Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false02022-04-01falseConsultancy0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12344227 2022-04-01 2023-03-31 12344227 2021-01-01 2022-03-31 12344227 2023-03-31 12344227 2022-03-31 12344227 c:Director1 2022-04-01 2023-03-31 12344227 d:PlantMachinery 2022-04-01 2023-03-31 12344227 d:PlantMachinery 2023-03-31 12344227 d:PlantMachinery 2022-03-31 12344227 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12344227 d:CurrentFinancialInstruments 2023-03-31 12344227 d:CurrentFinancialInstruments 2022-03-31 12344227 d:Non-currentFinancialInstruments 2023-03-31 12344227 d:Non-currentFinancialInstruments 2022-03-31 12344227 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12344227 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12344227 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12344227 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 12344227 d:ShareCapital 2023-03-31 12344227 d:ShareCapital 2022-03-31 12344227 d:RetainedEarningsAccumulatedLosses 2023-03-31 12344227 d:RetainedEarningsAccumulatedLosses 2022-03-31 12344227 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 12344227 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 12344227 c:FRS102 2022-04-01 2023-03-31 12344227 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12344227 c:FullAccounts 2022-04-01 2023-03-31 12344227 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12344227 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 12344227 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 12344227 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 12344227 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 12344227 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-31 12344227 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-03-31 12344227 d:LeasedAssetsHeldAsLessee 2023-03-31 12344227 d:LeasedAssetsHeldAsLessee 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 12344227









MWNH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
MWNH LIMITED
REGISTERED NUMBER: 12344227

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
35,013
46,684

  
35,013
46,684

Current assets
  

Stocks
 5 
21,616
15,081

Cash at bank and in hand
 6 
348,772
148,948

  
370,388
164,029

Creditors: amounts falling due within one year
 7 
(323,349)
(214,191)

Net current assets/(liabilities)
  
 
 
47,039
 
 
(50,162)

Total assets less current liabilities
  
82,052
(3,478)

Creditors: amounts falling due after more than one year
 8 
(30,085)
(42,535)

  

Net assets/(liabilities)
  
51,967
(46,013)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
51,867
(46,113)

  
51,967
(46,013)


Page 1

 
MWNH LIMITED
REGISTERED NUMBER: 12344227
    
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 on 22 November 2023.




................................................
Naeem Haq
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
MWNH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

MWNH Limited is a private company, incorporated in England and Wales, limited by its share capital.  The principal activity of the Company throughout the year was provision of medical consultancy services.

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:

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
MWNH 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance

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.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
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

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.

 
2.9

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.

Page 4

 
MWNH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2022
62,246



At 31 March 2023

62,246



Depreciation


At 1 April 2022
15,562


Charge for the year on owned assets
11,671



At 31 March 2023

27,233



Net book value



At 31 March 2023
35,013



At 31 March 2022
46,684

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
35,013
46,684

35,013
46,684

Page 5

 
MWNH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
21,616
15,081

21,616
15,081



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
348,772
148,948

348,772
148,948



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,675
-

Amounts owed to group undertakings
39,900
199,900

Obligations under finance lease and hire purchase contracts
12,449
12,449

Accruals and deferred income
265,325
1,842

323,349
214,191



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
30,085
42,535

30,085
42,535


Page 6

 
MWNH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
12,449
12,449

Between 1-5 years
30,085
42,535

42,534
54,984


10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
348,772
148,948




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


11.


Related party transactions

Sarum Eye Clinic Limited is a company in which director, Naeem Haq, is a director and shareholder. During the year the Company made transactions totalling £62,000 (2022 - £81,950) with this company. At the year end £19,950 (2022 - £81,950) was outstanding.
Matthew Wakefield Eye Surgery Limited is a company in which director, Matthew Wakefield, is a director and shareholder. During the year the Company made transactions totalling £98,000 (2022 - £117,950) with this company. At the year end £19,950 (2022 - £81,950) was outstanding.


12.


Controlling party

The Company is controlled by the directors Naeem Haq and Matthew Wakefield by virtue of their shareholdings in Sarum Eye Clinic Limited and Matthew Wakefield Eye Surgery Limited.

 
Page 7