Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 2024-01-01 true false No description of principal activity 10 10 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 9760540 2024-01-01 2024-12-31 9760540 2023-01-01 2023-12-31 9760540 2024-12-31 9760540 2023-12-31 9760540 c:Director7 2024-01-01 2024-12-31 9760540 d:CurrentFinancialInstruments 2024-12-31 9760540 d:CurrentFinancialInstruments 2023-12-31 9760540 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 9760540 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 9760540 d:ShareCapital 2024-12-31 9760540 d:ShareCapital 2023-12-31 9760540 d:RetainedEarningsAccumulatedLosses 2024-12-31 9760540 d:RetainedEarningsAccumulatedLosses 2023-12-31 9760540 c:FRS102 2024-01-01 2024-12-31 9760540 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 9760540 c:FullAccounts 2024-01-01 2024-12-31 9760540 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 9760540 2 2024-01-01 2024-12-31 9760540 4 2024-01-01 2024-12-31 9760540 6 2024-01-01 2024-12-31 9760540 2 2024-12-31 9760540 2 2023-12-31 9760540 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 9760540 WESTERN HERITABLE LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
WESTERN HERITABLE LIMITED REGISTERED NUMBER: 9760540 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 5,159,540 |  | 6,512,168
|  |  | 5,159,540 |  | 6,512,168
Current assets |  |  |  |  |
Stocks |  | 191,068 |  | - |
Debtors: Amounts falling due within one year | 5 | 90,995,882 |  | 88,400,131 |
Cash at bank and in hand | 6 | 4,080,012 |  | 14,024,163 |
|  | 95,266,962 |  | 102,424,294 |
Creditors: Amounts falling due within one year | 7 | (93,059,590) |  | (92,345,942) |
Net current assets |  |  | 2,207,372 |  | 10,078,352
Total assets less current liabilities |  |  | 7,366,912 |  | 16,590,520
Net assets |  |  | 7,366,912 |  | 16,590,520
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 7,366,911 |  | 16,590,519
|  |  | 7,366,912 |  | 16,590,520
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 by:
................................................ W K D Laxton
Director
Date: 4 September 2025
Page 1
WESTERN HERITABLE LIMITED REGISTERED NUMBER: 9760540 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024 Page 2
WESTERN HERITABLE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Western Heritable Limited is a private company, limited by shares, registered in England and Wales. Its registered number 9760540 and trading address is 2 Babmaes Street, London, United Kingdom, SW1Y 6HD. 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 presentation currency of these financial statements is sterling. All amounts in the financial statements have been rounded to the nearest £1. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements for the Company have been prepared on a going concern basis. The Company recorded a loss before tax for the financial year of £5,239,599 and had net assets of £7,366,912 at the date of the Statement of Financial Position. After reviewing the Company's forecasts and projections the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least the next twelve months following approval of these financial statements. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
WESTERN HERITABLE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.3 | Foreign currency translation (continued)
Page 4
WESTERN HERITABLE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.4 | 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.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | 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.
| 2.7 | 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 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 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 reporting date.
| 2.8 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence. Page 5
WESTERN HERITABLE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.9 | Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. 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.
| 2.10 | 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 reporting 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.
| 2.11 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.12 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.13 | Creditors
Short-term creditors are measured at the transaction price.
| 2.14 | 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, loans to related parties and investments in ordinary shares.
| 2.15 | 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. | Employees
The average monthly number of employees, including directors, during the year was 10 (2023 - 10). Page 6
WESTERN HERITABLE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost |
| At 1 January 2024 | 6,512,168
| Additions | 859,742
| Disposals | (252,701)
| Revaluations | (331,862)
| At 31 December 2024 | 6,787,347
| Impairment |
| Charge for the period | 1,627,807
| At 31 December 2024 | 1,627,807
| Net book value |
| At 31 December 2024 | 5,159,540
| At 31 December 2023 | 6,512,168
Page 7
WESTERN HERITABLE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 65,812,643 | 64,165,942
| Other debtors | 22,234,015 | 21,284,965
| Prepayments and accrued income | 2,949,224 | 2,949,224
|  | 90,995,882 | 88,400,131
6. | Cash
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 4,080,012 | 14,024,163
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 92,614,481 | 92,195,769
| Other taxation and social security | 265,509 | 9,074
| Other creditors | 62,920 | 66,919
| Accruals and deferred income | 116,680 | 74,180
|  | 93,059,590 | 92,345,942
8. | Related party transactions
| Advantage has been taken by the Company of the exemptions provided by Section 33.1A of FRS 102 not to disclose group transactions because it is a wholly owned subsidiary of a company preparing consolidated accounts. Included within other debtors are amounts totalling £38,652,093 (2023: £16,164,335) due from companies under common control.
9. | Controlling party
The immediate and ultimate parent company is Mactaggart Heritable Limited which is registered in England and Wales. Mactaggart Heritable Limited produces consolidated financial statements that are available to the public, from the Registrar of Companies at Companies House. There is no single ultimate controlling party. Page 8