Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30trueThe principal activity of the company continued to be that of the promotion of healthy recreation activities through appearances, books and video.truefalse2023-07-0133The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09393045 2023-07-01 2024-06-30 09393045 2022-04-01 2023-06-30 09393045 2024-06-30 09393045 2023-06-30 09393045 c:Director1 2023-07-01 2024-06-30 09393045 d:PlantMachinery 2023-07-01 2024-06-30 09393045 d:PlantMachinery 2024-06-30 09393045 d:PlantMachinery 2023-06-30 09393045 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09393045 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-06-30 09393045 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-06-30 09393045 d:FreeholdInvestmentProperty 2024-06-30 09393045 d:FreeholdInvestmentProperty 2023-06-30 09393045 d:CurrentFinancialInstruments 2024-06-30 09393045 d:CurrentFinancialInstruments 2023-06-30 09393045 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09393045 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09393045 d:ShareCapital 2024-06-30 09393045 d:ShareCapital 2023-06-30 09393045 d:RetainedEarningsAccumulatedLosses 2024-06-30 09393045 d:RetainedEarningsAccumulatedLosses 2023-06-30 09393045 c:OrdinaryShareClass1 2023-07-01 2024-06-30 09393045 c:OrdinaryShareClass1 2024-06-30 09393045 c:OrdinaryShareClass1 2023-06-30 09393045 c:FRS102 2023-07-01 2024-06-30 09393045 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09393045 c:FullAccounts 2023-07-01 2024-06-30 09393045 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09393045 2 2023-07-01 2024-06-30 09393045 6 2023-07-01 2024-06-30 09393045 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09393045














JOE WICKS LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
JOE WICKS LTD
REGISTERED NUMBER:09393045

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
-
19

Investments
 6 
1,507,584
1,507,584

Investment property
 7 
1,616,577
1,616,577

  
3,124,161
3,124,180

Current assets
  

Debtors: amounts falling due within one year
 8 
259,167
264,126

Cash at bank and in hand
 9 
78,758
519,879

  
337,925
784,005

Creditors: amounts falling due within one year
 10 
(254,925)
(404,867)

Net current assets
  
 
 
83,000
 
 
379,138

Total assets less current liabilities
  
3,207,161
3,503,318

  

Net assets
  
3,207,161
3,503,318


Capital and reserves
  

Called up share capital 
 11 
200
200

Profit and loss account
  
3,206,961
3,503,118

  
3,207,161
3,503,318


Page 1

 
JOE WICKS LTD
REGISTERED NUMBER:09393045
    
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 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 profit and loss account 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 T Wicks
Director

Date: 19 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
JOE WICKS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Joe Wicks Ltd is a private company, limited by shares, registered in England and Wales, registration number 09393045
During the year, the company changed its registered office address from 164 Walkden Road, Worsley, Manchester, M28 7DP to its current registered office address Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company continued to be that of the promotion of healthy recreation activities through appearances, books and video.

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

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

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 year 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 that relate to cash are presented in the profit and loss account within 'administrative expenses'.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from ambassador services is recognised when it is probable the company will receive the rights to the consideration due under the contract.

 
2.4

Interest income

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

 
2.5

Finance costs

Finance costs are charged to the 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.

Page 3

 
JOE WICKS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

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 corporation 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.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

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:

Plant and machinery
-
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.

 
2.9

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 the profit or loss.

 
2.10

 Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the year. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 4

 
JOE WICKS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

 Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.12

 Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.13

 Creditors

Short-term creditors are measured at the transaction price. 

 
2.14

 Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities such as trade and other debtors, other creditors, and loans with related parties.

 
2.15

 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.


3.


Employees

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

Page 5

 
JOE WICKS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Trademarks

£



Cost


At 1 July 2023
75,605



At 30 June 2024

75,605



Amortisation


At 1 July 2023
75,605



At 30 June 2024

75,605



Net book value



At 30 June 2024
-



At 30 June 2023
-




5.


Tangible fixed assets





Plant and machinery

£



Cost 


At 1 July 2023
44,060



At 30 June 2024

44,060



Depreciation


At 1 July 2023
44,041


Charge for the year
19



At 30 June 2024

44,060



Net book value



At 30 June 2024
-



At 30 June 2023
19

Page 6

 
JOE WICKS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Fixed asset investments





Other investments

£



Cost 


At 1 July 2023
1,507,584



At 30 June 2024
1,507,584





7.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
1,616,577



At 30 June 2024
1,616,577

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



8.


Debtors

2024
2023
£
£


Trade debtors
3,975
93,971

Other debtors
253,187
170,000

Prepayments
2,005
155

259,167
264,126



9.


Cash

2024
2023
£
£

Cash at bank
78,758
519,879


Page 7

 
JOE WICKS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Creditors: amounts falling due within one year

2024
2023
£
£

Corporation tax
225,404
356,120

Other taxation and social security
2,746
18,682

Other creditors
12,118
28,188

Accruals and deferred income
14,657
1,877

254,925
404,867



11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200 (2023 - 200) ordinary shares of £1.00 each
200
200



12.


Transactions with directors

As at the year end, the director owed the company £133,186 (2023 - the company owed the director £764). The loan is unsecured, repayable on demand and interest has been charged at an official rate.


13.


Related party transactions

No disclosure has been made of transactions with other wholly owned group companies in accordance with FRS 102 Section 1A paragraph 1AC.35, as the company is itself a wholly owned subsidiary of Joe Wicks Group Limited.
 
Page 8