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CWCB INVESTMENTS (DS6) LIMITED

Registered number: 03941686


UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
CWCB INVESTMENTS (DS6) LIMITED
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

In preparing this report the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

PRINCIPAL ACTIVITY

The company's principal activity is that of property investment.

DIRECTORS

The directors who served during the year were:

I J Benham 
S Z Khan 
K J Kingston 
R J Worthington 

The Company has in place a qualifying third party indemnity provision for all directors (to the extent permitted by law) in respect of liabilities incurred as a result of their office.  The Company also has in place liability insurance covering the directors and officers of the company and any associated companies.  Both the indemnity and insurance were in force during the period ended 31 December 2024 and at the time of the approval of this Directors' Report.  Neither the indemnity nor the insurance provide cover in the event that the director is proven to have acted dishonestly or fraudulently.

This report was approved by the board on 15 May 2025 and signed on its behalf.
 








I J Benham
Director


 
CWCB INVESTMENTS (DS6) LIMITED
REGISTERED NUMBER: 03941686

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Investment property
 2 
10,000
10,000

  
10,000
10,000

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 3 
75,000
75,000

  
75,000
75,000

TOTAL ASSETS LESS CURRENT LIABILITIES
  
85,000
85,000

  

NET ASSETS
  
85,000
85,000


CAPITAL AND RESERVES
  

Called up share capital 
 4 
1
1

Revaluation reserve
  
9,999
9,999

Retained earnings
  
75,000
75,000

  
85,000
85,000



No statement of comprehensive income is presented with these financial statements because the company has not recognised any income, expenditure or any other items of comprehensive income in respect of the year or the prior year.

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year 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 were approved and authorised for issue by the board and were signed on its behalf on 15 May 2025.







I J Benham
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
CWCB INVESTMENTS (DS6) LIMITED
 

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

1.ACCOUNTING POLICIES

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice, including FRS 102 "the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland").
In accordance with paragraph 35.10(m) of FRS 102, the company has elected to retain its previous accounting policies for reported assets, liabilities and equity until there is any change to those balances or the company undertakes any new transactions.

  
1.2
Cash flow statement

The company had no cash flows during the year and has accordingly not produced a Cash Flow Statement.

  
1.3

Statement of changes in equity

There have been no changes to equity and accordingly the company has not produced a statement of changes in equity.

Page 2

 
CWCB INVESTMENTS (DS6) LIMITED
 

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

2.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 January 2024
10,000



AT 31 DECEMBER 2024
10,000

At 31 December 2024, the property was valued externally by Savills, qualified valuers with recent experience in office properties at Canary Wharf. The fair value was determined in accordance with the Appraisal and Valuation Manual published by the Royal Institution of Chartered Surveyors, using:
- Discounted cash flows based on inputs provided by the company (current rents, terms and conditions of lease agreements) and assumptions and valuation models adopted by the valuers (estimated rental values, terminal values and discount rates).
- Yield methodology based on inputs provided by the company (current rents) and assumptions and valuation models adopted by the valuers (estimated rental values and market capitalisation rates).
The resulting valuations are cross checked against the initial yields and the fair market values per square foot derived from actual market transactions.
No allowance was made for any expenses of realisation nor for any taxation which might arise in the event of disposal.


If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:


2024
2023
£
£


Historic cost
1
1

1
1

Page 3

 
CWCB INVESTMENTS (DS6) LIMITED
 

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

3.


DEBTORS

2024
2023
£
£


Amounts owed by group undertakings
75,000
75,000

75,000
75,000


Amounts owed by group undertakings are interest free and are repayable on demand.


4.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


5.OTHER FINANCIAL COMMITMENTS

As at 31 December 2024 and 31 December 2023 the company had given fixed and floating charges over substantially all its assets to secure the commitments of certain other group undertakings.


6.


CONTROLLING PARTY

The company's immediate parent undertaking is CWCB Holdings Limited.
As at 31 December 2024, the smallest group of which the company is a member and for which group financial statements are drawn up is the consolidated financial statements of Canary Wharf Group Investment Holdings plc. Copies of the financial statements may be obtained from the Company Secretary, One Canada Square, Canary Wharf, London E14 5AB.
The largest group of which the company is a member for which group financial statements are drawn up is the consolidated financial statements of Stork HoldCo LP, an entity registered in Bermuda and the ultimate parent undertaking and controlling party. Stork HoldCo LP is registered at 73 Front Street, 5th Floor, Hamilton HM12, Bermuda.
Stork HoldCo LP is controlled as to 50% by Brookfield Property Partners LP and as to 50% by Qatar Investment Authority.
The directors have taken advantage of the exemption in paragraph 33.1A of FRS 102 allowing the company not to disclose related party transactions with respect to other group companies.

Page 4