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REGISTERED NUMBER: 14725148 (England and Wales)















Unaudited Financial Statements

for the Period 13 March 2023 to 31 March 2024

for

Cw Group Holdings Limited

Cw Group Holdings Limited (Registered number: 14725148)






Contents of the Financial Statements
for the Period 13 March 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cw Group Holdings Limited

Company Information
for the Period 13 March 2023 to 31 March 2024







DIRECTOR: Dr C Wong





REGISTERED OFFICE: Primera Accountants Limited, First Floor
Stirling Way
Borehamwood
United Kingdom
WD6 2FX





REGISTERED NUMBER: 14725148 (England and Wales)





ACCOUNTANTS: TC Group
First Floor
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX

Cw Group Holdings Limited (Registered number: 14725148)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 288,830
Investments 5 200
289,030

CURRENT ASSETS
Debtors 6 948,000
Cash in hand 100
948,100
CREDITORS
Amounts falling due within one year 7 637,949
NET CURRENT ASSETS 310,151
TOTAL ASSETS LESS CURRENT
LIABILITIES

599,181

CREDITORS
Amounts falling due after more than one
year

8

(315,220

)

PROVISIONS FOR LIABILITIES (72,208 )
NET ASSETS 211,753

CAPITAL AND RESERVES
Called up share capital 9 300
Retained earnings 211,453
SHAREHOLDERS' FUNDS 211,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cw Group Holdings Limited (Registered number: 14725148)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 21 February 2025 and were signed by:





Dr C Wong - Director


Cw Group Holdings Limited (Registered number: 14725148)

Notes to the Financial Statements
for the Period 13 March 2023 to 31 March 2024

1. STATUTORY INFORMATION

Cw Group Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Preparation of consolidated financial statements
The financial statements contain information about Cw Group Holdings 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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is 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 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.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery -15% reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Cw Group Holdings Limited (Registered number: 14725148)

Notes to the Financial Statements - continued
for the Period 13 March 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

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.

Taxation
Taxation for the period 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 balance sheet date.


Cw Group Holdings Limited (Registered number: 14725148)

Notes to the Financial Statements - continued
for the Period 13 March 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 339,800
At 31 March 2024 339,800
DEPRECIATION
Charge for period 50,970
At 31 March 2024 50,970
NET BOOK VALUE
At 31 March 2024 288,830

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 13 March 2023
and 31 March 2024 200
NET BOOK VALUE
At 31 March 2024 200
At 12 March 2023 200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 348,000
Other debtors 600,000
948,000

Cw Group Holdings Limited (Registered number: 14725148)

Notes to the Financial Statements - continued
for the Period 13 March 2023 to 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 637,949

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 315,220

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
300 Ordinary £1 300

10. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 section 33, not to disclose transactions between wholly owned companies within the same group.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr C Wong.