Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22No description of principal activity2023-10-01falsefalsetruefalse 08690577 2023-10-01 2024-09-30 08690577 2022-10-01 2023-09-30 08690577 2024-09-30 08690577 2023-09-30 08690577 c:Director2 2023-10-01 2024-09-30 08690577 d:CurrentFinancialInstruments 2024-09-30 08690577 d:CurrentFinancialInstruments 2023-09-30 08690577 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08690577 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08690577 d:ShareCapital 2024-09-30 08690577 d:ShareCapital 2023-09-30 08690577 d:RetainedEarningsAccumulatedLosses 2024-09-30 08690577 d:RetainedEarningsAccumulatedLosses 2023-09-30 08690577 c:FRS102 2023-10-01 2024-09-30 08690577 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08690577 c:FullAccounts 2023-10-01 2024-09-30 08690577 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08690577 2 2023-10-01 2024-09-30 08690577 6 2023-10-01 2024-09-30 08690577 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure
Company registration number: 08690577







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


WIGAN VENTURES LIMITED






































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WIGAN VENTURES LIMITED
REGISTERED NUMBER:08690577



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,035,484
33,936

  
1,035,484
33,936

Current assets
  

Debtors: amounts falling due within one year
 5 
13,663,175
13,976,504

Cash at bank and in hand
  
5,291
15,536

  
13,668,466
13,992,040

Creditors: amounts falling due within one year
 6 
(12,531,778)
(11,090,510)

Net current assets
  
 
 
1,136,688
 
 
2,901,530

Total assets less current liabilities
  
2,172,172
2,935,466

  

Net assets
  
2,172,172
2,935,466


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
2,172,169
2,935,463

  
2,172,172
2,935,466


Page 1
 


WIGAN VENTURES LIMITED
REGISTERED NUMBER:08690577


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 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: 




C V Lanitis
Director

Date: 31 October 2025

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

Page 2
 


WIGAN VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Wigan Ventures Limited is a private company, limited by shares, registered in England and Wales, company
number 08690577. The registered office and principal place of business is 23 Spring Street, London, W2 1JA.

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

Interest income

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

 
2.3

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.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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 income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 3
 


WIGAN VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees

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


4.


Fixed asset investments





Fixed asset investments

£



Cost or valuation


At 1 October 2023
33,936


Additions
1,001,548



At 30 September 2024
1,035,484





5.


Debtors

2024
2023
£
£


Other debtors
13,663,175
12,814,648

Prepayments and accrued income
-
1,161,856

13,663,175
13,976,504



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,500
-

Corporation tax
-
250,192

Other creditors
12,528,778
10,477,695

Accruals and deferred income
1,500
362,623

12,531,778
11,090,510




Page 4
 


WIGAN VENTURES LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Related party transactions

As at year end, included within other debtors, is an intercompany loan of £9,650,826 (2023: £9,454,981), due from companies with common directors. During the year, the company accrued interest of £Nil (2023: £645,439) on this loan. Interest accrued on these loans in prior periods has been written off in the current year, as it is no longer considered receivable. The write-off has been recognised in the income statement and reflects a reassessment of the recoverability of the amounts due.
As at the balance sheet date, the company was owed £3,483,414 (2023: £3,359,664) by a company, where the company is a member.
As at year end, included within other creditors, is an  intercompany loan of £12,528,573 (2023: £10,477,695), due to companies with common directors. Interest accrued on these loans in prior periods has been written off in the current year, as it is no longer considered payable.

 
Page 5