Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31true2023-06-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11378550 2023-06-01 2024-05-31 11378550 2022-06-01 2023-05-31 11378550 2024-05-31 11378550 2023-05-31 11378550 c:Director1 2023-06-01 2024-05-31 11378550 d:OfficeEquipment 2023-06-01 2024-05-31 11378550 d:OfficeEquipment 2024-05-31 11378550 d:OfficeEquipment 2023-05-31 11378550 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 11378550 d:CurrentFinancialInstruments 2024-05-31 11378550 d:CurrentFinancialInstruments 2023-05-31 11378550 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 11378550 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11378550 d:ShareCapital 2024-05-31 11378550 d:ShareCapital 2023-05-31 11378550 d:RetainedEarningsAccumulatedLosses 2024-05-31 11378550 d:RetainedEarningsAccumulatedLosses 2023-05-31 11378550 c:FRS102 2023-06-01 2024-05-31 11378550 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11378550 c:FullAccounts 2023-06-01 2024-05-31 11378550 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11378550 6 2023-06-01 2024-05-31 11378550 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 11378550









WHARTON AND COMPANY ENTERTAINMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
WHARTON AND COMPANY ENTERTAINMENT LIMITED
REGISTERED NUMBER: 11378550

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
468
-

Investments
 6 
10
10

  
478
10

Current assets
  

Debtors: amounts falling due within one year
 7 
2,333
929

Cash at bank and in hand
  
5,227
4,772

  
7,560
5,701

Creditors: amounts falling due within one year
 8 
(7,600)
(2,800)

Net current (liabilities)/assets
  
 
 
(40)
 
 
2,901

Total assets less current liabilities
  
438
2,911

  

Net assets
  
438
2,911


Capital and reserves
  

Called up share capital 
  
110
110

Profit and loss account
  
328
2,801

  
438
2,911


Page 1

 
WHARTON AND COMPANY ENTERTAINMENT LIMITED
REGISTERED NUMBER: 11378550
    
STATEMENT OF FINANCIAL POSITION (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 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.

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 on 29 January 2025.



I J Wharton
Director

Page 2

 
WHARTON AND COMPANY ENTERTAINMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Wharton and Company Entertainment Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

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  company  is  the  parent  undertaking  of  a  small  group  and  as  such  is  not  required  by  the Companies  Act  2006  to  prepare  group  accounts.  These  financial  statements  therefore  present information about the company as an individual undertaking and not about its group.

 
2.2

Functional and presentation currency

The Company's functional and presentational currency is GBP.

 
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.
Revenue relates to consultancy services provided to clients during the year. Invoices are raised in arrears of services provided. An assessment is undertaken at the reporting date in respect of work performed that has not been invoiced and an amount is accrued accordingly.

Page 3

 
WHARTON AND COMPANY ENTERTAINMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
straight-line

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

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.
Accruals
The company makes an estimate of accruals at the reporting date based on invoices received after the reporting date and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.


4.


Employees




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

Page 4

 
WHARTON AND COMPANY ENTERTAINMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
558



At 31 May 2024

558



Depreciation


Charge for the year on owned assets
90



At 31 May 2024

90



Net book value



At 31 May 2024
468



At 31 May 2023
-


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 June 2023
10



At 31 May 2024
10




Page 5

 
WHARTON AND COMPANY ENTERTAINMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Debtors

2024
2023
£
£


Trade debtors
2,333
-

Other debtors
-
929

2,333
929



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
4,600
1,300

Accruals and deferred income
3,000
1,500

7,600
2,800



9.


Related party transactions

At the reporting date, the company owed £4,600 (2023: £1,300) to I J Wharton, the director. The loan is interest free, unsecured and repayable on demand.
The company has not entered into any transactions with related parties that are material and that have not been concluded under normal market conditions.

 
Page 6