Company Registration No. 09724836 (England and Wales)
JW Cline Road Limited
Unaudited accounts
for the year ended 31 August 2023
JW Cline Road Limited
Unaudited accounts
Contents
JW Cline Road Limited
Company Information
for the year ended 31 August 2023
Directors
Andrew Bennett
David Turner
Lady Laura Wellesley
James Wedge
Company Number
09724836 (England and Wales)
Registered Office
Unit 11 Worton Court
Worton Hall Ind Estate, Worton Road
Isleworth
Middlesex
TW7 6ER
UK
Accountants
CP Finance
Unit 11, Worton Court,
Worton Hall Estate, Worton Road
Isleworth
Middlesex
TW7 6ER
JW Cline Road Limited
Statement of financial position
as at 31 August 2023
Inventories
1,098,389
541,411
Cash at bank and in hand
1,777,739
2,312,992
Creditors: amounts falling due within one year
(2,171,865)
(2,150,333)
Net current assets
1,049,316
1,040,166
Net assets
1,049,316
1,040,166
Called up share capital
100
100
Profit and loss account
1,049,216
1,040,066
Shareholders' funds
1,049,316
1,040,166
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by
David Turner
Director
Company Registration No. 09724836
JW Cline Road Limited
Notes to the Accounts
for the year ended 31 August 2023
JW Cline Road Limited is a private company, limited by shares, registered in England and Wales, registration number 09724836. The registered office is Unit 11 Worton Court, Worton Hall Ind Estate, Worton Road, Isleworth, Middlesex, TW7 6ER, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The company has entered into 2 LLP arrangements during the year as a 50/50 partner with another related party. The LLP's have purchased development sites and the company has funded these purchases with loans in the sum of £343,300 and will be involved in the development operations going forward. WIP to date totals £1,098,388
Work in progress
1,098,389
541,411
The work in progress represents the cost of unsold units completed in developments.
Amounts falling due within one year
Amounts due from group undertakings etc.
343,300
335,000
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
23,058
7,270
Amounts owed to group undertakings and other participating interests
2,140,395
2,140,395
Taxes and social security
6,912
1,168
JW Cline Road Limited
Notes to the Accounts
for the year ended 31 August 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
The company is involved with 2 joint ventures with a related company and LLP's have been created to carry out residential property development schemes, which are being reported as WIP in the accounts. These schemes should get planning in 2023 and be ready to start construction.
The parent company is LW Holdco Limited, CRN 12889265, registered office Unit 11 Worton Court, Worton Hall Ind Estate, Worton Road, Isleworth, TW7 6ER.
During the year the parent company was inserted above the company in a share for share exchange in order to buy out the minority shareholders.
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Average number of employees
During the year the average number of employees was 5 (2022: 5).