Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31false12022-09-01falseNo description of principal activity5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05392485 2022-09-01 2023-08-31 05392485 2021-06-01 2022-08-31 05392485 2023-08-31 05392485 2022-08-31 05392485 c:Director1 2022-09-01 2023-08-31 05392485 d:FurnitureFittings 2022-09-01 2023-08-31 05392485 d:OfficeEquipment 2022-09-01 2023-08-31 05392485 d:CurrentFinancialInstruments 2023-08-31 05392485 d:CurrentFinancialInstruments 2022-08-31 05392485 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 05392485 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 05392485 d:ShareCapital 2023-08-31 05392485 d:ShareCapital 2022-08-31 05392485 d:RetainedEarningsAccumulatedLosses 2023-08-31 05392485 d:RetainedEarningsAccumulatedLosses 2022-08-31 05392485 c:EntityNoLongerTradingButTradedInPast 2022-09-01 2023-08-31 05392485 c:FRS102 2022-09-01 2023-08-31 05392485 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 05392485 c:FullAccounts 2022-09-01 2023-08-31 05392485 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 05392485 2 2022-09-01 2023-08-31 05392485 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 05392485










BYWATER DEVELOPMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
BYWATER DEVELOPMENTS LIMITED
REGISTERED NUMBER: 05392485

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
  
-
1

  
-
1

Current assets
  

Debtors: amounts falling due within one year
 4 
2,581
28,277

  
2,581
28,277

Creditors: amounts falling due within one year
 5 
(2,579)
(17,080)

Net current assets
  
 
 
2
 
 
11,197

Total assets less current liabilities
  
2
11,198

  

Net assets
  
2
11,198


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
-
11,196

  
2
11,198


Page 1

 
BYWATER DEVELOPMENTS LIMITED
REGISTERED NUMBER: 05392485
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2023

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 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 29 August 2024.




D S Gharial
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BYWATER DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.Accounting policies

 
1.1

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:

 
1.2

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.

 
1.3

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.

 
1.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
1.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
BYWATER DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.Accounting policies (continued)

 
1.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
1.8

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.

 
1.9

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance

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.

 
1.10

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 4

 
BYWATER DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.Accounting policies (continued)

 
1.11

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.

 
1.12

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.


2.


General information

Bywater Developments Limited is a private company, limited by shares and incorporated in England.
Its registered number is: 05392485
The address of it's registered office is:
93 Tavistock Street
Bedford
MK40 2RR


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 5).


4.


Debtors

2023
2022
£
£


Trade debtors
-
17,147

Amounts owed by group undertakings
-
10,915

Other debtors
2,581
215

2,581
28,277


Page 5

 
BYWATER DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
100

Amounts owed to group undertakings
2,579
-

Corporation tax
-
8,418

Other taxation and social security
-
7,313

Other creditors
-
49

Accruals and deferred income
-
1,200

2,579
17,080



6.


Controlling party

The controlling party of the Company is D S Gharial by virtue of his shareholding in Naanak Holdings Ltd, the Company's parent company.

 
Page 6