Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31No description of principal activityfalsetrue2022-11-01false11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11011362 2022-11-01 2023-10-31 11011362 2021-11-01 2022-10-31 11011362 2023-10-31 11011362 2022-10-31 11011362 2021-11-01 11011362 c:Director2 2022-11-01 2023-10-31 11011362 d:MotorVehicles 2022-11-01 2023-10-31 11011362 d:MotorVehicles 2023-10-31 11011362 d:MotorVehicles 2022-10-31 11011362 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 11011362 d:OfficeEquipment 2022-11-01 2023-10-31 11011362 d:OfficeEquipment 2023-10-31 11011362 d:OfficeEquipment 2022-10-31 11011362 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 11011362 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 11011362 d:CurrentFinancialInstruments 2023-10-31 11011362 d:CurrentFinancialInstruments 2022-10-31 11011362 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11011362 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11011362 d:ShareCapital 2023-10-31 11011362 d:ShareCapital 2022-10-31 11011362 d:ShareCapital 2021-11-01 11011362 d:RevaluationReserve 2022-11-01 2023-10-31 11011362 d:RevaluationReserve 2023-10-31 11011362 d:RevaluationReserve 2021-11-01 2022-10-31 11011362 d:RevaluationReserve 2022-10-31 11011362 d:RevaluationReserve 2021-11-01 11011362 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 11011362 d:RetainedEarningsAccumulatedLosses 2023-10-31 11011362 d:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 11011362 d:RetainedEarningsAccumulatedLosses 2022-10-31 11011362 d:RetainedEarningsAccumulatedLosses 2021-11-01 11011362 c:FRS102 2022-11-01 2023-10-31 11011362 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11011362 c:FullAccounts 2022-11-01 2023-10-31 11011362 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11011362 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 11011362 d:AcceleratedTaxDepreciationDeferredTax 2022-10-31 11011362 2 2022-11-01 2023-10-31 11011362 5 2022-11-01 2023-10-31 11011362 6 2022-11-01 2023-10-31 11011362 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 11011362









IVY WALLS TRADING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
IVY WALLS TRADING LIMITED
REGISTERED NUMBER: 11011362

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
77,631
110,629

Investments
 5 
1,340,451
1,325,730

  
1,418,082
1,436,359

Current assets
  

Debtors: amounts falling due within one year
 6 
68,140
66,763

Cash at bank and in hand
 7 
574,233
1,188,395

  
642,373
1,255,158

Creditors: amounts falling due within one year
 8 
(124,512)
(1,037,543)

Net current assets
  
 
 
517,861
 
 
217,615

Total assets less current liabilities
  
1,935,943
1,653,974

Provisions for liabilities
  

Deferred tax
 9 
(7,284)
(9,909)

  
 
 
(7,284)
 
 
(9,909)

Net assets
  
1,928,659
1,644,065


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
(178,581)
(179,780)

Profit and loss account
  
2,107,140
1,823,745

  
1,928,659
1,644,065


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 period 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 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
Page 1

 
IVY WALLS TRADING LIMITED
REGISTERED NUMBER: 11011362
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

19 August 2024.




M Cunningham
Director

The notes on pages 5 to 12 form part of these financial statements.

Page 2

 
IVY WALLS TRADING LIMITED
 

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


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 November 2022
100
(179,780)
1,823,745
1,644,065


Comprehensive income for the period

Profit for the period
-
-
283,395
283,395

Surplus on revaluation of other fixed assets
-
1,199
-
1,199


At 31 October 2023
100
(178,581)
2,107,140
1,928,659


The notes on pages 5 to 12 form part of these financial statements.

Page 3

 
IVY WALLS TRADING LIMITED
 

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


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£

At 1 November 2021
100
49,189
1,285,134
1,334,423


Comprehensive income for the year

Profit for the year
-
-
538,611
538,611

Deficit on revaluation of other fixed assets
-
(228,969)
-
(228,969)


At 31 October 2022
100
(179,780)
1,823,745
1,644,065


The notes on pages 5 to 12 form part of these financial statements.

Page 4

 
IVY WALLS TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

Ivy Walls Trading Limited is a company incorporated in the United Kingdom under the Companies Act. The company is a private company limited by shares and is registered in England and Wales. The company's registered number is 11011362. The address of the registered office is 1 The Green, Richmond, TW9 1PL.

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

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 5

 
IVY WALLS TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

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 period 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 balance sheet 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 balance sheet 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 balance sheet date.

Page 6

 
IVY WALLS TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 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.

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:

Motor vehicles
-
25%
on a straight line basis
Office equipment
-
33%
on a straight line basis

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

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

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.

Page 7

 
IVY WALLS TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2022 - 1).

Page 8

 
IVY WALLS TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 November 2022
134,187
4,832
139,019


Additions
-
2,448
2,448



At 31 October 2023

134,187
7,280
141,467



Depreciation


At 1 November 2022
25,602
2,788
28,390


Charge for the period on owned assets
33,547
1,899
35,446



At 31 October 2023

59,149
4,687
63,836



Net book value



At 31 October 2023
75,038
2,593
77,631



At 31 October 2022
108,585
2,044
110,629

Page 9

 
IVY WALLS TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 November 2022
1,325,730


Additions
13,522


Revaluations
1,199



At 31 October 2023
1,340,451




                                                                                                                                                                                                                                                                                                                                                                                         

Page 10

 
IVY WALLS TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
68,140
66,745

Other debtors
-
18

68,140
66,763



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
574,233
1,188,395

574,233
1,188,395



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
121,540

Corporation tax
83,667
149,167

Other taxation and social security
23,857
16,022

Other creditors
16,238
750,064

Accruals and deferred income
750
750

124,512
1,037,543



9.


Deferred taxation




2023


£






At beginning of year
(9,909)


Charged to profit or loss
2,625



At end of year
(7,284)

Page 11

 
IVY WALLS TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023
 
9.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(7,284)
(9,909)

(7,284)
(9,909)

 
Page 12