Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3132023-04-01falseNo description of principal activity3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09731490 2023-04-01 2024-03-31 09731490 2022-04-01 2023-03-31 09731490 2024-03-31 09731490 2023-03-31 09731490 c:Director1 2023-04-01 2024-03-31 09731490 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 09731490 d:FreeholdInvestmentProperty 2024-03-31 09731490 d:FreeholdInvestmentProperty 2023-03-31 09731490 d:CurrentFinancialInstruments 2024-03-31 09731490 d:CurrentFinancialInstruments 2023-03-31 09731490 d:Non-currentFinancialInstruments 2024-03-31 09731490 d:Non-currentFinancialInstruments 2023-03-31 09731490 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09731490 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09731490 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09731490 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09731490 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 09731490 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 09731490 d:ShareCapital 2024-03-31 09731490 d:ShareCapital 2023-03-31 09731490 d:RetainedEarningsAccumulatedLosses 2024-03-31 09731490 d:RetainedEarningsAccumulatedLosses 2023-03-31 09731490 c:FRS102 2023-04-01 2024-03-31 09731490 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09731490 c:FullAccounts 2023-04-01 2024-03-31 09731490 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09731490 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09731490









WIDERANGE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
WIDERANGE LIMITED
REGISTERED NUMBER: 09731490

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,194,756
1,707,156

  
1,194,756
1,707,156

Current assets
  

Stocks
  
577,400
65,000

Debtors: amounts falling due within one year
 5 
106,558
43,385

Cash at bank and in hand
 6 
5,405
269,485

  
689,363
377,870

Creditors: amounts falling due within one year
 7 
(884,966)
(1,140,763)

Net current liabilities
  
 
 
(195,603)
 
 
(762,893)

Total assets less current liabilities
  
999,153
944,263

Creditors: amounts falling due after more than one year
 8 
(28,704)
(32,934)

  

Net assets
  
970,449
911,329


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
970,349
911,229

  
970,449
911,329


Page 1

 
WIDERANGE LIMITED
REGISTERED NUMBER: 09731490
    
BALANCE SHEET (CONTINUED)
AS AT 31 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 by: 




J L Davies
Director

Date: 18 February 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WIDERANGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Widerange Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The company's registered office address is 133 Hammersmith Road, London, W14 0QL.
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:

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.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
WIDERANGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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.


 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

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.

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
WIDERANGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
1,707,156


Disposals
(512,400)



At 31 March 2024
1,194,756

The 2024 valuations were made by the directors, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,194,756
1,707,156

1,194,756
1,707,156


5.


Debtors

2024
2023
£
£


Other debtors
106,459
43,286

Called up share capital not paid
99
99

106,558
43,385



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
5,405
269,485

5,405
269,485


Page 5

 
WIDERANGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,556
6,880

Trade creditors
7,200
-

Corporation tax
14,187
8,873

Other creditors
847,643
1,114,630

Accruals and deferred income
10,380
10,380

884,966
1,140,763



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
28,704
32,934

28,704
32,934



9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,556
6,880


5,556
6,880

Amounts falling due in more than one year

Bank loans
28,704
32,934


28,704
32,934



34,260
39,814


 
Page 6