Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31false2023-04-01falseManagement consultancy activities2true2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07105153 2023-04-01 2024-03-31 07105153 2022-04-01 2023-03-31 07105153 2024-03-31 07105153 2023-03-31 07105153 c:Director1 2023-04-01 2024-03-31 07105153 d:OfficeEquipment 2023-04-01 2024-03-31 07105153 d:OfficeEquipment 2024-03-31 07105153 d:OfficeEquipment 2023-03-31 07105153 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07105153 d:CurrentFinancialInstruments 2024-03-31 07105153 d:CurrentFinancialInstruments 2023-03-31 07105153 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07105153 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07105153 d:ShareCapital 2024-03-31 07105153 d:ShareCapital 2023-03-31 07105153 d:RetainedEarningsAccumulatedLosses 2024-03-31 07105153 d:RetainedEarningsAccumulatedLosses 2023-03-31 07105153 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07105153 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07105153 c:OrdinaryShareClass1 2023-04-01 2024-03-31 07105153 c:OrdinaryShareClass1 2024-03-31 07105153 c:OrdinaryShareClass2 2023-04-01 2024-03-31 07105153 c:OrdinaryShareClass2 2024-03-31 07105153 c:FRS102 2023-04-01 2024-03-31 07105153 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07105153 c:FullAccounts 2023-04-01 2024-03-31 07105153 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07105153 2 2023-04-01 2024-03-31 07105153 6 2023-04-01 2024-03-31 07105153 d:EntityControlledByKeyManagementPersonnel1 2023-04-01 2024-03-31 07105153 d:EntityControlledByKeyManagementPersonnel1 2024-03-31 07105153 d:EntityControlledByKeyManagementPersonnel2 2023-04-01 2024-03-31 07105153 d:EntityControlledByKeyManagementPersonnel2 2024-03-31 07105153 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07105153









LBWP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
LBWP LIMITED
REGISTERED NUMBER: 07105153

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
95
190

Investments
 5 
15,000
15,000

  
15,095
15,190

Current assets
  

Debtors: amounts falling due within one year
 6 
172,773
108,817

Cash at bank and in hand
 7 
369,557
537,976

  
542,330
646,793

Creditors: amounts falling due within one year
 8 
(34,508)
(57,574)

Net current assets
  
 
 
507,822
 
 
589,219

Total assets less current liabilities
  
522,917
604,409

Provisions for liabilities
  

Deferred tax
 9 
(24)
(48)

Net assets
  
522,893
604,361


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
522,793
604,261

  
522,893
604,361


Page 1

 
LBWP LIMITED
REGISTERED NUMBER: 07105153
    
STATEMENT OF FINANCIAL POSITION (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 on 13 March 2025.




A N Palfrey
Director

Page 2

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

1.


General information

LBWP Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Lynstead 48 Firs Walk, Tewin Wood, Welwyn, Hertfordshire, AL6 0NZ. 
The principal activity of the company continued to be that of business consultancy services for the IT industry.

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

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 3

 
LBWP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 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
-
20%
on 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 the Statement of comprehensive income.

 
2.5

Investments in associates

Associates are held at cost less impairment.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

Page 4

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

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Office equipment

£



Cost


At 1 April 2023
475



At 31 March 2024

475



Depreciation


At 1 April 2023
285


Charge for the year on owned assets
95



At 31 March 2024

380



Net book value



At 31 March 2024
95



At 31 March 2023
190


5.


Fixed asset investments





Investments in associates

£



Cost


At 1 April 2023
15,000



At 31 March 2024
15,000




Page 5

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

6.


Debtors

2024
2023
£
£


Amounts owed by associated undertakings
158,456
108,817

Other debtors
14,317
-

172,773
108,817



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
369,557
537,976

369,557
537,976



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
853

Corporation tax
7,659
44,872

Other creditors
24,449
9,449

Accruals and deferred income
2,400
2,400

34,508
57,574


Page 6

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

9.


Deferred taxation




2024


£






At beginning of year
48


Credited to the Statement of comprehensive income
(24)



At end of year
24

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
24
48

24
48


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



51  Ordinary A shares of £1 each
51
51
49 Ordinary B shares of £1 each
49
49

100

100

The Ordinary A and Ordinary B class shares have voting and capital distribution rights. The shares are a separate class of share for the payment of dividends. The shares rank pari passu in all other respects.


11.


Related party transactions

During the year the company's share of profits from This Partners LLP, an LLP in which the company is a corporate member, amounted to £51,010 (2023 - £246,429). During the year, the company paid £Nil (2023 - £5,000) to This Partners LLP, as a capital addition. At the year end, the company was owed £158,456 (2023 - £108,817) by This Partners LLP.
 
Included within other creditors is an amount of £24,000 (2023 - £9,000) due to a director.
 

12.


Controlling party

A N Palfrey is the ultimate controlling party by virtue of his majority shareholdings.

 
Page 7