Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03548004 2023-02-01 2024-01-31 03548004 2022-02-01 2023-01-31 03548004 2024-01-31 03548004 2023-01-31 03548004 c:Director1 2023-02-01 2024-01-31 03548004 c:Director2 2023-02-01 2024-01-31 03548004 c:RegisteredOffice 2023-02-01 2024-01-31 03548004 d:FreeholdInvestmentProperty 2024-01-31 03548004 d:FreeholdInvestmentProperty 2023-01-31 03548004 d:CurrentFinancialInstruments 2024-01-31 03548004 d:CurrentFinancialInstruments 2023-01-31 03548004 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 03548004 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 03548004 d:ShareCapital 2024-01-31 03548004 d:ShareCapital 2023-01-31 03548004 d:RetainedEarningsAccumulatedLosses 2024-01-31 03548004 d:RetainedEarningsAccumulatedLosses 2023-01-31 03548004 c:FRS102 2023-02-01 2024-01-31 03548004 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 03548004 c:FullAccounts 2023-02-01 2024-01-31 03548004 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 03548004 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 03548004







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024


ST WILFRIDS DEVELOPMENT COMPANY LIMITED






































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ST WILFRIDS DEVELOPMENT COMPANY LIMITED
 


 
COMPANY INFORMATION


Directors
Mr P A K Jeffery 
Mr C Griffin 




Registered number
03548004



Registered office
Stable Cockaynes Lane
Alresford

Colchester

Essex

CO7 8BZ




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


ST WILFRIDS DEVELOPMENT COMPANY LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5


 


ST WILFRIDS DEVELOPMENT COMPANY LIMITED
REGISTERED NUMBER:03548004



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
330,000
330,000

  
330,000
330,000

Current assets
  

Debtors: amounts falling due within one year
 5 
144,732
142,371

Cash at bank and in hand
  
123
4,939

  
144,855
147,310

Creditors: amounts falling due within one year
 6 
(417,903)
(403,936)

Net current liabilities
  
 
 
(273,048)
 
 
(256,626)

Total assets less current liabilities
  
56,952
73,374

  

Net assets
  
56,952
73,374

Page 1

 


ST WILFRIDS DEVELOPMENT COMPANY LIMITED
REGISTERED NUMBER:03548004


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
82
82

Profit and loss account
  
56,870
73,292

  
56,952
73,374


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 by: 




Mr P A K Jeffery
Director

Date: 17 September 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 


ST WILFRIDS DEVELOPMENT COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

St Wilfrids Development Company Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

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

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.3

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.

 
2.4

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.

 
2.5

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 3

 


ST WILFRIDS DEVELOPMENT COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

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.

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
330,000



At 31 January 2024
330,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.







Page 4

 


ST WILFRIDS DEVELOPMENT COMPANY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Other debtors
144,732
142,371

144,732
142,371



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
416,253
400,366

Accruals and deferred income
1,650
3,570

417,903
403,936



7.


Related party transactions

At the period end date amounts owed to the directors amounted to £416,253 (2023 £400,365). This amount is undated and interest free.
At the period end date amounts owed to group companies totalled £144,732 (2023 £142,289). This amount is undated and interest free.

 
Page 5