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REGISTERED NUMBER: 10516161 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 June 2024

for

IWM Holdings Limited

IWM Holdings Limited (Registered number: 10516161)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IWM Holdings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C E Hollier
P D Hollier





REGISTERED OFFICE: Unit 2 Facet Road
Kings Norton
Birmingham
B38 9PT





REGISTERED NUMBER: 10516161 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

IWM Holdings Limited (Registered number: 10516161)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 333,333 333,333
Investment property 5 449,242 449,242
782,575 782,575

CURRENT ASSETS
Debtors 6 155,244 204,866
Cash at bank 79,702 67,589
234,946 272,455
CREDITORS
Amounts falling due within one year 7 162,240 212,618
NET CURRENT ASSETS 72,706 59,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

855,281

842,412

CAPITAL AND RESERVES
Called up share capital 333,333 333,333
Retained earnings 521,948 509,079
SHAREHOLDERS' FUNDS 855,281 842,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:




P D Hollier - Director



C E Hollier - Director


IWM Holdings Limited (Registered number: 10516161)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

IWM 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about IWM 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.

Turnover
Turnover represents rents receivable for the letting of properties.
Income is recognised when the risks and rewards of ownership have been transferred to tenants. This is taken to be the date rent is due in respect of each unit under the terms of the lease.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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.

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 year 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 year was 2 (2023 - 2 ) .

IWM Holdings Limited (Registered number: 10516161)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 333,333
NET BOOK VALUE
At 30 June 2024 333,333
At 30 June 2023 333,333

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 449,242
NET BOOK VALUE
At 30 June 2024 449,242
At 30 June 2023 449,242

Investment properties are included in the accounts at cost price which the directors believe is not significantly different to the market value of the properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 10,582
Amounts owed by group undertakings 152,693 184,157
Other debtors 2,551 10,127
155,244 204,866

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 8,487
Taxation and social security 3,020 -
Other creditors 159,220 204,131
162,240 212,618

8. RELATED PARTY DISCLOSURES

At 30th June 2024 the company owed £154,404 (2023 - £188,893) to the directors.