Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-311true2022-06-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11378550 2022-06-01 2023-05-31 11378550 2021-06-01 2022-05-31 11378550 2023-05-31 11378550 2022-05-31 11378550 c:Director1 2022-06-01 2023-05-31 11378550 d:CurrentFinancialInstruments 2023-05-31 11378550 d:CurrentFinancialInstruments 2022-05-31 11378550 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11378550 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 11378550 d:ShareCapital 2023-05-31 11378550 d:ShareCapital 2022-05-31 11378550 d:RetainedEarningsAccumulatedLosses 2023-05-31 11378550 d:RetainedEarningsAccumulatedLosses 2022-05-31 11378550 c:FRS102 2022-06-01 2023-05-31 11378550 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 11378550 c:FullAccounts 2022-06-01 2023-05-31 11378550 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11378550 6 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 11378550









WHARTON AND COMPANY ENTERTAINMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
WHARTON AND COMPANY ENTERTAINMENT LIMITED
REGISTERED NUMBER: 11378550

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
10
10

  
10
10

Current assets
  

Debtors: amounts falling due within one year
 6 
929
929

Cash at bank and in hand
  
4,772
12,771

  
5,701
13,700

Creditors: amounts falling due within one year
 7 
(2,800)
(3,700)

Net current assets
  
 
 
2,901
 
 
10,000

Total assets less current liabilities
  
2,911
10,010

  

Net assets
  
2,911
10,010


Capital and reserves
  

Called up share capital 
  
110
110

Profit and loss account
  
2,801
9,900

  
2,911
10,010


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WHARTON AND COMPANY ENTERTAINMENT LIMITED
REGISTERED NUMBER: 11378550
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

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 year 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 income statement 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 14 February 2024.



I J Wharton
Director

Page 2

 
WHARTON AND COMPANY ENTERTAINMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Wharton and Company Entertainment Limited is a private company limited by shares and registered 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.

The  company  is  the  parent  undertaking  of  a  small  group  and  as  such  is  not  required  by  the Companies  Act  2006  to  prepare  group  accounts.  These  financial  statements  therefore  present information about the company as an individual undertaking and not about its group.

 
2.2

Functional and presentation currency

The Company's functional and presentational currency is GBP.

 
2.3

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.
Revenue relates to consultancy services provided to clients during the year. Invoices are raised in arrears of services provided. An assessment is undertaken at the reporting date in respect of work performed that has not been invoiced and an amount is accrued accordingly.

 
2.4

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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WHARTON AND COMPANY ENTERTAINMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

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 period. However, the nature of estimation means that actual outcomes could differ from those estimates.
Accruals
The company makes an estimate of accruals at the reporting date based on invoices received after the reporting date and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2022
10



At 31 May 2023
10





6.


Debtors

2023
2022
£
£


Other debtors
929
929

929
929


Page 4

 
WHARTON AND COMPANY ENTERTAINMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
1,300
700

Accruals and deferred income
1,500
3,000

2,800
3,700



8.


Related party transactions

At the reporting date, the company owed £1,300 (2022: £700) to I J Wharton, the director. The loan is interest free, unsecured and repayable on demand.
The company has not entered into any transactions with related parties that are material and that have not been concluded under normal market conditions.

 
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