Company registration number 13223135 (England and Wales)
JWS HOLDINGS GROUP LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
JWS HOLDINGS GROUP LIMITED
COMPANY INFORMATION
Directors
B McCabe
C Mountain
W Fisher
Company number
13223135
Registered office
Westport House
35 Frederick Road
Salford
Greater Manchester
M6 6LD
Auditor
Champion Accountants LLP
1 Worsley Court
High Street
Worsley
Manchester
M28 3NJ
JWS HOLDINGS GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
JWS HOLDINGS GROUP LIMITED
BALANCE SHEET
AS AT
30 DECEMBER 2023
30 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
4
7,498,981
7,498,981
Current assets
Debtors
6
100
100
Creditors: amounts falling due within one year
7
(1,749,375)
(1,749,375)
Net current liabilities
(1,749,275)
(1,749,275)
Net assets
5,749,706
5,749,706
Capital and reserves
Called up share capital
8
100
100
Merger reserve
5,749,606
5,749,606
Total equity
5,749,706
5,749,706

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered 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 24 September 2024 and are signed on its behalf by:
B McCabe
W Fisher
Director
Director
Company Registration No. 13223135
JWS HOLDINGS GROUP LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 DECEMBER 2023
- 2 -
Share capital
Merger reserve
Total
£
£
£
Balance at 31 December 2021
100
5,749,606
5,749,706
Year ended 30 December 2022:
Profit and total comprehensive income for the year
-
-
-
0
Balance at 30 December 2022
100
5,749,606
5,749,706
Year ended 30 December 2023:
Profit and total comprehensive income for the year
-
-
-
0
Balance at 30 December 2023
100
5,749,606
5,749,706
JWS HOLDINGS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

JWS Holdings Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Westport House, 35 Frederick Road, Salford, Greater Manchester, M6 6LD.

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.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

JWS Holdings Group Limited is a subsidiary undertaking of Broom Investments Limited, a company registered in Ireland. The results of JWS Holdings Group Limited are included in the consolidated financial statements of Broom Investments Limited which are available from 1st Floor, 118 Lower Baggot Street, Dublin 2, Dublin, Ireland.

1.2
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

JWS HOLDINGS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

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. Amounts 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.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

JWS HOLDINGS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
7,498,981
7,498,981
JWS HOLDINGS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 DECEMBER 2023
- 6 -
5
Subsidiaries

Details of the company's subsidiaries at 30 December 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Indirect
JWS Holdings Limited
England & Wales
Ordinary
100.00
-
JWS Waste & Recycling Services Limited
England & Wales
Ordinary
0
100.00
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
100
100
7
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
1,749,375
1,749,375
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
10,000
10,000
100
100
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Mark Turner FCA
Statutory Auditor:
Champion Accountants LLP
Date of audit report:
24 September 2024
10
Related party transactions

The company has taken advantage of FRS 102 paragraph 33.1A available to companies producing consolidated group financial statements and chosen not to disclose related party transactions within the group for 100% owned subsidiaries.

JWS HOLDINGS GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 DECEMBER 2023
- 7 -
11
Parent company

The immediate parent company is DM Topco Limited, a company registered in England and Wales. The registered office of DM Topco Limited is The Mrf Station Road, Caythorpe, Grantham, Lincolnshire, NG32 3EW.

 

The ultimate parent company is Broom Investments Limited, a company registered in Ireland. The registered office of Broom Investments Limited is 1st Floor, 118 Lower Baggot Street, Dublin 2, Dublin, Ireland.

The smallest group into which the financial statements are consolidated into is that headed by Broom Holdings BidCo Limited, a company registered in Ireland.

 

The largest group into which the financial statements are consolidated into is that headed by Broom Investments Limited, a company registered in Ireland.

2023-12-302022-12-31false24 September 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityThis audit opinion is unqualifiedB McCabeT AndrewC MountainC BloomW Fisherfalsefalse132231352022-12-312023-12-3013223135bus:Director12022-12-312023-12-3013223135bus:Director32022-12-312023-12-3013223135bus:Director52022-12-312023-12-3013223135bus:Director22022-12-312023-12-3013223135bus:Director42022-12-312023-12-3013223135bus:RegisteredOffice2022-12-312023-12-30132231352023-12-30132231352022-12-3013223135core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3013223135core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3013223135core:ShareCapital2023-12-3013223135core:ShareCapital2022-12-3013223135core:OtherMiscellaneousReserve2023-12-3013223135core:OtherMiscellaneousReserve2022-12-3013223135core:ShareCapital2021-12-3013223135core:OtherMiscellaneousReserve2021-12-30132231352021-12-30132231352021-12-312022-12-3013223135core:Subsidiary12022-12-312023-12-3013223135core:Subsidiary22022-12-312023-12-3013223135core:Subsidiary112022-12-312023-12-3013223135core:Subsidiary212022-12-312023-12-3013223135core:WithinOneYear2023-12-3013223135core:WithinOneYear2022-12-3013223135core:CurrentFinancialInstruments2023-12-3013223135core:CurrentFinancialInstruments2022-12-3013223135bus:PrivateLimitedCompanyLtd2022-12-312023-12-3013223135bus:SmallCompaniesRegimeForAccounts2022-12-312023-12-3013223135bus:FRS1022022-12-312023-12-3013223135bus:Audited2022-12-312023-12-3013223135bus:FullAccounts2022-12-312023-12-30xbrli:purexbrli:sharesiso4217:GBP