Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-272024-10-27No description of principal activity2023-10-28false22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01809510 2023-10-28 2024-10-27 01809510 2022-10-28 2023-10-27 01809510 2024-10-27 01809510 2023-10-27 01809510 c:Director2 2023-10-28 2024-10-27 01809510 d:MotorVehicles 2023-10-28 2024-10-27 01809510 d:MotorVehicles 2024-10-27 01809510 d:MotorVehicles 2023-10-27 01809510 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-28 2024-10-27 01809510 d:FurnitureFittings 2023-10-28 2024-10-27 01809510 d:FurnitureFittings 2024-10-27 01809510 d:FurnitureFittings 2023-10-27 01809510 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-28 2024-10-27 01809510 d:OwnedOrFreeholdAssets 2023-10-28 2024-10-27 01809510 d:CurrentFinancialInstruments 2024-10-27 01809510 d:CurrentFinancialInstruments 2023-10-27 01809510 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-27 01809510 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-27 01809510 d:ShareCapital 2024-10-27 01809510 d:ShareCapital 2023-10-27 01809510 d:RetainedEarningsAccumulatedLosses 2023-10-28 2024-10-27 01809510 d:RetainedEarningsAccumulatedLosses 2024-10-27 01809510 d:RetainedEarningsAccumulatedLosses 2023-10-27 01809510 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-10-27 01809510 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-27 01809510 c:FRS102 2023-10-28 2024-10-27 01809510 c:AuditExempt-NoAccountantsReport 2023-10-28 2024-10-27 01809510 c:FullAccounts 2023-10-28 2024-10-27 01809510 c:PrivateLimitedCompanyLtd 2023-10-28 2024-10-27 01809510 d:OtherDeferredTax 2024-10-27 01809510 d:OtherDeferredTax 2023-10-27 01809510 2 2023-10-28 2024-10-27 01809510 6 2023-10-28 2024-10-27 01809510 1 2024-10-27 01809510 1 2023-10-27 01809510 f:PoundSterling 2023-10-28 2024-10-27 iso4217:GBP xbrli:pure

Registered number: 01809510









WAIKIKI LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 27 OCTOBER 2024

 
WAIKIKI LIMITED
REGISTERED NUMBER: 01809510

STATEMENT OF FINANCIAL POSITION
AS AT 27 OCTOBER 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible fixed assets
  
78,041
81,232

Fixed asset investments
  
4,629,398
3,922,077

  
4,707,439
4,003,309

Current assets
  

Debtors: amounts falling due within one year
 6 
50,488
16,477

Bank & cash balances
  
620,307
578,202

  
670,795
594,679

Creditors: amounts falling due within one year
 7 
(259,640)
(65,862)

Net current assets
  
 
 
411,155
 
 
528,817

Total assets less current liabilities
  
5,118,594
4,532,126

Provisions for liabilities
  

Deferred tax
  
(44,464)
-

  
 
 
(44,464)
 
 
-

Net assets
  
5,074,130
4,532,126


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
 10 
5,074,128
4,532,124

  
5,074,130
4,532,126


Page 1

 
WAIKIKI LIMITED
REGISTERED NUMBER: 01809510
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 27 OCTOBER 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 by: 




Philip Christensen
Director

Date: 17 July 2025

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

Page 2

 
WAIKIKI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 OCTOBER 2024

1.


General information

Waikiki Limited is a private company limited by shares incorporated in the United Kingdom and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW5 5JS.

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 company's functional and presentational currency is GBP.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises fees receivable by the company in respect of the exploitation of the services of an ice-skater supplied during the year. Royalties in respect of historic services provided are reflected in the period in which they are received.
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 value added tax.

 
2.3

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.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
on written down value
Fixtures, fittings and equipment
-
15%
on written down value

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.

Page 3

 
WAIKIKI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Where there is any indication that an investment may be impaired, the carrying value of the asset is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount.

 
2.5

Debtors

Short term debtors are measured at transaction price, 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.

 
2.7

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 to/from related parties and investments in ordinary shares.
Investments in non-derivative instruments that are equity to the issuer are measured:
- at fair value with changes recognised in the Statement of income and retained earnings if the
shares are publicly traded or their fair value can otherwise be measured reliably;
- at cost less impairment for all other investments.

 
2.8

Creditors

Short term creditors are measured at the transaction price. 

 
2.9

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.

 
2.10

Interest income

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

Page 4

 
WAIKIKI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 OCTOBER 2024

2.Accounting policies (continued)

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax and is recognised in profit or loss.

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 is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
WAIKIKI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 OCTOBER 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Total

£
£
£



Cost


At 28 October 2023
86,090
233,814
319,904


Additions
-
15,557
15,557



At 27 October 2024

86,090
249,371
335,461



Depreciation


At 28 October 2023
43,789
194,883
238,672


Charge for the year on owned assets
10,575
8,173
18,748



At 27 October 2024

54,364
203,056
257,420



Net book value



At 27 October 2024
31,726
46,315
78,041



At 27 October 2023
42,301
38,931
81,232

Page 6

 
WAIKIKI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 OCTOBER 2024

5.


Fixed asset investments





Investments in associates
Listed investments
Total

£
£
£



Cost or valuation


At 28 October 2023
50
4,037,626
4,037,676


Additions
-
5,215,820
5,215,820


Disposals
-
(4,801,953)
(4,801,953)


Revaluations
-
177,855
177,855



At 27 October 2024

50
4,629,348
4,629,398





At 28 October 2023
-
115,599
115,599


Reversal of impairment losses
-
(115,599)
(115,599)



At 27 October 2024

-
-
-



Net book value



At 27 October 2024
50
4,629,348
4,629,398



At 27 October 2023
50
3,922,027
3,922,077


6.


Debtors

2024
2023
£
£


Other debtors
13,722
12,730

Prepayments and accrued income
36,766
3,747

50,488
16,477


Page 7

 
WAIKIKI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 OCTOBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
8,100
7,815

Corporation tax
87,132
33,636

Other taxation and social security
67
33

Other creditors
33,841
12,878

Accruals and deferred income
130,500
11,500

259,640
65,862



8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
4,629,348
3,922,027




Financial assets measured at fair value through profit or loss comprise listed investments held as part of a portfolio.


9.


Deferred taxation




2024


£






Charged to profit or loss
44,464



At end of year
44,464

The deferred taxation balance is made up as follows:

2024
2023
£
£


Unrealised surplus on revaluation of listed investments
44,464
-

44,464
-

Page 8

 
WAIKIKI LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 OCTOBER 2024

10.


Reserves

Profit & loss account

Included within the profit and loss account is non-distributable reserves totalling £133,390 which represents the net unrealised surplus on the revaluation of the company's listed investments to fair value.


11.


Related party transactions

The directors have provided the company with an interest-free loan which is unsecured and repayable on demand. At the reporting date the company owed £33,841 (2023: £8,878) to the directors.
The directors charged the company rent totalling £19,200 (2023: £19,200) for the year.

 
Page 9