Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3113929783The 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 period in question in accordance with section 476 of the Companies Act 2006The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-02-21false4truetrue 13929783 2022-02-20 13929783 2022-02-21 2023-03-31 13929783 2021-02-21 2022-02-20 13929783 2023-03-31 13929783 c:Director1 2022-02-21 2023-03-31 13929783 d:OfficeEquipment 2022-02-21 2023-03-31 13929783 d:OfficeEquipment 2023-03-31 13929783 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-21 2023-03-31 13929783 d:ComputerEquipment 2022-02-21 2023-03-31 13929783 d:ComputerEquipment 2023-03-31 13929783 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-02-21 2023-03-31 13929783 d:OwnedOrFreeholdAssets 2022-02-21 2023-03-31 13929783 d:CurrentFinancialInstruments 2023-03-31 13929783 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13929783 d:ShareCapital 2023-03-31 13929783 d:RetainedEarningsAccumulatedLosses 2023-03-31 13929783 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 13929783 d:OtherDeferredTax 2023-03-31 13929783 c:OrdinaryShareClass1 2022-02-21 2023-03-31 13929783 c:OrdinaryShareClass1 2023-03-31 13929783 c:FRS102 2022-02-21 2023-03-31 13929783 c:AuditExempt-NoAccountantsReport 2022-02-21 2023-03-31 13929783 c:FullAccounts 2022-02-21 2023-03-31 13929783 c:PrivateLimitedCompanyLtd 2022-02-21 2023-03-31 13929783 d:WithinOneYear 2023-03-31 13929783 d:BetweenOneFiveYears 2023-03-31 13929783 2 2022-02-21 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13929783














WIMBLEDON HOMES LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2023

 
WIMBLEDON HOMES LTD
REGISTERED NUMBER:13929783

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
13,454

  
13,454

Current assets
  

Debtors: amounts falling due within one year
 5 
164,697

Cash at bank and in hand
 6 
134,797

  
299,494

Creditors: amounts falling due within one year
 7 
(267,192)

Net current assets
  
 
 
32,302

Total assets less current liabilities
  
45,756

Provisions for liabilities
  

Deferred tax
 8 
(3,262)

  
 
 
(3,262)

Net assets
  
42,494


Capital and reserves
  

Called up share capital 
 9 
1

Profit and loss account
  
42,493

  
42,494

1

 
WIMBLEDON HOMES LTD
REGISTERED NUMBER:13929783
    
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 period 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 profit and loss account 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 16 November 2023.




M J Beim
Director

The notes on pages 3 to 8 form part of these financial statements.
2

 
WIMBLEDON HOMES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

The company is a private company limited by shares and registered in England and Wales. The registered address of the company and its principal place of business is Unit 7, The Old Power Station, 121 Mortlake High Street, London, SW14 8SN. 
The principal activity of the company continued to be that of real estates agents.
The company was incorporated on 21 February 2022 and commenced trading on the same date.

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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

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 the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.3

Turnover

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:
Sale and letting commission
Sale and letting commission from a contract is recognised in the period in which the tenancy is provided in accordance with of the contract when both of the following conditions are satisfied:

the amount of turnover can be measured reliably; and 
it is probable that the company will receive the consideration due under the contract.

 
2.4

Interest income

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

3

 
WIMBLEDON HOMES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the period 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.

 
2.7

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.

4

 
WIMBLEDON HOMES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.7
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 straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
Computer equipment
-
33%

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.

 
2.8

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. Other financial liabilities, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

  Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors, loans from other third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the period was 4.

5

 
WIMBLEDON HOMES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


Additions
17,722
520
18,242



At 31 March 2023

17,722
520
18,242



Depreciation


Charge for the period on owned assets
4,644
144
4,788



At 31 March 2023

4,644
144
4,788



Net book value



At 31 March 2023
13,078
376
13,454


5.


Debtors

2023
£


Trade debtors
129,840

Other debtors
17,925

Prepayments and accrued income
16,932

164,697



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
134,797


6

 
WIMBLEDON HOMES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
17,019

Other taxation and social security
23,920

Other creditors
215,886

Accruals and deferred income
10,367

267,192



8.


Deferred taxation



2023


£






Charged to profit or loss
(3,262)



At end of year
(3,262)

The deferred taxation balance is made up as follows:

2023
£


Accelerated capital allowances
(3,364)

Short term timing differences
102

(3,262)


9.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


On incorporation, 1 Ordinary share were issued at par.


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,245. Contributions totalling £405 were payable to the fund at the balance sheet date and are included in creditors.

7

 
WIMBLEDON HOMES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

11.


Commitments under operating leases

At 31 March 2023 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
£


Not later than 1 year
59,750

Later than 1 year and not later than 5 years
89,625

149,375


12.


Related party transactions

Included in other creditors is an amount of £99,908 due to the directors of the company. The loan is unsecured, interest free and repayable on demand.
 

 
8