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img2f8c.png










CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED

Registered number 13831404




DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

CONTENTS



Page
Strategic Report
1
Directors' Report
2 - 3
Directors' Responsibilities Statement
4
Independent Auditor's Report
5 - 8
Statement of Comprehensive Income
9
Statement of Financial Position
10
Statement of Changes in Equity
11
Notes to the Financial Statements
12 - 17


 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors, in preparing this Strategic Report, have complied with section 414C of the Companies Act 2006.
This Strategic Report has been prepared for the company and not for the group of which it is a member and therefore focuses only on matters which are significant to the company.

BUSINESS MODEL
 
The company is a contractor for residential buildings at 40 Charter Street, Wood Wharf, Canary Wharf. The project is expected to be completed by 2027.

BUSINESS REVIEW
 
The Company’s principal activity during the year is to undertake design, construction and completion works for the building of 40 Charter Street. The company recharges all costs to the land owner (employer) and earns a 1% fee. The company is part of a larger phase of development adding residential apartments to the mixed use offering at Wood Wharf, London.

PRINCIPAL RISKS AND UNCERTAINTIES
 
The company has a single employer under common ownership and therefore credit and liquidity risk are considered low. The broader economic cycle inevitably leads to movements in inflation, interest rates and bond yields. The company finances its operations largely through surplus cash and intercompany finance. 

KEY PERFORMANCE INDICATORS
 
The company’s profit for the financial year was £683,139 (2023 – £393,300). No dividends have been paid or proposed during the period and to the date of this report. At 31 December 2024 the company had net assets of  £ 1,218,651 (2023 - £535,512).


This report was approved by the board on 5 June 2025 and signed on its behalf.



I J Benham
Director

Page 1

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY 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.

PRINCIPAL ACTIVITY

The company is a developer of a residential building at 40 Charter Street, Wood Wharf, Canary Wharf. The
project is expected to be completed in 2027.

RESULTS AND DIVIDENDS

The profit for the year, after taxation, amounted to £683,139 (2023 - £393,300).

No dividends have been paid or proposed during the period and to the date of this report.

DIRECTORS

The directors who served during the year and to the date of this report were:

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

QUALIFIYING THIRD-PARTY INDEMNITY PROVISIONS

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.

GOING CONCERN

For details in respect of going concern refer to Note 2.

FUTURE DEVELOPMENTS

In accordance with section 414C of the Companies Act the details of the company's future developments which are required to be disclosed in the Directors report are included within the Strategic report.

FINANCIAL INSTRUMENTS

The principal risks and uncertainties of the company are contained within the Strategic Report. The financial risk management objectives and policies are managed at a group level and are not material to the company.

DISCLOSURE OF INFORMATION TO AUDITOR

Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the company's auditor is unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This confirmation is given and should be interpreted in accordance with the provision of s418 of the Companies Act 2006.

Page 2

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

AUDITOR

The auditor, Deloitte LLP have indicated their willingness to continue as auditor of the company.

This report was approved by the board on 5 June 2025 and signed on its behalf.
 





I J Benham
Director

Page 3

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

 In preparing these financial statements, the directors are required to:

select suitable accounting policies for the company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 4

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS

OPINION

In our opinion the financial statements of CW Wood Wharf E3/4 Development Company Limited (the ‘company’):
give a true and fair view of the state of the company’s affairs as at 31 December 2024 and of its profit for the year then ended; 
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”; and
have been prepared in accordance with the requirements of the Companies Act 2006.

We have audited the financial statements which comprise:
the statement of comprehensive income;
the statement of financial position;
the statement of changes in equity; and
the related notes 1 to 15.

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report.  

We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the Financial Reporting Council’s (the ‘FRC’s’) Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.  

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Page 5

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

OTHER INFORMATION

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

RESPONSIBILITIES OF DIRECTORS

As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
 
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the FRC’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Page 6

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

EXTENT TO WHICH THE AUDIT WAS CONSIDERED CAPABLE OF DETECTING IRREGULARITIES, INCLUDING FRAUD

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.  

We considered the nature of the company’s industry and its control environment, and reviewed the company’s documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management and the directors about their own identification and assessment of the risks of irregularities, including those that are specific to the company’s business sector.   

We obtained an understanding of the legal and regulatory frameworks that the company operates in, and identified the key laws and regulations that:  
had a direct effect on the determination of material amounts and disclosures in the financial statements. These included UK Companies Act, and relevant tax legislation; and
do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty.

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

In addition to the above, our procedures to respond to the risks identified included the following:
reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; 
enquiring of management and in-house legal counsel concerning actual and potential litigation and claims, and instances of non-compliance with laws and regulations; and 
reading minutes of meetings of those charged with governance. 
Page 7

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

 
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified any material misstatements in the strategic report or the directors’ report.

Matters on which we are required to report by exception
Under the Companies Act 2006 we are required to report in respect of the following matters if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors’ remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; 

We have nothing to report in respect of these matters.

USE OF OUR REPORT

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.






Sarah Cairns FCA (Senior statutory auditor)
For and on behalf of Deloitte LLP
Statutory Auditor
London, United Kingdom
5 June 2025
Page 8

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
Note
£
£

  

Turnover
 4 
66,530,780
39,806,267

Cost of sales
  
(65,872,059)
(39,412,146)

GROSS PROFIT
  
658,721
394,121

Administrative expenses
  
(40)
-

OPERATING PROFIT
  
658,681
394,121

Interest receivable and similar income
 7 
28,517
27

Interest payable and similar expenses
 8 
(4,059)
(848)

PROFIT BEFORE TAX
  
683,139
393,300

Tax on profit
 9 
-
-

PROFIT FOR THE FINANCIAL YEAR
  
683,139
393,300

Other comprehensive income for the period
  
-
-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR
  
683,139
393,300

The notes on pages 12 to 17 form part of these financial statements.

Page 9

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
REGISTERED NUMBER: 13831404

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 11 
11,539,060
16,946,851

Cash at bank and in hand
  
2,354,968
54,291

  
13,894,028
17,001,142

Creditors: amounts falling due within one year
 12 
(12,675,377)
(16,465,630)

NET CURRENT ASSETS
  
1,218,651
535,512

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,218,651
535,512

  

NET ASSETS
  
1,218,651
535,512


CAPITAL AND RESERVES
  

Called up share capital 
 13 
1
1

Retained earnings
  
1,218,650
535,511

  
1,218,651
535,512


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 June 2025.







I J Benham
Director

The notes on pages 12 to 17 form part of these financial statements.

Page 10

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Retained earnings
Total equity

£
£
£

At 1 January 2024
1
535,511
535,512



Profit for the year
-
683,139
683,139
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
-
683,139
683,139


AT 31 DECEMBER 2024
1
1,218,650
1,218,651



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Retained earnings
Total equity

£
£
£

At 1 January 2023
1
142,211
142,212



Profit for the year
-
393,300
393,300
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
-
393,300
393,300


TOTAL TRANSACTIONS WITH OWNERS
-
-
-


AT 31 DECEMBER 2023
1
535,511
535,512


The notes on pages 12 to 17 form part of these financial statements.

Page 11

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

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

1.


GENERAL INFORMATION

CW Wood Wharf E3/4 Development Company Limited is a private company limited by shares incorporated in the UK under the Companies Act 2006 and registered in England and Wales at One Canada Square, Canary Wharf, E14 5AB.
The nature of the company's operations and its principal activities are set out in the Strategic Report.

2.ACCOUNTING POLICIES

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value 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”). 
The Company meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its seprate financial statements. The Company is consolidated in the financial statements of its parent, Stork Holdings Limited, which may be obtained at 7 Eslanade, St Helier, JE1 0BD Jersey.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see Note 3). 
The functional currency of the company is considered to be pounds sterling because that is the currency of the primary economic environment in which they operate.
The principal accounting policies have been applied consistently throughout the period and are summarised below:

  
2.2

Going concern

In assessing the going concern basis of the company the directors have considered a period of at least 12 months from the date of approval of these financial statements. 
At the period end the company was in a net current asset position. Having made the requisite enquiries and assessed the resources at the disposal of the company, the directors have a reasonable expectation that the company will have adequate resources to continue its operation for the foreseeable future, being a period of a least 12 months from the date of approval of these financial statements. 
Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

  
2.3
Cash flow statement

The company has taken the exemption from preparing the cash flow statement under Section 1.12(b) as it is a member of a group where the parent of the group prepares publicly available consolidated accounts which are intended to give a true and fair view.

Page 12

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

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

2.ACCOUNTING POLICIES (CONTINUED)

  
2.4
Revenue

Revenue from the provision of building services is recognised by reference to the recoverable direct and indirect costs charged in the period, plus a fixed percentage fee.
 
  
2.5
Financial instruments

The directors have taken advantage of the exemption in paragraph 1.12c of FRS 102 allowing the company not to disclose the summary of financial instruments by the categories specified in paragraph 11.41.

  
2.6

Trade and other receivables

Trade and other receivables are recognised initially at fair value. A provision for impairment is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtor concerned.

  
2.7
Taxation

Current tax is provided at amounts expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date. 

  
2.8

Trade and other payables

Trade and other creditors are stated at cost.


3.


CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of financial statements in conformity with generally accepted accounting principles requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Although these estimates are based on management’s best knowledge of the amount, event or actions, actual results ultimately may differ from those estimates.
The preparation of financial statements also requires use of judgements, apart from those involving estimation, that management makes in the process of applying the entity’s accounting policies.
For the year ended 31 December 2024 there were no critical accounting judgements or estimates identified that would have a significant impact on the amounts recognised in the financial statements, or create a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Page 13

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

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

4.


TURNOVER

An analysis of turnover by class of business is as follows:


2024
2023
£
£

Turnover
66,530,780
39,806,267

66,530,780
39,806,267


All turnover arose within the United Kingdom.


5.


AUDITOR'S REMUNERATION



Auditor's remuneration of £2,376 (2023 - £2,200) for the audit of the company for the period was borne by another group undertaking.





6.


EMPLOYEES

The Company had no employees during the year (2023: nil). No remuneration was paid by the Company to Directors for their services to the Company and no costs were allocated or recharged to the Company (2023: £nil).






7.


INTEREST RECEIVABLE AND SIMILAR INCOME

2024
2023
£
£


Bank interest receivable
28,517
27

28,517
27


8.


INTEREST PAYABLE AND SIMILAR EXPENSES

2024
2023
£
£


Bank interest payable
4,059
848

4,059
848

Page 14

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

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

9.


TAXATION


2024
2023
£
£



Current tax on profits for the period
-
-


Total current tax
-
-

FACTORS AFFECTING TAX CHARGE FOR THE YEAR

The tax assessed for the year is different to the standard rate of corporation tax in the UK of 25% (2023 - 23.5%). The differences are explained below:

2024
2023
£
£


Profit on ordinary activities before tax
683,139
393,300


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 23.5%)
170,785
92,426

Effects of:


Group relief
(170,785)
(92,426)

Total tax charge for the year
-
-


FACTORS THAT MAY AFFECT FUTURE TAX CHARGES

The company is a member of a REIT headed by Stork Holdings Limited. As a consequence all qualifying property rental business is exempt from corporation tax. Only income and expenses relating to non-qualifying activities will continue to be taxable.


10.


WORK IN PROGRESS

2024
2023
£
£



Opening balance
-
-

Additions
62,767,126
33,887,519

Movement in accruals
3,104,933
5,524,627

Transferred to cost of sales
(65,872,059)
(39,412,146)

-
-


11.


DEBTORS: Amounts falling due within one year

2024
2023
£
£


Amounts owed by group undertakings
11,399,003
16,563,107
Page 15

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

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

11.DEBTORS: Amounts falling due within one year (CONTINUED)


Other debtors
140,057
383,744

11,539,060
16,946,851


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


12.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
12,461
-

Amounts owed to group undertakings
1,777,925
8,685,572

Accruals and deferred income
10,884,991
7,780,058

12,675,377
16,465,630


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


13.


SHARE CAPITAL

2024
2023
£
£
Allotted, called up and fully paid



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


Page 16

 
CW WOOD WHARF E3/4 DEVELOPMENT COMPANY LIMITED
 

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

14.


OTHER FINANCIAL COMMITMENTS

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


15.


CONTROLLING PARTY

The company's immediate parent undertaking is WW Residential DevCo Holdco Limited.
The smallest group of which the company is a member for which group financial statements are drawn up is the consolidated financial statements of Stork Holdings Limited, an entity registered in Jersey. Copies of the financial statements may be obtained from the Company Secretary, One Canada Square, Canary Wharf, London E145AB.
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 wholly-owned group companies.

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