Caseware UK (AP4) 2023.0.135 2023.0.135 0No description of principal activity0falsefalse2023-01-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13164559 2023-01-01 2023-12-31 13164559 2022-01-01 2022-12-31 13164559 2023-12-31 13164559 2022-12-31 13164559 c:Director2 2023-01-01 2023-12-31 13164559 d:CurrentFinancialInstruments 2023-12-31 13164559 d:CurrentFinancialInstruments 2022-12-31 13164559 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13164559 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13164559 d:RetainedEarningsAccumulatedLosses 2023-12-31 13164559 d:RetainedEarningsAccumulatedLosses 2022-12-31 13164559 c:FRS102 2023-01-01 2023-12-31 13164559 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13164559 c:FullAccounts 2023-01-01 2023-12-31 13164559 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13164559 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 13164559











Wellington F5 (UK) Limited
Unaudited
Financial statements
Information for filing with the registrar
For the Year Ended 31 December 2023

















Coveney Nicholls Limited
Chartered Accountants
The Old Wheel House
31/37 Church Street
Reigate
Surrey
UK
RH2 0AD

 
Wellington F5 (UK) Limited
Registered number:13164559

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
178,129
1,438,796

  
178,129
1,438,796

Creditors: amounts falling due within one year
 5 
(187,453)
(1,443,953)

Net current liabilities
  
 
 
(9,324)
 
 
(5,157)

Total assets less current liabilities
  
(9,324)
(5,157)

  

Net liabilities
  
(9,324)
(5,157)


Capital and reserves
  

Profit and loss account
  
(9,324)
(5,157)

  
(9,324)
(5,157)


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.

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 on 16 August 2024.




Marvin Young
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
Wellington F5 (UK) Limited
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Great James Street, London, WC1N 3ES.

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

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.

 
2.3

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.

 
2.4

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 Balance Sheet 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.

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 with the operating cycle fall into this category of financial instruments.

Other financial assets

Page 2

 
Wellington F5 (UK) Limited
 
 
Notes to the Financial Statements

For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.4
Financial instruments (continued)

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
178,129
1,438,796

178,129
1,438,796



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
184,813
1,439,893

Accruals and deferred income
2,640
4,060

187,453
1,443,953



6.


Controlling party

The company is wholly owned subsidiary of Adcentric Enterprises LLC, 500 South Airport Boulevard South, San Francisco California, CA 94080.

 
Page 3