0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,199,220 4,199,220 4,199,220 xbrli:pure xbrli:shares iso4217:GBP 08518492 2023-04-01 2024-03-31 08518492 2024-03-31 08518492 2023-03-31 08518492 2022-04-01 2023-03-31 08518492 2023-03-31 08518492 2022-03-31 08518492 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08518492 core:WithinOneYear 2024-03-31 08518492 core:WithinOneYear 2023-03-31 08518492 core:ShareCapital 2024-03-31 08518492 core:ShareCapital 2023-03-31 08518492 core:RetainedEarningsAccumulatedLosses 2024-03-31 08518492 core:RetainedEarningsAccumulatedLosses 2023-03-31 08518492 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 08518492 core:Non-currentFinancialInstruments 2024-03-31 08518492 core:Non-currentFinancialInstruments 2023-03-31 08518492 bus:Director1 2023-04-01 2024-03-31 08518492 bus:SmallEntities 2023-04-01 2024-03-31 08518492 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08518492 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08518492 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08518492 bus:FullAccounts 2023-04-01 2024-03-31 08518492 bus:OrdinaryShareClass1 2024-03-31 08518492 bus:OrdinaryShareClass1 2023-03-31 08518492 bus:Director2 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 08518492
TWP (Newco) 132 Limited
Filleted Unaudited Financial Statements
31 March 2024
TWP (Newco) 132 Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
4,199,220
4,199,220
Current assets
Debtors
5
62,944
161,550
Creditors: amounts falling due within one year
6
4,204,115
4,265,563
------------
------------
Net current liabilities
4,141,171
4,104,013
------------
------------
Total assets less current liabilities
58,049
95,207
---------
---------
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
58,048
95,206
---------
---------
Shareholder funds
58,049
95,207
---------
---------
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 income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year 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 29 July 2024 , and are signed on behalf of the board by:
J D Fowler
Director
Company registration number: 08518492
TWP (Newco) 132 Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Waterloo Road, Wolverhampton, West Midland, WV1 4DJ.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Deferred tax
Deferred tax is recognised in respect of all 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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the assets is inpaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Investments
Other investments other than loans
£
Cost
At 1 April 2023 and 31 March 2024
4,199,220
------------
Impairment
At 1 April 2023 and 31 March 2024
------------
Carrying amount
At 31 March 2024
4,199,220
------------
At 31 March 2023
4,199,220
------------
The investment represents the holding of shares of Warwick Glass & Glazing Limited which is a wholly owned subsidiary.
5. Debtors
2024
2023
£
£
Other debtors
62,944
161,550
---------
---------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
4,200,050
4,261,804
Corporation tax
4,065
3,759
------------
------------
4,204,115
4,265,563
------------
------------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No
£
No
£
Ordinary shares of £ 1 each
1
1
1
1
---------
---------
---------
---------
8. Director's advances, credits and guarantees
The balance on the directors loan account at the balance sheet date was £47,847 (2023-£46,453)
9. Related party transactions
The company was under the control of the director throughout the current period. During the year a management charge of £20,000 (2023 - £20,000) was made to a subsidiary company, Warwick Glass & Glazing Ltd.