Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false22023-01-01No description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01935094 2023-01-01 2023-12-31 01935094 2022-01-01 2022-12-31 01935094 2023-12-31 01935094 2022-12-31 01935094 2022-01-01 01935094 c:Director1 2023-01-01 2023-12-31 01935094 d:CurrentFinancialInstruments 2023-12-31 01935094 d:CurrentFinancialInstruments 2022-12-31 01935094 d:ShareCapital 2023-12-31 01935094 d:ShareCapital 2022-12-31 01935094 d:ShareCapital 2022-01-01 01935094 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 01935094 d:RetainedEarningsAccumulatedLosses 2023-12-31 01935094 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 01935094 d:RetainedEarningsAccumulatedLosses 2022-12-31 01935094 d:RetainedEarningsAccumulatedLosses 2022-01-01 01935094 c:FRS102 2023-01-01 2023-12-31 01935094 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01935094 c:FullAccounts 2023-01-01 2023-12-31 01935094 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01935094 d:Subsidiary1 2023-01-01 2023-12-31 01935094 d:Subsidiary1 1 2023-01-01 2023-12-31 01935094 d:Subsidiary2 2023-01-01 2023-12-31 01935094 d:Subsidiary2 1 2023-01-01 2023-12-31 01935094 6 2023-01-01 2023-12-31 01935094 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 01935094










 
WATSONS OF SALISBURY (HOLDINGS) LIMITED

UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Fletcher & Partners
Chartered Accountants
Salisbury

 
WATSONS OF SALISBURY (HOLDINGS) LIMITED
REGISTERED NUMBER:01935094

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
256,502
256,502

  
256,502
256,502

Current assets
  

Debtors: amounts falling due within one year
 5 
9,932
9,685

  
9,932
9,685

Total assets less current liabilities
  
 
 
266,434
 
 
266,187

  

Net assets
  
266,434
266,187


Capital and reserves
  

Called up share capital 
  
256,502
256,502

Profit and loss account
  
9,932
9,685

  
266,434
266,187


Page 1

 
WATSONS OF SALISBURY (HOLDINGS) LIMITED
REGISTERED NUMBER:01935094

BALANCE SHEET (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 comprehensive income 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: 




G J Annetts
Director

Date: 10 September 2024

The notes on pages 4 to 6 form part of these financial statements.

Page 2

 
WATSONS OF SALISBURY (HOLDINGS) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
256,502
9,438
265,940


Comprehensive income for the year

Profit for the year
-
3,451
3,451

Dividends: Equity capital
-
(3,204)
(3,204)



At 1 January 2023
256,502
9,685
266,187


Comprehensive income for the year

Profit for the year
-
3,451
3,451

Dividends: Equity capital
-
(3,204)
(3,204)


At 31 December 2023
256,502
9,932
266,434


The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
WATSONS OF SALISBURY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Watsons of Salisbury (Holdings) Ltd is a company limited by shares and incorporated in England and Wales, registered number 01935094. The registered office is Crown Chambers, Bridge Street, Salisbury, SP1 2LZ. 

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

Going concern

The directors assess whether the use of going concern basis is appropriate, i.e. whether there are material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future.

 
2.3

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

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 2 (2022 - 2).

Page 4

 
WATSONS OF SALISBURY (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
256,502



At 31 December 2023
256,502





Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Class of shares

Holding

Watsons of Salisbury Limited
Ordinary shares
86%
Watsons of Salisbury Limited
Preference shares
100%

The registered office of Watsons of Salisbury Limited is Crown Chambers, Bridge Street, Salisbury, SP1 2LZ.

The aggregate of the share capital and reserves as at 31 December 2023 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Watsons of Salisbury Limited
580,226
(22,946)

-
-

Page 5

 
WATSONS OF SALISBURY (HOLDINGS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
9,932
9,685

9,932
9,685



6.


Related party transactions

Included in debtors is £9,932 (2022: £9,685) owed from Watsons of Salisbury Limited, a subsidiary undertaking. The loan is interest free and repayable on demand.


Page 6