Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity21truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01675211 2023-04-01 2024-03-31 01675211 2022-04-01 2023-03-31 01675211 2024-03-31 01675211 2023-03-31 01675211 2022-04-01 01675211 5 2023-04-01 2024-03-31 01675211 5 2022-04-01 2023-03-31 01675211 d:Director2 2023-04-01 2024-03-31 01675211 e:FreeholdInvestmentProperty 2023-04-01 2024-03-31 01675211 e:FreeholdInvestmentProperty 2024-03-31 01675211 e:FreeholdInvestmentProperty 2023-03-31 01675211 e:CurrentFinancialInstruments 2024-03-31 01675211 e:CurrentFinancialInstruments 2023-03-31 01675211 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 01675211 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 01675211 e:ShareCapital 2023-04-01 2024-03-31 01675211 e:ShareCapital 2024-03-31 01675211 e:ShareCapital 2022-04-01 2023-03-31 01675211 e:ShareCapital 2023-03-31 01675211 e:ShareCapital 2022-04-01 01675211 e:SharePremium 2023-04-01 2024-03-31 01675211 e:SharePremium 2024-03-31 01675211 e:SharePremium 2022-04-01 2023-03-31 01675211 e:SharePremium 2023-03-31 01675211 e:SharePremium 2022-04-01 01675211 e:RevaluationReserve 2023-04-01 2024-03-31 01675211 e:RevaluationReserve 2024-03-31 01675211 e:RevaluationReserve 5 2023-04-01 2024-03-31 01675211 e:RevaluationReserve 2022-04-01 2023-03-31 01675211 e:RevaluationReserve 2023-03-31 01675211 e:RevaluationReserve 2022-04-01 01675211 e:RevaluationReserve 5 2022-04-01 2023-03-31 01675211 e:OtherMiscellaneousReserve 2023-04-01 2024-03-31 01675211 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 01675211 e:RetainedEarningsAccumulatedLosses 2024-03-31 01675211 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 01675211 e:RetainedEarningsAccumulatedLosses 2023-03-31 01675211 e:RetainedEarningsAccumulatedLosses 2022-04-01 01675211 d:FRS102 2023-04-01 2024-03-31 01675211 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01675211 d:AbridgedAccounts 2023-04-01 2024-03-31 01675211 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01675211 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 01675211









SINGLEWISE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SINGLEWISE LIMITED
REGISTERED NUMBER: 01675211

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
71,000
871,000

  
71,000
871,000

Current assets
  

Debtors: amounts falling due within one year
 5 
1,295,834
447,834

Cash at bank and in hand
 6 
5,298
39,844

  
1,301,132
487,678

Creditors: amounts falling due within one year
 7 
(51,465)
(67,676)

Net current assets
  
 
 
1,249,667
 
 
420,002

Total assets less current liabilities
  
1,320,667
1,291,002

  

Net assets
  
1,320,667
1,291,002


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
 8 
103,444
103,444

Revaluation reserve
 8 
7,983
434,374

Profit and loss account
 8 
1,209,140
753,084

  
1,320,667
1,291,002


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 on 5 September 2024.

Page 1

 
SINGLEWISE LIMITED
REGISTERED NUMBER: 01675211
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024




R K Rice
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
SINGLEWISE LIMITED
 

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


Called up share capital
Share premium account
Fair value reserve
Profit and loss account
Total equity

£
£
£
£
£


At 1 April 2022
100
103,444
482,972
664,107
1,250,623


Comprehensive income for the year

Profit for the year
-
-
-
88,977
88,977

Deficit on revaluation of freehold property
-
-
(48,598)
-
(48,598)
Total comprehensive income for the year
-
-
(48,598)
88,977
40,379


Total transactions with owners
-
-
-
-
-



At 1 April 2023
100
103,444
434,374
753,084
1,291,002


Comprehensive income for the year

Profit for the year
-
-
-
456,056
456,056

Deficit on revaluation of freehold property
-
-
(426,391)
-
(426,391)
Total comprehensive income for the year
-
-
(426,391)
456,056
29,665


Total transactions with owners
-
-
-
-
-


At 31 March 2024
100
103,444
7,983
1,209,140
1,320,667


The notes on pages 4 to 7 form part of these financial statements.

Page 3

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

1.


General information

Singlewise Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue recognition

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:

Page 4

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

2.Accounting policies (continued)

 
2.3

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..

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.

 
2.4

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.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Director
2
1

Page 5

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

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
871,000


Disposals
(800,000)



At 31 March 2024
71,000

The 2024 valuations were made by the directors at £71,000, on an open market value for existing use basis.





5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
944,500
114,500

Other debtors
351,334
333,334

1,295,834
447,834



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,298
39,844

5,298
39,844


Page 6

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
2,565
18,116

Other creditors
45,000
45,000

Accruals and deferred income
3,900
4,560

51,465
67,676



8.


Reserves

Share premium account

This reserve records the amount above the nominal value received for shares sold, less transaction costs.

Other reserves

Fair value reserve. This reserve is used to record increases in the fair value of land and buildings and decreases to the extent that such decrease relates to an increase on the same asset.


9.


Controlling party

The ultimate controlling party is R K Rice a director and shareholder of the parent company, Kenneth Rice and Sons Ground Rents Limited, a company incorporated in the United Kingdom.


10.


Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 5 September 2024 by Philip Bryan.

 
Page 7