Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalse5No description of principal activity2023-04-01false5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02898745 2023-04-01 2024-03-31 02898745 2022-04-01 2023-03-31 02898745 2024-03-31 02898745 2023-03-31 02898745 c:Director1 2023-04-01 2024-03-31 02898745 d:LeaseholdInvestmentProperty 2024-03-31 02898745 d:LeaseholdInvestmentProperty 2023-03-31 02898745 d:CurrentFinancialInstruments 2024-03-31 02898745 d:CurrentFinancialInstruments 2023-03-31 02898745 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02898745 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02898745 d:ShareCapital 2024-03-31 02898745 d:ShareCapital 2023-03-31 02898745 d:SharePremium 2024-03-31 02898745 d:SharePremium 2023-03-31 02898745 d:InvestmentPropertiesRevaluationReserve 2024-03-31 02898745 d:InvestmentPropertiesRevaluationReserve 2023-03-31 02898745 d:RetainedEarningsAccumulatedLosses 2024-03-31 02898745 d:RetainedEarningsAccumulatedLosses 2023-03-31 02898745 c:FRS102 2023-04-01 2024-03-31 02898745 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02898745 c:FullAccounts 2023-04-01 2024-03-31 02898745 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02898745 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 02898745









CASBURN WAYMAN COMMUNICATIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
CASBURN WAYMAN COMMUNICATIONS LIMITED
REGISTERED NUMBER: 02898745

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,252,785
1,252,785

  
1,252,785
1,252,785

Current assets
  

Debtors: amounts falling due within one year
 5 
2,610
3,737

Cash at bank and in hand
 6 
208,442
204,570

  
211,052
208,307

Creditors: amounts falling due within one year
 7 
(46,501)
(44,722)

Net current assets
  
 
 
164,551
 
 
163,585

Total assets less current liabilities
  
1,417,336
1,416,370

Provisions for liabilities
  

Deferred tax
  
(31,494)
(31,494)

  
 
 
(31,494)
 
 
(31,494)

Net assets
  
1,385,842
1,384,876

Page 1

 
CASBURN WAYMAN COMMUNICATIONS LIMITED
REGISTERED NUMBER: 02898745
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
102,482
102,482

Share premium account
  
302,804
302,804

Investment property reserve
  
919,849
919,849

Profit and loss account
  
60,707
59,741

  
1,385,842
1,384,876


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 26 September 2024.




Mr I N Wayman
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CASBURN WAYMAN COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Casburn Wayman Limited is a private company, limited by shares, incorporated in England and Wales, registration number 02898745. The registered office is Haslers, Old Station Road, Loughton, Essex, IG10 4PL. The principal activity of the company continued to be that of property investment.

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 financial statements are presented in sterling which is the functional currency of the company, and rounded to the nearest pound sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises rental income received from properties exclusive of VAT.

 
2.3

Investment property

Investment property is carried at fair value determined annually by the directors 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 the Statement of Comprehensive Income.

 
2.4

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.

 
2.5

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.

 
2.6

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 3

 
CASBURN WAYMAN COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

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.


3.


Employees

2024
2023
£
£

Wages and salaries
117,003
97,500

Social security costs
5,130
2,904

122,133
100,404


The average monthly number of employees, including directors, during the year was 5 (2023 - 5).

Page 4

 
CASBURN WAYMAN COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Long term Leasehold investment property

£



Valuation


At 1 April 2023
1,252,785



At 31 March 2024
1,252,785

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





5.


Debtors

2024
2023
£
£


Other debtors
-
670

Prepayments and accrued income
2,610
3,067

2,610
3,737



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
208,442
204,570

208,442
204,570


Page 5

 
CASBURN WAYMAN COMMUNICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,458
182

Corporation tax
214
5,382

Other taxation and social security
7,240
7,249

Accruals and deferred income
32,589
31,909

46,501
44,722



8.


Related party transactions

Salary to key management personnel for the year total £117,003 (2023: £97,500).


9.


Controlling party

The company is controlled by the Wayman family.

 
Page 6