Caseware UK (AP4) 2022.0.179 2022.0.179 2023-10-312023-10-3122022-11-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11051760 2022-11-01 2023-10-31 11051760 2021-11-01 2022-10-31 11051760 2023-10-31 11051760 2022-10-31 11051760 2021-11-01 11051760 c:Director1 2022-11-01 2023-10-31 11051760 d:CurrentFinancialInstruments 2023-10-31 11051760 d:CurrentFinancialInstruments 2022-10-31 11051760 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11051760 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11051760 d:ShareCapital 2023-10-31 11051760 d:ShareCapital 2022-10-31 11051760 d:ShareCapital 2021-11-01 11051760 d:OtherMiscellaneousReserve 2022-11-01 2023-10-31 11051760 d:OtherMiscellaneousReserve 2023-10-31 11051760 d:OtherMiscellaneousReserve 2021-11-01 2022-10-31 11051760 d:OtherMiscellaneousReserve 2022-10-31 11051760 d:OtherMiscellaneousReserve 2021-11-01 11051760 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 11051760 d:RetainedEarningsAccumulatedLosses 2023-10-31 11051760 d:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 11051760 d:RetainedEarningsAccumulatedLosses 2022-10-31 11051760 d:RetainedEarningsAccumulatedLosses 2021-11-01 11051760 c:FRS102 2022-11-01 2023-10-31 11051760 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11051760 c:FullAccounts 2022-11-01 2023-10-31 11051760 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11051760 2 2022-11-01 2023-10-31 11051760 6 2022-11-01 2023-10-31 11051760 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 11051760 d:AcceleratedTaxDepreciationDeferredTax 2022-10-31 11051760 d:TaxLossesCarry-forwardsDeferredTax 2023-10-31 11051760 d:TaxLossesCarry-forwardsDeferredTax 2022-10-31 iso4217:GBP xbrli:pure

11051760







WESTIE INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 OCTOBER 2023

























WESTIE INVESTMENTS LIMITED
REGISTERED NUMBER:11051760

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
2,708,188
2,481,033

Current assets
  

Bank and cash balances
  
64,818
275,907

  

Creditors: amounts falling due within one year
 5 
(2,246,756)
(2,335,399)

Net current liabilities
  
 
 
(2,181,938)
 
 
(2,059,492)

Provisions for liabilities
  

Deferred tax
  
(73,625)
-

Net assets
  
 
 
452,625
 
 
421,541


Capital and reserves
  

Called up share capital 
  
100
100

Fair value reserve
  
226,099
225,914

Profit and loss account
  
226,426
195,527

  
452,625
421,541


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.

Page 1

WESTIE INVESTMENTS LIMITED
REGISTERED NUMBER:11051760
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

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 Queen
Director

Date: 31 March 2024

The notes on pages 4 to 7 form part of these financial statements.

Page 2

WESTIE INVESTMENTS LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 November 2021
100
511,371
124,888
636,359



Loss for the year
-
-
(214,818)
(214,818)

Transfer to/from profit and loss account
-
(285,457)
285,457
-



At 1 November 2022
100
225,914
195,527
421,541



Profit for the year
-
-
31,084
31,084

Transfer to/from profit and loss account
-
185
(185)
-


At 31 October 2023
100
226,099
226,426
452,625


The notes on pages 4 to 7 form part of these financial statements.

Page 3

WESTIE INVESTMENTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Westie Investments Limited (the 'Company') is a private company limited by shares and is registered and incorporated in England and Wales.
The address of its registered office is Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, TN4 8BS.
  
The address of its principal place of business is 94 Bridge House, St George Wharf, London, SW8 2LQ.

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 financial statements are prepared in sterling, which is the functional currency of the Company.  Monetary amounts in these financial statements are rounded to the nearest whole £1.

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. 
Income from listed investments is recognised when the dividends are declared.

 
2.3

Interest income

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

Page 4

WESTIE INVESTMENTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
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. 

 
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

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

WESTIE INVESTMENTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Fixed asset investments





Listed investments

£



Valuation


At 1 November 2022
2,481,033


Additions
555,481


Disposals
(402,137)


Revaluations
73,810



At 31 October 2023
2,708,187





5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
5,999

Other creditors
2,241,596
2,324,900

Accruals and deferred income
5,160
4,500

2,246,756
2,335,399



6.


Deferred taxation




2023


£






Charged to profit or loss
73,625



At end of year
73,625

The deferred taxation balance is made up as follows:

2023
2022
£
£


Capital gains/(losses)
74,931
-

Losses and other deductions
(1,306)
-

73,625
-

Page 6

WESTIE INVESTMENTS LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Related party transactions

At the year-end, the Company owed shareholders £2,241,596 (2022: £2,324,900) and this amount is included in other creditors.  No interest is being charged on this loan and it is repayable on demand.

 
Page 7