Registered number
09757906
CCWS Holdings LIMITED
Filleted Accounts
31 December 2023
CCWS Holdings LIMITED
Registered number: 09757906
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 1,572,144 1,572,144
Current assets
Cash at bank and in hand 1,139 779
Net current assets 1,139 779
Net assets 1,573,283 1,572,923
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 1,572,283 1,571,923
Shareholders' funds 1,573,283 1,572,923
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gerald Edwards
Director
Approved by the board on 4 September 2024
CCWS Holdings LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Fair Value
At 1 January 2023 1,572,144
At 31 December 2023 1,572,144
Historical cost
At 1 January 2023 4,020,000
At 31 December 2023 4,020,000
The directors consider it appropriate to recognise impairment losses when the initial cost of the investment is considered to be in excess of the recoverable amount.
4 Share Option Scheme
The company operates a Share Option Plan for the purpose of incentivising and retaining key directors and employees of its subsidiary CCWS LTD.
Under the terms of the plan the parent may grant options to eligible directors and employees. Such
options to enable participants to purchase equity shares in the company during the period not
exceeding 10 years following the date of the grant at a price based upon valuation on the date of
the grant.
The company has granted an option to one director to purchase upto 52
Ordinary B £1.00 shares at a price of £260 per share.
No options have been exercised during the period
5 Controlling party
The company is controlled by the directors.
6 Other information
CCWS Holdings LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
165 Woodlands Lane
Chichester
PO19 5PB
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