Company registration number 09156342 (England and Wales)
WAYSTONE (HOLDINGS) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
WAYSTONE (HOLDINGS) LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
WAYSTONE (HOLDINGS) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2023.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

C Dudley-Scales
Mrs I Gibbor
P Hoffbrand
A McLoughlin
H McLoughlin
S McLoughlin
A J Schreier
Qualifying third party indemnity provisions

The company has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.

Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
A McLoughlin
Director
17 September 2024
WAYSTONE (HOLDINGS) LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
Fixed assets
Investments
3
40,000
40,000
Capital and reserves
Called up share capital
5
100
100
Share premium account
39,900
39,900
Total equity
40,000
40,000

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 17 September 2024 and are signed on its behalf by:
A McLoughlin
Director
Company Registration No. 09156342
WAYSTONE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Waystone (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The registered office is CP House, Otterspool Way, Watford, Hertfordshire, WD25 8JJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of CP Holdings Limited. These consolidated financial statements are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

1.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

1.4
Share capital

Ordinary shares are classified as equity.

2
Employees
WAYSTONE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
(Continued)
- 4 -

The company has no employees other than the directors, who were remunerated either by CP Holdings Limited or Waystone Limited.

3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
40,000
40,000
4
Subsidiaries

Details of the company's subsidiaries at 31 December 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Waystone Limited
CP House, Otterspool Way, Watford, Hertfordshire, WD25 8JJ
Ordinary
100.00

Waystone Limited is incorporated in England and Wales. Its principal activity is that of property development and building and civil engineering contractors.

5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary 'A' shares of 1p each
5,100
5,100
51
51
Ordinary 'B' shares of 1p each
4,900
4,900
49
49
10,000
10,000
100
100

The 'A' and 'B' shares rank 'pari passu' and hold full voting and dividend rights.

6
Reserves

Share premium account

The share premium reserve includes any premium received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

7
Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.

WAYSTONE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
8
Ultimate parent company and controlling party

The parent undertaking of the smallest group undertaking for which consolidated financial statements are drawn up and of which the company is a member is CP Holdings Limited whose registered office is CP House, Otterspool Way, Watford, Hertfordshire, WD25 8JJ. Copies of these group financial statements are available from Companies House, Crown Way, Cardiff CF 14 3UZ.

 

The ultimate parent company is CP Holdings Limited, a company incorporated in England and Wales.

 

In the opinion of the directors, the ultimate controlling party is the Gibbor and Schreier families.

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