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REGISTERED NUMBER: 03812741 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

NWG LIMITED

NWG LIMITED (Registered number: 03812741)

Contents of the Financial Statements
for the Year Ended 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NWG LIMITED

Company Information
for the Year Ended 31 DECEMBER 2023







DIRECTOR: H Shah





REGISTERED OFFICE: Alpha House
296 Kenton Road
Harrow
HA3 8DD





REGISTERED NUMBER: 03812741 (England and Wales)





ACCOUNTANTS: Frasers Young Limited
Chartered Certified Accountants
Alpha House
296 Kenton Road
Harrow
HA3 8DD

NWG LIMITED (Registered number: 03812741)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 907 1,068
Investment property 5 1,500,000 1,500,000
1,500,907 1,501,068

CURRENT ASSETS
Debtors 6 202,975 202,975
Cash at bank 60,250 33,070
263,225 236,045
CREDITORS
Amounts falling due within one year 7 (21,460 ) (18,214 )
NET CURRENT ASSETS 241,765 217,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,742,672

1,718,899

CREDITORS
Amounts falling due after more than one
year

8

(867,550

)

(867,550

)

PROVISIONS FOR LIABILITIES (167,637 ) (167,637 )
NET ASSETS 707,485 683,712

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 707,385 683,612
SHAREHOLDERS' FUNDS 707,485 683,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NWG LIMITED (Registered number: 03812741)

Balance Sheet - continued
31 DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2024 and were signed by:





H Shah - Director


NWG LIMITED (Registered number: 03812741)

Notes to the Financial Statements
for the Year Ended 31 DECEMBER 2023


1. STATUTORY INFORMATION

NWG LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment properties
Investment properties are included at fair value. Gains are recognised in the statement of recognised gains and losses the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

NWG LIMITED (Registered number: 03812741)

Notes to the Financial Statements - continued
for the Year Ended 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 3,437
DEPRECIATION
At 1 January 2023 2,369
Charge for year 161
At 31 December 2023 2,530
NET BOOK VALUE
At 31 December 2023 907
At 31 December 2022 1,068

5. INVESTMENT PROPERTY


Cost or valuation at 31 December 2023 is represented by:
£   
Valuation in 2012 282,298
Valuation in 2015 200,000
Valuation in 2021 400,000
Cost 617,702
1,500,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 202,975 202,975

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 146 350
Other creditors 21,314 17,864
21,460 18,214

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 867,550 867,550

NWG LIMITED (Registered number: 03812741)

Notes to the Financial Statements - continued
for the Year Ended 31 DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 867,550 867,550

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 867,550 867,550

The bank loans are secured on the properties owned by the company.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director.