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Registration number: 14504101

LWS Group Limited

Unaudited Financial Statements

for the Period from 24 November 2022 to 30 September 2023

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

LWS Group Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

LWS Group Limited

Company Information

Director

L Walshe

Registered office

Unit 11 Boundary Business Court
Church Road
Mitcham
CR4 3TD

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

LWS Group Limited

Statement of Financial Position as at 30 September 2023

Note

2023
£

Fixed assets

 

Investments

4

101

Current assets

 

Debtors

5

16,379

Creditors: Amounts falling due within one year

6

(3,600)

Net current assets

 

12,779

Net assets

 

12,880

Capital and reserves

 

Called up share capital

1,001

Retained earnings

11,879

Shareholders' funds

 

12,880

For the financial period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 31 January 2025
 

.........................................

L Walshe

Director

Company registration number: 14504101

 

LWS Group Limited

Notes to the Unaudited Financial Statements for the Period from 24 November 2022 to 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 11 Boundary Business Court
Church Road
Mitcham
CR4 3TD

The principal activity of the company is that of an investment holding company.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the period ended 30 September 2023 and had net assets at that date of £12,880.

The company has few fixed overheads. The company's subsidiary is profitable and the director anticipates that it will continue to support the company's working capital requirements for the foreseeable future.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

LWS Group Limited

Notes to the Unaudited Financial Statements for the Period from 24 November 2022 to 30 September 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company during the period, was 0.

4

Investments

2023
£

Investments in subsidiaries

101

Subsidiaries

£

Cost or valuation

Additions and 30 September 2023

101

Provision

Carrying amount

At 30 September 2023

101

 

LWS Group Limited

Notes to the Unaudited Financial Statements for the Period from 24 November 2022 to 30 September 2023

5

Debtors

2023
£

Other debtors

16,379

16,379

6

Creditors

Creditors: amounts falling due within one year

2023
£

Trade creditors

3,600

7

Related party transactions

In accordance with FRS 102 paragraph 1AC.35, exemption is taken not to disclose transactions or amounts fully due with companies wholly controlled within the group.

8

Non adjusting events after the financial period

Subsequent to the year end dividends amounting to £75,000 were paid.