Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-302022-07-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07271657 2022-07-01 2023-06-30 07271657 2021-07-01 2022-06-30 07271657 2023-06-30 07271657 2022-06-30 07271657 c:Director2 2022-07-01 2023-06-30 07271657 d:MotorVehicles 2022-07-01 2023-06-30 07271657 d:MotorVehicles 2023-06-30 07271657 d:MotorVehicles 2022-06-30 07271657 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07271657 d:ComputerEquipment 2022-07-01 2023-06-30 07271657 d:ComputerEquipment 2023-06-30 07271657 d:ComputerEquipment 2022-06-30 07271657 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07271657 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 07271657 d:CurrentFinancialInstruments 2023-06-30 07271657 d:CurrentFinancialInstruments 2022-06-30 07271657 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07271657 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 07271657 d:ShareCapital 2023-06-30 07271657 d:ShareCapital 2022-06-30 07271657 d:RetainedEarningsAccumulatedLosses 2023-06-30 07271657 d:RetainedEarningsAccumulatedLosses 2022-06-30 07271657 c:FRS102 2022-07-01 2023-06-30 07271657 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 07271657 c:FullAccounts 2022-07-01 2023-06-30 07271657 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07271657 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-07-01 2023-06-30 07271657 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-06-30 07271657 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-06-30 07271657 2 2022-07-01 2023-06-30 07271657 6 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 07271657









WOODBERRY ASSOCIATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
WOODBERRY ASSOCIATES LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 9


 
WOODBERRY ASSOCIATES LIMITED
REGISTERED NUMBER: 07271657

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,701
3,169

Investments
 5 
3,274,764
3,051,987

  
3,276,465
3,055,156

Current assets
  

Debtors: amounts falling due within one year
 6 
460,010
314,147

Current asset investments
 7 
301,202
-

Cash at bank and in hand
  
627,821
1,055,990

  
1,389,033
1,370,137

Creditors: amounts falling due within one year
 8 
(1,281,156)
(1,539,571)

Net current assets/(liabilities)
  
 
 
107,877
 
 
(169,434)

Total assets less current liabilities
  
3,384,342
2,885,722

Provisions for liabilities
  

Deferred tax
  
(425)
(792)

  
 
 
(425)
 
 
(792)

Net assets
  
3,383,917
2,884,930


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
3,383,717
2,884,730

  
3,383,917
2,884,930


Page 1

 
WOODBERRY ASSOCIATES LIMITED
REGISTERED NUMBER: 07271657
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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: 




W Roiter
Director

Date: 26 October 2023

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

Page 2

 
WOODBERRY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Woodberry Associates Limited is a private company, limited by shares, incorporated in England and Wales. The registered office is located at 45 Gresham Street, London, EC2V 7BG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

These financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Companies Act 2006.
The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Consultancy 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 consultancy 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.

 
2.4

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

 
WOODBERRY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the most appropriate method.

Depreciation is provided on the following basis:

Motor vehicles
-
5 years straight line
Computer equipment
-
3 years straight line

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Investments in unlisted Company shares are stated at historic cost less impairment..
Investments in Associates and Joint Ventures are held at cost less impairment.

 
2.6

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.

 
2.7

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.

 
2.8

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other
Page 4

 
WOODBERRY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.9

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.

 
2.10

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.11

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
WOODBERRY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.12

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.

 
2.13

Interest income

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

 
2.14

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.


3.


Employees

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

Page 6

 
WOODBERRY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost 


At 1 July 2022
38,534
10,672
49,206



At 30 June 2023

38,534
10,672
49,206



Depreciation


At 1 July 2022
38,534
7,503
46,037


Charge for the year on owned assets
-
1,468
1,468



At 30 June 2023

38,534
8,971
47,505



Net book value



At 30 June 2023
-
1,701
1,701



At 30 June 2022
-
3,169
3,169


5.


Fixed asset investments





Investments in subsidiary companies
Investments in associates
Listed investments
Unlisted investments
Total

£
£
£
£
£



Cost or valuation


At 1 July 2022
2
-
2,327,035
724,950
3,051,987


Additions
-
20
1,265,583
8,642
1,274,245


Disposals
-
-
(1,118,283)
-
(1,118,283)


Revaluations
-
-
66,815
-
66,815



At 30 June 2023
2
20
2,541,150
733,592
3,274,764




Page 7

 
WOODBERRY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Trade debtors
135,000
-

Other debtors
322,406
311,733

Prepayments and accrued income
2,604
2,414

460,010
314,147



7.


Current asset investments

2023
2022
£
£

Government bonds
301,202
-


2023
2022
£
£


Purchases
299,888
-

Gains on remeasurement to fair value
1,314
-

Market value
301,202
-





8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
280,488

Amounts owed to group undertakings
1,138,786
1,163,440

Corporation tax
108,119
58,755

Accruals and deferred income
34,251
36,888

1,281,156
1,539,571


Amounts owed to the company's subsidiary undertaking are interest fee and repayable on demand.

Page 8

 
WOODBERRY ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Related party transactions

At 30 June 2023, the director owed the company £2,406 (2022 -  £1,733). This loan is interest free and repayable on demand.

During the year, dividends of £80,000 (2022 - £75,000) were paid to directors of the company.

Page 9