Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-300No description of principal activity2023-10-01false0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10963953 2023-10-01 2024-09-30 10963953 2022-10-01 2023-09-30 10963953 2024-09-30 10963953 2023-09-30 10963953 2022-10-01 10963953 c:Director1 2023-10-01 2024-09-30 10963953 c:Director2 2023-10-01 2024-09-30 10963953 d:FurnitureFittings 2023-10-01 2024-09-30 10963953 d:FurnitureFittings 2024-09-30 10963953 d:FurnitureFittings 2023-09-30 10963953 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 10963953 d:CurrentFinancialInstruments 2024-09-30 10963953 d:CurrentFinancialInstruments 2023-09-30 10963953 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 10963953 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10963953 d:ShareCapital 2024-09-30 10963953 d:ShareCapital 2023-09-30 10963953 d:RetainedEarningsAccumulatedLosses 2024-09-30 10963953 d:RetainedEarningsAccumulatedLosses 2023-09-30 10963953 c:OrdinaryShareClass1 2023-10-01 2024-09-30 10963953 c:OrdinaryShareClass1 2024-09-30 10963953 c:OrdinaryShareClass1 2023-09-30 10963953 c:FRS102 2023-10-01 2024-09-30 10963953 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10963953 c:FullAccounts 2023-10-01 2024-09-30 10963953 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10963953 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 10963953 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 10963953 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 10963953 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 10963953 2 2023-10-01 2024-09-30 10963953 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10963953










WHIKAM LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
WHIKAM LIMITED
 

CONTENTS



Page
Statement of financial position
 
 
1 - 2
Notes to the financial statements
 
 
3 - 8


 
WHIKAM LIMITED
REGISTERED NUMBER: 10963953

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
249
188

  
249
188

Current assets
  

Debtors: amounts falling due within one year
 5 
2,208
2,508

Bank and cash balances
  
71,007
94,231

  
73,215
96,739

Creditors: amounts falling due within one year
 6 
(2,698)
(2,069)

Net current assets
  
 
 
70,517
 
 
94,670

Total assets less current liabilities
  
70,766
94,858

Provisions for liabilities
  

Deferred tax
 7 
-
(37)

  
 
 
-
 
 
(37)

Net assets
  
70,766
94,821


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
70,666
94,721

  
70,766
94,821


Page 1

 
WHIKAM LIMITED
REGISTERED NUMBER: 10963953
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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 .

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The  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 income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The  were approved and authorised for issue by the board and were signed on its behalf by 




................................................
Wael Haj Ibrahim
................................................
Karen Diana Moore
Director
Director


Date: 6 June 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
WHIKAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Whikam Ltd is a company  limited by shares and incorporated in England and Wales, registration number 10963953. The registered office is 80 Grove Lane, Holt, Norfolk, NR25 6ED.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are presented in sterling, which is the functional currency of the company and rounded to the nearest £. The significant accounting policies appled in the preparation of these financial statements are set out below.

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
WHIKAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.4

Interest income

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

 
2.5

Current and deferred taxation

The tax expense for the year 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 reporting 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 reporting 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 reporting date.


Page 4

 
WHIKAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
WHIKAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

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 Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.





0
0


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 October 2023
1,064


Additions
144



At 30 September 2024

1,208



Depreciation


At 1 October 2023
876


Charge for the year on owned assets
83



At 30 September 2024

959



Net book value



At 30 September 2024
249



At 30 September 2023
188

Page 6

 
WHIKAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Other debtors
-
807

Prepayments and accrued income
2,089
1,701

Deferred taxation
119
-

2,208
2,508



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
1,528
899

Accruals and deferred income
1,170
1,170

2,698
2,069


Page 7

 
WHIKAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Deferred taxation




2024
2023


£

£






At beginning of year
(37)
(49)


Charged to profit or loss
156
12



At end of year
119
(37)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(62)
(37)

Tax losses carried forward
181
-

119
(37)


8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



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



9.


Related party transactions

The directors are owed £1,528 by the company ( 2023 - £899 ), which is included under other creditors in the accounts. 

 
Page 8