Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312021-11-16falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13746455 2021-11-15 13746455 2021-11-16 2022-12-31 13746455 2020-11-16 2021-11-15 13746455 2022-12-31 13746455 c:Director1 2021-11-16 2022-12-31 13746455 d:FreeholdInvestmentProperty 2021-11-16 2022-12-31 13746455 d:FreeholdInvestmentProperty 2022-12-31 13746455 d:FreeholdInvestmentProperty 2 2021-11-16 2022-12-31 13746455 d:CurrentFinancialInstruments 2022-12-31 13746455 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13746455 d:ShareCapital 2022-12-31 13746455 d:OtherMiscellaneousReserve 2021-11-16 2022-12-31 13746455 d:OtherMiscellaneousReserve 2022-12-31 13746455 d:RetainedEarningsAccumulatedLosses 2022-12-31 13746455 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 13746455 c:OrdinaryShareClass1 2021-11-16 2022-12-31 13746455 c:OrdinaryShareClass1 2022-12-31 13746455 c:FRS102 2021-11-16 2022-12-31 13746455 c:AuditExempt-NoAccountantsReport 2021-11-16 2022-12-31 13746455 c:FullAccounts 2021-11-16 2022-12-31 13746455 c:PrivateLimitedCompanyLtd 2021-11-16 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13746455









WANLIP HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
WANLIP HOLDINGS LIMITED
REGISTERED NUMBER: 13746455

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
Note
£

Fixed assets
  

Investment property
  
5,400,000

  
5,400,000

Current assets
  

Debtors: amounts falling due within one year
 5 
18,972

Cash at bank and in hand
 6 
39,725

  
58,697

Creditors: amounts falling due within one year
 7 
(3,201,999)

Net current (liabilities)/assets
  
 
 
(3,143,302)

Total assets less current liabilities
  
2,256,698

Provisions for liabilities
  

Deferred tax
  
(736,000)

  
 
 
(736,000)

Net assets
  
1,520,698


Capital and reserves
  

Called up share capital 
 9 
1

Other reserves
  
1,800,000

Profit and loss account
  
(279,303)

  
1,520,698

Page 1

 
WANLIP HOLDINGS LIMITED
REGISTERED NUMBER: 13746455
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

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 statement of comprehensive income 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: 




M R Morrison
Director

Date: 13 February 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
WANLIP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Wanlip Holdings Limited is a private company limited by shares and incorporated in England & Wales (registered number 13746455). The registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.
The company was incorporated on 16 November 2021 and started trading on 1 January 2022. 

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

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.

Page 3

 
WANLIP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
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

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.

 
2.6

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.

 
2.7

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.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.

Page 4

 
WANLIP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
3,000,000


Surplus on revaluation
2,400,000



At 31 December 2022
5,400,000

The 2022 valuations were made by third party, qualified valuers, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2022
£


Historic cost
3,000,000

3,000,000


5.


Debtors

2022
£


Other debtors
18,972

18,972



6.


Cash and cash equivalents

2022
£

Cash at bank and in hand
39,725

39,725


Page 5

 
WANLIP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

7.


Creditors: Amounts falling due within one year

2022
£

Amounts owed to group undertakings
3,199,999

Accruals and deferred income
2,000

3,201,999



8.


Deferred taxation



2022


£






Charged to profit or loss
(736,000)



At end of year
(736,000)

The deferred taxation balance is made up as follows:

2022
£


Revaluation of property
(736,000)

(736,000)


9.


Share capital

2022
£
Allotted, called up and partly paid


1 Ordinary share of £1.00
1

On 16 November 2021, the day of incorporation, 1 ordinary share of £1 was issued at par.



10.


Reserves

Other reserves

Other reserves consists of revaluation gains on investment property net of related deferred tax.
 
Page 6