Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31true88true2022-04-01falseResearch and development for hops and other related activitiesThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03143440 2022-04-01 2023-03-31 03143440 2021-04-01 2022-03-31 03143440 2023-03-31 03143440 2022-03-31 03143440 c:Director1 2022-04-01 2023-03-31 03143440 d:PlantMachinery 2022-04-01 2023-03-31 03143440 d:PlantMachinery 2023-03-31 03143440 d:PlantMachinery 2022-03-31 03143440 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03143440 d:FurnitureFittings 2022-04-01 2023-03-31 03143440 d:FurnitureFittings 2023-03-31 03143440 d:FurnitureFittings 2022-03-31 03143440 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03143440 d:OfficeEquipment 2022-04-01 2023-03-31 03143440 d:OfficeEquipment 2023-03-31 03143440 d:OfficeEquipment 2022-03-31 03143440 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03143440 d:ComputerEquipment 2022-04-01 2023-03-31 03143440 d:ComputerEquipment 2023-03-31 03143440 d:ComputerEquipment 2022-03-31 03143440 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03143440 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03143440 d:CurrentFinancialInstruments 2023-03-31 03143440 d:CurrentFinancialInstruments 2022-03-31 03143440 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03143440 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03143440 d:ShareCapital 2023-03-31 03143440 d:ShareCapital 2022-03-31 03143440 d:OtherMiscellaneousReserve 2023-03-31 03143440 d:OtherMiscellaneousReserve 2022-03-31 03143440 d:RetainedEarningsAccumulatedLosses 2023-03-31 03143440 d:RetainedEarningsAccumulatedLosses 2022-03-31 03143440 c:FRS102 2022-04-01 2023-03-31 03143440 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03143440 c:FullAccounts 2022-04-01 2023-03-31 03143440 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 03143440










WYE HOPS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
WYE HOPS LIMITED
REGISTERED NUMBER: 03143440

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
717
1,276

Current assets
  

Debtors: amounts falling due within one year
 6 
20,115
100,833

Cash at bank and in hand
  
40,866
1,291

  
60,981
102,124

Creditors: amounts falling due within one year
 7 
(42,010)
(44,125)

Net current assets
  
 
 
18,971
 
 
57,999

Total assets less current liabilities
  
19,688
59,275

  

Net assets
  
19,688
59,275


Capital and reserves
  

Called up share capital 
  
10
10

Other reserves
  
22,858
22,858

Profit and loss account
  
(3,180)
36,407

  
19,688
59,275


Page 1

 
WYE HOPS LIMITED
REGISTERED NUMBER: 03143440
    
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 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 by: 



A T Hoad
Director
Date: 12 March 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
WYE HOPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Wye Hops Limited is a private company limited by shares, incorporated in England and Wales in the United Kingdom. The address of the registered office is China Farm, Harbledown, Canterbury, Kent CT2 9AR. 
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have assessed that there are no significant doubts in the company's ability to continue as a going concern.
As a result, the financial statements have been prepared on a going concern basis.

Page 3

 
WYE HOPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
WYE HOPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% Straight line basis
Fixtures and fittings
-
10% Straight line basis
Office equipment
-
33.3% Straight line basis
Computer equipment
-
33.3% Straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

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.

 
2.9

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.

 
2.10

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.

Page 5

 
WYE HOPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

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.


Judgements in applying accounting policies and key sources of estimation uncertainty

No significant judgements have been made by management in preparing these financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 8 (2022 - 8).


5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
5,404
1,353
1,520
1,149
9,426


Disposals
-
-
(1,370)
-
(1,370)



At 31 March 2023

5,404
1,353
150
1,149
8,056



Depreciation


At 1 April 2022
5,363
1,171
1,520
96
8,150


Charge for the year on owned assets
41
135
-
383
559


Disposals
-
-
(1,370)
-
(1,370)



At 31 March 2023

5,404
1,306
150
479
7,339



Net book value



At 31 March 2023
-
47
-
670
717



At 31 March 2022
41
182
-
1,053
1,276

Page 6

 
WYE HOPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£


Trade debtors
6,921
35,033

Other debtors
5,438
-

Prepayments and accrued income
7,756
65,800

20,115
100,833



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
26,251
26,418

Other taxation and social security
-
2,453

Other creditors
361
181

Accruals and deferred income
15,398
15,073

42,010
44,125




8.


Controlling party

The ultimate parent company is The British Hop Association, a company registered in England and Wales in the United Kingdom. The address of the registered office is Victoria Court, 17-21 Ashford Road, Maidstone, Kent, ME14 5DA.

 
Page 7