Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06897803 2023-06-01 2024-05-31 06897803 2022-06-01 2023-05-31 06897803 2024-05-31 06897803 2023-05-31 06897803 c:Director1 2023-06-01 2024-05-31 06897803 d:MotorVehicles 2023-06-01 2024-05-31 06897803 d:MotorVehicles 2024-05-31 06897803 d:MotorVehicles 2023-05-31 06897803 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06897803 d:FurnitureFittings 2023-06-01 2024-05-31 06897803 d:FurnitureFittings 2024-05-31 06897803 d:FurnitureFittings 2023-05-31 06897803 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06897803 d:OfficeEquipment 2023-06-01 2024-05-31 06897803 d:OfficeEquipment 2024-05-31 06897803 d:OfficeEquipment 2023-05-31 06897803 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06897803 d:ComputerEquipment 2023-06-01 2024-05-31 06897803 d:ComputerEquipment 2024-05-31 06897803 d:ComputerEquipment 2023-05-31 06897803 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06897803 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 06897803 d:CurrentFinancialInstruments 2024-05-31 06897803 d:CurrentFinancialInstruments 2023-05-31 06897803 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 06897803 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 06897803 d:ShareCapital 2024-05-31 06897803 d:ShareCapital 2023-05-31 06897803 d:RetainedEarningsAccumulatedLosses 2024-05-31 06897803 d:RetainedEarningsAccumulatedLosses 2023-05-31 06897803 c:FRS102 2023-06-01 2024-05-31 06897803 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06897803 c:FullAccounts 2023-06-01 2024-05-31 06897803 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06897803 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 06897803









WHITE COTTAGE LAKE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
WHITE COTTAGE LAKE LIMITED
REGISTERED NUMBER: 06897803

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
20,438
27,250

  
20,438
27,250

Current assets
  

Debtors: amounts falling due within one year
 5 
115,977
78,131

Cash at bank and in hand
 6 
429,254
385,768

  
545,231
463,899

Creditors: amounts falling due within one year
 7 
(47,508)
(40,860)

Net current assets
  
 
 
497,723
 
 
423,039

Total assets less current liabilities
  
518,161
450,289

  

Net assets
  
518,161
450,289


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
518,061
450,189

  
518,161
450,289


Page 1

 
WHITE COTTAGE LAKE LIMITED
REGISTERED NUMBER: 06897803
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

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 her 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: 




N Confino
Director

Date: 9 January 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
WHITE COTTAGE LAKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

White Cottage Lake Limited is a private company, limited by shares and incorporated in England & Wales (registered number: 06897803).
The registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH, and the principal place of business address is White Cottage, Chalvington, Hailsham, BN27 3TF.
The financial statements are presented in Sterling, which is the functional currency of the 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

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
WHITE COTTAGE LAKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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:

Motor vehicles
-
25%
Fixtures and fittings
-
25%
Office equipment
-
25%
Computer equipment
-
25%

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

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.

 
2.6

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.

Page 4

 
WHITE COTTAGE LAKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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

2024
2023
£
£

Wages and salaries
12,500
12,500

Social security costs
469
1,112

12,969
13,612


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
WHITE COTTAGE LAKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
61,193
3,713
3,083
539
68,528



At 31 May 2024

61,193
3,713
3,083
539
68,528



Depreciation


At 1 June 2023
35,377
3,052
2,537
311
41,277


Charge for the year on owned assets
6,454
165
137
57
6,813



At 31 May 2024

41,831
3,217
2,674
368
48,090



Net book value



At 31 May 2024
19,362
496
409
171
20,438



At 31 May 2023
25,816
661
546
227
27,250

Page 6

 
WHITE COTTAGE LAKE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Other debtors
115,977
78,131

115,977
78,131



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
429,254
385,768

429,254
385,768



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
35,166
28,665

Other taxation and social security
9,842
9,125

Other creditors
-
493

Accruals and deferred income
2,500
2,577

47,508
40,860


 
Page 7