Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31true22022-04-05Activities of other holding companies not elsewhere classifiedfalsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14026305 2022-04-04 14026305 2022-04-05 2023-08-31 14026305 2021-04-05 2022-04-04 14026305 2023-08-31 14026305 c:Director1 2022-04-05 2023-08-31 14026305 d:CurrentFinancialInstruments 2023-08-31 14026305 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 14026305 d:ShareCapital 2022-04-05 2023-08-31 14026305 d:ShareCapital 2023-08-31 14026305 d:RetainedEarningsAccumulatedLosses 2022-04-05 2023-08-31 14026305 d:RetainedEarningsAccumulatedLosses 2023-08-31 14026305 c:OrdinaryShareClass1 2022-04-05 2023-08-31 14026305 c:OrdinaryShareClass1 2023-08-31 14026305 c:OrdinaryShareClass2 2022-04-05 2023-08-31 14026305 c:OrdinaryShareClass2 2023-08-31 14026305 c:FRS102 2022-04-05 2023-08-31 14026305 c:AuditExempt-NoAccountantsReport 2022-04-05 2023-08-31 14026305 c:FullAccounts 2022-04-05 2023-08-31 14026305 c:PrivateLimitedCompanyLtd 2022-04-05 2023-08-31 14026305 2 2022-04-05 2023-08-31 14026305 6 2022-04-05 2023-08-31 14026305 e:PoundSterling 2022-04-05 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14026305










WOODBRIDGE LONDON LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2023

 
WOODBRIDGE LONDON LTD
REGISTERED NUMBER: 14026305

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
Note
£

Fixed assets
  

Investments
 4 
100

Current assets
  

Debtors: amounts falling due within one year
 5 
11,722

Cash at bank and in hand
  
100

  
11,822

Creditors: amounts falling due within one year
 6 
(10,084)

Net current assets
  
 
 
1,738

  

Net assets
  
1,838


Capital and reserves
  

Called up share capital 
 7 
100

Profit and loss account
  
1,738

  
1,838


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 period 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 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: 




D J Norman
Director

Date: 13 April 2024

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

Page 1

 
WOODBRIDGE LONDON LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 AUGUST 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period
-
31,738
31,738


Contributions by and distributions to owners

Dividends: Equity capital
-
(30,000)
(30,000)

Shares issued during the period
100
-
100


At 31 August 2023
100
1,738
1,838

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

Page 2

 
WOODBRIDGE LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

1.


General information

Woodbridge London Limited is a private company limited by shares incorporated in England and Wales. The registered office address is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.
The Company was incorporated on 5 April 2022 and these are the first set of financial statements for the period from incorporation to 31 August 2023.

2.Accounting policies

  
2.1

Basis of preparation of financial statements

 
2.2

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 Company's functional and presentational currency is GBP, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.3

Going concern

The shareholders have indicated that they will continue to provide further financial support, as is
necessary, to enable the Company to meet its liabilites as they fall due, over a period of at least 12
months from the date of approval of these accounts. As such these accounts have been prepared
under the going concern basis. 

 
2.4

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.

 
2.5

Interest income

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

Page 3

 
WOODBRIDGE LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
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.

 
2.11

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.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

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 4

 
WOODBRIDGE LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 5

 
WOODBRIDGE LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
100



At 31 August 2023
100





5.


Debtors

2023
£


Amounts owed by group undertakings
11,722

11,722



6.


Creditors: Amounts falling due within one year

2023
£

Other taxation and social security
5,892

Accruals and deferred income
4,192

10,084


Page 6

 
WOODBRIDGE LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

7.


Share capital

2023
£
Allotted, called up and fully paid


99 A Ordinary shares of £1.00 each
99
1 B Ordinary share of £1.00 each  
1

100


During the period, 99 A ordinary shares of £1 each and 1 B ordinary share of £1 each were issued, allotted and paid at par for cash consideration.

 
Page 7