Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-3102022-10-01falseNo description of principal activity0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09792848 2022-10-01 2024-03-31 09792848 2021-10-01 2022-09-30 09792848 2024-03-31 09792848 2022-09-30 09792848 c:Director1 2022-10-01 2024-03-31 09792848 d:OfficeEquipment 2022-10-01 2024-03-31 09792848 d:OfficeEquipment 2024-03-31 09792848 d:OfficeEquipment 2022-09-30 09792848 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2024-03-31 09792848 d:CurrentFinancialInstruments 2024-03-31 09792848 d:CurrentFinancialInstruments 2022-09-30 09792848 d:Non-currentFinancialInstruments 2024-03-31 09792848 d:Non-currentFinancialInstruments 2022-09-30 09792848 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09792848 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 09792848 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09792848 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 09792848 d:ShareCapital 2024-03-31 09792848 d:ShareCapital 2022-09-30 09792848 d:RetainedEarningsAccumulatedLosses 2024-03-31 09792848 d:RetainedEarningsAccumulatedLosses 2022-09-30 09792848 c:OrdinaryShareClass1 2022-10-01 2024-03-31 09792848 c:OrdinaryShareClass1 2024-03-31 09792848 c:OrdinaryShareClass1 2022-09-30 09792848 c:FRS102 2022-10-01 2024-03-31 09792848 c:AuditExempt-NoAccountantsReport 2022-10-01 2024-03-31 09792848 c:FullAccounts 2022-10-01 2024-03-31 09792848 c:PrivateLimitedCompanyLtd 2022-10-01 2024-03-31 09792848 e:PoundSterling 2022-10-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 09792848









THE WALKACTIVE COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE 18 MONTHS PERIOD ENDED 31 MARCH 2024

 
THE WALKACTIVE COMPANY LIMITED
REGISTERED NUMBER: 09792848

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
30 September
2024
2022
Note
£
£

Fixed assets
  

Intangible assets
  
-
2,784

Tangible assets
 4 
1,089
-

  
1,089
2,784

Current assets
  

Cash at bank and in hand
  
3,555
1,921

  
3,555
1,921

Creditors: amounts falling due within one year
 5 
(255,758)
(150,633)

Net current liabilities
  
 
 
(252,203)
 
 
(148,712)

Total assets less current liabilities
  
(251,114)
(145,928)

Creditors: amounts falling due after more than one year
 6 
(311,499)
(311,499)

  

Net liabilities
  
(562,613)
(457,427)


Capital and reserves
  

Called up share capital 
 7 
1,590
1,590

Profit and loss account
  
(564,203)
(459,017)

  
(562,613)
(457,427)


Page 1

 
THE WALKACTIVE COMPANY LIMITED
REGISTERED NUMBER: 09792848
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 18 months period 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 26 June 2025.


Barry Clare
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE WALKACTIVE COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS PERIOD ENDED 31 MARCH 2024

1.


General information

The Walkactive Company Limited is a private company limited by shares and incorporated in England and Wales.
The registered address of the company is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

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 following principal accounting policies have been applied:

  
2.2

Going concern

The financial statements have been prepared on the going concern basis. The company is dependent on the shareholders for financial support. As at 1st April 2025, the shareholders have
confirmed that they will provide adequate finance to enable the company to continue in operational
existence. Therefore, the directors consider it appropriate to prepare the financial statements on the
going concern basis.

Page 3

 
THE WALKACTIVE COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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.

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.

 
2.4

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

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.

Page 4

 
THE WALKACTIVE COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the 18 months period in which they are incurred.

 
2.7

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.

 
2.8

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:

Office equipment
-
33%

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.

 
2.9

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.

 
2.10

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 5

 
THE WALKACTIVE COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


Additions
1,349



At 31 March 2024

1,349



Depreciation


Charge for the 18 months period on owned assets
260



At 31 March 2024

260



Net book value



At 31 March 2024
1,089



At 30 September 2022
-


5.


Creditors: Amounts falling due within one year

31 March
30 September
2024
2022
£
£

Bank overdrafts
6,705
6,651

Trade creditors
5,929
2,909

Other creditors
139,946
139,945

Accruals and deferred income
103,178
1,128

255,758
150,633


Page 6

 
THE WALKACTIVE COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 18 MONTHS PERIOD ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due after more than one year

31 March
30 September
2024
2022
£
£

Other creditors
311,499
311,499

311,499
311,499



7.


Share capital

31 March
30 September
2024
2022
£
£
Allotted, called up and fully paid



159,000 (2022 - 159,000) Ordinary shares shares of £0.01 each
1,590
1,590


 
Page 7