Caseware UK (AP4) 2023.0.135 2023.0.135 2023-04-01false6No description of principal activity6falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07890481 2023-04-01 2024-03-31 07890481 2022-04-01 2023-03-31 07890481 2024-03-31 07890481 2023-03-31 07890481 c:Director2 2023-04-01 2024-03-31 07890481 d:OfficeEquipment 2023-04-01 2024-03-31 07890481 d:ComputerEquipment 2023-04-01 2024-03-31 07890481 d:ComputerEquipment 2024-03-31 07890481 d:ComputerEquipment 2023-03-31 07890481 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07890481 d:FreeholdInvestmentProperty 2024-03-31 07890481 d:FreeholdInvestmentProperty 2023-03-31 07890481 d:CurrentFinancialInstruments 2024-03-31 07890481 d:CurrentFinancialInstruments 2023-03-31 07890481 d:Non-currentFinancialInstruments 2024-03-31 07890481 d:Non-currentFinancialInstruments 2023-03-31 07890481 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07890481 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07890481 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07890481 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07890481 d:ShareCapital 2024-03-31 07890481 d:ShareCapital 2023-03-31 07890481 d:InvestmentPropertiesRevaluationReserve 2024-03-31 07890481 d:InvestmentPropertiesRevaluationReserve 2023-03-31 07890481 d:RetainedEarningsAccumulatedLosses 2024-03-31 07890481 d:RetainedEarningsAccumulatedLosses 2023-03-31 07890481 c:FRS102 2023-04-01 2024-03-31 07890481 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07890481 c:FullAccounts 2023-04-01 2024-03-31 07890481 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07890481 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 07890481













The YW Investment Company Limited

Financial statements
Information for filing with the registrar

31 March 2024




 
The YW Investment Company Limited


Balance sheet
At 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,239
3,004

Investment property
 5 
4,110,000
4,110,000

  
4,112,239
4,113,004

Current assets
  

Debtors: amounts falling due after more than one year
 6 
7,450,000
7,650,000

Debtors: amounts falling due within one year
 6 
569,714
538,763

Bank and cash balances
  
72,823
88,457

  
8,092,537
8,277,220

Creditors: amounts falling due within one year
 7 
(1,766,786)
(1,781,801)

Net current assets
  
 
 
6,325,751
 
 
6,495,419

Total assets less current liabilities
  
10,437,990
10,608,423

Creditors: amounts falling due after more than one year
 8 
(9,765,000)
(9,965,000)

Provisions for liabilities
  

Deferred tax
  
-
(751)

  
 
 
-
 
 
(751)

Net assets
  
672,990
642,672


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Investment property reserve
  
108,738
108,738

Profit and loss account
  
554,252
523,934

Shareholders' funds
  
672,990
642,672


1

 
The YW Investment Company Limited

    
Balance sheet (continued)
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 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 24 September 2024.




E R T Yuill
Director

Registered number: 07890481
The notes on pages 3 to 7 form part of these financial statements. 
2

 
The YW Investment Company Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

1.


General information

The company is a private company limited by shares, incorporated and domiciled in the United Kingdom. The address of the registered office is Hub 1 The Innovation Centre, Venture Court, Queens Meadow Business Park, Hartlepool, TS25 5TG. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respects of rents receivable during the year, exclusive of VAT.

 
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.
3

 
The YW Investment Company Limited
 

 
Notes to the financial statements
Year ended 31 March 2024

2.Accounting policies (continued)

 
2.4

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, using the straight-line method.

The estimated useful lives range as follows:

Office equipment
-
3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually 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.

 
2.6

Financial instruments

Basic financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

4

 
The YW Investment Company Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

4.


Tangible fixed assets





Computer equipment

£



Cost


At 1 April 2023
15,549


Additions
650



At 31 March 2024

16,199



Depreciation


At 1 April 2023
12,545


Charge for the year
1,415



At 31 March 2024

13,960



Net book value



At 31 March 2024
2,239



At 31 March 2023
3,004

5

 
The YW Investment Company Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
4,110,000



At 31 March 2024
4,110,000

No formal valuations were made in 2024, the last formal valuation was made in 2023 by Knight Frank, on an open market value for existing use basis. The directors are satisfied that the carrying value at the year end was consistent with their assessment of market value. 


If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:


2024
2023
£
£


Historic cost
4,001,262
4,001,262

4,001,262
4,001,262


6.


Debtors

2024
2023
£
£

Due after more than one year

Loan due from related party
7,450,000
7,650,000

7,450,000
7,650,000


2024
2023
£
£

Due within one year

Trade debtors
16,418
11,527

Loan due from related party
200,000
200,000

Other debtors
353,296
327,236

569,714
538,763


6

 
The YW Investment Company Limited
 
 

Notes to the financial statements
Year ended 31 March 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
200,000
200,000

Trade creditors
20,538
24,699

Corporation tax
10,157
22,937

Other taxation and social security
6,821
7,826

Other creditors
1,476,319
1,472,262

Accruals and deferred income
52,951
54,077

1,766,786
1,781,801



8.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,575,000
9,775,000

Other loans
190,000
190,000

9,765,000
9,965,000


The following liabilities were secured:

2024
2023
£
£



Bank loans
9,775,000
9,975,000

9,775,000
9,975,000

Details of security provided:

Bank loans are secured by way of a fixed and floating charge over the assets of the company.
The company is party to a multilateral guarantee with Mowden Park Estate Company Limited and South Shore One Limited to support the borrowings of the company from its bankers. At 31 March 2024 the borrowings to which the guarantee refers totalled £7,650,000.

 
7