Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-302023-05-01truefalseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10371567 2023-05-01 2024-04-30 10371567 2022-05-01 2023-04-30 10371567 2024-04-30 10371567 2023-04-30 10371567 c:Director1 2023-05-01 2024-04-30 10371567 d:CurrentFinancialInstruments 2024-04-30 10371567 d:CurrentFinancialInstruments 2023-04-30 10371567 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10371567 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10371567 d:ShareCapital 2024-04-30 10371567 d:ShareCapital 2023-04-30 10371567 d:RetainedEarningsAccumulatedLosses 2024-04-30 10371567 d:RetainedEarningsAccumulatedLosses 2023-04-30 10371567 c:FRS102 2023-05-01 2024-04-30 10371567 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10371567 c:FullAccounts 2023-05-01 2024-04-30 10371567 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10371567 2 2023-05-01 2024-04-30 10371567 6 2023-05-01 2024-04-30 10371567 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 10371567


 







B WALLIS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
B WALLIS LIMITED
REGISTERED NUMBER: 10371567

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,254
1,254

  
1,254
1,254

Current assets
  

Debtors: amounts falling due within one year
 5 
1
200,001

Cash at bank and in hand
 6 
39
53

  
40
200,054

Creditors: amounts falling due within one year
 7 
(320,840)
(520,840)

Net current liabilities
  
 
 
(320,800)
 
 
(320,786)

Total assets less current liabilities
  
(319,546)
(319,532)

  

Net liabilities
  
(319,546)
(319,532)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(319,547)
(319,533)

  
(319,546)
(319,532)


Page 1

 
B WALLIS LIMITED
REGISTERED NUMBER: 10371567
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 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: 




N S Norman
Director

Date: 29 April 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
B WALLIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

B Wallis Limited is a private company limited by shares and incorporated in England and Wales (registered number: 10371567).
The registered office 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 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

Going concern

The financial statements have been prepared on the going concern basis. The company is dependent on the director and shareholder for financial support, which the director is confident will continue for a period of at least another 12 months following the approval of these financial statements.
As at 30 April 2024, the company had net liabilities of £319,547. The director and shareholder has indicated their present intention to provide adequate finance to enable the company to continue in operational existence, and on this basis the director 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 director and shareholder.

 
2.3

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

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.

Page 3

 
B WALLIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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.

 
2.7

Interest income

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

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


Employees

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


4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 May 2023
1,254



At 30 April 2024
1,254




Page 4

 
B WALLIS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Other debtors
-
200,000

Called up share capital not paid
1
1

1
200,001



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
39
53

39
53



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
318,340
518,340

Accruals and deferred income
2,500
2,500

320,840
520,840


 
Page 5