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Registered number: 05961387










THE WCD GROUP HOLDINGS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE WCD GROUP HOLDINGS LIMITED
 
 
COMPANY INFORMATION


Directors
S E Campbell 
P Smith 




Registered number
05961387



Registered office
Fourth Floor Abbots House
Abbey Street

Reading

Berkshire

RG1 3BD




Independent auditors
BW Audit Ltd
Chartered Accountants & Statutory Auditors

Berry & Warren

54 Thorpe Road

Norwich

NR1 1RY





 
THE WCD GROUP HOLDINGS LIMITED
 

CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 5


 
THE WCD GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 05961387

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
442
442

  
442
442

Current assets
  

Debtors: amounts falling due within one year
 5 
327,704
475,841

Cash at bank and in hand
 6 
467
500

  
328,171
476,341

Creditors: amounts falling due within one year
 7 
-
(146,076)

Net current assets
  
 
 
328,171
 
 
330,265

Total assets less current liabilities
  
328,613
330,707

  

Net assets
  
328,613
330,707


Capital and reserves
  

Called up share capital 
  
8,459
8,459

Share premium account
  
56,333
56,333

Profit and loss account
  
263,821
265,915

  
328,613
330,707


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 income and retained earnings 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: 


P Smith
Director

Date: 7 August 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
THE WCD GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The WCD Group Holdings Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is Fourth Floor Abbots House, Abbey Street, Reading, Berkshire, RG1 3BD.

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

Following the trade and assets of the subsidiary company being transferred, the directors have taken the decision to liquidate this company. For this reason, the directors do not consider the company to be a going concern. The financial statements have therefore been drawn up to include all assets at the amounts expected to be recoverable and to make provision for all liabilities expected to arise.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.


 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 2

 
THE WCD GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Creditors

Short-term creditors are measured at the transaction price.

 
2.10

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like other debtors and creditors and loans from and to related parties.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL)

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
442



At 31 December 2023
442





5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
327,623
475,760

Other debtors
81
81

327,704
475,841


Page 3

 
THE WCD GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
467
500

467
500



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
-
146,076

-
146,076



8.Other financial commitments

A legal charge was created on 28 March 2023 in favour of Morgan Stanley Senior Funding, Inc. via a debenture that creates a fixed and floating charge over the intellectual property.


9.


Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.


10.


Post balance sheet events

On 5 February 2025 a resolution was passed to to reduce the share capital of the company to 1 ordinary share of £1 and cancel the share premium account.


11.


Controlling party

The immediate parent company is Culligan (UK) Limited (previously known as Waterlogic GB Limited until 31 March 2023), a company incorporated in England and Wales. Culligan (UK) Limited has its registered office at Fourth Floor Abbots House, Abbey Street, Reading, Berkshire, RG1 3BD.
The ultimate parent company and controlling party is BDT Capital Partners. The smallest and largest group to consolidate these financial statements is Osmosis Holdings, LP, a company incorporated in the United States. Copies of Osmosis Holdings, LP consolidated financial statements can be obtained from Culligan International Company, 9399 W.Higgins Road, Suite 1100 Rosemont, IL 60018, USA.

Page 4

 
THE WCD GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

In their report, the auditors emphasised the following matter without qualifying their report:

Emphasis of matter - financial statements prepared on a basis other than going concern
We draw attention to note 2.3 in the financial statements, which explains that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern.
Our opinion is not modified in respect of this matter.

The audit report was signed on 8 August 2025 by Joanne Fox BA FCA (Senior Statutory Auditor) on behalf of BW Audit Ltd.

 
Page 5