Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2022-12-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11090861 2022-12-01 2023-11-30 11090861 2021-12-01 2022-11-30 11090861 2023-11-30 11090861 2022-11-30 11090861 c:Director1 2022-12-01 2023-11-30 11090861 d:Buildings d:ShortLeaseholdAssets 2022-12-01 2023-11-30 11090861 d:Buildings d:ShortLeaseholdAssets 2023-11-30 11090861 d:Buildings d:ShortLeaseholdAssets 2022-11-30 11090861 d:PlantMachinery 2022-12-01 2023-11-30 11090861 d:PlantMachinery 2023-11-30 11090861 d:PlantMachinery 2022-11-30 11090861 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11090861 d:FurnitureFittings 2022-12-01 2023-11-30 11090861 d:FurnitureFittings 2023-11-30 11090861 d:FurnitureFittings 2022-11-30 11090861 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11090861 d:OfficeEquipment 2022-12-01 2023-11-30 11090861 d:ComputerEquipment 2022-12-01 2023-11-30 11090861 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 11090861 d:CurrentFinancialInstruments 2023-11-30 11090861 d:CurrentFinancialInstruments 2022-11-30 11090861 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11090861 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 11090861 d:ShareCapital 2023-11-30 11090861 d:ShareCapital 2022-11-30 11090861 d:RetainedEarningsAccumulatedLosses 2023-11-30 11090861 d:RetainedEarningsAccumulatedLosses 2022-11-30 11090861 c:OrdinaryShareClass1 2022-12-01 2023-11-30 11090861 c:OrdinaryShareClass1 2023-11-30 11090861 c:FRS102 2022-12-01 2023-11-30 11090861 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 11090861 c:FullAccounts 2022-12-01 2023-11-30 11090861 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11090861 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11090861














WAKEFIELD LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

 
WAKEFIELD LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 5


 
WAKEFIELD LIMITED
REGISTERED NUMBER:11090861

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,828,997
2,005,075

Current assets
  

Debtors: amounts falling due within one year
 5 
125,577
16,926

Cash at bank and in hand
  
1,083
8,297

  
126,660
25,223

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(3,487,788)
(3,333,410)

Net current liabilities
  
 
 
(3,361,128)
 
 
(3,308,187)

  

Net liabilities
  
(1,532,131)
(1,303,112)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(1,532,132)
(1,303,113)

  
(1,532,131)
(1,303,112)


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 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 23 August 2024.


T H Shutes
Director

Page 1

 
WAKEFIELD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The company's legal form is that of a private limited liability company incorporated in England & Wales. The company's registered office is 2nd Floor Connaught House, 1-3 Mount Street (Entrance via Davies Street), London W1K 3NB and its principal place of business is Holwell Manor Barn, Holwell, Burford, Oxfordshire.
The principal activity of the company is that of the operation of art storage facilities.
The company's functional and presentational currency is £ Sterling.

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

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued financial support of a loan creditor who was  owed £3,383,430 (2022 - £3,314,220) at the Statement of Financial Position date. In the opinion of the director, the loan creditor will continue to provided such financial support as may be required to enable it to meet its liabilities for at least 12 months following the date of his approval of the financial statements and on this basis he has prepared the financial statements on a going concern basis. 

 
2.3

Revenue

Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.
Revenue is recognised in the period to which it relates.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

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 reporting date in the countries where the Company operates and generates income.

Page 2

 
WAKEFIELD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 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.

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:

Short-term leasehold property
-
Over period of lease
Plant and machinery
-
33%
Straight line
Fixtures and fittings
-
25%
Straight line
Office equipment
-
25%
Straight line
Computer equipment
-
25%
Straight line

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 the transaction price, 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.

 
2.9

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The director was the only employee during the current and preceding period. 

Page 3

 
WAKEFIELD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost


At 1 December 2022
2,286,092
522,844
5,531
2,814,467


Additions
11,050
-
-
11,050



At 30 November 2023

2,297,142
522,844
5,531
2,825,517



Depreciation


At 1 December 2022
392,458
414,351
2,583
809,392


Charge for the year on owned assets
120,619
65,225
1,284
187,128



At 30 November 2023

513,077
479,576
3,867
996,520



Net book value



At 30 November 2023
1,784,065
43,268
1,664
1,828,997



At 30 November 2022
1,893,634
108,493
2,948
2,005,075


5.


Debtors

2023
2022
£
£


Other debtors
89,666
6,272

Prepayments and accrued income
35,911
10,654

125,577
16,926


Page 4

 
WAKEFIELD LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
3,686

Other taxation and social security
12,164
-

Other creditors
3,466,817
3,317,664

Accruals and deferred income
8,807
12,060

3,487,788
3,333,410



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1


 
Page 5