Caseware UK (AP4) 2022.0.179 2022.0.179 2023-08-312023-08-312022-07-12The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity19falsetruefalse SC738251 2022-07-11 SC738251 2022-07-12 2023-08-31 SC738251 2021-07-12 2022-07-11 SC738251 2023-08-31 SC738251 c:Director1 2022-07-12 2023-08-31 SC738251 c:Director1 2023-08-31 SC738251 c:Director2 2022-07-12 2023-08-31 SC738251 c:Director2 2023-08-31 SC738251 c:Director3 2022-07-12 2023-08-31 SC738251 c:Director3 2023-08-31 SC738251 c:Director4 2022-07-12 2023-08-31 SC738251 c:Director4 2023-08-31 SC738251 c:RegisteredOffice 2022-07-12 2023-08-31 SC738251 d:FurnitureFittings 2022-07-12 2023-08-31 SC738251 d:FurnitureFittings 2023-08-31 SC738251 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-07-12 2023-08-31 SC738251 d:CurrentFinancialInstruments 2023-08-31 SC738251 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 SC738251 d:ShareCapital 2023-08-31 SC738251 d:RetainedEarningsAccumulatedLosses 2023-08-31 SC738251 c:OrdinaryShareClass1 2022-07-12 2023-08-31 SC738251 c:OrdinaryShareClass1 2023-08-31 SC738251 c:FRS102 2022-07-12 2023-08-31 SC738251 c:AuditExempt-NoAccountantsReport 2022-07-12 2023-08-31 SC738251 c:FullAccounts 2022-07-12 2023-08-31 SC738251 c:PrivateLimitedCompanyLtd 2022-07-12 2023-08-31 SC738251 e:PoundSterling 2022-07-12 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC738251










RWP SUB LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

 
RWP SUB LIMITED
 

COMPANY INFORMATION


DIRECTORS
Brian Arris (appointed 1 November 2022)
Jennifer Anderson (appointed 20 July 2022, resigned 1 November 2022)
Jonathan Graham (appointed 13 July 2022, resigned 1 November 2022)
Marianne May (appointed 20 July 2022, resigned 1 November 2022)




REGISTERED NUMBER
SC738251



REGISTERED OFFICE
3 Waverley Place

Aberdeen

AB10 1XH




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
RWP SUB LIMITED
REGISTERED NUMBER: SC738251

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
Note
£

FIXED ASSETS
  

Tangible assets
 4 
3,764

  
3,764

CURRENT ASSETS
  

Stocks
  
85,381

Debtors: amounts falling due within one year
 5 
393,676

Cash at bank and in hand
  
233,009

  
712,066

Creditors: amounts falling due within one year
 6 
(484,154)

NET CURRENT ASSETS
  
 
 
227,912

TOTAL ASSETS LESS CURRENT LIABILITIES
  
231,676

  

NET ASSETS
  
231,676


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1

Profit and loss account
  
231,675

  
231,676


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 period 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 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 April 2024.




Brian Arris
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
RWP SUB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

1.


GENERAL INFORMATION

RWP Sub Limited is a private company, limited by shares, incorporated in Scotland with registration number SC738251. The registered office is 3 Waverley Place, Aberdeen, AB10 1XH.
The Company's functional and presentational currency is GBP.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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. 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.

Page 2

 
RWP SUB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

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.

 
2.4

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Reducing balance

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.

 
2.5

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 3

 
RWP SUB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

3.


EMPLOYEES

The average monthly number of employees, including directors, during the period was 19.


4.


TANGIBLE FIXED ASSETS





Fixtures and fittings

£



COST OR VALUATION


Additions
5,018



At 31 August 2023

5,018



DEPRECIATION


Charge for the period on owned assets
1,254



At 31 August 2023

1,254



NET BOOK VALUE



At 31 August 2023
3,764


5.


DEBTORS

2023
£


Trade debtors
6,153

Amounts owed by group undertakings
567

Other debtors
49,730

Prepayments and accrued income
337,226

393,676



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
£

Trade creditors
275,966

Amounts owed to group undertakings
12,104

Other taxation and social security
71,132

Other creditors
108,888

Accruals and deferred income
16,064

484,154


Page 4

 
RWP SUB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

7.


SHARE CAPITAL

2023
£
ALLOTTED, CALLED UP AND FULLY PAID


1 Ordinary share of £1.00
1


During the period 1 Ordinary share of £1 was issued.


Page 5