Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activitytruefalsetrue2023-04-0155false 05738402 2023-04-01 2024-03-31 05738402 2022-04-01 2023-03-31 05738402 2024-03-31 05738402 2023-03-31 05738402 c:CompanySecretary1 2023-04-01 2024-03-31 05738402 c:Director2 2023-04-01 2024-03-31 05738402 c:Director3 2023-04-01 2024-03-31 05738402 c:Director6 2023-04-01 2024-03-31 05738402 c:RegisteredOffice 2023-04-01 2024-03-31 05738402 d:CurrentFinancialInstruments 2024-03-31 05738402 d:CurrentFinancialInstruments 2023-03-31 05738402 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05738402 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05738402 d:OtherMiscellaneousReserve 2024-03-31 05738402 d:OtherMiscellaneousReserve 2023-03-31 05738402 d:RetainedEarningsAccumulatedLosses 2024-03-31 05738402 d:RetainedEarningsAccumulatedLosses 2023-03-31 05738402 c:FRS102 2023-04-01 2024-03-31 05738402 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05738402 c:FullAccounts 2023-04-01 2024-03-31 05738402 c:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 05738402 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 05738402





WESTMINSTER BUSINESS COUNCIL
(A Company Limited by Guarantee)
 
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
WESTMINSTER BUSINESS COUNCIL
 
(A Company Limited by Guarantee)
 

COMPANY INFORMATION


Directors
F. Clark
A. C. Thorneycroft 
R. K. Bradley 
S. O. Shrubsole 




COMPANY SECRETARY
MCS Formations Limited



REGISTERED NUMBER
05738402



REGISTERED OFFICE
1 Kingsway

London

WC2B 6AN





 
WESTMINSTER BUSINESS COUNCIL
 
(A Company Limited by Guarantee)
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 4


 
WESTMINSTER BUSINESS COUNCIL
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 05738402

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Current assets
  

Debtors
 4 
1,880
-

Cash at bank and in hand
  
81,069
84,069

  
82,949
84,069

Creditors: amounts falling due within one year
 5 
(117,792)
(113,186)

Net current liabilities
  
 
 
(34,843)
 
 
(29,117)

  

Net liabilities
  
(34,843)
(29,117)


Capital and reserves
  

Other reserves
  
(720)
-

Retained deficit
  
(34,123)
(29,117)

Members' deficit
  
(34,843)
(29,117)


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 Director's Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 June 2025.




S. O. Shrubsole
Director


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

Page 1

 
WESTMINSTER BUSINESS COUNCIL

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Westminster Business Council (company number: 05738402), having its registered office at 1 Kingsway, London, WC2B 6AN, is a private company limited by guarantee incorporated in England and Wales.

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 Section 1A of Financial Reporting Standard 102, the Financial reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006

The following principal accounting policies have been applied:

  
2.2

STATEMENT OF CASH FLOWS

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small Company.

 
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

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

Page 2

 
WESTMINSTER BUSINESS COUNCIL

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (continued)

 
2.5

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.

 
2.6

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 and loans to related parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found, an
impairment loss is recognised in the Statement of Income and Retained Earnings.
For financial assets measured at cost less impairment, the impairment loss is measured as the
difference between an asset's carrying amount and best estimate of the recoverable amount, which is
an approximation of the amount that the Company would receive for the asset if it were to be sold at
the Balance Sheet date.

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price.

 
2.8

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings.

The current corporation 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Page 3

 
WESTMINSTER BUSINESS COUNCIL

(A Company Limited by Guarantee)
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


EMPLOYEES



The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


DEBTORS

2024
2023
£
£

Due within one year

Trade debtors
1,560
-

Prepayments and accrued income
320
-

1,880
-



5.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
9,744
-

Other taxation and social security
24,663
12,214

Other creditors
57,196
57,493

Accruals and deferred income
26,189
43,479

117,792
113,186




6.


COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the Company in the event of liquidation.


Page 4