Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-20falsetrueInvestment company2023-09-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13559817 2023-09-01 2024-08-31 13559817 2022-09-01 2023-08-31 13559817 2024-08-31 13559817 2023-08-31 13559817 2022-09-01 13559817 c:PriorPeriodIncreaseDecrease 2023-09-01 2024-08-31 13559817 d:Director1 2023-09-01 2024-08-31 13559817 c:CurrentFinancialInstruments 2024-08-31 13559817 c:CurrentFinancialInstruments 2023-08-31 13559817 c:Non-currentFinancialInstruments 2024-08-31 13559817 c:Non-currentFinancialInstruments 2023-08-31 13559817 c:CurrentFinancialInstruments c:WithinOneYear 2024-08-31 13559817 c:CurrentFinancialInstruments c:WithinOneYear 2023-08-31 13559817 c:Non-currentFinancialInstruments c:AfterOneYear 2024-08-31 13559817 c:Non-currentFinancialInstruments c:AfterOneYear 2023-08-31 13559817 c:ShareCapital 2024-08-31 13559817 c:ShareCapital 2023-08-31 13559817 c:ShareCapital 2022-09-01 13559817 c:SharePremium 2023-09-01 2024-08-31 13559817 c:SharePremium 2024-08-31 13559817 c:SharePremium c:PriorPeriodIncreaseDecrease 2023-09-01 2024-08-31 13559817 c:SharePremium 2022-09-01 2023-08-31 13559817 c:SharePremium 2023-08-31 13559817 c:SharePremium 2022-09-01 13559817 c:OtherMiscellaneousReserve 2023-09-01 2024-08-31 13559817 c:OtherMiscellaneousReserve 2024-08-31 13559817 c:OtherMiscellaneousReserve c:PriorPeriodIncreaseDecrease 2023-09-01 2024-08-31 13559817 c:OtherMiscellaneousReserve 2022-09-01 2023-08-31 13559817 c:OtherMiscellaneousReserve 2023-08-31 13559817 c:OtherMiscellaneousReserve 2022-09-01 13559817 c:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 13559817 c:RetainedEarningsAccumulatedLosses 2024-08-31 13559817 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2023-09-01 2024-08-31 13559817 c:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 13559817 c:RetainedEarningsAccumulatedLosses 2023-08-31 13559817 c:RetainedEarningsAccumulatedLosses 2022-09-01 13559817 d:FRS102 2023-09-01 2024-08-31 13559817 d:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 13559817 d:FullAccounts 2023-09-01 2024-08-31 13559817 d:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13559817 6 2023-09-01 2024-08-31 13559817 e:PoundSterling 2023-09-01 2024-08-31 13559817 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2023-09-01 2024-08-31 13559817 c:RetainedEarningsAccumulatedLosses c:PreviouslyStatedAmount 2023-08-31 13559817 c:PreviouslyStatedAmount 2023-08-31 iso4217:GBP xbrli:pure
Registered number: 13559817






FALCO WMH 2 LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










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FALCO WMH 2 LIMITED
REGISTERED NUMBER:13559817

BALANCE SHEET
AS AT 31 AUGUST 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
900,000
900,000

  
900,000
900,000

Current assets
  

Debtors: amounts falling due after more than one year
 5 
2,230,683
2,322,345

Debtors: amounts falling due within one year
 5 
202,753
2,753

  
2,433,436
2,325,098

Creditors: amounts falling due within one year
 6 
(8,389)
(7,218)

Net current assets
  
 
 
2,425,047
 
 
2,317,880

Total assets less current liabilities
  
3,325,047
3,217,880

Creditors: amounts falling due after more than one year
 7 
(2,511,847)
(2,330,894)

  

Net assets
  
813,200
886,986


Capital and reserves
  

Called up share capital 
  
30
30

Share premium account
 8 
2,945
2,945

Other reserves
 8 
460,177
641,130

Profit and loss account
 8 
350,048
242,881

  
813,200
886,986


Page 1

 
FALCO WMH 2 LIMITED
REGISTERED NUMBER:13559817
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 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 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: 




R S Anderson
Director

Date: 20 May 2025

Page 2

 
FALCO WMH 2 LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Share premium account
Other reserves
Profit and loss account
Total equity

£
£
£
£
£


At 1 September 2022
30
2,945
809,048
130,368
942,391


Comprehensive income for the year

Loss for the year
-
-
-
(55,405)
(55,405)

Transfer to/from profit and loss account
-
-
(167,918)
167,918
-



At 1 September 2023 (as previously stated)
30
2,945
641,130
290,053
934,158

Prior year adjustment - correction of error
-
-
-
(47,172)
(47,172)


At 1 September 2023 (as restated)
30
2,945
641,130
242,881
886,986


Comprehensive income for the year

Loss for the year
-
-
-
(73,786)
(73,786)

Transfer to/from profit and loss account
-
-
(180,953)
180,953
-


At 31 August 2024
30
2,945
460,177
350,048
813,200


Page 3

 
FALCO WMH 2 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Falco WMH 2 Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS4 1DB.
The principal activity continued to be that of an investment 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

Revenue

Revenue comprises of interest receivable on amounts loaned to group undertakings.

 
2.3

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 income 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.


 
2.4

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 Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
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.

Page 4

 
FALCO WMH 2 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
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.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 September 2023
900,000



At 31 August 2024
900,000




Page 5

 
FALCO WMH 2 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

As restated
2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
2,230,683
2,322,345

2,230,683
2,322,345


As restated
2024
2023
£
£

Due within one year

Other debtors
202,753
2,753

202,753
2,753



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
120

Amounts owed to group undertakings
6,389
5,098

Accruals and deferred income
2,000
2,000

8,389
7,218



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
2,511,847
2,330,894

2,511,847
2,330,894


Page 6

 
FALCO WMH 2 LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Reserves

Share premium account

The share premium reserves represent the amount above the nominal value received for shares sold, less transaction costs.

Other reserves

The company has shares issued at a premium and a loan from each of the shareholders. The loan did not have any interest attached to it and in accordance with FRS102 the loan has been discounted to present value. The difference between the amount received and the present value has been recognised as a capital contribution in other reserves. The reserves in respect of the capital contribution are not distributable. An annual transfer to the profit and loss account for the amount that has been realised is made at each year end.

Profit and loss account

The profit and loss reserve comprises the cumulative retained profits and losses. All reserves in respect of profit and loss are distributable.


9.


Prior year adjustment

The interest receivable has been restated by £47,995 to correctly reflect the interest receivable on amounts due from group undertakings. The effect of this has reduced the amounts owed to group undertakings within debtors. This has resulted in a reduction in corporation tax of £823.

 
Page 7