Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07280401 2023-07-01 2024-06-30 07280401 2022-07-01 2023-06-30 07280401 2024-06-30 07280401 2023-06-30 07280401 c:Director1 2023-07-01 2024-06-30 07280401 c:Director2 2023-07-01 2024-06-30 07280401 d:PlantMachinery 2023-07-01 2024-06-30 07280401 d:PlantMachinery 2024-06-30 07280401 d:PlantMachinery 2023-06-30 07280401 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07280401 d:FurnitureFittings 2023-07-01 2024-06-30 07280401 d:FurnitureFittings 2024-06-30 07280401 d:FurnitureFittings 2023-06-30 07280401 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07280401 d:OfficeEquipment 2023-07-01 2024-06-30 07280401 d:OfficeEquipment 2024-06-30 07280401 d:OfficeEquipment 2023-06-30 07280401 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07280401 d:ComputerEquipment 2023-07-01 2024-06-30 07280401 d:ComputerEquipment 2024-06-30 07280401 d:ComputerEquipment 2023-06-30 07280401 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07280401 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07280401 d:CurrentFinancialInstruments 2024-06-30 07280401 d:CurrentFinancialInstruments 2023-06-30 07280401 d:Non-currentFinancialInstruments 2024-06-30 07280401 d:Non-currentFinancialInstruments 2023-06-30 07280401 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07280401 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07280401 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 07280401 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 07280401 d:ShareCapital 2024-06-30 07280401 d:ShareCapital 2023-06-30 07280401 d:RetainedEarningsAccumulatedLosses 2024-06-30 07280401 d:RetainedEarningsAccumulatedLosses 2023-06-30 07280401 c:FRS102 2023-07-01 2024-06-30 07280401 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07280401 c:FullAccounts 2023-07-01 2024-06-30 07280401 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

07280401







WINTERSON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
30 JUNE 2024

































WINTERSON LIMITED
REGISTERED NUMBER:07280401

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
9,184
25,952

Current assets
  

Stocks
  
318,934
332,625

Debtors: amounts falling due within one year
 5 
1,598
1,003

Cash at bank and in hand
  
9,122
15,530

  
329,654
349,158

Creditors: amounts falling due within one year
 6 
(7,355)
(8,242)

Net current assets
  
 
 
322,299
 
 
340,916

Total assets less current liabilities
  
331,483
366,868

Creditors: amounts falling due after more than one year
 7 
(838,000)
(833,000)

  

Net liabilities
  
(506,517)
(466,132)


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Profit and loss account
  
(508,517)
(468,132)

  
(506,517)
(466,132)


Page 1

WINTERSON LIMITED
REGISTERED NUMBER:07280401
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 were approved and authorised for issue by the board and were signed on its behalf by:

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

 




A Fraser
D Chaya Moghrabi
Director
Director


Date: 14 March 2025
Date:14 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

WINTERSON LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Winterson Limited (the Company) is a limited company domiciled and incorporated in England and Wales.
The address of its registered office is Suite 1, 7th Floor, 50 Broadway, London, SW1H 0BL.
The address of its place of business is 10th Floor, Nova North, 11 Bressenden Place, London, SW1E 5BY.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

Monetary amounts in the financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Turnover

Turnover comprises revenue by the Company in respect of goods and services supplied during the year, exclusive of Value added Tax and trade discounts.
Revenue is recognised on the date the goods are dispatched.

Page 3

WINTERSON LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets and depreciation

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant & machinery
-
20% Straight line
Fixtures & fittings
-
20% Straight line
Office equipment
-
20% Straight line
Website & software
-
33% 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

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimate selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

 
2.6

Debtors

Short-term debtors are measured at transaction price, 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. 

Page 4

WINTERSON LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties. 

 
2.9

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.

 
2.10

 Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in statement of income and retained earnings except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.11

 Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.


3.


Employees

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

Page 5

WINTERSON LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Website development
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
774
1,339
4,584
273,122
279,819


Additions
-
-
-
4,177
4,177



At 30 June 2024

774
1,339
4,584
277,299
283,996



Depreciation


At 1 July 2023
774
1,339
4,155
247,599
253,867


Charge for the year on owned assets
-
-
106
20,839
20,945



At 30 June 2024

774
1,339
4,261
268,438
274,812



Net book value



At 30 June 2024
-
-
323
8,861
9,184



At 30 June 2023
-
-
429
25,523
25,952


5.


Debtors

2024
2023
£
£


Other debtors
1,598
1,003



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,953
1,144

Other taxation and social security
796
1,574

Other creditors
31
1,069

Accruals and deferred income
4,575
4,455

7,355
8,242


Page 6

WINTERSON LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
838,000
833,000



8.


Related party transactions

At the balance sheet date, the directors were owed £838,000 (2023 - £833,000) which is included in other creditors falling due after more than one year. The loan is unsecured and interest-free. The loan is repayable in a single instalment by 31 December 2028.   

 
Page 7