Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-302025-06-30true2024-07-01falseleting property22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10882993 2024-07-01 2025-06-30 10882993 2023-07-01 2024-06-30 10882993 2025-06-30 10882993 2024-06-30 10882993 c:Director1 2024-07-01 2025-06-30 10882993 d:FreeholdInvestmentProperty 2025-06-30 10882993 d:FreeholdInvestmentProperty 2024-06-30 10882993 d:CurrentFinancialInstruments 2025-06-30 10882993 d:CurrentFinancialInstruments 2024-06-30 10882993 d:Non-currentFinancialInstruments 2025-06-30 10882993 d:Non-currentFinancialInstruments 2024-06-30 10882993 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 10882993 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10882993 d:Non-currentFinancialInstruments d:AfterOneYear 2025-06-30 10882993 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 10882993 d:ShareCapital 2025-06-30 10882993 d:ShareCapital 2024-06-30 10882993 d:RetainedEarningsAccumulatedLosses 2025-06-30 10882993 d:RetainedEarningsAccumulatedLosses 2024-06-30 10882993 c:OrdinaryShareClass1 2024-07-01 2025-06-30 10882993 c:OrdinaryShareClass1 2025-06-30 10882993 c:OrdinaryShareClass1 2024-06-30 10882993 c:FRS102 2024-07-01 2025-06-30 10882993 c:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 10882993 c:FullAccounts 2024-07-01 2025-06-30 10882993 c:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 10882993 e:PoundSterling 2024-07-01 2025-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10882993










WT ASSET LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2025

 
WT ASSET LIMITED
REGISTERED NUMBER: 10882993

BALANCE SHEET
AS AT 30 JUNE 2025

2025
2024
Note
£
£

Fixed assets
  

Investments
  
352,636
352,636

  
352,636
352,636

Current assets
  

Debtors
  
439
200

Cash at bank and in hand
  
20,817
20,898

  
21,256
21,098

Creditors: amounts falling due within one year
 6 
(1,146)
(1,309)

Net current assets
  
 
 
20,110
 
 
19,789

Total assets less current liabilities
  
372,746
372,425

Creditors: amounts falling due after more than one year
  
(358,839)
(358,719)

Net assets
  
13,907
13,706


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
13,807
13,606

  
13,907
13,706


Page 1

 
WT ASSET LIMITED
REGISTERED NUMBER: 10882993
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 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 12 August 2025.


................................................
Win Kyaw
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
WT ASSET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

1.


General information

WT Asset Limited is a private company limited by shares incorporated in Engalnd and Wales. The registered office is Flat 27, The Pinnacle, Kings Road, Reading, RG1 4LY. 

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

Turnover is rental income receivable.

 
2.3

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

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.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value 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.

Page 3

 
WT ASSET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

 
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.


3.


Employees




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


        2025
        2024
            No.
            No.







Directors
2
2


4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2024
352,636



At 30 June 2025
352,636

At the balance sheet date, the directors considered that the carrying amount of investment property approximates to its fiar value.




Page 4

 
WT ASSET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

5.


Debtors

2025
2024
£
£


Other debtors
342
200

Prepayments
97
-

439
200



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Corporation tax
47
884

Accruals
1,099
425

1,146
1,309



7.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other loan
228,445
228,445

Other creditors
130,394
130,274

358,839
358,719


Other loan was secured by a first legal charge over the investment property owned by the company.


8.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) ordinary shares of £1 each
100
100


 
Page 5