Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3011trueNo description of principal activityfalsetrue2023-05-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10924286 2023-05-01 2024-04-30 10924286 2022-05-01 2023-04-30 10924286 2024-04-30 10924286 2023-04-30 10924286 c:Director1 2023-05-01 2024-04-30 10924286 d:CurrentFinancialInstruments 2024-04-30 10924286 d:CurrentFinancialInstruments 2023-04-30 10924286 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10924286 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10924286 d:ShareCapital 2024-04-30 10924286 d:ShareCapital 2023-04-30 10924286 d:RetainedEarningsAccumulatedLosses 2024-04-30 10924286 d:RetainedEarningsAccumulatedLosses 2023-04-30 10924286 c:FRS102 2023-05-01 2024-04-30 10924286 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10924286 c:FullAccounts 2023-05-01 2024-04-30 10924286 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10924286 6 2023-05-01 2024-04-30 10924286 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 10924286










WEC HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
WEC HOLDINGS LIMITED
REGISTERED NUMBER: 10924286

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
  
100
100

  
100
100

Current assets
  

Debtors: amounts falling due within one year
  
285,690
217,000

Cash at bank and in hand
  
50,263
84,869

  
335,953
301,869

Creditors: amounts falling due within one year
  
(344,610)
(308,805)

Net current liabilities
  
 
 
(8,657)
 
 
(6,936)

Total assets less current liabilities
  
(8,557)
(6,836)

Net liabilities
  
(8,557)
(6,836)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(8,657)
(6,936)

  
(8,557)
(6,836)


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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
WEC HOLDINGS LIMITED
REGISTERED NUMBER: 10924286

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S Kheterpal
Director

Date: 31 January 2025

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

Page 2

 
WEC HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

WEC Holdings Limited is a private company, limited by share capital and incorporated in England and Wales.
The company's registered office address is 2 Communications Road, Greenham Business Park, Greenham, Newbury, Berkshire, RG19 6AB.

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 made a loss of £1,721 during the year (2023: £1,281) and at the balance sheet date had net liabilities of £8,557 (2023: £6,936). Included within net current liabilities is a balance due to The Windsor Eye Clinic Limited, a company under common control, of £343,110 (2023: £307,791). The Windsor Eye Clinic Limited have confirmed that they will not recall this loan within twelve months of the date of approval of these financial statements and that they will provide additional financial support if required. On this basis, the director is satisfied that it is appropriate to prepare the financial statements on a going concern basis.

 
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

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.

 
2.6

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.

Page 3

 
WEC HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

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 debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) 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 debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
100



At 30 April 2024
100





5.


Debtors

2024
2023
£
£

Amounts owed by group undertakings
266,400
216,900

Other debtors
19,190
-

Called up share capital not paid
100
100

285,690
217,000


Page 4

 
WEC HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
50,263
84,869

50,263
84,869



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
343,110
307,791

Accruals and deferred income
1,500
1,014

344,610
308,805



8.


Related party transactions

At the year end there was a balance of £266,400 (2023: £216,900) due from WEC Properties Limited, a wholly owned subsidiary of the company.
At the year end there was a balance of £343,110 (2023: £307,791) due to The Windsor Eye Clinic Limited, a company under common control.
At the year end there was a balance of £19,190 (2023: £nil) due to the company from its director.


9.


Controlling party

The company is controlled by its directors.


Page 5