Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalse2023-04-01The principal activity of the company continued to be that of paediatric consultancy.44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07739450 2023-04-01 2024-03-31 07739450 2022-04-01 2023-03-31 07739450 2024-03-31 07739450 2023-03-31 07739450 2022-04-01 07739450 c:Director2 2023-04-01 2024-03-31 07739450 d:MotorVehicles 2023-04-01 2024-03-31 07739450 d:MotorVehicles 2024-03-31 07739450 d:MotorVehicles 2023-03-31 07739450 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07739450 d:FurnitureFittings 2023-04-01 2024-03-31 07739450 d:FurnitureFittings 2024-03-31 07739450 d:FurnitureFittings 2023-03-31 07739450 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07739450 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07739450 d:FreeholdInvestmentProperty 2024-03-31 07739450 d:FreeholdInvestmentProperty 2023-03-31 07739450 d:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 07739450 d:CurrentFinancialInstruments 2024-03-31 07739450 d:CurrentFinancialInstruments 2023-03-31 07739450 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07739450 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07739450 d:ShareCapital 2024-03-31 07739450 d:ShareCapital 2023-03-31 07739450 d:ShareCapital 2022-04-01 07739450 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 07739450 d:OtherMiscellaneousReserve 2024-03-31 07739450 d:OtherMiscellaneousReserve 2022-04-01 2023-03-31 07739450 d:OtherMiscellaneousReserve 2023-03-31 07739450 d:OtherMiscellaneousReserve 2022-04-01 07739450 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07739450 d:RetainedEarningsAccumulatedLosses 2024-03-31 07739450 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 07739450 d:RetainedEarningsAccumulatedLosses 2023-03-31 07739450 d:RetainedEarningsAccumulatedLosses 2022-04-01 07739450 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07739450 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07739450 d:OtherDeferredTax 2024-03-31 07739450 d:OtherDeferredTax 2023-03-31 07739450 c:FRS102 2023-04-01 2024-03-31 07739450 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07739450 c:FullAccounts 2023-04-01 2024-03-31 07739450 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07739450 2 2023-04-01 2024-03-31 07739450 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 07739450










MISS MICHELLE WYATT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
MISS MICHELLE WYATT LIMITED
REGISTERED NUMBER: 07739450

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
59,302
51,694

Investments
 5 
50,000
50,000

Investment property
 6 
356,000
389,000

  
465,302
490,694

Current assets
  

Debtors: amounts falling due within one year
 7 
53,706
34,474

Cash at bank and in hand
 8 
33,072
103,780

  
86,778
138,254

Creditors: amounts falling due within one year
 9 
(371,784)
(427,368)

Net current liabilities
  
 
 
(285,006)
 
 
(289,114)

Total assets less current liabilities
  
180,296
201,580

Provisions for liabilities
  

Deferred tax
  
(34,412)
(40,760)

  
 
 
(34,412)
 
 
(40,760)

Net assets
  
145,884
160,820


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
 11 
82,022
106,772

Profit and loss account
 11 
63,762
53,948

  
145,884
160,820


Page 1

 
MISS MICHELLE WYATT LIMITED
REGISTERED NUMBER: 07739450
    
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 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 profit and loss account 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 by: 




Mr I Morrison
Director

Date: 28 November 2024

The notes on pages 4 to 11 form part of these financial statements.

Page 2

 
MISS MICHELLE WYATT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 April 2022
100
101,522
133,192
234,814



Profit for the year
-
-
276,006
276,006

Dividends: Equity capital
-
-
(350,000)
(350,000)

Transfer to/from profit and loss account
-
5,250
(5,250)
-



At 1 April 2023
100
106,772
53,948
160,820



Profit for the year
-
-
185,064
185,064

Dividends: Equity capital
-
-
(200,000)
(200,000)

Transfer to/from profit and loss account
-
(24,750)
24,750
-


At 31 March 2024
100
82,022
63,762
145,884


The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
MISS MICHELLE WYATT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Miss Michelle Wyatt Limited is a private company limited by shares and registered in England and Wales (07739450). The registered office address is 14th Floor Cavendish Square, London, W1G 0PW.

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 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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Rental income
Revenue from the rental property is recognised in the period in which the rental income relates in
accordance with the rental agreement. Rent receivable is invoiced monthly at the beginning of the
month for which the rental income relates.

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
MISS MICHELLE WYATT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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.

 
2.7

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.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Straight line
Fixtures and fittings
-
25%
Reducing balance

Page 5

 
MISS MICHELLE WYATT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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 profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash
Page 6

 
MISS MICHELLE WYATT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)

equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 7

 
MISS MICHELLE WYATT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost


At 1 April 2023
85,639
5,334
90,973


Additions
41,326
1,738
43,064


Disposals
(28,200)
-
(28,200)



At 31 March 2024

98,765
7,072
105,837



Depreciation


At 1 April 2023
35,313
3,966
39,279


Charge for the year on owned assets
27,629
777
28,406


Disposals
(21,150)
-
(21,150)



At 31 March 2024

41,792
4,743
46,535



Net book value



At 31 March 2024
56,973
2,329
59,302



At 31 March 2023
50,326
1,368
51,694


5.


Fixed asset investments





Other fixed asset investments

£



Cost


At 1 April 2023
50,000



At 31 March 2024
50,000




Page 8

 
MISS MICHELLE WYATT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
389,000


Deficit on revaluation
(33,000)



At 31 March 2024
356,000







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
254,391
254,391


7.


Debtors

2024
2023
£
£


Trade debtors
44,358
27,305

Prepayments and accrued income
9,348
7,169

53,706
34,474


Page 9

 
MISS MICHELLE WYATT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
33,072
103,780



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
287,639
352,335

Corporation tax
68,995
60,497

Other taxation and social security
769
791

Other creditors
226
492

Accruals and deferred income
14,155
13,253

371,784
427,368



10.


Deferred taxation




2024


£






At beginning of year
(40,760)


Charged to profit or loss
6,348



At end of year
(34,412)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(14,825)
(12,923)

Revaluation of investment property
(19,587)
(27,837)

(34,412)
(40,760)

Page 10

 
MISS MICHELLE WYATT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Reserves

Other reserves

The Other reserves comprise the revaluations relating to the fixed asset investment property, net of deferred tax on the gain. This is a non distributable reserve.

Profit and loss account

The profit and loss account comprise the balance of the profits accumulated over the life of the company.


12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,081 (2023 - £1,067) . Contributions totalling £493 (2023 - £493) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 11