Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-314666The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.6No description of principal activity2023-04-01falsefalsefalsetrue 04619877 2023-04-01 2024-03-31 04619877 2022-04-01 2023-03-31 04619877 2024-03-31 04619877 2023-03-31 04619877 2022-04-01 04619877 c:Director1 2023-04-01 2024-03-31 04619877 c:Director2 2023-04-01 2024-03-31 04619877 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 04619877 d:Buildings d:ShortLeaseholdAssets 2024-03-31 04619877 d:Buildings d:ShortLeaseholdAssets 2023-03-31 04619877 d:MotorVehicles 2023-04-01 2024-03-31 04619877 d:MotorVehicles 2024-03-31 04619877 d:MotorVehicles 2023-03-31 04619877 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04619877 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04619877 d:OfficeEquipment 2023-04-01 2024-03-31 04619877 d:OfficeEquipment 2024-03-31 04619877 d:OfficeEquipment 2023-03-31 04619877 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04619877 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04619877 d:ComputerEquipment 2023-04-01 2024-03-31 04619877 d:ComputerEquipment 2024-03-31 04619877 d:ComputerEquipment 2023-03-31 04619877 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04619877 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04619877 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04619877 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04619877 d:CurrentFinancialInstruments 2024-03-31 04619877 d:CurrentFinancialInstruments 2023-03-31 04619877 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04619877 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04619877 d:ShareCapital 2023-04-01 2024-03-31 04619877 d:ShareCapital 2024-03-31 04619877 d:ShareCapital 2022-04-01 2023-03-31 04619877 d:ShareCapital 2023-03-31 04619877 d:ShareCapital 2022-04-01 04619877 d:CapitalRedemptionReserve 2023-04-01 2024-03-31 04619877 d:CapitalRedemptionReserve 2024-03-31 04619877 d:CapitalRedemptionReserve 2022-04-01 2023-03-31 04619877 d:CapitalRedemptionReserve 2023-03-31 04619877 d:CapitalRedemptionReserve 2022-04-01 04619877 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 04619877 d:OtherMiscellaneousReserve 2024-03-31 04619877 d:OtherMiscellaneousReserve 2022-04-01 2023-03-31 04619877 d:OtherMiscellaneousReserve 2023-03-31 04619877 d:OtherMiscellaneousReserve 2022-04-01 04619877 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 04619877 d:RetainedEarningsAccumulatedLosses 2024-03-31 04619877 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 04619877 d:RetainedEarningsAccumulatedLosses 2023-03-31 04619877 d:RetainedEarningsAccumulatedLosses 2022-04-01 04619877 c:OrdinaryShareClass1 2023-04-01 2024-03-31 04619877 c:OrdinaryShareClass1 2024-03-31 04619877 c:OrdinaryShareClass1 2023-03-31 04619877 c:OrdinaryShareClass2 2023-04-01 2024-03-31 04619877 c:OrdinaryShareClass2 2024-03-31 04619877 c:OrdinaryShareClass2 2023-03-31 04619877 c:OrdinaryShareClass3 2023-04-01 2024-03-31 04619877 c:OrdinaryShareClass3 2024-03-31 04619877 c:OrdinaryShareClass3 2023-03-31 04619877 c:OrdinaryShareClass5 2023-04-01 2024-03-31 04619877 c:OrdinaryShareClass5 2024-03-31 04619877 c:OrdinaryShareClass5 2023-03-31 04619877 c:FRS102 2023-04-01 2024-03-31 04619877 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04619877 c:FullAccounts 2023-04-01 2024-03-31 04619877 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04619877 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04619877 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04619877 2 2023-04-01 2024-03-31 04619877 6 2023-04-01 2024-03-31 04619877 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 04619877 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 04619877 d:LeasedAssetsHeldAsLessee 2024-03-31 04619877 d:LeasedAssetsHeldAsLessee 2023-03-31 04619877 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 04619877














WATERS WYE ASSOCIATES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
WATERS WYE ASSOCIATES LIMITED
REGISTERED NUMBER:04619877

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note

FIXED ASSETS
  

Tangible assets
 4 
11,732
29,244

Investments
 5 
2,061,271
1,359,466

  
2,073,003
1,388,710

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
399,044
307,008

Cash at bank and in hand
  
370,654
853,237

  
769,698
1,160,245

Creditors: amounts falling due within one year
 7 
(602,160)
(459,679)

NET CURRENT ASSETS
  
 
 
167,538
 
 
700,566

TOTAL ASSETS LESS CURRENT LIABILITIES
  
2,240,541
2,089,276

PROVISIONS FOR LIABILITIES
  

Deferred tax
 8 
(24,520)
(7,194)

  
 
 
(24,520)
 
 
(7,194)

NET ASSETS
  
£2,216,021
£2,082,082


CAPITAL AND RESERVES
  

Called up share capital 
 9 
211
211

Capital redemption reserve
 10 
90
90

Other reserves
 10 
64,761
-

Profit and loss account
 10 
2,150,959
2,081,781

  
£2,216,021
£2,082,082


Page 1

 
WATERS WYE ASSOCIATES LIMITED
REGISTERED NUMBER:04619877

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

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 on 19 September 2024.




................................................
Mrs L K Waters
................................................
Mr N M Wye
Director
Director

The notes on pages 5 to 11 form part of these financial statements.

Page 2

 
WATERS WYE ASSOCIATES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Capital redemption reserve
Other reserves
Profit and loss account
Total equity

At 1 April 2023
211
90
-
2,081,781
2,082,082


COMPREHENSIVE INCOME FOR THE YEAR

Profit for the year
-
-
-
867,479
867,479
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
-
-
-
867,479
867,479


CONTRIBUTIONS BY AND DISTRIBUTIONS TO OWNERS

Dividends: Equity capital
-
-
-
(733,540)
(733,540)

Transfer to/from profit and loss account
-
-
64,761
(64,761)
-


TOTAL TRANSACTIONS WITH OWNERS
-
-
64,761
(798,301)
(733,540)


AT 31 MARCH 2024
£211
£90
£64,761
£2,150,959
£2,216,021


The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
WATERS WYE ASSOCIATES LIMITED
 

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


Called up share capital
Capital redemption reserve
Other reserves
Profit and loss account
Total equity

At 1 April 2022
211
90
90,329
1,823,373
1,914,003


COMPREHENSIVE INCOME FOR THE YEAR

Profit for the year
-
-
-
801,698
801,698
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
-
-
-
801,698
801,698


CONTRIBUTIONS BY AND DISTRIBUTIONS TO OWNERS

Dividends: Equity capital
-
-
-
(633,619)
(633,619)

Transfer to/from profit and loss account
-
-
(90,329)
90,329
-


TOTAL TRANSACTIONS WITH OWNERS
-
-
(90,329)
(543,290)
(633,619)


AT 31 MARCH 2023
£211
£90
£-
£2,081,781
£2,082,082


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
WATERS WYE ASSOCIATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Waters Wye Associates Limited is a private company, limited by shares, incorporated in England and Wales. 
The registered number is 04619877.
The registered office is 13 Thornton Hill, London, SW19 4HU.

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 financial statements are presented in UK Sterling pounds (£) and rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

Page 5

 
WATERS WYE ASSOCIATES LIMITED
 

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

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year 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.

 
2.8

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.

Page 6

 
WATERS WYE ASSOCIATES LIMITED
 

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

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows;.

Depreciation is provided on the following basis:

Short-term leasehold property
-
20% straight line basis
Motor vehicles
-
25% reducing balance basis
Office equipment
-
15% reducing balance basis
Computer equipment
-
50% 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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 7

 
WATERS WYE ASSOCIATES LIMITED
 

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

2.Accounting policies (continued)

 
2.14

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 6 (2023 - 6).


4.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Office equipment
Computer equipment
Total



Cost or valuation


At 1 April 2023
95,137
134,058
15,124
16,370
260,689


Additions
-
-
-
1,298
1,298



At 31 March 2024

95,137
134,058
15,124
17,668
261,987



Depreciation


At 1 April 2023
94,671
110,677
13,936
12,161
231,445


Charge for the year on owned assets
466
6,813
178
3,070
10,527


Charge for the year on financed assets
-
8,283
-
-
8,283



At 31 March 2024

95,137
125,773
14,114
15,231
250,255



Net book value



At 31 March 2024
£-
£8,285
£1,010
£2,437
£11,732



At 31 March 2023
£466
£23,381
£1,188
£4,209
£29,244

Page 8

 
WATERS WYE ASSOCIATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023



Motor vehicles
-
16,568

£-
£16,568


5.


Fixed asset investments





Other fixed asset investments



Cost or valuation


At 1 April 2023
1,359,466


Additions
600,001


Revaluations
101,804



At 31 March 2024
£2,061,271





6.


Debtors

2024
2023


Trade debtors
291,297
301,971

Other debtors
101,329
1,236

Prepayments and accrued income
6,418
3,801

£399,044
£307,008


Page 9

 
WATERS WYE ASSOCIATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023

Trade creditors
94,847
48,836

Corporation tax
310,020
209,268

Other taxation and social security
72,953
89,790

Obligations under finance lease and hire purchase contracts
-
22,154

Other creditors
96,676
73,409

Accruals and deferred income
27,664
16,222

£602,160
£459,679


Finance lease and hire purchase contracts are secured on the assets concerned.


8.


Deferred taxation




2024
2023





At beginning of year
(7,194)
(30,525)


Charged to profit or loss
(17,326)
23,331



At end of year
£(24,520)
£(7,194)

The provision for deferred taxation is made up as follows:

2024
2023


Accelerated capital allowances
24,520
7,194

£24,520
£7,194

Page 10

 
WATERS WYE ASSOCIATES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Share capital

2024
2023
Allotted, called up and fully paid



67 (2023 - 67) Ordinary shares of £1.00 each
67
67
30 (2023 - 30) A Ordinary shares of £1.00 each
30
30
30 (2023 - 30) B Ordinary shares of £1.00 each
30
30
30 (2023 - 30) D Ordinary shares of £1.00 each
30
30
27 (2023 - 27) E Ordinary shares of £1.00 each
27
27
27 (2023 - 27) F Ordinary shares of £1.00 each
27
27

£211

£211



10.


Reserves

Capital redemption reserve

This reserve records the nominal value of shares repurchased by the company.

Other reserves

This reserve records the movement in the actual valuation of the fixed asset investment over the year after adjusting for deferred tax. 

Profit and loss account

Includes all current and prior period retained profits and losses.


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £151,600 (2023 - £140,600). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date


12.


Related party transactions

At the balance sheet date, a director of the company owed £99,985 (2023 - £Nil) in respect of unsecured loans advanced.

Page 11