Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity22023-01-01truetruefalse2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11113266 2023-01-01 2023-12-31 11113266 2022-01-01 2022-12-31 11113266 2023-12-31 11113266 2022-12-31 11113266 c:Director1 2023-01-01 2023-12-31 11113266 d:MotorVehicles 2023-01-01 2023-12-31 11113266 d:MotorVehicles 2023-12-31 11113266 d:MotorVehicles 2022-12-31 11113266 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11113266 d:FurnitureFittings 2023-01-01 2023-12-31 11113266 d:OfficeEquipment 2023-01-01 2023-12-31 11113266 d:OfficeEquipment 2023-12-31 11113266 d:OfficeEquipment 2022-12-31 11113266 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11113266 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 11113266 d:OtherPropertyPlantEquipment 2023-12-31 11113266 d:OtherPropertyPlantEquipment 2022-12-31 11113266 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11113266 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11113266 d:CurrentFinancialInstruments 2023-12-31 11113266 d:CurrentFinancialInstruments 2022-12-31 11113266 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11113266 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11113266 d:ShareCapital 2023-12-31 11113266 d:ShareCapital 2022-12-31 11113266 d:CapitalRedemptionReserve 2023-12-31 11113266 d:CapitalRedemptionReserve 2022-12-31 11113266 d:RetainedEarningsAccumulatedLosses 2023-12-31 11113266 d:RetainedEarningsAccumulatedLosses 2022-12-31 11113266 c:FRS102 2023-01-01 2023-12-31 11113266 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11113266 c:FullAccounts 2023-01-01 2023-12-31 11113266 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11113266 6 2023-01-01 2023-12-31 11113266 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11113266









WOLFKISS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
WOLFKISS LTD
REGISTERED NUMBER: 11113266

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
36,368
58,606

Investments
 5 
2,375,212
2,569,033

  
2,411,580
2,627,639

Current assets
  

Debtors: amounts falling due within one year
 6 
125,466
427,989

Cash at bank and in hand
 7 
48,762
81,128

  
174,228
509,117

Creditors: amounts falling due within one year
 8 
(134,712)
(221,161)

Net current assets
  
 
 
39,516
 
 
287,956

Total assets less current liabilities
  
2,451,096
2,915,595

  

Net assets
  
2,451,096
2,915,595


Capital and reserves
  

Called up share capital 
  
100
100

Capital redemption reserve
  
20
20

Profit and loss account
  
2,450,976
2,915,475

  
2,451,096
2,915,595


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 profit and loss account 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.

Page 1

 
WOLFKISS LTD
REGISTERED NUMBER: 11113266
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023




Mr A Skarbek
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

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

1.


General information

Wolfkiss Limited is a private company limited by share capital, incorporated in England and Wales, registration number 11113266. The address of the registered office is 50 Liverpool Street, London, EC2M 7PY. 

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Consolidation

The company and its subsidiaries form a small group. The company is therefore not required to produce consolidated financial statements and has not done so. These financial statements present information about the company as a single entity. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

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

2.Accounting policies (continued)

 
2.4

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.

Turnover from royalties is recognised when the income is fixed or determinable and collectability is reasonably assured.

 
2.5

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.

 
2.6

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.7

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 4

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

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
straight line
Equipment
-
25%
straight line
Other fixed assets
-
15%
straight line

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.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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.

Other fixed asset investments are measured at cost less accumulated impairment.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 5

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

2.Accounting policies (continued)

 
2.13

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).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 January 2023
107,182
7,023
3,002
117,207


Additions
44,745
-
-
44,745


Disposals
(107,182)
-
-
(107,182)



At 31 December 2023

44,745
7,023
3,002
54,770



Depreciation


At 1 January 2023
53,591
4,897
112
58,600


Charge for the year on owned assets
11,186
1,756
451
13,393


Disposals
(53,591)
-
-
(53,591)



At 31 December 2023

11,186
6,653
563
18,402



Net book value



At 31 December 2023
33,559
370
2,439
36,368



At 31 December 2022
53,591
2,126
2,890
58,607

Page 6

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

5.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Participating Interests
Artwork
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
100
2,330,005
213,929
25,000
2,569,034


Additions
-
-
24,723
-
24,723


Disposals
-
(425,739)
-
-
(425,739)


Revaluations
-
207,257
-
-
207,257


Share of profit/(loss)
-
-
(59)
-
(59)



At 31 December 2023
100
2,111,523
238,593
25,000
2,375,216





6.


Debtors

2023
2022
£
£


Trade debtors
38,194
9,613

Amounts owed by group undertakings
19,290
19,068

Other debtors
4,650
334,636

Prepayments and accrued income
63,332
64,672

125,466
427,989



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
48,762
81,128

48,762
81,128


Page 7

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

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
887
2,410

Other taxation and social security
4,511
1,453

Obligations under finance lease and hire purchase contracts
-
63,270

Other creditors
17,357
64,600

Accruals and deferred income
111,957
89,428

134,712
221,161



9.


Related party transactions

During the year ordinary dividends totaling £540,000 (2022: £Nil) were paid to directors in their capacity as shareholders of the company.  
Also included in debtors at the balance sheet date, is an amount of £19,290 (2022: £19,068) due from a subsidiary undertaking. The amount is in respect of expenses borne for, and cash advanced to, that undertaking. This amount is unsecured, interest free and repayable on demand. 
Included in creditors at the balance sheet date, is a total amount of £15,958 (2022 debtor: £328,886) due to the directors of the company. The amounts are in respect of cash withdrawn in excess of expenses borne on behalf of the company. The amounts are unsecured, interest free and repayable on demand.
Included in creditors at the balance sheet date is an amount of £Nil (2022: £64,600) due to an LLP in which a director of the company and this company are members. The amount is in respect of expenses borne on behalf of a subsidiary undertaking. This amount is unsecured, interest free and repayable on demand. 

 
Page 8