Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-17falseNo description of principal activity6falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14599033 2023-01-16 14599033 2023-01-17 2024-03-31 14599033 2022-01-17 2023-01-16 14599033 2024-03-31 14599033 c:Director1 2023-01-17 2024-03-31 14599033 c:Director1 2024-03-31 14599033 c:Director2 2023-01-17 2024-03-31 14599033 c:Director2 2024-03-31 14599033 c:Director3 2023-01-17 2024-03-31 14599033 c:Director3 2024-03-31 14599033 c:Director4 2023-01-17 2024-03-31 14599033 c:Director4 2024-03-31 14599033 c:Director5 2023-01-17 2024-03-31 14599033 c:Director5 2024-03-31 14599033 c:Director6 2023-01-17 2024-03-31 14599033 c:Director6 2024-03-31 14599033 c:RegisteredOffice 2023-01-17 2024-03-31 14599033 d:CurrentFinancialInstruments 2024-03-31 14599033 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14599033 d:ShareCapital 2024-03-31 14599033 d:RetainedEarningsAccumulatedLosses 2023-01-17 2024-03-31 14599033 d:RetainedEarningsAccumulatedLosses 2024-03-31 14599033 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 14599033 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 14599033 c:OrdinaryShareClass1 2023-01-17 2024-03-31 14599033 c:OrdinaryShareClass1 2024-03-31 14599033 c:OrdinaryShareClass2 2023-01-17 2024-03-31 14599033 c:OrdinaryShareClass2 2024-03-31 14599033 c:OrdinaryShareClass3 2023-01-17 2024-03-31 14599033 c:OrdinaryShareClass3 2024-03-31 14599033 c:OrdinaryShareClass4 2023-01-17 2024-03-31 14599033 c:OrdinaryShareClass4 2024-03-31 14599033 c:OrdinaryShareClass5 2023-01-17 2024-03-31 14599033 c:OrdinaryShareClass5 2024-03-31 14599033 c:FRS102 2023-01-17 2024-03-31 14599033 c:AuditExemptWithAccountantsReport 2023-01-17 2024-03-31 14599033 c:FullAccounts 2023-01-17 2024-03-31 14599033 c:PrivateLimitedCompanyLtd 2023-01-17 2024-03-31 14599033 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-17 2024-03-31 14599033 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-03-31 14599033 6 2023-01-17 2024-03-31 14599033 e:PoundSterling 2023-01-17 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Unaudited Financial Statements
AW22 Ltd
For the period ended 31 March 2024





































Registered number: 14599033

 
AW22 Ltd
 

Company Information


Directors
Anne Barr (appointed 17 January 2023)
Robert Barr (appointed 17 January 2023)
Anna Barr (appointed 10 April 2023)
Katie Barr (appointed 10 April 2023)
Rebecca Barr (appointed 10 April 2023)
Emily Manning (appointed 10 April 2023)




Registered number
14599033



Registered office
C/O Wrigleys Solicitors LLP 3rd Floor
3 Wellington Place

Leeds

West Yorkshire

United Kingdom

LS1 4AP




Accountants
Grant Thornton (NI) LLP
Chartered Accountants

12 - 15 Donegall Square West

Belfast

BT1 6JH





 
AW22 Ltd
 

Contents



Page
Accountant's Report
1
Balance Sheet
2 - 3
Notes to the Financial Statements
4 - 8


  
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Independent Accountant's Report to the directors of the unaudited financial statements of AW22 Ltd for the period ended 31 March 2024

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of AW22 Ltd for the Period ended 31 March 2024, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of AW22 Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of AW22 Ltd, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AW22 Ltd and its directors, as a body, for our work or for this report.


We have carried out this engagement in accordance with the technical guidance issued by Chartered Accountants Ireland ("the Institute") and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the Period ended 31 March 2024 and you have acknowledged on the Balance Sheet as at 31 March 2024 your duty to ensure that AW22 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that AW22 Ltd is exempt from the statutory audit requirement for the Period ended 31 March 2024.

We have not been instructed to carry out an audit or review the financial statements of AW22 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. 




  


Grant Thornton (NI) LLP

Chartered Accountants
12 - 15 Donegall Square West
Belfast
BT1 6JH







Date:   11 October 2024
Page 1

 
AW22 Ltd
Registered number:14599033

Balance Sheet
As at 31 March 2024

2024
Note
£

Fixed assets
  

Investments
 5 
4,632,291

  
4,632,291

Current assets
  

Cash at bank and in hand
 6 
48,470

  
48,470

Creditors: amounts falling due within one year
 7 
(4,055,625)

Net current (liabilities)/assets
  
 
 
(4,007,155)

Total assets less current liabilities
  
625,136

Provisions for liabilities
  

Deferred tax
  
(151,659)

  
 
 
(151,659)

Net assets
  
473,477


Capital and reserves
  

Called up share capital 
 9 
150

Profit and loss account
 10 
473,327

  
473,477


Page 2

 
AW22 Ltd
Registered number:14599033

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 Period 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 11 October 2024.




Robert Barr
Director

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

Page 3

 
AW22 Ltd
 
 
Notes to the Financial Statements
For the period ended 31 March 2024

1.


General information

AW22 Ltd is a company limited by shares which is registered and incorporated in the United Kindgom. The Company's registered office is C/O Wrigleys Solicitors LLP 3rd Floor, 3 Wellington Place, Leeds, West Yorkshire, LS1 4AP. The principal activity of the company is that of holding investments.

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 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 (see note 3).

The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

 
2.3

Current and deferred taxation

The tax expense for the Period 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.

Page 4

 
AW22 Ltd
 

Notes to the Financial Statements
For the period ended 31 March 2024

2.Accounting policies (continued)

 
2.4

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.5

Valuation of investments

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

 
2.6

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.

 
2.7

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.

 
2.8

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 5

 
AW22 Ltd
 
 
Notes to the Financial Statements
For the period ended 31 March 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results.
In the directors' opinions, there are no significant judgements, estimates and assumptions made about the recognition of assets, liabilities, incomes and expenses.


4.


Employees

The average monthly number of employees, including directors, during the Period was 6.


5.


Fixed asset investments





Investments

£



Cost or valuation


Additions
4,039,593


Equalisations
(9,561)


Change in market values
612,259


Charges on investments
(10,000)



At 31 March 2024
4,632,291





6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
48,470

48,470


Page 6

 
AW22 Ltd
 
 
Notes to the Financial Statements
For the period ended 31 March 2024

7.


Creditors: Amounts falling due within one year

2024
£

Directors' current account
4,050,000

Accruals and deferred income
5,625

4,055,625



8.


Deferred taxation



2024


£






Charged to profit or loss
151,659



At end of year
151,659

The deferred taxation balance is made up as follows:

2024
£


Capital gains/(losses)
153,065

Losses and other deductions
(1,406)

151,659

Page 7

 
AW22 Ltd
 
 
Notes to the Financial Statements
For the period ended 31 March 2024

9.


Share capital

2024
£
Allotted, called up and fully paid


50 Preferred shares of £1.00 each
50
25 A Ordinary shares of £1.00 each
25
25 B Ordinary shares of £1.00 each
25
25 C Ordinary shares of £1.00 each
25
25 D Ordinary shares of £1.00 each
25

150


On 17 January 2023 the Company issued 2 Preferred shares with a nominal value of £1 each. On 10 April 2023 the Company issued a further 48 ordinary shares with a nominal value of £1 each. These are classified as follows 25 A Ordinary shares, 25 B ordinary shares, 25 C Ordinary shares and 25 D Ordinary shares.


10.


Reserves

Profit and loss account

This includes all current retained profits and losses.
Included within the reserve is £459,194 of non distributable income in relation to listed investment revaluations less deferred tax.


11.


Related party transactions

The company had the following related party transactions in the year:
During the year the Directors advanced the company £4,050,150. At the balance sheet date the amount owed to the Directors was £4,050,150. The loan is unsecured, interest free and repayable upon demand.


Page 8