Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31true2022-02-01falseNo description of principal activity00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05343355 2022-02-01 2023-01-31 05343355 2021-02-01 2022-01-31 05343355 2023-01-31 05343355 2022-01-31 05343355 c:Director2 2022-02-01 2023-01-31 05343355 d:FurnitureFittings 2022-02-01 2023-01-31 05343355 d:FurnitureFittings 2023-01-31 05343355 d:FurnitureFittings 2022-01-31 05343355 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 05343355 d:CurrentFinancialInstruments 2023-01-31 05343355 d:CurrentFinancialInstruments 2022-01-31 05343355 d:Non-currentFinancialInstruments 2023-01-31 05343355 d:Non-currentFinancialInstruments 2022-01-31 05343355 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05343355 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 05343355 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 05343355 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 05343355 d:ShareCapital 2023-01-31 05343355 d:ShareCapital 2022-01-31 05343355 d:RevaluationReserve 2023-01-31 05343355 d:RevaluationReserve 2022-01-31 05343355 d:RetainedEarningsAccumulatedLosses 2023-01-31 05343355 d:RetainedEarningsAccumulatedLosses 2022-01-31 05343355 c:FRS102 2022-02-01 2023-01-31 05343355 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 05343355 c:FullAccounts 2022-02-01 2023-01-31 05343355 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 05343355 2 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 05343355










WALK THE TALK LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
WALK THE TALK LIMITED
REGISTERED NUMBER: 05343355

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
35
47

Investment property
  
699,881
699,881

  
699,916
699,928

Current assets
  

Debtors: amounts falling due within one year
 5 
1,323
2,049

Cash at bank and in hand
  
22,724
23,297

  
24,047
25,346

Creditors: amounts falling due within one year
 6 
(101,554)
(99,857)

Net current liabilities
  
 
 
(77,507)
 
 
(74,511)

Total assets less current liabilities
  
622,409
625,417

Creditors: amounts falling due after more than one year
 7 
(416,023)
(416,023)

  

Net assets
  
206,386
209,394


Capital and reserves
  

Called up share capital 
  
2
2

Revaluation reserve
  
185,651
185,651

Profit and loss account
  
20,733
23,741

  
206,386
209,394

Page 1

 
WALK THE TALK LIMITED
REGISTERED NUMBER: 05343355
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 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: 






M Sewell
Director

Date: 12 October 2023

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
WALK THE TALK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Walk the Talk Limited, (05343355), is a private company limited by shares and incorporated in England. Its registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT. 

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:

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.

 
2.3

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.

Page 3

 
WALK THE TALK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
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.

 
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

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.

 
2.7

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.

 
2.8

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 4

 
WALK THE TALK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Interest income

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

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 5

 
WALK THE TALK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Fixtures & fittings

£



Cost or valuation


At 1 February 2022
4,681



At 31 January 2023

4,681



Depreciation


At 1 February 2022
4,634


Charge for the year on owned assets
12



At 31 January 2023

4,646



Net book value



At 31 January 2023
35



At 31 January 2022
47

Page 6

 
WALK THE TALK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Debtors

2023
2022
£
£


Other debtors
-
653

Prepayments and accrued income
1,323
1,396

1,323
2,049



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
98,044
98,045

Accruals and deferred income
3,510
1,812

101,554
99,857



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
416,023
416,023


 
Page 7