Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-312022-08-01falseConsultancy services and investment22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12718102 2022-08-01 2023-07-31 12718102 2023-07-31 12718102 2021-08-01 2022-07-31 12718102 2022-07-31 12718102 c:Director1 2022-08-01 2023-07-31 12718102 d:ComputerEquipment 2022-08-01 2023-07-31 12718102 d:ComputerEquipment 2023-07-31 12718102 d:ComputerEquipment 2022-07-31 12718102 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12718102 d:CurrentFinancialInstruments 2023-07-31 12718102 d:CurrentFinancialInstruments 2022-07-31 12718102 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12718102 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12718102 d:ShareCapital 2023-07-31 12718102 d:ShareCapital 2022-07-31 12718102 d:RetainedEarningsAccumulatedLosses 2023-07-31 12718102 d:RetainedEarningsAccumulatedLosses 2022-07-31 12718102 c:FRS102 2022-08-01 2023-07-31 12718102 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12718102 c:FullAccounts 2022-08-01 2023-07-31 12718102 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12718102 2 2022-08-01 2023-07-31 12718102 6 2022-08-01 2023-07-31 12718102 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 12718102


HEYWILL LIMITED








UNAUDITED

PAGES FOR FILING WITH REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
HEYWILL LIMITED
REGISTERED NUMBER: 12718102

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
503
711

Investments
 5 
516
18,626

  
1,019
19,337

Current assets
  

Debtors: amounts falling due within one year
 6 
175
20,183

Cash at bank and in hand
 7 
84,465
111,192

  
84,640
131,375

Creditors: amounts falling due within one year
 8 
(18,244)
(64,849)

Net current assets
  
 
 
66,396
 
 
66,526

Total assets less current liabilities
  
67,415
85,863

  

Net assets
  
67,415
85,863


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
67,405
85,853

  
67,415
85,863


Page 1

 
HEYWILL LIMITED
REGISTERED NUMBER: 12718102
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

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 year 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 10 April 2024.




................................................
Mark Braybrook
Director

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

Page 2

 
HEYWILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

 The company is a private limited company, which is incorporated in the United Kingdom with company number 12718102. The registered office is 1 Vincent Square, London, SW1P 2PN.

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:

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.

 
2.3

Interest income

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

 
2.4

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.

Page 3

 
HEYWILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

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:

Computer equipment
-
20%

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

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 4

 
HEYWILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.


Employees

2023
2022
£
£

Wages and salaries
12,750
18,000

P11D - Class 1A NIC
280
262

13,030
18,262


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


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 August 2022
1,041



At 31 July 2023

1,041



Depreciation


At 1 August 2022
330


Charge for the year on owned assets
208



At 31 July 2023

538



Net book value



At 31 July 2023
503



At 31 July 2022
711

Page 5

 
HEYWILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 August 2022
18,625


Disposals
(18,108)



At 31 July 2023
517





6.


Debtors

2023
2022
£
£


Other debtors
175
20,183

175
20,183



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
84,465
111,192

84,465
111,192



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
900
-

Corporation tax
15,344
63,101

Accruals and deferred income
2,000
1,748

18,244
64,849


Page 6

 
HEYWILL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

9.


Related party transactions

Included within other debtors is an amount of £nil (2022: £20,010) owed to the company by Mr M Braybrook, a director of the company.

 
Page 7