Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true32022-04-01falseProperty letting3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02365882 2022-04-01 2023-03-31 02365882 2021-04-01 2022-03-31 02365882 2023-03-31 02365882 2022-03-31 02365882 2021-04-01 02365882 c:Director1 2022-04-01 2023-03-31 02365882 d:FurnitureFittings 2022-04-01 2023-03-31 02365882 d:FurnitureFittings 2023-03-31 02365882 d:FurnitureFittings 2022-03-31 02365882 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02365882 d:OfficeEquipment 2022-04-01 2023-03-31 02365882 d:OfficeEquipment 2023-03-31 02365882 d:OfficeEquipment 2022-03-31 02365882 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02365882 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02365882 d:LeaseholdInvestmentProperty 2022-04-01 2023-03-31 02365882 d:LeaseholdInvestmentProperty 2023-03-31 02365882 d:LeaseholdInvestmentProperty 2022-03-31 02365882 d:LeaseholdInvestmentProperty 2 2022-04-01 2023-03-31 02365882 d:CurrentFinancialInstruments 2023-03-31 02365882 d:CurrentFinancialInstruments 2022-03-31 02365882 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02365882 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 02365882 d:ShareCapital 2022-04-01 2023-03-31 02365882 d:ShareCapital 2023-03-31 02365882 d:ShareCapital 2022-03-31 02365882 d:ShareCapital 2021-04-01 02365882 d:OtherMiscellaneousReserve 2022-04-01 2023-03-31 02365882 d:OtherMiscellaneousReserve 2023-03-31 02365882 d:OtherMiscellaneousReserve 2022-03-31 02365882 d:OtherMiscellaneousReserve 2021-04-01 02365882 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 02365882 d:RetainedEarningsAccumulatedLosses 2023-03-31 02365882 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 02365882 d:RetainedEarningsAccumulatedLosses 2022-03-31 02365882 d:RetainedEarningsAccumulatedLosses 2021-04-01 02365882 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 02365882 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 02365882 c:FRS102 2022-04-01 2023-03-31 02365882 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02365882 c:FullAccounts 2022-04-01 2023-03-31 02365882 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02365882 2 2022-04-01 2023-03-31 02365882 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 02365882










W. H. WALKER & BROTHERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
W. H. WALKER & BROTHERS LIMITED
REGISTERED NUMBER: 02365882

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
69
689

Investments
 5 
300
300

Investment property
 6 
750,000
640,000

  
750,369
640,989

Current assets
  

Debtors: amounts falling due within one year
 7 
2,271
2,705

Cash at bank and in hand
  
30,894
31,810

  
33,165
34,515

Creditors: amounts falling due within one year
 8 
(56,986)
(11,913)

Net current (liabilities)/assets
  
 
 
(23,821)
 
 
22,602

Total assets less current liabilities
  
726,548
663,591

Provisions for liabilities
  

Deferred tax
  
(72,819)
(44,260)

  
 
 
(72,819)
 
 
(44,260)

Net assets
  
653,729
619,331


Capital and reserves
  

Called up share capital 
  
130,000
130,000

Other reserves
 10 
393,477
349,729

Profit and loss account
 10 
130,252
139,602

  
653,729
619,331


Page 1

 
W. H. WALKER & BROTHERS LIMITED
REGISTERED NUMBER: 02365882
    
BALANCE SHEET (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 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 by: 




R Walker
Director

Date: 18 October 2023

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
W. H. WALKER & BROTHERS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 April 2021
130,000
349,729
139,618
619,347


Comprehensive income for the year

Profit for the year
-
-
3,984
3,984

Dividends: Equity capital
-
-
(4,000)
(4,000)



At 1 April 2022
130,000
349,729
139,602
619,331


Comprehensive income for the year

Profit for the year

-
-
38,398
38,398


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(4,000)
(4,000)

Transfer to/from profit and loss account
-
43,748
(43,748)
-


Total transactions with owners
-
43,748
(47,748)
(4,000)


At 31 March 2023
130,000
393,477
130,252
653,729


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
W. H. WALKER & BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

W. H. Walker & Brothers Limited (02365882) is a private company limited by shares and registered in England and Wales. The registered office is 52 New Town, Uckfield, East Sussex, TN22 5DE.

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:
Revenue represents rents and service charges receivable recognised in the period in which the services are provided in accordance with the rental agreement. Rent receivable is invoices monthly at the beginning of the month for which the rental income relates.

 
2.3

Interest income

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

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
W. H. WALKER & BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
on cost
Office equipment
-
33%
and 25% on cost

 
2.6

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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 5

 
W. H. WALKER & BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.12

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 Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

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 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.

Page 6

 
W. H. WALKER & BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.13

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 7

 
W. H. WALKER & BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
3,381
7,182
10,563



At 31 March 2023

3,381
7,182
10,563



Depreciation


At 1 April 2022
3,109
6,765
9,874


Charge for the year on owned assets
214
406
620



At 31 March 2023

3,323
7,171
10,494



Net book value



At 31 March 2023
58
11
69



At 31 March 2022
272
417
689


5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2022
300



At 31 March 2023
300




Page 8

 
W. H. WALKER & BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2022
640,000


Additions at cost
51,670


Surplus on revaluation
58,330



At 31 March 2023
750,000

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







7.


Debtors

2023
2022
£
£


Trade debtors
1,000
1,400

Other debtors
400
400

Prepayments and accrued income
871
905

2,271
2,705



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
2,169
1,095

Other creditors
52,000
8,000

Accruals and deferred income
2,817
2,818

56,986
11,913


Page 9

 
W. H. WALKER & BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Deferred taxation




2023


£






At beginning of year
(44,260)


Charged to profit or loss
(28,559)



At end of year
(72,819)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Fair value movements
(72,819)
(44,260)


10.


Reserves

Other reserves

The other reserves comprises the balance of the fair value movements of the investment properties net of the deferred tax on the gain.

Profit and loss account

The profit and loss account comprises the balance of profits accumulated over the life of the company.


11.


Related party transactions

Included in other creditors due within one year is an interest free loan to the value of £52,000 (2022 - £8,000) due to the directors of the company.

 
Page 10