Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01false1truefalse 11423161 2023-04-01 2024-03-31 11423161 2022-04-01 2023-03-31 11423161 2024-03-31 11423161 2023-03-31 11423161 c:Director1 2023-04-01 2024-03-31 11423161 d:CurrentFinancialInstruments 2024-03-31 11423161 d:CurrentFinancialInstruments 2023-03-31 11423161 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11423161 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11423161 d:ShareCapital 2024-03-31 11423161 d:ShareCapital 2023-03-31 11423161 d:RetainedEarningsAccumulatedLosses 2024-03-31 11423161 d:RetainedEarningsAccumulatedLosses 2023-03-31 11423161 c:FRS102 2023-04-01 2024-03-31 11423161 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11423161 c:FullAccounts 2023-04-01 2024-03-31 11423161 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11423161 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11423161










WILLESDEN HOLDINGS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
WILLESDEN HOLDINGS LIMITED
REGISTERED NUMBER: 11423161

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
263,190
316,610

Cash at bank and in hand
 5 
13,130
70,443

  
276,320
387,053

Creditors: amounts falling due within one year
 6 
(324,961)
(428,511)

Net current liabilities
  
 
 
(48,641)
 
 
(41,458)

Total assets less current liabilities
  
(48,641)
(41,458)

  

Net liabilities
  
(48,641)
(41,458)


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
(48,841)
(41,658)

  
(48,641)
(41,458)


Page 1

 
WILLESDEN HOLDINGS LIMITED
REGISTERED NUMBER: 11423161
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 director acknowledges his 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: 



P Mahoney
Director

Date: 28 March 2025

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

Page 2

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

1.


General information

Willesden Holdings Limited is a private company, limited by shares, incorporated in England and Wales. The registered office address of the company is 6th Floor, 2 London Wall Place, London, United Kingdom, EC2Y 5AU.

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 financial statements have been prepared in pounds sterling, the functional currency, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has assessed the use of going concern and has considered possible events or conditions that might cast significant doubt on the ability of the company to continue as a going concern for a period of at least twelve months from the date of the approval of these financial statements. The director has concluded that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the company's ability to continue as a going concern. The director, therefore, continues to adopt the going concern basis in preparing these financial statements.

 
2.3

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.

 
2.4

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.

 
2.5

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.

 
2.6

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
Page 3

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

2.Accounting policies (continued)


2.6
Financial instruments (continued)

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 receivables, cash and bank balances, are initially measured at their transaction price including transaction costs 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 receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments 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 payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using
Page 4

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

2.Accounting policies (continued)


2.6
Financial instruments (continued)

the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




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


4.


Debtors

2024
2023
£
£


Other debtors
263,190
316,610

263,190
316,610



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
13,130
70,443

13,130
70,443


Page 5

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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
250,000
250,000

Other creditors
72,961
176,511

Accruals and deferred income
2,000
2,000

324,961
428,511



7.


Related party transactions

During the year the company made advances to the director of £103,550 (2023: £3,932) and received payments of £270 (2023: £nil). The balance due to the director at the year end was £58,711 (2023: £159,990). The amount is unsecured, interest free and repayable on demand. The balance is included in Other creditors.
Included within Other loans at the balance sheet date is an amount owed to CJW Holdings Limited of £250,000 (2023: £250,000), the company's parent company, in the form of a loan. The loan is unsecured, interest free and repayable on demand.
Included within Other debtors at the balance sheet date is an amount due from Maker Works Ltd of £246,940 (2023: £300,360). The amount is interest free and repayable on demand. The director of Willesden Holdings Limited is also a director of Maker Works Ltd.

 
Page 6