Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31Tax is recognised in the Statement of Comprehensive Income. The current corporation 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.2022-04-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.44truetrue 01102562 2022-04-01 2023-03-31 01102562 2021-04-01 2022-03-31 01102562 2023-03-31 01102562 2022-03-31 01102562 c:CompanySecretary1 2022-04-01 2023-03-31 01102562 c:Director1 2022-04-01 2023-03-31 01102562 c:Director2 2022-04-01 2023-03-31 01102562 c:Director3 2022-04-01 2023-03-31 01102562 c:Director4 2022-04-01 2023-03-31 01102562 c:RegisteredOffice 2022-04-01 2023-03-31 01102562 d:CurrentFinancialInstruments 2023-03-31 01102562 d:CurrentFinancialInstruments 2022-03-31 01102562 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01102562 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01102562 d:ShareCapital 2023-03-31 01102562 d:ShareCapital 2022-03-31 01102562 d:RetainedEarningsAccumulatedLosses 2023-03-31 01102562 d:RetainedEarningsAccumulatedLosses 2022-03-31 01102562 c:FRS102 2022-04-01 2023-03-31 01102562 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 01102562 c:FullAccounts 2022-04-01 2023-03-31 01102562 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 01102562


 
 
 
 
 
 
 
 
 
WEFTDALE SECURITIES LIMITED

FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 31 MARCH 2023

 
WEFTDALE SECURITIES LIMITED
 

COMPANY INFORMATION


DIRECTORS
S. Gorman 
C. A. Gorman 
S. R. D. Gorman 
A. Gorman 




COMPANY SECRETARY
S. R. D. Gorman



REGISTERED NUMBER
01102562



REGISTERED OFFICE
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BN





 
WEFTDALE SECURITIES LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
WEFTDALE SECURITIES LIMITED
REGISTERED NUMBER: 01102562

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Investments
 4 
909,230
1,070,291

CURRENT ASSETS
  

Debtors
 5 
1,547,875
1,484,327

Investments
 6 
68,873
70,376

Cash at bank and in hand
  
8,431
17,445

  
1,625,179
1,572,148

Creditors: amounts falling due within one year
 7 
(1,945,041)
(1,948,529)

NET CURRENT LIABILITIES
  
 
 
(319,862)
 
 
(376,381)

  

NET ASSETS
  
589,368
693,910


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
100
100

Retained earnings
  
589,268
693,810

EQUITY SHAREHOLDERS' FUNDS
  
589,368
693,910


Page 1

 
WEFTDALE SECURITIES LIMITED
REGISTERED NUMBER: 01102562

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 Directors' Report and Statement of Comprehensive Income in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2023.




S. Gorman
Director

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

Page 2

 
WEFTDALE SECURITIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


GENERAL INFORMATION

Weftdale Securities Limited (Company number: 01102562), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN, is a private limited company incorporated in England and Wales. The company's principal place of business is 94 Winnington Road, London, N2 0TU.

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

Statement of Cash Flows

The Company has taken advantage of the exemption in the Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company. 

  
2.3

Fixed assets investments

Investments held as fixed assets are shown at cost less provision for impairment. 

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

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.

Page 3

 
WEFTDALE SECURITIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.ACCOUNTING POLICIES (continued)

 
2.6

Financial instruments

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 Statement of Comprehensive Income.
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, 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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. 

  
2.8

Current asset investments

Current asset investments are valued at the lower of cost and net realisable value. 

 
2.9

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.

 
2.10

Taxation

Tax is recognised in the Statement of Comprehensive Income.
The current corporation 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 4

 
WEFTDALE SECURITIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


FIXED ASSET INVESTMENTS





Other fixed asset investments

£



COST


At 1 April 2022
1,070,291


Disposals
(161,061)



At 31 March 2023
909,230





5.


DEBTORS

2023
2022
£
£

Due within one year

Other debtors
1,547,875
1,484,327



6.


CURRENT ASSET INVESTMENTS

2023
2022
£
£

Listed investments
68,873
70,376


The market value of the listed investments at 31 March 2023 was £135,327 (2022: £162,229).


7.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
2,191

Other creditors (incl directors loans)
1,940,841
1,942,258

Accruals and deferred income
4,200
4,080

1,945,041
1,948,529


Page 5

 
WEFTDALE SECURITIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


RELATED PARTY TRANSACTIONS

Included within other creditors are amounts owed to key management personnel of the Company of £60,383 (2022: £33,164).
Included within other creditors are amounts due to related parties of £1,909,094 (
2022: £1,905,771).
These companies are related by virtue of common control and directorships.
Included within other debtors are amounts due from related parties of £1,536,627 (
2022 £1,484,327).
These companies are related by virtue of common control and directorships.


Page 6