Surf AccountsProduction v1.0.0 v1.0.0 2022-01-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is health education.

On 16 December 2021 all shareholders agreed to sell their 100% holding in the company to WW NI HoldCo Limited. The SPA was completed on 17 February 2022. The company ceased its trading activities on 31 December 2021 and is currently dormant.
1 November 2023 0 11
NI031369 2022-12-31 NI031369 2021-12-31 NI031369 2020-12-31 NI031369 2022-01-01 2022-12-31 NI031369 2021-01-01 2021-12-31 NI031369 uk-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 NI031369 uk-curr:PoundSterling 2022-01-01 2022-12-31 NI031369 uk-bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 NI031369 uk-bus:AbridgedAccounts 2022-01-01 2022-12-31 NI031369 uk-core:ShareCapital 2022-12-31 NI031369 uk-core:ShareCapital 2021-12-31 NI031369 uk-core:OtherReservesSubtotal 2022-12-31 NI031369 uk-core:OtherReservesSubtotal 2021-12-31 NI031369 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI031369 uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 NI031369 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI031369 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-12-31 NI031369 uk-bus:FRS102 2022-01-01 2022-12-31 NI031369 uk-core:Goodwill 2022-01-01 2022-12-31 NI031369 uk-core:PlantMachinery 2022-01-01 2022-12-31 NI031369 uk-bus:Audited 2022-01-01 2022-12-31 NI031369 uk-core:Goodwill 2021-12-31 NI031369 uk-core:Goodwill 2022-12-31 NI031369 uk-core:ParentEntities 2022-01-01 2022-12-31 NI031369 uk-core:UltimateParent 2022-01-01 2022-12-31 NI031369 2022-01-01 2022-12-31 NI031369 uk-bus:Director1 2022-01-01 2022-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI031369
 
 
Checkweight Limited
 
Abridged Financial Statements
 
for the financial year ended 31 December 2022
Checkweight Limited
Company Registration Number: NI031369
ABRIDGED STATEMENT OF FINANCIAL POSITION
as at 31 December 2022

2022 2021
Notes £ £
 
Non-Current Assets
Intangible assets 5 - 1,280
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Current Assets
Receivables 5,268 146
Cash and cash equivalents - 50,284
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5,268 50,430
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Payables: amounts falling due within one year (26,105) (89,736)
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Net Current Liabilities (20,837) (39,306)
───────── ─────────
Total Assets less Current Liabilities (20,837) (38,026)
 
Provisions for liabilities - 10,879
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Net Liabilities (20,837) (27,147)
═════════ ═════════
 
Equity
Called up share capital 7 7
Other reserves 5 5
Retained earnings (20,849) (27,159)
───────── ─────────
Equity attributable to owners of the company (20,837) (27,147)
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Directors' Report.
           
Approved by the Board and authorised for issue on 20 October 2023 and signed on its behalf by
           
           
           
Heather Stark          
Director          
           



Checkweight Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2022

   
1. General Information
 
Checkweight Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is NI031369. The registered office of the company is 50 Bedford Street, Belfast, Belfast, BT2 7FW, Northern Ireland which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 December 2022 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance.   Revenue comprises the fair value of consideration received and receivable exclusive of value added tax and after discounts and rebates.

Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transaction, the fair value of the consideration is measured as the present value of all future receipts using the imputed rate of interest.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the provision of health education services is recognised in the accounting period in which the services are rendered and the outcome of the contract can be estimated reliably.  The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.
 
Intangible assets
 
Intangibles
Intangibles are valued at cost less accumulated amortisation.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Statement of Financial Position and amortised on a straight line basis over its economic useful life of 27 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Property, plant and equipment and depreciation
(i) Cost:
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes prime cost, overheads and interest incurred in financing the construction of tangible fixed assets. Capitalisation of interest ceases when the asset is brought into use.

The difference between depreciation based on the deemed cost charged in the Income Statement and the asset’s original cost is transferred from revaluation reserve to retained earnings.

Equipment and fixtures and fittings are stated at cost less accumulated depreciation and accumulated impairment losses.  

(ii) Depreciation:
The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Straight line
 
The company’s policy is to review the remaining useful economic lives and residual values of tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining estimated useful economic life and residual value.

Fully depreciated property, plant & equipment are retained in the cost of property, plant & equipment and related accumulated depreciation until they are removed from service. In the case of disposals, assets and related depreciation are removed from the financial statements and the net amount, less proceeds from disposal, is charged or credited to the Income Statement.
 
(iii) Impairments:
Assets not carried at fair value are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount.

The recoverable amount is the higher of an asset’s fair value less costs to sell and value in use.  Value in use is defined as the present value of the future pre-tax and interest cash flows obtainable as a result of the asset’s continued use.  The pre-tax and interest cash flows are discounted using a pre-tax discount rate that represents the current market risk free rate and the risks inherent in the asset.  For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (cash-generating units).  

If the recoverable amount of the asset (or asset’s cash generating unit) is estimated to be lower than the carrying amount, the carrying amount is reduced to its recoverable amount.  An impairment loss is recognised in the Income Statement, unless the asset has been revalued when the amount is recognised in other comprehensive income to the extent of any previously recognised revaluation.  Thereafter any excess is recognised in the Income Statement.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Statement of Financial Position bank overdrafts are shown within Payables.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other payables
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Related parties
For the purposes of these financial statements a party is considered to be related to the company if:
 
- the party has the ability, directly or indirectly, through one or more intermediaries to control the company or exercise significant influence over the company in making financial and operating policy decisions or has joint control over the company;
- the company and the party are subject to common control;
- the party is an associate of the company or forms part of a joint venture with the company;
- the party is a member of key management personnel of the company or the company's parent, or a close family member of such as an individual, or is an entity under the control, joint control or significant influence of such individuals;
- the party is a close family member of a party referred to above or is an entity under the control or significant influence of such individuals; or
- the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company.
 
The company discloses transactions with related parties which are not wholly owned with the same group. It does not disclose transactions with members of the same group that are wholly owned.
 
Employee benefits
The company provides a range of benefits to employees, including annual bonus and paid holiday arrangements.

(i)   Short term benefits:
Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period

(ii)  Annual bonus plans:The company recognises a provision and an expense for bonuses where the company has a legal or constructive obligation as a result of past events and a reliable estimate can be made.

(iii) Defined contribution pension:
The Company operates a defined contribution plan.  A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate fund.  Under defined contribution plans, the company has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

For defined contribution plans, the company pays contributions to privately administered pension plans on a contractual or voluntary basis.  The company has no further payment obligations once the contributions have been paid.  The contributions are recognised as employee benefit expense when they are due.  Prepaid contributions are recognised as an asset to the extent that a cash refund or a reduction in the future payments is available.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. INFORMATION RELATING TO THE AUDITOR'S REPORT
 
The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
 
The financial statements were audited by John McElhinney & Co..
The Auditor's Report was signed by John J. McElhinney (Senior Statutory Auditor) for and on behalf of John McElhinney & Co. on 1st November 2023.
 
       
4. Employees
 
The average monthly number of employees, during the financial year was 0, (2021 - 11).  At the time of preparing the accounts, all employees have ceased their employment with the Company.
 
  2022 2021
  Number Number
 
Administration - 11
  ═════════ ═════════
       
5. Intangible assets
     
  Intangibles Goodwill
  £ £
Cost
At 1 January 2022 - 72,000
Additions 176,596 950,272
Disposals (176,596) (950,272)
  ───────── ─────────
At 31 December 2022 - 72,000
  ───────── ─────────
Amortisation
At 1 January 2022 - 70,720
Charge for financial year - 1,280
  ───────── ─────────
At 31 December 2022 - 72,000
  ───────── ─────────
Carrying amount
At 31 December 2022 - -
  ═════════ ═════════
At 31 December 2021 - 1,280
  ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 December 2022.
   
7. Parent and ultimate parent company
 
The company regards WW NI HoldCo Limited as its parent company.
 
The companys ultimate parent undertaking is WW International Inc, US.
The address of WW International Inc, US is 675 Avenue Of The Americas Fl 6, New York, NY, 10010-5117, United States.
 
   
8. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.