IRIS Accounts Production v24.2.0.383 07213914 Board of Directors 1.1.23 31.12.23 31.12.23 26.9.24 0 0 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072139142022-12-31072139142023-12-31072139142023-01-012023-12-31072139142021-12-31072139142022-01-012022-12-31072139142022-12-3107213914ns15:EnglandWales2023-01-012023-12-3107213914ns14:PoundSterling2023-01-012023-12-3107213914ns10:Director12023-01-012023-12-3107213914ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107213914ns10:SmallEntities2023-01-012023-12-3107213914ns10:Audited2023-01-012023-12-3107213914ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107213914ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107213914ns10:FullAccounts2023-01-012023-12-3107213914ns10:OrdinaryShareClass12023-01-012023-12-3107213914ns10:Director22023-01-012023-12-3107213914ns10:RegisteredOffice2023-01-012023-12-3107213914ns5:CurrentFinancialInstruments2023-12-3107213914ns5:CurrentFinancialInstruments2022-12-3107213914ns5:ShareCapital2023-12-3107213914ns5:ShareCapital2022-12-3107213914ns5:RetainedEarningsAccumulatedLosses2023-12-3107213914ns5:RetainedEarningsAccumulatedLosses2022-12-3107213914ns5:CostValuation2022-12-3107213914ns5:CostValuationns5:ListedExchangeTraded2022-12-3107213914ns5:AdditionsToInvestments2023-12-3107213914ns5:AdditionsToInvestmentsns5:ListedExchangeTraded2023-12-3107213914ns5:RevaluationsIncreaseDecreaseInInvestments2023-12-3107213914ns5:RevaluationsIncreaseDecreaseInInvestmentsns5:ListedExchangeTraded2023-12-3107213914ns5:CostValuation2023-12-3107213914ns5:CostValuationns5:ListedExchangeTraded2023-12-3107213914ns5:ListedExchangeTraded2023-12-3107213914ns5:ListedExchangeTraded2022-12-3107213914ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107213914ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3107213914ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 07213914 (England and Wales)















WARDSEND FIDENTIA LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






WARDSEND FIDENTIA LIMITED (REGISTERED NUMBER: 07213914)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


WARDSEND FIDENTIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: I M Laing
H A Laing



REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF



REGISTERED NUMBER: 07213914 (England and Wales)



SENIOR STATUTORY AUDITOR: Andrew Robinson



AUDITORS: Humphrey & Co Audit Services Ltd
7 - 9 The Avenue
Eastbourne
East Sussex
BN21 3YA

WARDSEND FIDENTIA LIMITED (REGISTERED NUMBER: 07213914)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,435,546 2,117,816

CURRENT ASSETS
Debtors 5 610,660 770,738
Cash at bank 34,572 119,261
645,232 889,999
CREDITORS
Amounts falling due within one year 6 974,428 953,123
NET CURRENT LIABILITIES (329,196 ) (63,124 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,106,350 2,054,692

PROVISIONS FOR LIABILITIES 65,000 71,705
NET ASSETS 2,041,350 1,982,987

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 2,041,349 1,982,986
SHAREHOLDERS' FUNDS 2,041,350 1,982,987

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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





I M Laing - Director


WARDSEND FIDENTIA LIMITED (REGISTERED NUMBER: 07213914)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Wardsend Fidentia 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Wardsend Fidentia Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the amount derived from the provision of services falling within the company's ordinary activities of, dividends receivable on investments and the share of profit or loss of unlisted partnership investments.

Dividends are recognised at date of receipt. The share of profit or loss of unlisted partnership investments is accounted for on an accruals basis.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be
adopted.

Dividends and other distributions received from the investment are recognised as income without
regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


WARDSEND FIDENTIA LIMITED (REGISTERED NUMBER: 07213914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy).

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversal of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Preparation of consolidated financial statements
The financial statements contain information about Wardsend Fidentia Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Wardsend Holdings Limited. The registered address of the holding company is 3 Castlegate, Grantham, NG31 6SF.

3. EMPLOYEES AND DIRECTORS

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

WARDSEND FIDENTIA LIMITED (REGISTERED NUMBER: 07213914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 667,262 1,450,554 2,117,816
Additions - 298,079 298,079
Revaluations - 19,651 19,651
At 31 December 2023 667,262 1,768,284 2,435,546
NET BOOK VALUE
At 31 December 2023 667,262 1,768,284 2,435,546
At 31 December 2022 667,262 1,450,554 2,117,816

Cost or valuation at 31 December 2023 is represented by:

Shares in
group Listed
undertakings investments Totals
£    £    £   
Valuation in 2023 - 1,768,284 1,768,284
Cost 667,262 - 667,262
667,262 1,768,284 2,435,546

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 580,897 749,459
Prepayments and accrued income 29,763 21,279
610,660 770,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 190
Amounts owed to group undertakings 971,776 950,253
Other creditors 2,652 2,680
974,428 953,123

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary 1 1 1

WARDSEND FIDENTIA LIMITED (REGISTERED NUMBER: 07213914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Robinson (Senior Statutory Auditor)
for and on behalf of Humphrey & Co Audit Services Ltd

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Wardsend Holdings Limited, company number 12374010.

I M Laing and C E Laing are the ultimate controlling parties.