REGISTERED NUMBER: 09146585 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

COVENTRY AND WARWICKSHIRE GROWTH HUB

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A P Williams

B R A Colquhoun

D Ayton-Hill

P S Cain

S S Sulkis

R Back

D Buckland

J S W Farnell

SECRETARY:

A M Norburn

REGISTERED OFFICE:

Coventry University Enterprise Centre

Puma Way

Coventry

CV1 2TT

REGISTERED NUMBER:

09146585 (England and Wales)

AUDITORS:

Dafferns Audit Limited

Chartered Accountants

Statutory Auditor

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

FIXED ASSETS

Tangible assets

5

5,471

9,085

Investments

6

200

200

5,671

9,285

CURRENT ASSETS

Debtors

7

49,258

237,457

Cash at bank and in hand

734,141

915,070

783,399

1,152,527

CREDITORS

Amounts falling due within one year

8

862,811

1,161,810

NET CURRENT LIABILITIES

(79,412

)

(9,283

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(73,741

)

2

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

(73,743

)

-

SHAREHOLDERS' FUNDS

(73,741

)

2

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

A P Williams - Director

1.	STATUTORY INFORMATION

Coventry And Warwickshire Growth Hub Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Government and other grants are credited to turnover in the period to which they relate. Any unused grants at the year end are carried forward as deferred income.

Tangible fixed assets

Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Repairs and maintenance costs are charged to the Income Statement in the period in which they are incurred.

Depreciation is calculated so as to write off the cost of tangible fixed assets by equal installments over their estimated useful lives as follows:-

Fixtures and fittings

- 4 years

Computer equipment

- 3 years

Any gains and losses on the disposal of tangible fixed assets are recognised in the Income Statement in the year that the disposal takes place.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The financial statements have been prepared on a going concern basis as the directors believe that no material uncertainties exist. The directors have considered the level of reserves held, cash availability of the group and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the company to be able to continue as a going concern.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 20 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

46,714

Additions

803

At 31 March 2025

47,517

DEPRECIATION

At 1 April 2024

37,629

Charge for year

4,417

At 31 March 2025

42,046

NET BOOK VALUE

At 31 March 2025

5,471

At 31 March 2024

9,085

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

200

NET BOOK VALUE

At 31 March 2025

200

At 31 March 2024

200

The company owns 100% of the share capital of C&W Business Solutions Limited.

On the 14th December 2023 100% of the share capital of C&W Champions Limited was transferred from the Coventry and Warwickshire Local Enterprise Partnership Limited to Coventry and Warwickshire Growth Hub Limited.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

25,000

121,981

Other debtors

17,017

17,017

Tax

-

304

VAT

2,821

-

Accrued income

-

68,885

Prepayments

4,420

29,270

49,258

237,457

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

9,355

10,809

Amounts owed to group undertakings

48,623

-

Social security and other taxes

15,293

25,195

VAT

-

45,136

Other creditors

564

8,712

Accrued expenses

7,699

203,240

Deferred income

781,277

868,718

862,811

1,161,810

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

46,749

44,880

Between one and five years

85,103

-

131,852

44,880

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lucy Hatton FCCA (Senior Statutory Auditor)

for and on behalf of Dafferns Audit Limited

12.	RELATED PARTY DISCLOSURES

The company has related party transactions and balances with its joint venture's by virtue of their direct shareholding. The company also has related party transactions and balances with other connected parties by virtue of common control.

These related party transactions have been concluded under normal market conditions on an arm's length basis and therefore no disclosure is considered necessary in these financial statements.

No statutory directors are remunerated through the company.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Coventry City Council and Warwickshire County Council. Each

local authority holds 50% of the issued share capital.