Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true22022-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse2true 12154589 2022-04-01 2023-03-31 12154589 2021-04-01 2022-03-31 12154589 2023-03-31 12154589 2022-03-31 12154589 c:Director1 2022-04-01 2023-03-31 12154589 d:CurrentFinancialInstruments 2023-03-31 12154589 d:CurrentFinancialInstruments 2022-03-31 12154589 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12154589 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12154589 d:ShareCapital 2023-03-31 12154589 d:ShareCapital 2022-03-31 12154589 d:RetainedEarningsAccumulatedLosses 2023-03-31 12154589 d:RetainedEarningsAccumulatedLosses 2022-03-31 12154589 c:EntityHasNeverTraded 2022-04-01 2023-03-31 12154589 c:FRS102 2022-04-01 2023-03-31 12154589 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12154589 c:FullAccounts 2022-04-01 2023-03-31 12154589 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12154589 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12154589










WEBSTER HOLDINGS (NORFOLK) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
WEBSTER HOLDINGS (NORFOLK) LIMITED
REGISTERED NUMBER:12154589

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,100
1,166

  
1,100
1,166

Current assets
  

Debtors: amounts falling due within one year
 5 
2,723
4,724

Cash at bank and in hand
  
66
-

  
2,789
4,724

Creditors: amounts falling due within one year
 7 
(1,823)
(2,002)

Net current assets
  
 
 
966
 
 
2,722

Total assets less current liabilities
  
2,066
3,888

  

Net assets
  
2,066
3,888


Capital and reserves
  

Called up share capital 
  
1,166
1,166

Profit and loss account
  
900
2,722

  
2,066
3,888


Page 1

 
WEBSTER HOLDINGS (NORFOLK) LIMITED
REGISTERED NUMBER:12154589
    
STATEMENT OF FINANCIAL POSITION (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 income statement 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: 




................................................
C J M Webster
Director

Date: 10 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WEBSTER HOLDINGS (NORFOLK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Webster Holidngs (Norfolk) Limited is a private company limited by shares and incorporated in England and Wales, registration number 12154589. The registered office is 1st Floor, Prospect House, Rouen Road, Norwich, Norfolk, NR1 1RE.

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The following principal accounting policies have been applied:

 
2.2

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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

 
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.

Page 3

 
WEBSTER HOLDINGS (NORFOLK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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.

 
2.8

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.


3.


Employees

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

Page 4

 
WEBSTER HOLDINGS (NORFOLK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
1,166


Amounts written off
(66)



At 31 March 2023
1,100





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
2,723
4,724

2,723
4,724



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
66
-

66
-



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
1,823
2,002

1,823
2,002


Page 5

 
WEBSTER HOLDINGS (NORFOLK) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Related party transactions

At the year end the company had transactions with related parties as show in the table below.


2023
2022
£
£

Websters of Norwich Ltd - Owed to/(from)
(2,723)
(4,724)
(2,723)
(4,724)

 
Page 6