Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31falsetrue2024-04-01falseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07061022 2024-04-01 2025-03-31 07061022 2023-04-01 2024-03-31 07061022 2025-03-31 07061022 2024-03-31 07061022 c:Director2 2024-04-01 2025-03-31 07061022 d:Buildings 2024-04-01 2025-03-31 07061022 d:Buildings 2025-03-31 07061022 d:Buildings 2024-03-31 07061022 d:Buildings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07061022 d:FurnitureFittings 2024-04-01 2025-03-31 07061022 d:FurnitureFittings 2025-03-31 07061022 d:FurnitureFittings 2024-03-31 07061022 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07061022 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07061022 d:Goodwill 2025-03-31 07061022 d:Goodwill 2024-03-31 07061022 d:CurrentFinancialInstruments 2025-03-31 07061022 d:CurrentFinancialInstruments 2024-03-31 07061022 d:Non-currentFinancialInstruments 2025-03-31 07061022 d:Non-currentFinancialInstruments 2024-03-31 07061022 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 07061022 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07061022 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 07061022 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07061022 d:ShareCapital 2025-03-31 07061022 d:ShareCapital 2024-03-31 07061022 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 07061022 d:RetainedEarningsAccumulatedLosses 2025-03-31 07061022 d:RetainedEarningsAccumulatedLosses 2024-03-31 07061022 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 07061022 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07061022 c:OrdinaryShareClass1 2024-04-01 2025-03-31 07061022 c:OrdinaryShareClass1 2025-03-31 07061022 c:OrdinaryShareClass1 2024-03-31 07061022 c:FRS102 2024-04-01 2025-03-31 07061022 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07061022 c:FullAccounts 2024-04-01 2025-03-31 07061022 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07061022 2 2024-04-01 2025-03-31 07061022 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07061022










WAGGON AND HORSES (NEWTOWN) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
WAGGON AND HORSES (NEWTOWN) LIMITED
REGISTERED NUMBER: 07061022

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 6 
423,606
424,911

  
423,606
424,911

Current assets
  

Stocks
 7 
2,500
2,500

Debtors: amounts falling due within one year
 8 
313
304

Cash at bank and in hand
 9 
204,195
164,898

  
207,008
167,702

Creditors: amounts falling due within one year
 10 
(157,490)
(107,293)

Net current assets
  
 
 
49,518
 
 
60,409

Total assets less current liabilities
  
473,124
485,320

Creditors: amounts falling due after more than one year
 11 
(250,000)
(250,000)

Provisions for liabilities
  

Deferred tax
 12 
(2,934)
(3,260)

  
 
 
(2,934)
 
 
(3,260)

Net assets
  
220,190
232,060


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
 14 
220,090
231,960

  
220,190
232,060


Page 1

 
WAGGON AND HORSES (NEWTOWN) LIMITED
REGISTERED NUMBER: 07061022
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

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 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 1 August 2025.




Mrs J H Roberts
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
WAGGON AND HORSES (NEWTOWN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Waggon And Horses (Newtown) Limited, 07061022, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Lower Canal Road, Newtown, Powys, SY16 2JB.
The principal activity of the Company is beverage and food sales.

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

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.

 
2.3

Interest income

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

Page 3

 
WAGGON AND HORSES (NEWTOWN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

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 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 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 balance sheet date.


 
2.5

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.

Page 4

 
WAGGON AND HORSES (NEWTOWN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

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:

Freehold property
-
No depreciation
Fixtures and fittings
-
10%

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.

The Companies Act 2006 requires tangible fixed assets to be depreciated. Freehold property is not depreciated. The director considers that the property is maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged to profit and loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

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.

 
2.9

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.

Page 5

 
WAGGON AND HORSES (NEWTOWN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
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.

 
2.11

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.

 
2.12

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.


Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believe to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates not assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

Page 6

 
WAGGON AND HORSES (NEWTOWN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Intangible assets




Goodwill

£



Cost


At 1 April 2024
85,000



At 31 March 2025

85,000



Amortisation


At 1 April 2024
85,000



At 31 March 2025

85,000



Net book value



At 31 March 2025
-



At 31 March 2024
-



Page 7

 
WAGGON AND HORSES (NEWTOWN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2024
411,869
31,386
443,255



At 31 March 2025

411,869
31,386
443,255



Depreciation


At 1 April 2024
-
18,345
18,345


Charge for the year on owned assets
-
1,304
1,304



At 31 March 2025

-
19,649
19,649



Net book value



At 31 March 2025
411,869
11,737
423,606



At 31 March 2024
411,869
13,042
424,911


7.


Stocks

2025
2024
£
£

Food and beverages
2,500
2,500

2,500
2,500



8.


Debtors

2025
2024
£
£


Prepayments and accrued income
313
304

313
304


Page 8

 
WAGGON AND HORSES (NEWTOWN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
204,195
164,898

204,195
164,898



10.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
771
4,009

Other taxation and social security
26,777
34,355

Other creditors
126,165
66,612

Accruals and deferred income
3,777
2,317

157,490
107,293



11.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other creditors
250,000
250,000

250,000
250,000


Page 9

 
WAGGON AND HORSES (NEWTOWN) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

12.


Deferred taxation




2025


£






At beginning of year
3,260


Charged to profit or loss
(326)



At end of year
2,934

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
2,934
3,260

2,934
3,260


13.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100



14.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the company since the incorporation less distributions made to shareholders.

 
Page 10