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REGISTERED NUMBER: 11972017 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

JW & NAW LIMITED

JW & NAW LIMITED (REGISTERED NUMBER: 11972017)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JW & NAW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: N A West
Mrs J West





REGISTERED OFFICE: 3 Park Square East
Leeds
LS1 2NE





REGISTERED NUMBER: 11972017 (England and Wales)





ACCOUNTANTS: Fortus Limited
3 Park Square East
Leeds
LS1 2NE

JW & NAW LIMITED (REGISTERED NUMBER: 11972017)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 1,457,685 1,588,842

CURRENT ASSETS
Debtors 5 384 375
Cash at bank 10,926 376,732
11,310 377,107
CREDITORS
Amounts falling due within one year 6 1,322,859 2,001,601
NET CURRENT LIABILITIES (1,311,549 ) (1,624,494 )
TOTAL ASSETS LESS CURRENT LIABILITIES 146,136 (35,652 )

CAPITAL AND RESERVES
Called up share capital 7 200 200
Fair value reserve 8 178,556 24,325
Retained earnings 8 (32,620 ) (60,177 )
SHAREHOLDERS' FUNDS 146,136 (35,652 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 21 May 2025 and were signed on its behalf by:





Mrs J West - Director


JW & NAW LIMITED (REGISTERED NUMBER: 11972017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

JW & NAW 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 as modified by the revaluation of certain assets.

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 NIL (2023 - NIL).

JW & NAW LIMITED (REGISTERED NUMBER: 11972017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 June 2023 1,588,842
Additions 144,918
Disposals (436,578 )
Share of profit/(loss) 18,548
Revaluations 141,955
At 31 May 2024 1,457,685
NET BOOK VALUE
At 31 May 2024 1,457,685
At 31 May 2023 1,588,842

Cost or valuation at 31 May 2024 is represented by:

Unlisted
investments
£   
Valuation in 2021 1,370,271
Valuation in 2022 266,564
Valuation in 2023 (47,993 )
Valuation in 2024 (131,158 )
1,457,684

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
UNLISTED INVESTMENTS

'COST' ACCOUNT TOTAL
Cost/valuation b/f 1,588,842
Net additions 144,918
Disposals (436,578 )
Net (gain)/loss on disposals 18,548
Revaluations 141,955
1,457,685

CLIENT SCREEN TOTAL = 1,457,684


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 384 375

JW & NAW LIMITED (REGISTERED NUMBER: 11972017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 1,321,929 1,999,801
Accrued expenses 930 1,800
1,322,859 2,001,601

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2023 (60,177 ) 24,325 (35,852 )
Profit for the year 27,557 27,557
Increase/(Decrease) in
valuation

-

154,231

154,231

At 31 May 2024 (32,620 ) 178,556 145,936

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J West.