Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01Buying and selling of own real estate2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetruefalse2false 13732204 2023-01-01 2023-12-31 13732204 2021-11-09 2022-12-31 13732204 2023-12-31 13732204 2022-12-31 13732204 c:Director2 2023-01-01 2023-12-31 13732204 d:CurrentFinancialInstruments 2023-12-31 13732204 d:CurrentFinancialInstruments 2022-12-31 13732204 d:Non-currentFinancialInstruments 2023-12-31 13732204 d:Non-currentFinancialInstruments 2022-12-31 13732204 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13732204 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13732204 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13732204 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13732204 d:ShareCapital 2023-12-31 13732204 d:ShareCapital 2022-12-31 13732204 c:FRS102 2023-01-01 2023-12-31 13732204 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13732204 c:FullAccounts 2023-01-01 2023-12-31 13732204 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13732204 6 2023-01-01 2023-12-31 13732204 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13732204










WOOL TAILOR HOLDCO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
WOOL TAILOR HOLDCO LIMITED
REGISTERED NUMBER: 13732204

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
                                                                            Note
£
£

Fixed assets
  

Investments in subsidiaries
 4 
1
1

Current assets
  

Debtors: amounts falling due after more than one year
 5 
15,721,374
11,996,371

Debtors: amounts falling due within one year
 5 
1
1

Creditors: amounts falling due within one year
 6 
1
1

Net current assets
  
 
 
15,721,374
 
 
11,996,371

Total assets less current liabilities
  
15,721,375
11,996,372

Creditors: amounts falling due after more than one year
 7 
(15,721,374)
(11,996,371)

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
  
1
1

  
1
1


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 by: 


................................................
T P Yantz
Director

Date: 26 November 2024

The notes on pages 2 to 5 form part of these financial statements.
Page 1

 
WOOL TAILOR HOLDCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Wool Tailor HoldCo Limited is a private limited company, limited by shares, registered in England and Wales, registration number 13732204. The registered office and trading address is 50 Great Marlborough Street, London, W1F 7JS.
The principal activity of the Company is that of a holding company.
The Company's functional and presentational currency is GBP.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue consists of interest receivable.
Interest receivable on loans and advances at amortised cost is calculated using the effective interest method which allocates interest, and direct and incremental costs, over the life of the assets.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

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.

 
2.6

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 Statement of financial position when the Company becomes party to the contractual provisions of the instrument.
Page 2

 
WOOL TAILOR HOLDCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)


Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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.
Page 3

 
WOOL TAILOR HOLDCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)


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.


3.


Employees

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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2023
1



At 31 December 2023
1




Page 4

 
WOOL TAILOR HOLDCO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£

Due after more than one year

Amounts owed from group undertakings
15,721,374
11,996,371


2023
2022
£
£

Due within one year

Called up share capital not paid
1
1



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
1
1



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts owed to group undertakings
15,721,374
11,996,371



8.


Related party transactions

Included in debtors due after more than one year, is £15,721,374 (£11,996,371) owed from Wool Tailor PropCo Limited. This shareholder loan is unsecured and incurs interest at 15%. The shareholder loan terminates on 23 June 2027, or such earlier date as specified by the lender.
Included in other creditors due after more than one year is £15,721,374 (£11,996,371) owed to Wool Tailor HoldCo LLC, the parent company. This loan is unsecured and incurs interest at 15%.


9.


Controlling party

The Company's immediate holding company is Wool Tailor HoldCo LLC, which is incorporated in the Delaware, US.
The Company is ultimately owned by Meadow Evergreen LP, which is registered in Delaware, US.

Page 5