Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-11-01falseNo description of principal activity22true 04214973 2022-11-01 2023-10-31 04214973 2021-11-01 2022-10-31 04214973 2023-10-31 04214973 2022-10-31 04214973 2021-11-01 04214973 c:Director1 2022-11-01 2023-10-31 04214973 d:PlantMachinery 2022-11-01 2023-10-31 04214973 d:PlantMachinery 2023-10-31 04214973 d:PlantMachinery 2022-10-31 04214973 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 04214973 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 04214973 d:MotorVehicles 2022-11-01 2023-10-31 04214973 d:MotorVehicles 2023-10-31 04214973 d:MotorVehicles 2022-10-31 04214973 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 04214973 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 04214973 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 04214973 d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 04214973 d:CurrentFinancialInstruments 2023-10-31 04214973 d:CurrentFinancialInstruments 2022-10-31 04214973 d:Non-currentFinancialInstruments 2023-10-31 04214973 d:Non-currentFinancialInstruments 2022-10-31 04214973 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 04214973 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 04214973 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 04214973 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 04214973 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 04214973 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-10-31 04214973 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 04214973 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 04214973 d:ShareCapital 2022-11-01 2023-10-31 04214973 d:ShareCapital 2023-10-31 04214973 d:ShareCapital 2021-11-01 2022-10-31 04214973 d:ShareCapital 2022-10-31 04214973 d:ShareCapital 2021-11-01 04214973 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 04214973 d:RetainedEarningsAccumulatedLosses 2023-10-31 04214973 d:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 04214973 d:RetainedEarningsAccumulatedLosses 2022-10-31 04214973 d:RetainedEarningsAccumulatedLosses 2021-11-01 04214973 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-31 04214973 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-10-31 04214973 c:FRS102 2022-11-01 2023-10-31 04214973 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04214973 c:FullAccounts 2022-11-01 2023-10-31 04214973 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04214973 2 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 04214973









WOLVESACRE DEVELOPMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
WOLVESACRE DEVELOPMENTS LIMITED
REGISTERED NUMBER: 04214973

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
23,742
28,530

  
23,742
28,530

Current assets
  

Debtors: amounts falling due within one year
 5 
718,081
605,141

Cash at bank and in hand
 6 
32,495
139,172

  
750,576
744,313

Creditors: amounts falling due within one year
 7 
(102,839)
(266,222)

Net current assets
  
 
 
647,737
 
 
478,091

Total assets less current liabilities
  
671,479
506,621

Creditors: amounts falling due after more than one year
 8 
(9,208)
(14,733)

  

Net assets
  
662,271
491,888


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
662,171
491,788

  
662,271
491,888


Page 1

 
WOLVESACRE DEVELOPMENTS LIMITED
REGISTERED NUMBER: 04214973
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 profit and loss account 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: 



Stephen Bennett
Director

Date: 1 August 2024

The notes on pages 5 to 10 form part of these financial statements.

Page 2

 
WOLVESACRE DEVELOPMENTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2022
100
491,788
491,888


Comprehensive income for the year

Profit for the year

-
236,383
236,383


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
236,383
236,383

Dividends: Equity capital
-
(66,000)
(66,000)


Total transactions with owners
-
(66,000)
(66,000)


At 31 October 2023
100
662,171
662,271


The notes on pages 5 to 10 form part of these financial statements.

Page 3

 
WOLVESACRE DEVELOPMENTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 November 2021
100
284,509
284,609


Comprehensive income for the year

Profit for the year

-
276,279
276,279


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
276,279
276,279

Dividends: Equity capital
-
(69,000)
(69,000)


Total transactions with owners
-
(69,000)
(69,000)


At 31 October 2022
100
491,788
491,888


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
WOLVESACRE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Wolvesacre Developments Limited is a private company limited by shares and incorporated in England and Wales. The registered office of the company is Llethr Mill, Agden, Whitchurch, Shropshire SY13 4RE.

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 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.

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

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
WOLVESACRE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

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:

Plant and machinery
-
25%
on reducing balance
Motor vehicles
-
25%
on 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.

 
2.7

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

Financial instruments

Page 6

 
WOLVESACRE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

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 Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

 
2.11

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 the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
2
2

Page 7

 
WOLVESACRE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 November 2022
25,464
51,661
77,125


Additions
759
5,833
6,592


Disposals
(3,732)
(28,179)
(31,911)



At 31 October 2023

22,491
29,315
51,806



Depreciation


At 1 November 2022
23,331
25,264
48,595


Charge for the year on owned assets
709
(24,774)
(24,065)


Charge for the year on financed assets
(3,672)
7,206
3,534



At 31 October 2023

20,368
7,696
28,064



Net book value



At 31 October 2023
2,123
21,619
23,742



At 31 October 2022
2,133
26,397
28,530

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:






5.


Debtors

2023
2022
£
£


Other debtors
718,081
605,141

718,081
605,141


Page 8

 
WOLVESACRE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
32,495
139,172

32,495
139,172



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,525
5,525

Corporation tax
63,113
155,368

Other taxation and social security
26,101
4,170

Other creditors
7,500
100,759

Accruals and deferred income
600
400

102,839
266,222



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
9,208
14,733

9,208
14,733


Page 9

 
WOLVESACRE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,525
5,525


5,525
5,525

Amounts falling due 1-2 years

Bank loans
9,208
11,050


9,208
11,050

Amounts falling due 2-5 years

Bank loans
-
3,683


-
3,683


14,733
20,258



10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
32,495
139,172



Page 10