Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30true52024-02-13The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseHolding companytruefalse 15487801 2024-02-12 15487801 2024-02-13 2024-06-30 15487801 2024-06-30 15487801 2023-02-13 2024-02-12 15487801 1 2024-02-13 2024-06-30 15487801 d:Director4 2024-02-13 2024-06-30 15487801 c:CurrentFinancialInstruments 2024-06-30 15487801 c:Non-currentFinancialInstruments 2024-06-30 15487801 c:Non-currentFinancialInstruments 1 2024-06-30 15487801 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 15487801 c:Non-currentFinancialInstruments c:AfterOneYear 2024-06-30 15487801 c:ShareCapital 2024-02-13 2024-06-30 15487801 c:ShareCapital 2024-06-30 15487801 c:RetainedEarningsAccumulatedLosses 2024-02-13 2024-06-30 15487801 c:RetainedEarningsAccumulatedLosses 2024-06-30 15487801 d:FRS102 2024-02-13 2024-06-30 15487801 d:AuditExempt-NoAccountantsReport 2024-02-13 2024-06-30 15487801 d:FullAccounts 2024-02-13 2024-06-30 15487801 d:PrivateLimitedCompanyLtd 2024-02-13 2024-06-30 15487801 6 2024-02-13 2024-06-30 15487801 f:PoundSterling 2024-02-13 2024-06-30 iso4217:GBP xbrli:pure

Company Registration Number 15487801























WJTT GROUP LTD





UNAUDITED
FINANCIAL STATEMENTS





 30 JUNE 2024























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WJTT GROUP LTD
REGISTERED NUMBER: 15487801

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
Note
£

Fixed assets
  

Investments
 4 
9,602,741

  
9,602,741

Current assets
  

Cash at bank and in hand
 6 
720

  
720

Creditors: amounts falling due within one year
 7 
(645,283)

Net current (liabilities)/assets
  
 
 
(644,563)

Total assets less current liabilities
  
8,958,178

Creditors: amounts falling due after more than one year
 8 
(7,881,775)

  

Net assets
  
1,076,403


Capital and reserves
  

Called up share capital 
  
1,000

Profit and loss account
  
1,075,403

  
1,076,403


Page 1

 
WJTT GROUP LTD
REGISTERED NUMBER: 15487801

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D Bullement
Director

Date: 25 March 2025

The notes on pages 4 to 6 form part of these financial statements.

Page 2

 
WJTT GROUP LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 JUNE 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period
-
1,075,403
1,075,403
Total comprehensive income for the period
-
1,075,403
1,075,403


Contributions by and distributions to owners

Shares issued during the period
1,000
-
1,000


Total transactions with owners
1,000
-
1,000


At 30 June 2024
1,000
1,075,403
1,076,403

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
WJTT GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

The company is a private company limited by shares and registered in England and Wales. Its registered
address is 3 Burma Drive, Marfleet Industrial Estate, Hull, East Yorkshire, HU9 5SD. The company was incorporated on 13 February 2024, and these financial statements show the activity of the company from incorporation to 30 June 2024.
The accounts are presented in pounds sterling ('£') which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The company is a holding company within a wider trading group. The directors prepare forecasts and budgets and conclude that the group has sufficient resource to continue for at least 12 months from the signing of these financial statements. Therefore, the accounts have been prepared on a going concern basis.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
WJTT GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees




The average monthly number of employees, including directors, during the period was 5.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
9,602,741



At 30 June 2024
9,602,741





5.



Subsidiary undertaking



6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
720

720


Page 5

 
WJTT GROUP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

7.


Creditors: Amounts falling due within one year

2024
£

Loan notes
581,011

Amounts owed to group undertakings
39,537

Accruals and deferred income
24,735

645,283



8.


Creditors: Amounts falling due after more than one year

2024
£

Loan notes
5,229,105

Redeemable preference shares
2,652,670

7,881,775



9.


Related party transactions

The company has taken advantage of the exemption contained in Section 33 of the FRS102 'Related Party Disclosures' from disclosing transactions with entities which are part of the group, since 100% of the voting rights in the company are controlled within the group and the company is included within the group accounts.


10.


Post balance sheet events

After the year end, in July 2024, the Company acquired 100% of the share capital of WJC Holdings Ltd and WJ Fire Retardant Ltd.
Total consideration for WJC Holdings Ltd was £3,024,760, financed by the issue of preference shares.
Total consideration for WJ Fire Retardant Ltd was £1,512,326, financed by the issue of preference shares.


11.


Controlling party

The directors do not consider there to be an ultimate controlling party.


Page 6