Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-132025-05-1922024-01-011falseNo description of principal activitytruetruefalse 14226291 2024-01-01 2024-12-31 14226291 2022-07-11 2023-12-31 14226291 2024-12-31 14226291 2023-12-31 14226291 c:Director1 2024-01-01 2024-12-31 14226291 c:Director2 2024-01-01 2024-12-31 14226291 c:Director2 2024-12-31 14226291 c:RegisteredOffice 2024-01-01 2024-12-31 14226291 d:PlantMachinery 2024-01-01 2024-12-31 14226291 d:PlantMachinery 2024-12-31 14226291 d:PlantMachinery 2023-12-31 14226291 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14226291 d:FurnitureFittings 2024-01-01 2024-12-31 14226291 d:FurnitureFittings 2024-12-31 14226291 d:FurnitureFittings 2023-12-31 14226291 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14226291 d:ComputerEquipment 2024-01-01 2024-12-31 14226291 d:ComputerEquipment 2024-12-31 14226291 d:ComputerEquipment 2023-12-31 14226291 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14226291 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 14226291 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 14226291 d:ComputerSoftware 2024-12-31 14226291 d:ComputerSoftware 2023-12-31 14226291 d:FreeholdInvestmentProperty 2024-12-31 14226291 d:FreeholdInvestmentProperty 2023-12-31 14226291 d:CurrentFinancialInstruments 2024-12-31 14226291 d:CurrentFinancialInstruments 2023-12-31 14226291 d:Non-currentFinancialInstruments 2024-12-31 14226291 d:Non-currentFinancialInstruments 2023-12-31 14226291 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14226291 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14226291 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 14226291 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14226291 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 14226291 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 14226291 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 14226291 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 14226291 d:ShareCapital 2024-12-31 14226291 d:ShareCapital 2023-12-31 14226291 d:RetainedEarningsAccumulatedLosses 2024-12-31 14226291 d:RetainedEarningsAccumulatedLosses 2023-12-31 14226291 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 14226291 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 14226291 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 14226291 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 14226291 d:OtherDeferredTax 2024-12-31 14226291 d:OtherDeferredTax 2023-12-31 14226291 c:FRS102 2024-01-01 2024-12-31 14226291 c:Audited 2024-01-01 2024-12-31 14226291 c:FullAccounts 2024-01-01 2024-12-31 14226291 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14226291 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14226291 2 2024-01-01 2024-12-31 14226291 4 2024-01-01 2024-12-31 14226291 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 14226291 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 14226291







FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2024


WIMBLEDON PARK LIMITED






































img5bb5.png                        

 


WIMBLEDON PARK LIMITED
 


 
COMPANY INFORMATION


Directors
X Ju 
T Munn (appointed 28 March 2024)




Registered number
14226291



Registered office
4th Floor
95 Gresham Street

London

EC2V 7AB




Independent auditors
Menzies LLP
Chartered Accountants & Statutory Auditor

4th Floor

95 Gresham Street

London

EC2V 7AB





 


WIMBLEDON PARK LIMITED
REGISTERED NUMBER:14226291



BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
21,600
24,000

Tangible assets
 5 
22,781
21,885

Investment property
 6 
30,030,000
30,030,000

  
30,074,381
30,075,885

Current assets
  

Debtors: amounts falling due within one year
 7 
50,716
39,894

Cash at bank and in hand
 8 
1,730,949
1,384,936

  
1,781,665
1,424,830

Creditors: amounts falling due within one year
 9 
(1,689,198)
(1,031,528)

Net current assets
  
 
 
92,467
 
 
393,302

Total assets less current liabilities
  
30,166,848
30,469,187

Creditors: amounts falling due after more than one year
 10 
(24,409,747)
(24,352,500)

Provisions for liabilities
  

Deferred tax
 12 
(1,453,660)
(1,528,458)

  
 
 
(1,453,660)
 
 
(1,528,458)

Net assets
  
4,303,441
4,588,229


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
4,303,341
4,588,129

  
4,303,441
4,588,229


Page 1

 


WIMBLEDON PARK LIMITED
REGISTERED NUMBER:14226291


    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

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 on 13 May 2025.




X Ju
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 


WIMBLEDON PARK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Wimbledon Park Ltd is a private company, limited by shares, registered in England and Wales, company registration number 14226291. The registered office is stated on the company information page. 
The Company was incorporated and began trading on 11 July 2022. The prior period financial statements cover the 18-month long period ending 31 December 2023. Consequently, comparative amounts for the statement of comprehensive income and the related notes are not entirely comparable.

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 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. 
Revenue represents rental income recognised in line with rental agreements, with income received in advance of its related rental period being deferred where necessary.
Provision for bad debts are made in respect of debts that the directors believe are unlikely to be recovered based on correspondence with the debtor and their financial position. A provision for bad debt is made for all debts more than 120 days.

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to 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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

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

Page 3

 


WIMBLEDON PARK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.8

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. Amortisation is not recognised in the year of acquisition.

 The estimated useful lives range as follows:

Computer software
-
10
years

 
2.9

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.

Page 4

 


WIMBLEDON PARK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is not charged in the year of purchase.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Fixtures and fittings
-
25%
Straight line
Computer equipment
-
25%
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.

 
2.10

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 profit or loss.

 
2.11

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.

 
2.12

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.

 
2.13

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.

  
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 -1).

Page 5

 


WIMBLEDON PARK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Intangible assets




Computer software

£



Cost


At 1 January 2024
24,000



At 31 December 2024

24,000



Amortisation


Charge for the period on owned assets
2,400



At 31 December 2024

2,400



Net book value



At 31 December 2024
21,600



At 31 December 2023
24,000




5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
9,930
11,054
901
21,885


Additions
5,570
798
-
6,368



At 31 December 2024

15,500
11,852
901
28,253



Depreciation


Charge for the period on owned assets
2,483
2,764
225
5,472



At 31 December 2024

2,483
2,764
225
5,472



Net book value



At 31 December 2024
13,017
9,088
676
22,781



At 31 December 2023
9,930
11,054
901
21,885

Page 6

 


WIMBLEDON PARK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
30,030,000



At 31 December 2024
30,030,000

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



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
23,366,915
23,366,915

23,366,915
23,366,915

Page 7

 


WIMBLEDON PARK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
7,180
12,028

Other debtors
2,147
-

Prepayments and accrued income
41,389
27,866

50,716
39,894



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,730,949
1,384,936

1,730,949
1,384,936



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
47,594
58,161

Amounts owed to group undertakings
648,486
-

Other creditors
177,705
216,763

Accruals and deferred income
815,413
756,604

1,689,198
1,031,528



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,812,500
13,812,500

Amounts owed to related undertakings
1,059,725
527,000

Amounts owed to group undertakings
9,537,522
10,013,000

24,409,747
24,352,500


Page 8

 


WIMBLEDON PARK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 2-5 years

Bank loans
13,812,500
13,812,500

Amounts owed to related undertakings
1,059,725
-

Amounts owed to group undertakings
9,537,522
-


24,409,747
13,812,500

Amounts falling due after more than 5 years

Amounts owed to related undertakings
-
527,000

Amounts owed to group undertakings
-
10,013,000

-
10,540,000

24,409,747
24,352,500


Bank loans totalling £13,812,500 are secured through fixed and floating charges over the assets of the Company.


12.


Deferred taxation




2024


£






At beginning of year
(1,528,458)


Charged to profit or loss
74,798



At end of year
(1,453,660)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Deferred tax on losses
217,806
137,313

Deferred tax on untaxed profits
(1,665,771)
(1,665,771)

Deferred tax on fixed assets
(5,695)
-

(1,453,660)
(1,528,458)

Page 9

 


WIMBLEDON PARK LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

13.


Controlling party

Swiss Life Holding AG, a company registered in Switzerland, is the parent company of the smallest group for which the consolidated financial statements are drawn up of which the company is a member. The parent company's registered office is General-Guisan-Quai 40, Zuerich, Zurich, 8022.


14.


Auditors' information

The auditors' report on the financial statements for the period ended 31 December 2024 was unqualified.

The audit report was signed on 19 May 2025 by Ralph Mitchison FCA (Senior statutory auditor) on behalf of Menzies LLP.

 
Page 10