Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-03-01falseNo description of principal activity11falsetruefalse 13210572 2023-03-01 2024-02-29 13210572 2022-03-01 2023-02-28 13210572 2024-02-29 13210572 2023-02-28 13210572 c:Director1 2023-03-01 2024-02-29 13210572 d:PlantMachinery 2023-03-01 2024-02-29 13210572 d:PlantMachinery 2024-02-29 13210572 d:PlantMachinery 2023-02-28 13210572 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13210572 d:FreeholdInvestmentProperty 2024-02-29 13210572 d:FreeholdInvestmentProperty 2023-02-28 13210572 d:CurrentFinancialInstruments 2024-02-29 13210572 d:CurrentFinancialInstruments 2023-02-28 13210572 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13210572 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13210572 d:ShareCapital 2024-02-29 13210572 d:ShareCapital 2023-02-28 13210572 d:RetainedEarningsAccumulatedLosses 2024-02-29 13210572 d:RetainedEarningsAccumulatedLosses 2023-02-28 13210572 c:FRS102 2023-03-01 2024-02-29 13210572 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13210572 c:FullAccounts 2023-03-01 2024-02-29 13210572 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13210572 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 13210572









OULDS & WYATT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
OULDS & WYATT LTD
REGISTERED NUMBER: 13210572

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,283
668

Investment property
 5 
1,109,161
1,109,161

  
1,111,444
1,109,829

Current assets
  

Debtors: amounts falling due within one year
 6 
23,222
138

  
23,222
138

Creditors: amounts falling due within one year
 7 
(1,106,251)
(1,097,342)

Net current liabilities
  
 
 
(1,083,029)
 
 
(1,097,204)

Total assets less current liabilities
  
28,415
12,625

  

Net assets
  
28,415
12,625


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
28,315
12,525

  
28,415
12,625


The director considers 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 director acknowledges his 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.
 
Page 1

 
OULDS & WYATT LTD
REGISTERED NUMBER: 13210572
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024


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 by: 




M R Oulds
Director

Date: 29 November 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
OULDS & WYATT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Oulds & Wyatt Ltd is a company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is Ground Floor, 45 Pall Mall, London, SW1Y 5JG.

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.

 
2.2

Revenue

Revenue is recognised in respect of the period for which rent is due to the company.

 
2.3

Taxation

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.


 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%

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.

Page 3

 
OULDS & WYATT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers 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

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 1 (2023 - 1).


4.


Tangible fixed assets







Plant and machinery

£



Cost or valuation


At 1 March 2023
815


Additions
2,108



At 29 February 2024

2,923



Depreciation


At 1 March 2023
148


Charge for the year on owned assets
492



At 29 February 2024

640



Net book value



At 29 February 2024
2,283



At 28 February 2023
668

Page 4

 
OULDS & WYATT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
1,109,161



At 29 February 2024
1,109,161







6.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
1,100
-

Other debtors
10,972
-

Prepayments and accrued income
11,150
138

23,222
138



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Corporation tax
4,111
1,725

Other creditors
1,098,124
1,090,797

Accruals and deferred income
4,016
4,820

1,106,251
1,097,342



8.


Related party transactions

At the balance sheet date, M Oulds, a director, was owed £1,098,125 (2023: £1,088,358) by the company.

 
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