Company Registration No. 10843609 (England and Wales)
CTW UK Limited
Unaudited accounts
for the year ended 30 June 2023
CTW UK Limited
Unaudited accounts
Contents
CTW UK Limited
Company Information
for the year ended 30 June 2023
Directors
J D Womby
C T Womby
Company Number
10843609 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
CTW UK Limited
Statement of financial position
as at 30 June 2023
Investment property
403,993
403,993
Cash at bank and in hand
803
1,752
Creditors: amounts falling due within one year
(170,390)
(177,619)
Net current liabilities
(169,587)
(175,867)
Total assets less current liabilities
234,406
228,126
Creditors: amounts falling due after more than one year
(216,635)
(216,635)
Called up share capital
1
1
Profit and loss account
17,770
11,490
Shareholders' funds
17,771
11,491
For the year ending 30 June 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 20 March 2024 and were signed on its behalf by
C T Womby
Director
Company Registration No. 10843609
CTW UK Limited
Notes to the Accounts
for the year ended 30 June 2023
CTW UK Limited is a private company, limited by shares, registered in England and Wales, registration number 10843609. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Fair value at 1 July 2022
403,993
The investment properties relate to 11 Green Meadows, Kendal Road, Macclesfield, Cheshire SK11 8PG, 73 Great King Street, Macclesfield, Cheshire SK11 6PN and 4 Alma Mill, Pickford Street, Macclesfield, Cheshire SK11 6LS all of which are shown at cost
CTW UK Limited
Notes to the Accounts
for the year ended 30 June 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,712
1,203
Loans from directors
167,078
173,416
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
216,635
216,635
The mortgages over the investment properties are secured over the investment properties to which they relate
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).