Caseware UK (AP4) 2022.0.179 2022.0.179 2022-09-302022-09-30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1false2021-10-01No description of principal activitytrue 13600814 2021-09-30 13600814 2021-10-01 2022-09-30 13600814 2020-10-01 2021-09-30 13600814 2022-09-30 13600814 c:Director1 2021-10-01 2022-09-30 13600814 d:LeaseholdInvestmentProperty 2021-10-01 2022-09-30 13600814 d:LeaseholdInvestmentProperty 2022-09-30 13600814 d:CurrentFinancialInstruments 2022-09-30 13600814 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 13600814 d:ShareCapital 2022-09-30 13600814 d:RetainedEarningsAccumulatedLosses 2022-09-30 13600814 c:FRS102 2021-10-01 2022-09-30 13600814 c:AuditExempt-NoAccountantsReport 2021-10-01 2022-09-30 13600814 c:FullAccounts 2021-10-01 2022-09-30 13600814 c:PrivateLimitedCompanyLtd 2021-10-01 2022-09-30 iso4217:GBP xbrli:pure

Registered number: 13600814









ARCHIE WREXHAM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2022

 
ARCHIE WREXHAM LIMITED
REGISTERED NUMBER: 13600814

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2022

2022
Note
£

Fixed assets
  

Investment property
 5 
647,839

  
647,839

Current assets
  

Debtors: amounts falling due within one year
 6 
85,719

Cash at bank and in hand
  
80,766

  
166,485

Creditors: amounts falling due within one year
 7 
(805,705)

Net current (liabilities)/assets
  
 
 
(639,220)

Total assets less current liabilities
  
8,619

  

Net assets
  
8,619


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
8,618

  
8,619


Page 1

 
ARCHIE WREXHAM LIMITED
REGISTERED NUMBER: 13600814
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2022

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 period 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 24 August 2023.




Daniel Andre McPherson
Director

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

Page 2

 
ARCHIE WREXHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2022

1.


General information

Archie Wrexham Limited is a private company limited by shares and registred in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

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.

 
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

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.

 
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

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 and loans.
 
Page 3

 
ARCHIE WREXHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2022

2.Accounting policies (continued)


2.5
Financial instruments (continued)

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
Accruals
The company makes an estimate of accruals at the year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.
Revaluation of investment property
The company carries its investment property at fair value, with changes in fair value being recognised through profit and loss. The valuation technique used is based on an open market value for existing use The determined fair value of the investment property is most sensitive to the estimated yield as well as the long term vacancy rate.


4.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 4

 
ARCHIE WREXHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2022

5.


Investment property


Long term leasehold investment property

£



Valuation


Additions at cost
647,839



At 30 September 2022
647,839

The 2022 valuations were made by the director, on an open market value for existing use basis.



At 30 September 2022





6.


Debtors

2022
£


Other debtors
85,168

Prepayments and accrued income
551

85,719



7.


Creditors: Amounts falling due within one year

2022
£

Amounts owed to group undertakings
785,657

Corporation tax
2,022

Accruals and deferred income
18,026

805,705


Page 5

 
ARCHIE WREXHAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2022

8.


Loans


Analysis of the maturity of loans is given below:










9.


Related party transactions

During the period, the company received a loan from its parent company in sum of £785,657.
The loan is interest free, unsecured, and repayable on demand.

 
Page 6