Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29falseNo description of principal activity2023-03-0122falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13609613 2023-03-01 2024-02-29 13609613 2021-09-08 2023-02-28 13609613 2024-02-29 13609613 2023-02-28 13609613 c:CompanySecretary1 2023-03-01 2024-02-29 13609613 c:Director1 2023-03-01 2024-02-29 13609613 c:Director2 2023-03-01 2024-02-29 13609613 c:RegisteredOffice 2023-03-01 2024-02-29 13609613 d:FreeholdInvestmentProperty 2023-03-01 2024-02-29 13609613 d:FreeholdInvestmentProperty 2024-02-29 13609613 d:FreeholdInvestmentProperty 2023-02-28 13609613 d:CurrentFinancialInstruments 2024-02-29 13609613 d:CurrentFinancialInstruments 2023-02-28 13609613 d:Non-currentFinancialInstruments 2024-02-29 13609613 d:Non-currentFinancialInstruments 2023-02-28 13609613 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13609613 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13609613 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 13609613 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13609613 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 13609613 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 13609613 d:ShareCapital 2024-02-29 13609613 d:ShareCapital 2023-02-28 13609613 d:RetainedEarningsAccumulatedLosses 2024-02-29 13609613 d:RetainedEarningsAccumulatedLosses 2023-02-28 13609613 c:FRS102 2023-03-01 2024-02-29 13609613 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13609613 c:FullAccounts 2023-03-01 2024-02-29 13609613 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13609613 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company registration number: 13609613







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 FEBRUARY 2024


35 RRW WITNEY LIMITED






































                       

 


35 RRW WITNEY LIMITED
 


 
COMPANY INFORMATION


Directors
E Ahlin 
M Weston 




Company secretary
E Ahlin



Registered number
13609613



Registered office
Unit 1 Northolt Trading Estate
Belvue Road

Northolt

Middlesex

UB5 5QS




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


35 RRW WITNEY LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8

 


35 RRW WITNEY LIMITED
REGISTERED NUMBER:13609613



STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
As restated
28 February
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
5,057,008
4,653,500

  
5,057,008
4,653,500

Current assets
  

Debtors: amounts falling due within one year
 5 
805,009
385,004

Cash at bank and in hand
  
66,651
53,186

  
871,660
438,190

Creditors: amounts falling due within one year
 6 
(2,840,959)
(1,965,935)

Net current liabilities
  
 
 
(1,969,299)
 
 
(1,527,745)

Total assets less current liabilities
  
3,087,709
3,125,755

Creditors: amounts falling due after more than one year
 7 
(2,877,091)
(3,008,871)

  

Net assets
  
210,618
116,884

Page 1

 


35 RRW WITNEY LIMITED
REGISTERED NUMBER:13609613


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

29 February
As restated
28 February
2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
210,518
116,784

  
210,618
116,884


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 by: 



................................................
E Ahlin
Director

Date: 28 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


35 RRW WITNEY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

35 RRW Witney Limited is a private company, limited by shares, registered in England and Wales. The company's
registered number and registered office can be found on the Company information page.
The financial statements for the comparative period ending 28th February 2023  have been prepared from the date of incorporation 8 September 2021 to the year end date of  28 February 2023. The previous period was extended in order to bring the year end in line with other associated group companies.
The principal activity of the company during the year was that of a property investment company.

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 company has net current liabilities of £1,969,299 (2023: £1,527,745), including £2,667,149 (2023: £1,784,727) from connected companies within the DEWA AWED Group.
The directors have considered the various connections and intentions of the connected companies when assessing the status of the company and have continued to prepare these accounts on a going concern basis 

 
2.3

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.

 
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 3

 


35 RRW WITNEY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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 reporting date in the countries where the Company operates and generates income.

 
2.7

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.

 
2.8

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.

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.




3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 


35 RRW WITNEY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
4,653,500


Additions at cost
403,508



At 29 February 2024
5,057,008

Enter Text here - user input

The 2024 valuations were made by the directors, on an open market value for existing use basis.






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

29 February
28 February
2024
2023
£
£


Historic cost
5,057,008
4,653,500

5,057,008
4,653,500
Page 5

 


35 RRW WITNEY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
805,009
385,004

805,009
385,004



6.


Creditors: Amounts falling due within one year

29 February
As restated
28 February
2024
2023
£
£

Bank loans
131,779
137,853

Corporation tax
30,364
31,688

Other taxation and social security
11,667
11,667

Other creditors
2,667,149
1,784,727

2,840,959
1,965,935


Bank loans totalling £131,779 (2023: £137,853) are secured by way of fixed and floating charges over the property of the company. 


7.


Creditors: Amounts falling due after more than one year

29 February
As restated
28 February
2024
2023
£
£

Bank loans
2,877,091
3,008,871

2,877,091
3,008,871


Bank loans totalling £2,877,091 (2023: £3,008,871) are secured by way of fixed and floating charges over the property of the company. 

Page 6

 


35 RRW WITNEY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Loans


Analysis of the maturity of loans is given below:


29 February
2024
£

Amounts falling due within one year

Bank loans
131,779


131,779

Amounts falling due 1-2 years

Bank loans
1,571,012


1,571,012

Amounts falling due 2-5 years

Bank loans
1,306,079


1,306,079


3,008,870


Bank loans totalling £3,008,870 (2023: £3,146,724) are secured by way of fixed and floating charges over the property of the company.

Page 7

 


35 RRW WITNEY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Prior year adjustment

As a result of an allocation error, the prior year figures in these financial statements have been restated to reflect the correct treatment.
There is no effect on profit or retained earnings.
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Page 8