Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-302025-05-22true2023-05-01falseNo description of principal activity99falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11319091 2023-05-01 2024-04-30 11319091 2022-05-01 2023-04-30 11319091 2024-04-30 11319091 2023-04-30 11319091 c:Director1 2023-05-01 2024-04-30 11319091 d:FurnitureFittings 2023-05-01 2024-04-30 11319091 d:FurnitureFittings 2024-04-30 11319091 d:FurnitureFittings 2023-04-30 11319091 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 11319091 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 11319091 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-30 11319091 d:CurrentFinancialInstruments 2024-04-30 11319091 d:CurrentFinancialInstruments 2023-04-30 11319091 d:Non-currentFinancialInstruments 2024-04-30 11319091 d:Non-currentFinancialInstruments 2023-04-30 11319091 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11319091 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11319091 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 11319091 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11319091 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 11319091 d:ShareCapital 2024-04-30 11319091 d:ShareCapital 2023-04-30 11319091 d:RetainedEarningsAccumulatedLosses 2024-04-30 11319091 d:RetainedEarningsAccumulatedLosses 2023-04-30 11319091 c:FRS102 2023-05-01 2024-04-30 11319091 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11319091 c:FullAccounts 2023-05-01 2024-04-30 11319091 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11319091 2 2023-05-01 2024-04-30 11319091 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-05-01 2024-04-30 11319091 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 11319091









WHOOBID HOLDINGS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
WHOOBID HOLDINGS LTD
REGISTERED NUMBER: 11319091

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
7,575
9,468

Tangible assets
 5 
1,181
1,135

  
8,756
10,603

Current assets
  

Debtors: amounts falling due within one year
 6 
309,172
326,093

Cash at bank and in hand
 7 
104,513
-

  
413,685
326,093

Creditors: amounts falling due within one year
 8 
(327,311)
(277,391)

Net current assets
  
 
 
86,374
 
 
48,702

Total assets less current liabilities
  
95,130
59,305

Creditors: amounts falling due after more than one year
 9 
(50,612)
(22,521)

  

Net assets
  
44,518
36,784


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
44,516
36,782

  
44,518
36,784

Page 1

 
WHOOBID HOLDINGS LTD
REGISTERED NUMBER: 11319091
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 income and retained earnings 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 22 May 2025.




................................................
Alexander Haigh
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
WHOOBID HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Whoobid Holdings Ltd is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of an online auction site.

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. 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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
WHOOBID HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.5

Interest income

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

 
2.6

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.

 
2.7

Borrowing costs

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

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

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.


Page 4

 
WHOOBID HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

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.

 
2.11

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 and on reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33% reducing balance

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.

 
2.12

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.

 
2.13

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.

 
2.14

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.

Page 5

 
WHOOBID HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).


4.


Intangible assets




Website developme't

£



Cost


At 1 May 2023
18,933



At 30 April 2024

18,933



Amortisation


At 1 May 2023
9,465


Charge for the year on owned assets
1,893



At 30 April 2024

11,358



Net book value



At 30 April 2024
7,575



At 30 April 2023
9,468



Page 6

 
WHOOBID HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 May 2023
3,487


Additions
628



At 30 April 2024

4,115



Depreciation


At 1 May 2023
2,352


Charge for the year on owned assets
582



At 30 April 2024

2,934



Net book value



At 30 April 2024
1,181



At 30 April 2023
1,135


6.


Debtors

2024
2023
£
£


Trade debtors
24,303
23,790

Amounts owed by joint ventures and associated undertakings
112,354
156,685

Other debtors
-
1,774

Prepayments and accrued income
172,515
143,844

309,172
326,093


Page 7

 
WHOOBID HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
104,513
-

Less: bank overdrafts
-
(4,917)

104,513
(4,917)



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
4,917

Bank loans
21,389
10,000

Trade creditors
69,556
50,477

Corporation tax
83,542
54,623

Other taxation and social security
47,369
88,737

Other creditors
102,813
65,680

Accruals and deferred income
2,642
2,957

327,311
277,391


Included in other creditors is a loan amount in relation to Alexander Haigh, of £17,964, (2023 - £21,210) and Douglas Haigh £71,443 (2023 - £12,601).


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
50,612
22,521

50,612
22,521


Page 8

 
WHOOBID HOLDINGS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
£

Amounts falling due within one year

Bank loans
21,389

Amounts falling due 1-2 years

Bank loans
50,612



72,001



11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,143 (2023- £2,280) contributions totalling £1,437 (2023 - £869) were payable to the fund at the balance sheet date.


12.


Controlling party

There is no overal controlling party.
 
Page 9