Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09188688 2023-04-01 2024-03-31 09188688 2022-04-01 2023-03-31 09188688 2024-03-31 09188688 2023-03-31 09188688 2022-04-01 09188688 c:Director3 2023-04-01 2024-03-31 09188688 d:CurrentFinancialInstruments 2024-03-31 09188688 d:CurrentFinancialInstruments 2023-03-31 09188688 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09188688 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09188688 d:ShareCapital 2024-03-31 09188688 d:ShareCapital 2023-03-31 09188688 d:ShareCapital 2022-04-01 09188688 d:SharePremium 2024-03-31 09188688 d:SharePremium 2023-03-31 09188688 d:SharePremium 2022-04-01 09188688 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09188688 d:RetainedEarningsAccumulatedLosses 2024-03-31 09188688 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09188688 d:RetainedEarningsAccumulatedLosses 2023-03-31 09188688 d:RetainedEarningsAccumulatedLosses 2022-04-01 09188688 c:FRS102 2023-04-01 2024-03-31 09188688 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09188688 c:FullAccounts 2023-04-01 2024-03-31 09188688 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09188688 6 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09188688









WISE WOMEN OF TRAVEL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
WISE WOMEN OF TRAVEL LIMITED
REGISTERED NUMBER: 09188688

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 3 
585,000
585,000

  
585,000
585,000

Current assets
  

Cash at bank and in hand
 4 
4,739
2,896

  
4,739
2,896

Creditors: amounts falling due within one year
 5 
(266,263)
(141,254)

Net current liabilities
  
 
 
(261,524)
 
 
(138,358)

Total assets less current liabilities
  
323,476
446,642

  

Net assets
  
323,476
446,642


Capital and reserves
  

Called up share capital 
  
16
16

Share premium account
  
156,246
156,246

Profit and loss account
  
167,214
290,380

  
323,476
446,642


Page 1

 
WISE WOMEN OF TRAVEL LIMITED
REGISTERED NUMBER: 09188688
    
STATEMENT OF FINANCIAL POSITION (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 22 July 2024.




K R Hart
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
WISE WOMEN OF TRAVEL LIMITED
 

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


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

£
£
£
£


At 1 April 2022
16
156,246
338,957
495,219


Comprehensive income for the year

Profit for the year

-
-
11,423
11,423


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(60,000)
(60,000)



At 1 April 2023
16
156,246
290,380
446,642


Comprehensive income for the year

Loss for the year

-
-
(3,166)
(3,166)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(120,000)
(120,000)


At 31 March 2024
16
156,246
167,214
323,476


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
WISE WOMEN OF TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Wise Women of Travel Limited is a private company limited by shares and incorporated in England. Its registered office is 2nd Floor Nucleus House, Lower Mortlake Road, Richmond, England, TW9 2JA. 

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

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.

 
2.3

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

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 reporting date in the countries where the Company operates and generates income.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 
WISE WOMEN OF TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
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.

Page 5

 
WISE WOMEN OF TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

Page 6

 
WISE WOMEN OF TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

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.


Investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
585,000



At 31 March 2024
585,000




The company's investments at the Balance Sheet date in the share capital of companies include the following:       
       
Travelwise Limited       
Country in incorporation: England and Wales       
Nature of business: Travel agents       
       
Class of shares:   holding (%)    
Ordinary A shares   100.00     
Ordinary B and C shares   20.00     
       
                     2024         2023 
                 £             £ 
Aggregate capital and reserves        620,869         572,385 
Profit/(loss)  for the year            175,628         318,466        

Page 7

 
WISE WOMEN OF TRAVEL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,739
2,896

4,739
2,896



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
14,974
14,974

Amounts owed to group undertakings
249,259
123,471

Corporation tax
-
779

Other creditors
2,030
2,030

266,263
141,254



6.


Controlling party

The company is under the control of the directors.

 
Page 8