Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-310true2022-04-01falseNo description of principal activity0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00712881 2022-04-01 2023-03-31 00712881 2021-04-01 2022-03-31 00712881 2023-03-31 00712881 2022-03-31 00712881 c:Director2 2022-04-01 2023-03-31 00712881 d:MotorVehicles 2022-04-01 2023-03-31 00712881 d:MotorVehicles 2023-03-31 00712881 d:MotorVehicles 2022-03-31 00712881 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00712881 d:FurnitureFittings 2022-04-01 2023-03-31 00712881 d:FurnitureFittings 2023-03-31 00712881 d:FurnitureFittings 2022-03-31 00712881 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00712881 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 00712881 d:FreeholdInvestmentProperty 2023-03-31 00712881 d:FreeholdInvestmentProperty 2022-03-31 00712881 d:CurrentFinancialInstruments 2023-03-31 00712881 d:CurrentFinancialInstruments 2022-03-31 00712881 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00712881 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 00712881 d:ShareCapital 2023-03-31 00712881 d:ShareCapital 2022-03-31 00712881 d:RetainedEarningsAccumulatedLosses 2023-03-31 00712881 d:RetainedEarningsAccumulatedLosses 2022-03-31 00712881 c:OrdinaryShareClass1 2022-04-01 2023-03-31 00712881 c:OrdinaryShareClass1 2023-03-31 00712881 c:OrdinaryShareClass1 2022-03-31 00712881 c:FRS102 2022-04-01 2023-03-31 00712881 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 00712881 c:FullAccounts 2022-04-01 2023-03-31 00712881 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00712881










W.WHITEWAY & SONS (WELLINGTON) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
W.WHITEWAY & SONS (WELLINGTON) LIMITED
REGISTERED NUMBER: 00712881

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,306
5,675

Investment property
 5 
550,000
550,000

  
555,306
555,675

Current assets
  

Debtors: amounts falling due within one year
 6 
2,174
4,874

Cash at bank and in hand
 7 
50,190
49,467

  
52,364
54,341

Creditors: amounts falling due within one year
 8 
(76,934)
(69,297)

Net current liabilities
  
 
 
(24,570)
 
 
(14,956)

Total assets less current liabilities
  
530,736
540,719

Provisions for liabilities
  

Deferred tax
  
(87,737)
(87,488)

  
 
 
(87,737)
 
 
(87,488)

Net assets
  
442,999
453,231


Capital and reserves
  

Called up share capital 
 9 
72
72

Profit and loss account
  
442,927
453,159

  
442,999
453,231


Page 1

 
W.WHITEWAY & SONS (WELLINGTON) LIMITED
REGISTERED NUMBER: 00712881
    
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 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 by: 




R Whiteway
Director

Date: 30 October 2023

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

Page 2

 
W.WHITEWAY & SONS (WELLINGTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

W. Whiteway & Sons (Wellington) Limited, 00712881, is a private limited company limited by shares, incorporated in England and Wales, with its registered office and principle place of business at Tyrone House, Church Street, Wellington, Telford, Shropshire, TF1 1DR. 

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

Turnover comprises revenue recognised by the company in respect of ground rents received.

 
2.3

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.

 
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

 
W.WHITEWAY & SONS (WELLINGTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
5%
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.

 
2.5

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.

 
2.6

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

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.

Page 4

 
W.WHITEWAY & SONS (WELLINGTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.10

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.

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 Profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).

Page 5

 
W.WHITEWAY & SONS (WELLINGTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2022
1,800
17,898
19,698



At 31 March 2023

1,800
17,898
19,698



Depreciation


At 1 April 2022
1,373
12,650
14,023


Charge for the year on owned assets
107
262
369



At 31 March 2023

1,480
12,912
14,392



Net book value



At 31 March 2023
320
4,986
5,306



At 31 March 2022
427
5,248
5,675

Page 6

 
W.WHITEWAY & SONS (WELLINGTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
550,000



At 31 March 2023
550,000



The 2023 valuations were made by Andrew Dixon, on an open market value for existing use basis.








6.


Debtors

2023
2022
£
£


Other debtors
2,174
4,874

2,174
4,874



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
50,190
49,467

50,190
49,467


Page 7

 
W.WHITEWAY & SONS (WELLINGTON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
2,068
825

Other creditors
71,010
66,770

Accruals and deferred income
3,856
1,702

76,934
69,297



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



72 (2022 - 72) Ordinary shares of £1.00 each
72
72


 
Page 8