Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2022-08-312falsetrue 14327130 2022-08-30 14327130 2022-08-31 2023-08-31 14327130 2021-08-31 2022-08-30 14327130 2023-08-31 14327130 c:Director2 2022-08-31 2023-08-31 14327130 d:CurrentFinancialInstruments 2023-08-31 14327130 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 14327130 d:ShareCapital 2023-08-31 14327130 d:RetainedEarningsAccumulatedLosses 2023-08-31 14327130 c:OrdinaryShareClass1 2022-08-31 2023-08-31 14327130 c:OrdinaryShareClass1 2023-08-31 14327130 c:OrdinaryShareClass2 2022-08-31 2023-08-31 14327130 c:OrdinaryShareClass2 2023-08-31 14327130 c:EntityHasNeverTraded 2022-08-31 2023-08-31 14327130 c:FRS102 2022-08-31 2023-08-31 14327130 c:AuditExempt-NoAccountantsReport 2022-08-31 2023-08-31 14327130 c:FullAccounts 2022-08-31 2023-08-31 14327130 c:PrivateLimitedCompanyLtd 2022-08-31 2023-08-31 14327130 2 2022-08-31 2023-08-31 14327130 e:PoundSterling 2022-08-31 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14327130









WPI OLD ST BASEMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2023

 
WPI OLD ST BASEMENT LTD
REGISTERED NUMBER: 14327130

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2023
Note
£
£

  

Current assets
  

Stocks
  
421,120

Debtors: amounts falling due within one year
 4 
192,404

Cash at bank and in hand
 5 
2

  
613,526

Creditors: amounts falling due within one year
 6 
(615,017)

Net current (liabilities)/assets
  
 
 
(1,491)

Net (liabilities)/assets
  
(1,491)


Capital and reserves
  

Called up share capital 
  
2

Profit and loss account
  
(1,493)

  
(1,491)


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 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 28 October 2024.




P E Summers
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
WPI OLD ST BASEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

1.


General information

WPI Old St Basement ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is 3rd Floor 86-90 Paul Street, London, EC2A 4NE. 

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

Going concern

The accounts have been prepared on a going concern basis. The company will be financed by companies that have a participating interest. At the time of approval of these financial statements the directors are of the opinion that the company will continue in operation for the foreseeable future.

 
2.3

Interest income

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

 
2.4

Stocks

Stocks are stated at the lower of costs and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase, and includes attributable overheads and costs of borrowing.

 
2.5

Debtors

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

 
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.

Page 2

 
WPI OLD ST BASEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

3.


Employees




The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2023
£


Other debtors
192,404



5.


Cash and cash equivalents

2023
£

Cash at bank and in hand
2



6.


Creditors: Amounts falling due within one year

2023
£

Other creditors
613,267

Accruals and deferred income
1,750

615,017


Page 3

 
WPI OLD ST BASEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023

7.

Directors' benefits: advances, credits and guarantees

2023
      £  
Balance brought forward

-

Amounts advanced

134,656

Interest charged during the period

257

Amounts repaid

-


134,913


Interest was charged by the Company at the HM Revenue & Customs official rate of interest on beneficial loans.
The overdrawn loan account balance was repaid on 16 November 2023.


8.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary A share of £1.00
1
1 Ordinary B share of £1.00
1

2


At the date of incorporation the shares were issued at par value. All shares rank pari passu.


9.


Related party transactions

Included within other creditors is an amounts of £100,000 due to a director.
Included within other debtors is an amount of £134,913 due from a director. 

 
Page 4