1 January 2023 v2024.43.2 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP122628352023-01-012023-12-31122628352023-12-31122628352022-12-3112262835core:WithinOneYear2023-12-3112262835core:WithinOneYear2022-12-3112262835core:ShareCapital2023-12-3112262835core:ShareCapital2022-12-3112262835core:RetainedEarningsAccumulatedLosses2023-12-3112262835core:RetainedEarningsAccumulatedLosses2022-12-3112262835bus:Director12023-01-012023-12-3112262835bus:RegisteredOffice2023-01-012023-12-31122628352023-01-011226283512023-01-012023-12-31122628352022-01-012022-12-3112262835countries:EnglandWales2023-01-012023-12-3112262835bus:AuditExemptWithAccountantsReport2023-01-012023-12-3112262835bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112262835bus:SmallEntities2023-01-012023-12-3112262835bus:AbridgedAccounts2023-01-012023-12-31
Company registration number:
12262835
CNIW CAPITAL LIMITED
Unaudited Filleted Abridged Financial Statements for the year ended
31 December 2023
CNIW CAPITAL LIMITED
Report to the board of directors on the preparation of the unaudited statutory financial statements of CNIW CAPITAL LIMITED
Year ended
31 December 2023
As described on the abridged statement of financial position, the Board of Directors of
CNIW CAPITAL LIMITED
are responsible for the preparation of the
abridged financial statements
for the year ended
31 December 2023
, which comprise the abridged income statement, abridged statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
SGP Accountants Group LTD
Kingfisher House
2 Kingfisher Way
Stockton-on-Tees
TS18 3EX
United Kingdom
Date:
5 July 2024
CNIW CAPITAL LIMITED
Abridged Statement of Financial Position
31 December 2023
20232022
Note££
Current assets    
Debtors
67,179
  -  
Cash at bank and in hand
150
 
94,134
 
67,329
 
94,134
 
Creditors: amounts falling due within one year
(990
)
(7,795
)
Net current assets
66,339
 
86,339
 
Total assets less current liabilities 66,339   86,339  
Capital and reserves    
Called up share capital
10,000
 
30,000
 
Profit and loss account
56,339
 
56,339
 
Shareholders funds
66,339
 
86,339
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 December 2023
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
5 July 2024
, and are signed on behalf of the board by:
Dr A Al Zaiter
Director
Company registration number:
12262835
CNIW CAPITAL LIMITED
Notes to the Abridged Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Kingfisher House
,
2 Kingfisher Way
,
Stockton-On-Tees
,
TS18 3EX
, England.
CNIW Capital Ltd (12262835) was incorporated for investment purposes. Its main duties are investments in commodities (Oil), public shares and foreign exchange investments.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

CNIW Capital Ltd (12262835) revenue is dividend income and investment income.
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2022: Nil).

5 Fixed assets

Intangible assetsTangible assetsInvestmentsTotal
££££
Cost        
At
1 January 2023
-  
5,866
  -   5,866  
Disposals -  
(5,866
) -   (5,866 )
At
31 December 2023
-   -   -   -  
Amortisation, depreciation and impairment        
At
1 January 2023
-  
5,866
  -   5,866  
Disposals -  
(5,866
) -   (5,866 )
At
31 December 2023
-   -   -   -  
Carrying amount        
At
31 December 2023
-   -   -   -  
At 31 December 2022 -   -   -   -