Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31trueWholesale of watches and jewellery2022-11-01falsefalse21trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13291473 2022-11-01 2023-10-31 13291473 2021-11-01 2022-10-31 13291473 2023-10-31 13291473 2022-10-31 13291473 c:Director1 2022-11-01 2023-10-31 13291473 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-10-31 13291473 d:CopyrightsPatentsTrademarksServiceOperatingRights 2022-10-31 13291473 d:CurrentFinancialInstruments 2023-10-31 13291473 d:CurrentFinancialInstruments 2022-10-31 13291473 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 13291473 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 13291473 d:ShareCapital 2023-10-31 13291473 d:ShareCapital 2022-10-31 13291473 d:RetainedEarningsAccumulatedLosses 2023-10-31 13291473 d:RetainedEarningsAccumulatedLosses 2022-10-31 13291473 c:FRS102 2022-11-01 2023-10-31 13291473 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 13291473 c:FullAccounts 2022-11-01 2023-10-31 13291473 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 13291473 d:CopyrightsPatentsTrademarksServiceOperatingRights d:ExternallyAcquiredIntangibleAssets 2022-11-01 2023-10-31 13291473 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2022-11-01 2023-10-31 13291473 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number:  13291473














CESTRIAN WATCH COMPANY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


 
CESTRIAN WATCH COMPANY LTD
REGISTERED NUMBER: 13291473

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
  
100,143
-

  
100,143
-

Current assets
  

Debtors: amounts falling due within one year
  
12,054
100

Cash at bank and in hand
  
806
-

  
12,860
100

Creditors: amounts falling due within one year
  
(132,607)
-

Net current (liabilities)/assets
  
 
 
(119,747)
 
 
100

Total assets less current liabilities
  
(19,604)
100

  

Net (liabilities)/assets
  
(19,604)
100


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(19,704)
-

  
(19,604)
100


Page 1

 
CESTRIAN WATCH COMPANY LTD
REGISTERED NUMBER: 13291473
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

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 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.




D Parry
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CESTRIAN WATCH COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act
2006 and registered in England & Wales (no. 13291473). The registered office 15-17 Charles Street,
Hoole, Chester CH2 3AZ.
These financial statements present information about the company as an individual undertaking; it is not
a member of a group of companies. The principal activity of the company is that of retail sale of watches
and jewellery.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
CESTRIAN WATCH COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

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.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

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.

 
2.6

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.

Page 4

 
CESTRIAN WATCH COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
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.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 1).


4.


Intangible assets




Brand and website

£



Cost


Additions
111,270



At 31 October 2023

111,270



Amortisation


Charge for the year on owned assets
11,127



At 31 October 2023

11,127



Net book value



At 31 October 2023
100,143



At 31 October 2022
-


Page 5

 
CESTRIAN WATCH COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
 
           4.Intangible assets (continued)


Page 6

 
CESTRIAN WATCH COMPANY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
5,386
-

Other debtors
100
100

Deferred taxation
6,568
-

12,054
100



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
806
-

806
-



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
369
-

Other creditors
131,238
-

Accruals and deferred income
1,000
-

132,607
-



8.


Related party transactions

Included in other creditors is an amount of £131,238 owed to Watchnation Ltd, a connected company. 


9.


Controlling party

The company is under the control of D Parry by virtue of his shareholding.

 
Page 7