Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-302024-03-30false2023-03-31falseProperty Development60falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09079325 2023-03-31 2024-03-30 09079325 2022-04-01 2023-03-30 09079325 2024-03-30 09079325 2023-03-30 09079325 2022-04-01 09079325 c:Director1 2023-03-31 2024-03-30 09079325 d:CurrentFinancialInstruments 2024-03-30 09079325 d:CurrentFinancialInstruments 2023-03-30 09079325 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-30 09079325 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-30 09079325 d:ShareCapital 2024-03-30 09079325 d:ShareCapital 2023-03-30 09079325 d:ShareCapital 2022-04-01 09079325 d:RetainedEarningsAccumulatedLosses 2023-03-31 2024-03-30 09079325 d:RetainedEarningsAccumulatedLosses 2024-03-30 09079325 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-30 09079325 d:RetainedEarningsAccumulatedLosses 2023-03-30 09079325 d:RetainedEarningsAccumulatedLosses 2022-04-01 09079325 c:FRS102 2023-03-31 2024-03-30 09079325 c:AuditExempt-NoAccountantsReport 2023-03-31 2024-03-30 09079325 c:FullAccounts 2023-03-31 2024-03-30 09079325 c:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 09079325 2 2023-03-31 2024-03-30 09079325 6 2023-03-31 2024-03-30 09079325 e:PoundSterling 2023-03-31 2024-03-30 iso4217:GBP xbrli:pure

Registered number: 09079325










WRENBRIDGE (COLWORTH PROJECT MANAGEMENT) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 MARCH 2024

 
WRENBRIDGE (COLWORTH PROJECT MANAGEMENT) LIMITED
 

CONTENTS



Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7


 
WRENBRIDGE (COLWORTH PROJECT MANAGEMENT) LIMITED
REGISTERED NUMBER: 09079325

BALANCE SHEET
AS AT 30 MARCH 2024

RESTATED
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
6,542
1,542

  
6,542
1,542

Current assets
  

Debtors: amounts falling due within one year
 5 
23,730
15,430

Cash at bank and in hand
  
-
15,082

  
23,730
30,512

Creditors: amounts falling due within one year
 6 
(11,738)
(8,125)

Net current assets
  
 
 
11,992
 
 
22,387

Total assets less current liabilities
  
18,534
23,929

  

Net assets
  
18,534
23,929


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
18,531
23,926

  
18,534
23,929


Page 1

 
WRENBRIDGE (COLWORTH PROJECT MANAGEMENT) LIMITED
REGISTERED NUMBER: 09079325
    
BALANCE SHEET (CONTINUED)
AS AT 30 MARCH 2024

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 on 13 February 2025.




C A Allen
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
WRENBRIDGE (COLWORTH PROJECT MANAGEMENT) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 31 March 2022
3
61,535
61,538


Comprehensive loss for the year

Loss for the year
-
(37,609)
(37,609)



At 30 March 2023 RESTATED
3
23,926
23,929


Comprehensive loss for the year

Loss for the year
-
(5,395)
(5,395)


At 30 March 2024
3
18,531
18,534


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
WRENBRIDGE (COLWORTH PROJECT MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

1.


General information

Wrenbridge (Colworth Project Management) Limited is a Limited Company, registered in England and Wales, registration number 09079325. The address of the registered office is Third Floor Queensbury House, 3 Old Burlington Street, London, W1S 3AE.

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

At the time of approving the financial statements, the directors have a reasonable expectation that
the company has adequate resources to continue in operational existence for the foreseeable future.
Therefore, the directors continue to adopt the going concern basis of accounting in preparing the
financial statements.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Valuation of investments

The valuation of the investments in the SPV is based on the entity's entitlement to the proportion of the net assets of the SPV after adjusting for the fair value of the stock held.

 
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.

 
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.

Page 4

 
WRENBRIDGE (COLWORTH PROJECT MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

2.Accounting policies (continued)

 
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.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

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 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.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is 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 creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments 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 creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors 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 5

 
WRENBRIDGE (COLWORTH PROJECT MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 31 March 2023 (as previously stated)
3


Prior Year Adjustment

1,539


At 31 March 2023 (as restated)
1,542


Additions
5,000



At 30 March 2024
6,542





5.


Debtors

2024
2023
£
£


Other debtors
23,730
15,430

23,730
15,430



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1,363
-

Other creditors
1,125
1,125

Accruals and deferred income
9,250
7,000

11,738
8,125


Page 6

 
WRENBRIDGE (COLWORTH PROJECT MANAGEMENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024

7.


Prior year adjustment

In the prior year an element of the investment balance had been recorded in debtors. A prior year adjustment has been made to transfer this investment to unlisted investments. This adjustment had no impact on the opening net assets of the Company as at 30 March 2023.
In the prior year the cash at bank balance didn't reconcile. A prior year adjustment has been made to correct the closing 30 March 2023 bank balance in the accounts and recongise the negative turnover. This adjustment has decreased the net assets of the Company as at 30 March 2023 by £23,873.

 
Page 7