Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3112023-01-01falseThe principal activity of the company during the year was the sale of works of art.1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00283348 2023-01-01 2023-12-31 00283348 2022-01-01 2022-12-31 00283348 2023-12-31 00283348 2022-12-31 00283348 c:Director1 2023-01-01 2023-12-31 00283348 c:RegisteredOffice 2023-01-01 2023-12-31 00283348 d:CurrentFinancialInstruments 2023-12-31 00283348 d:CurrentFinancialInstruments 2022-12-31 00283348 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00283348 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00283348 d:ShareCapital 2023-12-31 00283348 d:ShareCapital 2022-12-31 00283348 d:RetainedEarningsAccumulatedLosses 2023-12-31 00283348 d:RetainedEarningsAccumulatedLosses 2022-12-31 00283348 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-12-31 00283348 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 00283348 c:OrdinaryShareClass1 2023-01-01 2023-12-31 00283348 c:OrdinaryShareClass1 2023-12-31 00283348 c:OrdinaryShareClass1 2022-12-31 00283348 c:FRS102 2023-01-01 2023-12-31 00283348 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00283348 c:FullAccounts 2023-01-01 2023-12-31 00283348 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00283348 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00283348









WILDENSTEIN & CO. LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
WILDENSTEIN & CO. LIMITED
 
 
COMPANY INFORMATION


Director
G Wildenstein 




Registered number
00283348



Registered office
Eighth Floor
6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
WILDENSTEIN & CO. LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 5

 
WILDENSTEIN & CO. LIMITED
REGISTERED NUMBER: 00283348

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
73,250
88,250

Debtors: amounts falling due within one year
 5 
16,104
197,946

Cash at bank and in hand
 6 
49,773
6,181

  
139,127
292,377

Creditors: amounts falling due within one year
 7 
(3,309,548)
(3,468,559)

Net current liabilities
  
 
 
(3,170,421)
 
 
(3,176,182)

Total assets less current liabilities
  
(3,170,421)
(3,176,182)

  

Net liabilities
  
(3,170,421)
(3,176,182)


Capital and reserves
  

Called up share capital 
 9 
2,000
2,000

Profit and loss account
  
(3,172,421)
(3,178,182)

  
(3,170,421)
(3,176,182)


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 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 by: 


G Wildenstein
Director

Date: 25 September 2024

Page 1

 
WILDENSTEIN & CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Wildenstein & Co. Limited is a private company, limited by shares, incorporated in England and Wales with registration number of 00283348. The registered office is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.

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

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The company expects the continued support of certain creditors and a long term loan provider. The creditors have confirmed that they will provide such financial support as is necessary for the company to meet its liabilities as they fall due and continue in operation for a period of at least twelve months from the signing of the financial statements of the company. 

 
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.

  
2.4

Turnover

Turnover comprises of revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.

  
2.5

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Page 2

 
WILDENSTEIN & CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

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.

 
2.10

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 balance sheet date in the countries where the company operates and generates income.


3.


Employees

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

Page 3

 
WILDENSTEIN & CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Stocks

2023
2022
£
£

Works of art
73,250
88,250



5.


Debtors

2023
2022
£
£


Other debtors
4,769
3,356

Prepayments and accrued income
11,335
194,590

16,104
197,946



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
49,773
6,181



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
1,896,551
2,055,551

Trade creditors
15,376
17,887

Other creditors
1,387,921
1,387,921

Accruals and deferred income
9,700
7,200

3,309,548
3,468,559


Page 4

 
WILDENSTEIN & CO. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
49,773
6,181




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2,000 (2022 - 2,000) Ordinary shares of £1 each
2,000
2,000


 
Page 5