0 false false false false false false false false false true false false false false false false No description of principal activity 2022-05-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,755,000 23,400 23,400 1,731,600 1,755,000 35 35 35 xbrli:pure xbrli:shares iso4217:GBP 13367333 2022-05-01 2023-06-30 13367333 2023-06-30 13367333 2022-04-30 13367333 core:LandBuildings core:OwnedOrFreeholdAssets 2022-05-01 2023-06-30 13367333 bus:Director1 2022-05-01 2023-06-30 13367333 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 13367333 core:WithinOneYear 2023-06-30 13367333 core:WithinOneYear 2022-04-30 13367333 core:AfterOneYear 2023-06-30 13367333 core:AfterOneYear 2022-04-30 13367333 core:ShareCapital 2023-06-30 13367333 core:ShareCapital 2022-04-30 13367333 core:RetainedEarningsAccumulatedLosses 2023-06-30 13367333 core:RetainedEarningsAccumulatedLosses 2022-04-30 13367333 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 13367333 core:Non-currentFinancialInstruments 2023-06-30 13367333 core:Non-currentFinancialInstruments 2022-04-30 13367333 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-30 13367333 bus:SmallEntities 2022-05-01 2023-06-30 13367333 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-06-30 13367333 bus:FullAccounts 2022-05-01 2023-06-30 13367333 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-06-30 13367333 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-06-30
COMPANY REGISTRATION NUMBER: 13367333
AWB (Holdings) Limited
Filleted Unaudited Financial Statements
For the period ended
30 June 2023
AWB (Holdings) Limited
Statement of Financial Position
30 June 2023
30 Jun 23
30 Apr 22
Note
£
£
Fixed assets
Tangible assets
4
1,731,600
1,755,000
Investments
5
35
35
------------
------------
1,731,635
1,755,035
Current assets
Debtors
6
100
100
Cash at bank and in hand
32
34
----
----
132
134
Creditors: amounts falling due within one year
7
416,309
835,361
---------
---------
Net current liabilities
416,177
835,227
------------
------------
Total assets less current liabilities
1,315,458
919,808
Creditors: amounts falling due after more than one year
8
451,360
501,220
------------
---------
Net assets
864,098
418,588
------------
---------
AWB (Holdings) Limited
Statement of Financial Position (continued)
30 June 2023
30 Jun 23
30 Apr 22
Note
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
863,998
418,488
---------
---------
Shareholders funds
864,098
418,588
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 February 2024 , and are signed on behalf of the board by:
S Perna
Director
Company registration number: 13367333
AWB (Holdings) Limited
Notes to the Financial Statements
Period from 1 May 2022 to 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Enterprise House, 38 Tyndall Court, Commerce Road, Lynchwood, Peterborough, PE2 6LR. The company's trading address is 4 Vicarage Farm Road, Peterborough, PE1 5TP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Rental income from operating leases is recognised on a straight-line basis over the lease term.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
4. Tangible assets
Freehold property
£
Cost
At 1 May 2022 and 30 June 2023
1,755,000
------------
Depreciation
At 1 May 2022
Charge for the period
23,400
------------
At 30 June 2023
23,400
------------
Carrying amount
At 30 June 2023
1,731,600
------------
At 30 April 2022
1,755,000
------------
Included in the above is land which has been valued at £585,000. The land has not been depreciated.
5. Investments
Shares in group undertakings
£
Cost
At 1 May 2022 and 30 June 2023
35
----
Impairment
At 1 May 2022 and 30 June 2023
----
Carrying amount
At 30 June 2023
35
----
At 30 April 2022
35
----
6. Debtors
30 Jun 23
30 Apr 22
£
£
Other debtors
100
100
----
----
7. Creditors: amounts falling due within one year
30 Jun 23
30 Apr 22
£
£
Bank loans and overdrafts
33,600
35,078
Amounts owed to group undertakings and undertakings in which the company has a participating interest
363,968
794,746
Social security and other taxes
17,541
4,337
Other creditors
1,200
1,200
---------
---------
416,309
835,361
---------
---------
The bank loan is secured on the assets of the company.
8. Creditors: amounts falling due after more than one year
30 Jun 23
30 Apr 22
£
£
Bank loans and overdrafts
451,360
501,220
---------
---------
The bank loan is secured on the assets of the company.
Included within creditors: amounts falling due after more than one year is an amount of £324,800 (2022: £358,400) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.