Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseActivities of other holding companies2022-06-072false 14155392 2022-06-07 2023-06-30 14155392 2021-06-07 2022-06-06 14155392 2023-06-30 14155392 2022-06-06 14155392 c:Director1 2022-06-07 2023-06-30 14155392 c:Director2 2022-06-07 2023-06-30 14155392 d:CurrentFinancialInstruments 2023-06-30 14155392 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14155392 d:ShareCapital 2022-06-07 2023-06-30 14155392 d:ShareCapital 2023-06-30 14155392 d:ShareCapital 2022-06-06 14155392 d:RetainedEarningsAccumulatedLosses 2022-06-07 2023-06-30 14155392 d:RetainedEarningsAccumulatedLosses 2023-06-30 14155392 d:RetainedEarningsAccumulatedLosses 2022-06-06 14155392 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-06-30 14155392 c:FRS102 2022-06-07 2023-06-30 14155392 c:AuditExemptWithAccountantsReport 2022-06-07 2023-06-30 14155392 c:FullAccounts 2022-06-07 2023-06-30 14155392 c:PrivateLimitedCompanyLtd 2022-06-07 2023-06-30 14155392 2 2022-06-07 2023-06-30 14155392 e:PoundSterling 2022-06-07 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 14155392










WEST SOMERTON HOLDINGS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2023

 
WEST SOMERTON HOLDINGS LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WEST SOMERTON HOLDINGS LTD
FOR THE PERIOD ENDED 30 JUNE 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of West Somerton Holdings Ltd for the period ended 30 June 2023 which comprise  the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of West Somerton Holdings Ltd, as a body, in accordance with the terms of our engagement letter dated 14 June 2022Our work has been undertaken solely to prepare for your approval the financial statements of West Somerton Holdings Ltd and state those matters that we have agreed to state to the Board of directors of West Somerton Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than West Somerton Holdings Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that West Somerton Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of West Somerton Holdings Ltd. You consider that West Somerton Holdings Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of West Somerton Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
5 March 2024
Page 1

 
WEST SOMERTON HOLDINGS LTD
REGISTERED NUMBER: 14155392

BALANCE SHEET
AS AT 30 JUNE 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
448

Cash at bank and in hand
 5 
163,029

  
163,477

Creditors: amounts falling due within one year
 6 
(1,267)

Net current assets
  
 
 
162,210

Total assets less current liabilities
  
162,210

  

Net assets
  
162,210


Capital and reserves
  

Called up share capital 
  
1,000

Profit and loss account
  
161,210

  
162,210


Page 2

 
WEST SOMERTON HOLDINGS LTD
REGISTERED NUMBER: 14155392
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 5 March 2024.




R Durrant
J Durrant
Director
Director

The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
WEST SOMERTON HOLDINGS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 JUNE 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 7 June 2022
1,000
-
1,000


Comprehensive income for the period

Profit for the period

-
199,210
199,210


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
199,210
199,210


Contributions by and distributions to owners

Dividends: Equity capital
-
(38,000)
(38,000)


Total transactions with owners
-
(38,000)
(38,000)


At 30 June 2023
1,000
161,210
162,210

The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
WEST SOMERTON HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.


General information

The Company is a private Company limited by shares. It is incorporated and domiciled in England and Wales. The address of the registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. The principal activity of the Company are activities of other holding Companies.

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

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered a period of twelve months from the date of approval of financial statements. The directors consider that projected income together with current cash reserves will be more than adequate for the Company's needs. As such the directors believe that the accounts should be prepared on a going concern basis.

 
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. 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.

 
2.4

Interest income

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

Page 5

 
WEST SOMERTON HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.

 
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.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors.

Debt Instruments that are payable or receivable within one year, typically other debtors and creditors, are measured, initially and subsequently, at the discounted amount of the cash or other consideration expected to be paid or received.                                               

 
2.10

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.

Page 6

 
WEST SOMERTON HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

3.


Employees




The average monthly number of employees, including the directors, during the period was as follows:


        2023
            No.






Directors
2


4.


Debtors

2023
£


Other debtors
448

448



5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
163,029

163,029



6.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
67

Accruals and deferred income
1,200

1,267


Page 7

 
WEST SOMERTON HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

7.


Financial instruments

2023
£

Financial assets


Financial assets measured at fair value through profit or loss
163,029




8.


Related party transactions

As at 30 June 2023 the directors owed £448 to the Company, and this is shown within other debtors in note 4 of the accounts.

 
Page 8