Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-1334The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-09-01truetruetrueproviding conferencing facilities at the site owned by its parent companytruefalse 07818060 2023-09-01 2024-08-31 07818060 2022-09-01 2023-08-31 07818060 2024-08-31 07818060 2023-08-31 07818060 c:Director4 2023-09-01 2024-08-31 07818060 d:CurrentFinancialInstruments 2024-08-31 07818060 d:CurrentFinancialInstruments 2023-08-31 07818060 d:ShareCapital 2024-08-31 07818060 d:ShareCapital 2023-08-31 07818060 d:RetainedEarningsAccumulatedLosses 2024-08-31 07818060 d:RetainedEarningsAccumulatedLosses 2023-08-31 07818060 c:OrdinaryShareClass1 2023-09-01 2024-08-31 07818060 c:OrdinaryShareClass1 2024-08-31 07818060 c:OrdinaryShareClass1 2023-08-31 07818060 c:FRS102 2023-09-01 2024-08-31 07818060 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 07818060 c:FullAccounts 2023-09-01 2024-08-31 07818060 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07818060 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07818060










Waverley Abbey Trading Limited (formerly CWR Trading Limited)








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 August 2024

 
Waverley Abbey Trading Limited
Registered number: 07818060

Balance sheet
As at 31 August 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1
1

Cash at bank and in hand
 5 
4,748
2,051

  
4,749
2,052

Total assets less current liabilities
  
 
 
4,749
 
 
2,052

  

Net assets
  
4,749
2,052


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
4,748
2,051

  
4,749
2,052


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 by: 




................................................
David Wesson
Director

Date: 13 May 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
Waverley Abbey Trading Limited
 

 
Notes to the financial statements
For the year ended 31 August 2024

1.


General information

Waverley Abbey Trading Limited is a private company limited by shares and registered in England and Wales, registration number 07818060. The registered office is Waverley Abbey House, Waverley Lane, Farnham, Surrey, GU9 8EP. The principal activity of the company in the year under review was that of providing conferencing facilities at the site owned by its parent company. 
The financial statements are presented in £ sterling, the company's functional currency, and all amounts are rounded to the nearest £1.

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

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d).

This information is included in the consolidated financial statements of Waverley Abbey Trust as at 31 August 2024 and these financial statements may be obtained from Waverley Abbey House, Waverley Lane, Farnham, Surrey GU9 8EP.

 
2.3

Going concern

Waverley Abbey Trading Limited are reliant on Waverley Abbey Trust (its parent entity) to continue to trade.  Waverley Abbey Trust’s financial statements have been prepared on a going concern basis. The trustees of Waverley Abbey Trust have carefully considered the forecasts for the next twelve months and are of the opinion that with the financing in place, Waverley Abbey Trust can meet its liabilities for at least twelve months from the date of signing.

Page 2

 
Waverley Abbey Trading Limited
 

 
Notes to the financial statements
For the year ended 31 August 2024

2.Accounting policies (continued)

 
2.4

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

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.

 
2.6

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.

  
2.7

Gift aid payments

Donations from Waverley Abbey Trading Limited to the parent charity are recognised when they are paid and are shown as a distribution from profits.  Distributions in respect of the current year profits are made within 9 months of the year end in accordance with the Gift Aid provisions and are therefore reflected in the calculation of the company’s tax liability for the year.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 4). 


4.


Debtors

2024
2023
£
£


Called up share capital not paid
1
1

1
1


Page 3

 
Waverley Abbey Trading Limited
 

 
Notes to the financial statements
For the year ended 31 August 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,748
2,051

4,748
2,051



6.


Share capital

2024
2023
£
£
Authorised



100 (2023 - 100) Ordinary shares of £1.00 each
100
100

Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



7.


Controlling party

The immediate and ultimate parent undertaking is Waverley Abbey Trust, a registered charity (charity reg. no. 294387) and company limited by guarantee incorporated in England and Wales (reg. no. 1990308). Waverley Abbey Trust’s registered office is Waverley Abbey House, Waverley Lane, Farnham, Surrey GU9 8EP. Consolidated accounts are publicly available on the Charity Commission website.

Page 4