Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-3002022-12-01falseSales agent0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12324648 2022-12-01 2023-11-30 12324648 2021-12-01 2022-11-30 12324648 2023-11-30 12324648 2022-11-30 12324648 c:Director1 2022-12-01 2023-11-30 12324648 d:FurnitureFittings 2022-12-01 2023-11-30 12324648 d:FurnitureFittings 2023-11-30 12324648 d:FurnitureFittings 2022-11-30 12324648 d:CurrentFinancialInstruments 2023-11-30 12324648 d:CurrentFinancialInstruments 2022-11-30 12324648 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12324648 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12324648 d:ShareCapital 2023-11-30 12324648 d:ShareCapital 2022-11-30 12324648 d:RetainedEarningsAccumulatedLosses 2023-11-30 12324648 d:RetainedEarningsAccumulatedLosses 2022-11-30 12324648 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-11-30 12324648 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-11-30 12324648 c:FRS102 2022-12-01 2023-11-30 12324648 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12324648 c:FullAccounts 2022-12-01 2023-11-30 12324648 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12324648 2 2022-12-01 2023-11-30 12324648 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 12324648









WILLAN PARTNERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
WILLAN PARTNERS LIMITED
REGISTERED NUMBER: 12324648

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
39,394
4,888

Cash at bank and in hand
 6 
1,216
715

  
40,610
5,603

Creditors: amounts falling due within one year
 7 
(29,348)
(4,831)

Net current assets
  
 
 
11,262
 
 
772

Total assets less current liabilities
  
11,262
772

  

Net assets
  
11,262
772


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
11,062
572

  
11,262
772

Page 1

 
WILLAN PARTNERS LIMITED
REGISTERED NUMBER: 12324648
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 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 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 on 28 August 2024.




................................................
Richard Willan
Director

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

Page 2

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

1.


General information

Willan Partners Limited is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of acting as a sales agent in the oil industry and consultancy.

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 the Republic of Ireland and the Companies Act 2006.

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

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 balance sheet date in the countries where the Company operates and generates income.

Page 3

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

2.Accounting policies (continued)

 
2.5

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:

Fixtures and fittings
-
33% 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.

 
2.6

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.

 
2.7

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.

 
2.8

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.
Page 4

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

2.Accounting policies (continued)

 
2.9

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.

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.

 
2.10

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

Page 5

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

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 December 2022
1,500



At 30 November 2023

1,500



Depreciation


At 1 December 2022
1,500



At 30 November 2023

1,500



Net book value



At 30 November 2023
-



At 30 November 2022
-


5.


Debtors

2023
2022
£
£


Trade debtors
37,381
18

Other debtors
1,825
4,691

Prepayments and accrued income
188
179

39,394
4,888




Included within other debtors is a loan to Richard and Sara Willan, the directors, amounting to £Nil (2022 - £3,128).



Page 6

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

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,216
715

1,216
715



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
962
1,589

Corporation tax
6,574
346

Other taxation and social security
4,926
1,747

Other creditors
15,741
4

Accruals and deferred income
1,145
1,145

29,348
4,831


Included within other creditors is a loan to Richard and Sara Willan, the directors, amounting to £15,606  (2022 - £Nil).


8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,216
715




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


9.


Controlling party

The Company is controlled by the directors, Richard and Sara Willan, by virtue of their shareholding, as described in the directors' report.

 
Page 7