ACCOUNTS - Final Accounts preparation

Unaudited Financial Statements

AW22 Ltd

For the year ended 31 March 2025

Registered number: 14599033


AW22 Ltd

Company Information

Directors	Anne Barr
	Robert Barr
	Anna Barr
	Katie Barr
	Rebecca Barr
	Emily Manning


Registered number	14599033


Registered office	C/O Wrigleys Solicitors LLP 3rd Floor
	3 Wellington Place
	Leeds
	West Yorkshire
	United Kingdom
	LS1 4AP


Accountants	Grant Thornton Advisors (NI) LLP
	Chartered Accountants
	12 - 15 Donegall Square West
	Belfast
	BT1 6JH


AW22 Ltd

Contents

	Page
Accountants' Report	1
Balance Sheet	2 - 3
Notes to the Financial Statements	4 - 8

Independent Accountant's Report to the directors of the unaudited financial statements of AW22 Ltd for the year ended 31 March 2025

In order to assist you fulfil your duties under the Companies Act 2006, we have compiled the financial statements of AW22 Ltd for the year ended 31 March 2025, which comprise the Balance Sheet and the related notes to the financial statements, including a summary of significant accounting policies, from the company's accounting records and from information and explanations you have given to us.

The financial statements have been prepared on the basis set out in the notes to the financial statements.

This report is made solely to the directors of AW22 Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely that we might compile the financial statements that we have been engaged to compile, report to the company's directors that we have done so and state those matters that we have agreed to state to the directors of AW22 Ltd, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AW22 Ltd and its directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with International Standard on Related Services 4410 (Revised) Compilation Engagements issued by the International Auditing and Assurance Standards Board (the ‘IAASB’’) and have complied with the ethical guidance laid down by the IESBA Code and Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have approved the financial statements for the year ended 31 March 2025 and you have acknowledged on the Balance Sheet as at 31 March 2025 your duty to ensure that AW22 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view in accordance with the Companies Act 2006. You consider that AW22 Ltd is exempt from the statutory audit requirement for the year ended 31 March 2025.

We have not been instructed to carry out an audit or review the financial statements of AW22 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Grant Thornton Advisors (NI) LLP
Chartered Accountants 12 - 15 Donegall Square West Belfast BT1 6JH

Date: 26 August 2025

Page 1


AW22 Ltd Registered number:14599033

Balance Sheet

As at 31 March 2025

		2025		2024
Note		£		£

Fixed assets
Investments	5		4,748,616		4,632,291
			4,748,616		4,632,291
Current assets
Cash at bank and in hand	6	6,142		48,470
		6,142		48,470
Creditors: amounts falling due within one year	7	(4,056,540)		(4,055,625)
Net current liabilities			(4,050,398)		(4,007,155)
Total assets less current liabilities			698,218		625,136
Provisions for liabilities
Deferred tax	8	(157,533)		(151,659)
			(157,533)		(151,659)
Net assets			540,685		473,477

Capital and reserves
Called up share capital	9	150	150
Profit and loss account	10	540,535	473,327
		540,685	473,477

Page 2


AW22 Ltd Registered number:14599033

Balance Sheet (continued)

As at 31 March 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 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 comprehensive income 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 on 26 August 2025.

................................................

Robert Barr

Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3


AW22 Ltd

Notes to the Financial Statements

For the year ended 31 March 2025

1.	General information

AW22 Ltd is a company limited by shares which is registered and incorporated in the United Kindgom. The Company's registered office is C/O Wrigleys Solicitors LLP 3rd Floor, 3 Wellington Place, Leeds, West Yorkshire, LS1 4AP. The principal activity of the company is that of holding investments.

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 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 financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

2.2

Going concern

The directors have assessed that there are adequate resources to meet the ongoing costs of the business for a minimum of 12 months from the date of signing the financial statements. For this reason the financial statements have been prepared on a going concern basis which presumes the realisation of assets and liabilities in the normal course of business.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4


AW22 Ltd

Notes to the Financial Statements

For the year ended 31 March 2025

2.Accounting policies (continued)

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.6

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.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5


AW22 Ltd

Notes to the Financial Statements

For the year ended 31 March 2025

2.Accounting policies (continued)

2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

Estimates and judgements are required when applying accounting policies. These are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future, which can involve a high degree of judgement or complexity. The resulting accounting estimates will, by definition, seldom equal the related actual results.
In the directors' opinions, there are no significant judgements, estimates and assumptions made about the recognition of assets, liabilities, incomes and expenses.

Employees

The average monthly number of employees, including directors, during the year was 6 (2024 - 6).

5.	Fixed asset investments

		Investments
		£
	Cost or valuation
	At 1 April 2024	4,632,291
	Additions/reinvestment	51,539
	Equalisations	(3,635)
	Change in market values	68,421
	At 31 March 2025	4,748,616

Page 6


AW22 Ltd

Notes to the Financial Statements

For the year ended 31 March 2025

6.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	6,142	48,470

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Directors Loan	4,050,000	4,050,000
Accruals and deferred income	6,540	5,625
	4,056,540	4,055,625

The terms of the accruals and deferred income are based on underlying contracts.

8.	Deferred taxation

	2025	2024
	£	£

At beginning of year	151,659	-
Charged to profit or loss	5,874	151,659
At end of year	157,533	151,659

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Capital gains/(losses)	170,170	153,065
Losses and other deductions	(12,637)	(1,406)
	157,533	151,659

Page 7


AW22 Ltd

Notes to the Financial Statements

For the year ended 31 March 2025

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

50 (2024 - 50) Preferred shares of £1.00 each	50	50
25 (2024 - 25) A Ordinary shares of £1.00 each	25	25
25 (2024 - 25) B Ordinary shares of £1.00 each	25	25
25 (2024 - 25) C Ordinary shares of £1.00 each	25	25
25 (2024 - 25) D Ordinary shares of £1.00 each	25	25

	150	150

10.

Reserves

Profit and loss account

This includes all current retained profits and losses.
Included within the reserve is £510,510 (2024: £459,194) of non distributable income in relation to listed investment revaluations less deferred tax.

11.	Related party transactions
	The company had the following related party transactions in the year: At the balance sheet date the amount owed to the Directors was £4,050,000 (2024: £4,050,000). Interest of £32,000 was charged on this loan and repaid during the year. The loan is unsecured and repayable upon demand.

Page 8