Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC687504 2023-01-01 2023-12-31 SC687504 2022-01-01 2022-12-31 SC687504 2023-12-31 SC687504 2022-12-31 SC687504 c:Director1 2023-01-01 2023-12-31 SC687504 c:Director2 2023-01-01 2023-12-31 SC687504 c:Director2 2023-12-31 SC687504 c:RegisteredOffice 2023-01-01 2023-12-31 SC687504 d:CurrentFinancialInstruments 2023-12-31 SC687504 d:CurrentFinancialInstruments 2022-12-31 SC687504 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC687504 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC687504 d:ShareCapital 2023-12-31 SC687504 d:ShareCapital 2022-12-31 SC687504 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC687504 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC687504 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC687504 c:OrdinaryShareClass1 2023-12-31 SC687504 c:OrdinaryShareClass1 2022-12-31 SC687504 c:FRS102 2023-01-01 2023-12-31 SC687504 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC687504 c:FullAccounts 2023-01-01 2023-12-31 SC687504 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC687504 6 2023-01-01 2023-12-31 SC687504 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC687504










WATERMANS LEGAL HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
WATERMANS LEGAL HOLDINGS LIMITED
 

COMPANY INFORMATION


Directors
Mr S D D Whyte 
Mr J P Dillon (appointed 5 April 2024)




Registered number
SC687504



Registered office
5-10 Dock Place

Edinburgh

EH6 6LU




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
WATERMANS LEGAL HOLDINGS LIMITED
REGISTERED NUMBER: SC687504

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Investments
 4 
5,947,251
5,947,251

  
5,947,251
5,947,251

Current assets
  

Debtors: amounts falling due within one year
 5 
34,506
15,162

Cash at bank and in hand
  
105,480
30,115

  
139,986
45,277

Creditors: amounts falling due within one year
 6 
(40,720)
(40,000)

Net current assets
  
 
 
99,266
 
 
5,277

Total assets less current liabilities
  
6,046,517
5,952,528

  

Net assets
  
6,046,517
5,952,528


Capital and reserves
  

Called up share capital 
 7 
5,942,250
5,942,250

Profit and loss account
  
104,267
10,278

  
6,046,517
5,952,528


Page 1

 
WATERMANS LEGAL HOLDINGS LIMITED
REGISTERED NUMBER: SC687504

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 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 21 August 2024.




Mr S D D Whyte
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
WATERMANS LEGAL HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Watermans Legal Holdings Limited is a private company, limited by shares, incorporated in Scotland with registration number SC687504. The registered office address is 5-10 Dock Place, Edinburgh, EH6 6LU.
The financial statements are presented in Sterling, which is the functional currency of the Company, and rounded to the nearest £.

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

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 Statement of financial position 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.

 
2.4

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

Page 3

 
WATERMANS LEGAL HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
5,947,251



At 31 December 2023
5,947,251





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
34,406
15,062

Other debtors
100
100

34,506
15,162



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
40,000
40,000

Accruals and deferred income
720
-

40,720
40,000



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



5,942,250 (2022 - 5,942,250) Ordinary shares of £1.00 each
5,942,250
5,942,250



Page 4