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Registration number: 06926478

CW Lincoln Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 December 2023

 

CW Lincoln Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

CW Lincoln Limited

Company Information

Directors

Mr T E Warner

Mr M R Seward

Mrs C Seward

Company secretary

Mr M R Seward

Registered office

Outer Circle Road
Lincoln
LN2 4LD

Solicitors

Sills & Betteridge
46 Silver Street
Lincoln
LN2 1ED

Bankers

Barclays Bank PLC
City Office Park
Tritton Road
Lincoln
LN6 7YY

Accountants

RWB CA Limited
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

 

CW Lincoln Limited

(Registration number: 06926478)
Balance Sheet as at 30 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

33,478

33,478

Current assets

 

Cash at bank and in hand

 

347,014

252,646

Creditors: Amounts falling due within one year

5

(575)

(550)

Net current assets

 

346,439

252,096

Net assets

 

379,917

285,574

Capital and reserves

 

Called up share capital

6

28,698

28,698

Retained earnings

351,219

256,876

Shareholders' funds

 

379,917

285,574

For the financial year ending 30 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 September 2024 and signed on its behalf by:
 

.........................................
Mr M R Seward
Director

 

CW Lincoln Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Outer Circle Road
Lincoln
LN2 4LD

These financial statements were authorised for issue by the Board on 3 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group.The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts. .

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

CW Lincoln Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Investments

2023
£

2022
£

Investments in subsidiaries

33,478

33,478

Subsidiaries

£

Cost or valuation

At 31 December 2022

33,478

Provision

Carrying amount

At 30 December 2023

33,478

At 30 December 2022

33,478

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

CW Lincoln Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

Charles Warner Limited

England and Wales

Ordinary

100%

100%

Charles Warner (Properties) Limited

England and Wales

Ordinary

100%

100%

Subsidiary undertakings

Charles Warner Limited

The principal activity of Charles Warner Limited is the sale and maintenance of motor vehicles.

Charles Warner (Properties) Limited

The principal activity of Charles Warner (Properties) Limited is property management.

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

575

550

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

28,698

28,698

28,698

28,698