Company Registration No. 07181799 (England and Wales)
HCW FACILITIES MANAGEMENT LTD
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
HCW FACILITIES MANAGEMENT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
HCW FACILITIES MANAGEMENT LTD
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
1
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
9,739
5,024
Cash at bank and in hand
65,569
15,037
75,308
20,061
Creditors: amounts falling due within one year
4
(75,307)
(20,060)
Net current assets
1
1
Capital and reserves
Called up share capital
1
1

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 November 2023 and are signed on its behalf by:
I Johnson
Director
Company Registration No. 07181799
HCW FACILITIES MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
2
1
Accounting policies
Company information

HCW Facilities Management Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Middle Brook Centre, Middle Brook Street, Winchester, Hampshire, SO23 8DQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration receivable for goods and services provided in the normal course of business.

1.3
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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method. Financial liabilities classified as payable within one year are not amortised.

HCW FACILITIES MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies (Continued)
3
1.4
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
9,739
5,024
4
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
70,717
18,730
Other creditors
4,590
1,330
75,307
20,060
5
Related party transactions
HCW FACILITIES MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
5
Related party transactions (Continued)
4

Hope Church Winchester holds 100% of the share capital of the company. During the year Hope Church Winchester recharged £51,987 (2022: £38,657) of expenses to the company. The company also donated £nil (2022: £nil) to the parent charity. Included within current liabilities at the balance sheet date is £70,717 (2022: £18,730) in respect of amounts owed to Hope Church Winchester.

2023-03-312022-04-01false28 November 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityGary WoodI JohnsonM ParkerM Parker071817992022-04-012023-03-31071817992023-03-31071817992022-03-3107181799core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3107181799core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3107181799core:CurrentFinancialInstruments2023-03-3107181799core:CurrentFinancialInstruments2022-03-3107181799core:ShareCapital2023-03-3107181799core:ShareCapital2022-03-3107181799bus:Director22022-04-012023-03-31071817992021-04-012022-03-3107181799bus:PrivateLimitedCompanyLtd2022-04-012023-03-3107181799bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107181799bus:FRS1022022-04-012023-03-3107181799bus:AuditExemptWithAccountantsReport2022-04-012023-03-3107181799bus:Director12022-04-012023-03-3107181799bus:Director32022-04-012023-03-3107181799bus:CompanySecretary12022-04-012023-03-3107181799bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP