ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2020.0.247 2020.0.247 2021-03-312021-03-312020-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01959873 2020-04-01 2021-03-31 01959873 2019-04-01 2020-03-31 01959873 2021-03-31 01959873 2020-03-31 01959873 c:Director1 2020-04-01 2021-03-31 01959873 d:MotorVehicles 2020-04-01 2021-03-31 01959873 d:MotorVehicles 2021-03-31 01959873 d:MotorVehicles 2020-03-31 01959873 d:MotorVehicles d:OwnedOrFreeholdAssets 2020-04-01 2021-03-31 01959873 d:FurnitureFittings 2020-04-01 2021-03-31 01959873 d:FurnitureFittings 2021-03-31 01959873 d:FurnitureFittings 2020-03-31 01959873 d:FurnitureFittings d:OwnedOrFreeholdAssets 2020-04-01 2021-03-31 01959873 d:ComputerEquipment 2020-04-01 2021-03-31 01959873 d:ComputerEquipment 2021-03-31 01959873 d:ComputerEquipment 2020-03-31 01959873 d:ComputerEquipment d:OwnedOrFreeholdAssets 2020-04-01 2021-03-31 01959873 d:OwnedOrFreeholdAssets 2020-04-01 2021-03-31 01959873 d:CurrentFinancialInstruments 2021-03-31 01959873 d:CurrentFinancialInstruments 2020-03-31 01959873 d:Non-currentFinancialInstruments 2021-03-31 01959873 d:Non-currentFinancialInstruments 2020-03-31 01959873 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 01959873 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-31 01959873 d:ShareCapital 2021-03-31 01959873 d:ShareCapital 2020-03-31 01959873 d:RetainedEarningsAccumulatedLosses 2021-03-31 01959873 d:RetainedEarningsAccumulatedLosses 2020-03-31 01959873 c:FRS102 2020-04-01 2021-03-31 01959873 c:AuditExempt-NoAccountantsReport 2020-04-01 2021-03-31 01959873 c:FullAccounts 2020-04-01 2021-03-31 01959873 c:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31 01959873 2 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 01959873

WORLAND LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

Fletcher & Partners

Chartered Accountants

Salisbury

WORLAND LIMITED

REGISTERED NUMBER: 01959873

BALANCE SHEET

AS AT 31 MARCH 2021

		2021		2020
Note		£		£

Fixed assets
Tangible assets	4		100		134
Current assets
Debtors: amounts falling due after more than one year	5	-		205,000
Debtors: amounts falling due within one year	5	418,340		213,486
Cash at bank and in hand	6	638,348		675,590
		1,056,688		1,094,076
Creditors: amounts falling due within one year	7	(12,591)		(8,926)
Net current assets			1,044,097		1,085,150
Total assets less current liabilities			1,044,197		1,085,284

Net assets			1,044,197		1,085,284

Capital and reserves
Called up share capital	2	2
Profit and loss account	1,044,195	1,085,282
	1,044,197	1,085,284

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:

P J Kaufeler

Director

Date: 14 October 2021

The notes on pages 2 to 5 form part of these financial statements.

Page 1

WORLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1.	General information

Worland Limited is a private company limited by shares, incorporated in England and Wales, registered number 01959873. Its registered office is 13a Kenway Road, London, SW5 0RP.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

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:

Motor vehicles	-	25%
Fixtures and fittings	-	25%
Computer equipment	-	25%

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.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured at transaction value, less any impairment.

2.4

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 2

WORLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instruments 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 non-puttable ordinary shares.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

2.6

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.

2.7

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.

2.8

Interest income

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

Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

Page 3

WORLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

4.	Tangible fixed assets

	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2020	20,351	1,040	4,918	26,309
At 31 March 2021	20,351	1,040	4,918	26,309
Depreciation
At 1 April 2020	20,328	952	4,895	26,175
Charge for the year on owned assets	6	22	6	34
At 31 March 2021	20,334	974	4,901	26,209
Net book value
At 31 March 2021	17	66	17	100
At 31 March 2020	23	88	23	134

Page 4

WORLAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

5.	Debtors
		2021	2020
		£	£

Due after more than one year
Other debtors	-	205,000

Debtors due after more than one year comprise a loan to a connected company. Interest is charged at 3.81% over the Lloyds Bank base rate and the loan is repayable in 2022.

					2021	2020
					£	£

Due within one year
Other debtors	417,070	211,877
Prepayments and accrued income	1,270	1,609
	418,340	213,486

6.	Cash and cash equivalents
		2021	2020
		£	£

	Cash at bank and in hand	638,348	675,590

7.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Other taxation and social security	3,189	3,024
Other creditors	8,622	5,122
Accruals and deferred income	780	780
	12,591	8,926

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