,709
1,710

94,456
58,579



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
25,117
35,000

25,117
35,000


Page 8

 
WHITE STAR DEVELOPMENT MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
15,117
25,000


15,117
25,000


35,117
45,000



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £40,000 (2022 - £50,000).

 
Page 9