Company registration number 10440043 (England and Wales)
CCL (WT) NEWCO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
CCL (WT) NEWCO LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
CCL (WT) NEWCO LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
4
2,443,023
2,443,023
Current assets
Debtors
5
4,586
42,021
Cash at bank and in hand
12,856
20,064
17,442
62,085
Creditors: amounts falling due within one year
6
(181,800)
(225,097)
Net current liabilities
(164,358)
(163,012)
Total assets less current liabilities
2,278,665
2,280,011
Creditors: amounts falling due after more than one year
7
(1,976,264)
(1,925,264)
Net assets
302,401
354,747
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
302,400
354,746
Total equity
302,401
354,747

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 12 September 2025
Mrs S Kandhari
Director
Company registration number 10440043 (England and Wales)
CCL (WT) NEWCO LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2023
1
375,100
375,101
Year ended 31 December 2023:
Profit and total comprehensive income
-
29,646
29,646
Dividends
-
(50,000)
(50,000)
Balance at 31 December 2023
1
354,746
354,747
Year ended 31 December 2024:
Loss and total comprehensive income
-
(2,346)
(2,346)
Dividends
-
(50,000)
(50,000)
Balance at 31 December 2024
1
302,400
302,401
CCL (WT) NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

CCL (WT) Newco Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kalamu House, 11 Coldbath Square, London, EC1R 5HL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CCL (WT) NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

CCL (WT) NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CCL (WT) NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
4
4
Investment property
2024
£
Fair value
At 1 January 2024 and 31 December 2024
2,443,023
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
38,853
Other debtors
4,586
3,168
4,586
42,021
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
1,822
Corporation tax
-
0
6,954
Other taxation and social security
-
0
1,305
Other creditors
181,800
215,016
181,800
225,097
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
1,976,264
1,925,264
CCL (WT) NEWCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
8
Related party transactions

The company has taken advantage of the exemption available in FRS 102 (s33 "Related Party Disclosure"), whereby it has not disclosed transactions with the parent company and any other company which is under common control.

At the balance sheet date, the amounts due to Rex Brown Limited was £1,976,264 (2023: £1,925,264). One of the directors of Rex Brown Limited is also a director of CCL (WT) Newco Limited.

At the balance sheet date, the amounts due to Europa Holdings Perivale Limited was £177,000 (2023: £177,000). The director of CCL (WT) Newco Limited is a shareholder of the parent company of Europa Holdings Perivale Limited.

2024-12-31 2024-01-01 false false false 12 September 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity Mrs Swarn Lata Kandhari 10440043 2024-01-01 2024-12-31 10440043 2024-12-31 10440043 2023-12-31 10440043 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 10440043 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 10440043 core:ShareCapital 2024-12-31 10440043 core:ShareCapital 2023-12-31 10440043 core:RetainedEarningsAccumulatedLosses 2024-12-31 10440043 core:RetainedEarningsAccumulatedLosses 2023-12-31 10440043 core:ShareCapital 2022-12-31 10440043 core:RetainedEarningsAccumulatedLosses 2022-12-31 10440043 bus:Director1 2024-01-01 2024-12-31 10440043 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 10440043 2023-01-01 2023-12-31 10440043 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 10440043 2023-12-31 10440043 core:CurrentFinancialInstruments 2024-12-31 10440043 core:CurrentFinancialInstruments 2023-12-31 10440043 core:WithinOneYear 2024-12-31 10440043 core:WithinOneYear 2023-12-31 10440043 core:Non-currentFinancialInstruments 2024-12-31 10440043 core:Non-currentFinancialInstruments 2023-12-31 10440043 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10440043 bus:FRS102 2024-01-01 2024-12-31 10440043 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10440043 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10440043 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP