Caseware UK (AP4) 2023.0.135 2023.0.135 false22023-05-01No description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11023033 2023-05-01 2024-04-30 11023033 2022-05-01 2023-04-30 11023033 2024-04-30 11023033 2023-04-30 11023033 c:Director2 2023-05-01 2024-04-30 11023033 d:OfficeEquipment 2023-05-01 2024-04-30 11023033 d:OfficeEquipment 2024-04-30 11023033 d:OfficeEquipment 2023-04-30 11023033 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11023033 d:CurrentFinancialInstruments 2024-04-30 11023033 d:CurrentFinancialInstruments 2023-04-30 11023033 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11023033 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11023033 d:ShareCapital 2024-04-30 11023033 d:ShareCapital 2023-04-30 11023033 d:RetainedEarningsAccumulatedLosses 2024-04-30 11023033 d:RetainedEarningsAccumulatedLosses 2023-04-30 11023033 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 11023033 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 11023033 c:FRS102 2023-05-01 2024-04-30 11023033 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11023033 c:FullAccounts 2023-05-01 2024-04-30 11023033 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11023033 2 2023-05-01 2024-04-30 11023033 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure


















Waypoint Corporate Finance Limited























Unaudited

Financial statements



For the year ended 30 April 2024



Registered number: 11023033

 
Waypoint Corporate Finance Limited - Registered number:11023033


Statement of financial position
As at 30 April 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
529
1,518

Current assets
  

Debtors: amounts falling due within one year
 5 
109,892
1,731,426

Cash at bank and in hand
  
26,390
199,565

  
136,282
1,930,991

Creditors: amounts falling due within one year
 6 
(38,021)
(1,926,911)

Net current assets
  
 
 
98,261
 
 
4,080

Total assets less current liabilities
  
98,790
5,598

Provisions for liabilities
  

Deferred tax
 7 
(248)
(380)

Net assets
  
98,542
5,218


Capital and reserves
  

Share capital
  
5,000
5,000

Profit and loss account
  
93,542
218

  
98,542
5,218


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.
Page 1

 
Waypoint Corporate Finance Limited - Registered number:11023033


Statement of financial position (continued)
As at 30 April 2024


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: 




O T J Stevens
Director

Date: 2 August 2024

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

Page 2

 
Waypoint Corporate Finance Limited
 
 

Notes to the financial statements
For the year ended 30 April 2024

1.


General information

Waypoint Corporate Finance Limited is a private company limited by shares and incorporated in England and Wales. The registered office is C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL. Its registered number is 11023033.

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 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 judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
Waypoint Corporate Finance Limited
 

Notes to the financial statements
For the year ended 30 April 2024

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:

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

Interest income

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

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
Waypoint Corporate Finance Limited
 

Notes to the financial statements
For the year ended 30 April 2024

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.

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:

Office equipment
-
33%

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

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
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

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.

 
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.

Page 5

 
Waypoint Corporate Finance Limited
 
 

Notes to the financial statements
For the year ended 30 April 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost


At 1 May 2023
2,966



At 30 April 2024

2,966



Depreciation


At 1 May 2023
1,448


Charge for the year on owned assets
989



At 30 April 2024

2,437



Net book value



At 30 April 2024
529



At 30 April 2023
1,518


5.


Debtors

2024
2023
£
£


Trade debtors
24,000
60,000

Amounts owed by group undertakings
81,824
1,663,524

Other debtors
-
3,145

Prepayments and accrued income
4,068
4,757

109,892
1,731,426


Page 6

 
Waypoint Corporate Finance Limited
 
 

Notes to the financial statements
For the year ended 30 April 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,814
394

Other taxation and social security
27,607
52,008

Accruals and deferred income
3,600
1,874,509

38,021
1,926,911



7.


Deferred taxation




2024


£






At beginning of year
(380)


Charged to profit or loss
132



At end of year
(248)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(248)
(380)

(248)
(380)


8.


Controlling party

The immediate and ultimate parent undertaking of the company is Waypoint Partners Limited, a company with the same registered office as the company.


Page 7