Company registration number 09560768 (England and Wales)
HW Holdings Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
HW Holdings Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
HW Holdings Limited
Statement of financial position
as at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,724
3,205
Investments
4
1,250,000
1,250,000
1,252,724
1,253,205
Current assets
Debtors
1,050,000
600,000
Cash at bank and in hand
211,830
12,456
1,261,830
612,456
Creditors: amounts falling due within one year
(821,509)
(7,114)
Net current assets
440,321
605,342
Total assets less current liabilities
1,693,045
1,858,547
Capital and reserves
Called up share capital
5
19,200
19,200
Other reserves
1,672,400
1,672,400
Profit and loss reserves
1,445
166,947
Total equity
1,693,045
1,858,547
HW Holdings Limited
Statement of financial position (continued)
as at 30 April 2024
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 members have 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 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 15 July 2024 and are signed on its behalf by:
L Smith
Director
Company Registration No. 09560768
HW Holdings Limited
Notes to the financial statements
for the year ended 30 April 2024
- 3 -
1
Accounting policies
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 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 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 £.
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
15% reducing balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for diminution in value.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
6
6
HW Holdings Limited
Notes to the financial statements (continued)
for the year ended 30 April 2024
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 May 2023 and 30 April 2024
10,000
Depreciation and impairment
At 1 May 2023
6,795
Depreciation charged in the year
481
At 30 April 2024
7,276
Carrying amount
At 30 April 2024
2,724
At 30 April 2023
3,205
4
Fixed asset investments
2024
2023
£
£
Investments
1,250,000
1,250,000
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 May 2023 & 30 April 2024
1,250,000
At 30 April 2024
1,250,000
Impairment
At 1 May 2023 & 30 April 2024
-
At 30 April 2024
-
Carrying amount
At 30 April 2024
1,250,000
At 30 April 2023
1,250,000
HW Holdings Limited
Notes to the financial statements (continued)
for the year ended 30 April 2024
- 5 -
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
18,000
18,000
18,000
18,000
Ordinary A shares of £1 each
200
200
200
200
Ordinary B shares of £1 each
200
200
200
200
Ordinary C shares of £1 each
200
200
200
200
Ordinary D shares of £1 each
200
200
200
200
Ordinary E shares of £1 each
200
200
200
200
Ordinary F shares of £1 each
200
200
200
200
19,200
19,200
19,200
19,200
6
Parent company
The parent company is Heat Works Group Limited, a company registered in England & Wales and whose registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.
7
Company information
HW Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.