W & J Tod Holdings Limited 02514416 true 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of a holding company within the AGC Aerospace Limited group. Digita Accounts Production Advanced 6.30.9574.0 true J L Buck R R Nagel true true 02514416 2023-01-01 2023-12-31 02514416 2023-12-31 02514416 bus:OrdinaryShareClass1 2023-12-31 02514416 core:ShareCapital 2023-12-31 02514416 bus:FRS102 2023-01-01 2023-12-31 02514416 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02514416 bus:FullAccounts 2023-01-01 2023-12-31 02514416 bus:RegisteredOffice 2023-01-01 2023-12-31 02514416 bus:Director1 2023-01-01 2023-12-31 02514416 bus:Director3 2023-01-01 2023-12-31 02514416 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 02514416 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02514416 countries:EnglandWales 2023-01-01 2023-12-31 02514416 2022-01-01 2022-12-31 02514416 2022-12-31 02514416 bus:OrdinaryShareClass1 2022-12-31 02514416 core:ShareCapital 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02514416

W & J Tod Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

W & J Tod Holdings Limited

Profit and Loss Account for the Year Ended 31 December 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

W & J Tod Holdings Limited

(Registration number: 02514416)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

1

1

Capital and reserves

 

Called up share capital

5

1

1

Shareholders' funds

 

1

1

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.

Approved and authorised by the Board on 16 September 2024 and signed on its behalf by:
 


J L Buck
Director

 

W & J Tod Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 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:
4 Coleman Street
6th Floor
London
EC2R 5AR

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Name of parent of group

These financial statements are consolidated in the financial statements of AGC Aerospace Limited.

The financial statements of AGC Aerospace Limited may be obtained from the company's registered office.

Going concern

The company is an indirect subsidiary of AGC Aerospace Limited, a company incorporated in England, which is itself a subsidiary of Unitech Holdco, Inc. (Unitech) a company incorporated in Delaware USA. The Parent Company and the Group are dependent on the financial support of Unitech and its subsidiaries who have indicated that they will continue to provide such financial support to the UK Group to enable it to continue operations. In order to provide that support, Unitech has negotiated funding facilities with its lenders and equity stakeholders to provide the facilities required.

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

 

W & J Tod Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing these financial statements, the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses.

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.

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.

Financial instruments


The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 3).

4

Cash and cash equivalents

2023
£

2022
£

Cash at bank

1

1

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

A Ordinary of £1 each

1

1

1

1