Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseProperty letting33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02365882 2023-04-01 2024-03-31 02365882 2022-04-01 2023-03-31 02365882 2024-03-31 02365882 2023-03-31 02365882 2022-04-01 02365882 c:Director1 2023-04-01 2024-03-31 02365882 d:FurnitureFittings 2023-04-01 2024-03-31 02365882 d:FurnitureFittings 2024-03-31 02365882 d:FurnitureFittings 2023-03-31 02365882 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02365882 d:OfficeEquipment 2023-04-01 2024-03-31 02365882 d:OfficeEquipment 2024-03-31 02365882 d:OfficeEquipment 2023-03-31 02365882 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02365882 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02365882 d:LeaseholdInvestmentProperty 2024-03-31 02365882 d:LeaseholdInvestmentProperty 2023-03-31 02365882 d:LeaseholdInvestmentProperty 2 2023-04-01 2024-03-31 02365882 d:CurrentFinancialInstruments 2024-03-31 02365882 d:CurrentFinancialInstruments 2023-03-31 02365882 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02365882 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02365882 d:ShareCapital 2024-03-31 02365882 d:ShareCapital 2023-03-31 02365882 d:ShareCapital 2022-04-01 02365882 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 02365882 d:OtherMiscellaneousReserve 2024-03-31 02365882 d:OtherMiscellaneousReserve 2022-04-01 2023-03-31 02365882 d:OtherMiscellaneousReserve 2023-03-31 02365882 d:OtherMiscellaneousReserve 2022-04-01 02365882 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 02365882 d:RetainedEarningsAccumulatedLosses 2024-03-31 02365882 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 02365882 d:RetainedEarningsAccumulatedLosses 2023-03-31 02365882 d:RetainedEarningsAccumulatedLosses 2022-04-01 02365882 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 02365882 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 02365882 c:FRS102 2023-04-01 2024-03-31 02365882 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02365882 c:FullAccounts 2023-04-01 2024-03-31 02365882 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02365882 2 2023-04-01 2024-03-31 02365882 6 2023-04-01 2024-03-31 02365882 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 02365882










W. H. WALKER & BROTHERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
W. H. WALKER & BROTHERS LIMITED
REGISTERED NUMBER: 02365882

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
70

Investments
 5 
300
300

Investment property
 6 
670,000
750,000

  
670,300
750,370

Current assets
  

Debtors: amounts falling due within one year
 7 
1,328
2,271

Cash at bank and in hand
  
36,693
30,894

  
38,021
33,165

Creditors: amounts falling due within one year
 8 
(55,885)
(56,987)

Net current liabilities
  
 
 
(17,864)
 
 
(23,822)

Total assets less current liabilities
  
652,436
726,548

Provisions for liabilities
  

Deferred tax
 9 
(52,819)
(72,819)

  
 
 
(52,819)
 
 
(72,819)

Net assets
  
599,617
653,729


Capital and reserves
  

Called up share capital 
  
130,000
130,000

Other reserves
 10 
333,477
393,477

Profit and loss account
 10 
136,140
130,252

  
599,617
653,729


Page 1

 
W. H. WALKER & BROTHERS LIMITED
REGISTERED NUMBER: 02365882
    
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 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: 




R Walker
Director

Date: 11 October 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
W. H. WALKER & BROTHERS LIMITED
 

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


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

£
£
£
£


At 1 April 2022
130,000
349,729
139,602
619,331


Comprehensive income for the year

Profit for the year
-
-
38,398
38,398

Dividends: Equity capital
-
-
(4,000)
(4,000)

Transfer to/from profit and loss account
-
43,748
(43,748)
-



At 1 April 2023
130,000
393,477
130,252
653,729


Comprehensive income for the year

Loss for the year
-
-
(50,112)
(50,112)

Dividends: Equity capital
-
-
(4,000)
(4,000)

Transfer to/from profit and loss account
-
(60,000)
60,000
-


At 31 March 2024
130,000
333,477
136,140
599,617


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
W. H. WALKER & BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

W. H. Walker & Brothers Limited (02365882) is a private company limited by shares and registered in England and Wales. The registered office is 52 New Town, Uckfield, East Sussex, TN22 5DE.

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 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:
Revenue represents rents and service charges receivable recognised in the period in which the services are provided in accordance with the rental agreement. Rent receivable is invoices monthly at the beginning of the month for which the rental income relates.

 
2.3

Interest income

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

Page 4

 
W. H. WALKER & BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

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

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
on cost
Office equipment
-
33%
and 25% on cost

 
2.6

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.

Page 5

 
W. H. WALKER & BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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 balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account 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 balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

 
2.11

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 6

 
W. H. WALKER & BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.12

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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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 within the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 7

 
W. H. WALKER & BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

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 3 (2023 - 3).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost 


At 1 April 2023
3,381
7,182
10,563



At 31 March 2024

3,381
7,182
10,563



Depreciation


At 1 April 2023
3,323
7,171
10,494


Charge for the year on owned assets
58
11
69



At 31 March 2024

3,381
7,182
10,563



Net book value



At 31 March 2024
-
-
-



At 31 March 2023
58
12
70

Page 8

 
W. H. WALKER & BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2023
300



At 31 March 2024
300





6.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2023
750,000


Surplus on revaluation
(80,000)



At 31 March 2024
670,000

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








7.


Debtors

2024
2023
£
£


Trade debtors
-
1,000

Other debtors
200
400

Prepayments and accrued income
1,128
871

1,328
2,271


Page 9

 
W. H. WALKER & BROTHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
2,335
2,169

Other creditors
52,000
52,000

Accruals and deferred income
1,550
2,818

55,885
56,987



9.


Deferred taxation




2024


£






At beginning of year
(72,819)


Charged to profit or loss
20,000



At end of year
(52,819)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value movements
(52,819)
(72,819)


10.


Reserves

Other reserves

The other reserves comprises the balance of the fair value movements of the investment properties net of the deferred tax on the gain.

Profit and loss account

The profit and loss account comprises the balance of profits accumulated over the life of the company.

 
Page 10