Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31false2023-07-18falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15008982 2023-07-17 15008982 2023-07-18 2024-07-31 15008982 2022-07-18 2023-07-17 15008982 2024-07-31 15008982 c:Director2 2023-07-18 2024-07-31 15008982 d:FurnitureFittings 2023-07-18 2024-07-31 15008982 d:FurnitureFittings 2024-07-31 15008982 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-18 2024-07-31 15008982 d:ComputerEquipment 2023-07-18 2024-07-31 15008982 d:ComputerEquipment 2024-07-31 15008982 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-18 2024-07-31 15008982 d:OwnedOrFreeholdAssets 2023-07-18 2024-07-31 15008982 d:PatentsTrademarksLicencesConcessionsSimilar 2024-07-31 15008982 d:ComputerSoftware 2024-07-31 15008982 d:CurrentFinancialInstruments 2024-07-31 15008982 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 15008982 d:ShareCapital 2024-07-31 15008982 d:SharePremium 2024-07-31 15008982 d:RetainedEarningsAccumulatedLosses 2024-07-31 15008982 c:OrdinaryShareClass1 2023-07-18 2024-07-31 15008982 c:OrdinaryShareClass1 2024-07-31 15008982 c:FRS102 2023-07-18 2024-07-31 15008982 c:AuditExempt-NoAccountantsReport 2023-07-18 2024-07-31 15008982 c:FullAccounts 2023-07-18 2024-07-31 15008982 c:PrivateLimitedCompanyLtd 2023-07-18 2024-07-31 15008982 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2023-07-18 2024-07-31 15008982 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-07-18 2024-07-31 15008982 d:ExternallyAcquiredIntangibleAssets 2023-07-18 2024-07-31 15008982 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2023-07-18 2024-07-31 15008982 d:ComputerSoftware d:OwnedIntangibleAssets 2023-07-18 2024-07-31 15008982 e:PoundSterling 2023-07-18 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15008982









WAREHOUSE SPORTS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2024

 
WAREHOUSE SPORTS LTD
REGISTERED NUMBER: 15008982

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
Note
£

Fixed assets
  

Intangible assets
 3 
3,888

Tangible assets
 4 
855

  
4,743

Current assets
  

Debtors: amounts falling due within one year
 5 
24,980

Cash at bank and in hand
 6 
1,282

  
26,262

Creditors: amounts falling due within one year
 7 
(56,144)

Net current (liabilities)/assets
  
 
 
(29,882)

Total assets less current liabilities
  
(25,139)

  

Net (liabilities)/assets
  
(25,139)


Capital and reserves
  

Called up share capital 
 8 
2,030

Share premium account
  
9,980

Profit and loss account
  
(37,149)

  
(25,139)


Page 1

 
WAREHOUSE SPORTS LTD
REGISTERED NUMBER: 15008982
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 Period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 15 April 2025.




R K Chityal
Director

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

Page 2

 
WAREHOUSE SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

Warehouse Sports Ltd is a private company limited by shares, registered in England & Wales, registration number 15008982. The registered address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
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 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.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis. The company is
dependent on the directors and shareholders for financial support, which the directors are confident
will continue for a period of at least another 12 months following the approval of these financial
statements.
As at 31 July 2024, the company had net liabilities of £25,139. The directors and shareholders have
indicated their present intention to provide adequate finance to enable the company to continue in
operational existence, and on this basis the directors considers it appropriate to prepare the
financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of
financial support by the directors and shareholder.

Page 3

 
WAREHOUSE SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

 
2.5

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:

Fixtures and fittings
-
25%
Computer equipment
-
25%

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.

Page 4

 
WAREHOUSE SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
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.


3.


Intangible assets



Patents
Computer software
Total

£
£
£



Cost


Additions
1
4,110
4,111



At 31 July 2024

1
4,110
4,111



Amortisation


Charge for the Period on owned assets
-
223
223



At 31 July 2024

-
223
223



Net book value



At 31 July 2024
1
3,887
3,888



Page 5

 
WAREHOUSE SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


Additions
470
499
969



At 31 July 2024

470
499
969



Depreciation


Charge for the Period on owned assets
4
110
114



At 31 July 2024

4
110
114



Net book value



At 31 July 2024
466
389
855


5.


Debtors

2024
£


Other debtors
5,546

Prepayments and accrued income
19,434

24,980



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
1,282

1,282


Page 6

 
WAREHOUSE SPORTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

7.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
408

Other creditors
53,236

Accruals and deferred income
2,500

56,144



8.


Share capital

2024
£
Allotted, called up and fully paid


203,040 Ordinary shares shares of £0.01 each
2,030


At the 18th July 2023, the company was incorporated with an initial share capital of 1,000 Ordinary shares of £0.01 each. During the period, the company issued an additional 200,000 Ordinary shares and 2,040 Ordinary shares on the 12th of April 2024 and 16th of April 2024 respectively, at a nominal value of £0.01 per share, resulting in total issued share capital of £2,030 as of 31st July 2024.

 
Page 7