REGISTERED NUMBER: 07053903 (England and Wales)

CENTRAL WHEEL COMPONENTS (HOLDINGS)

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W G Harding

Mrs B Harding

Mrs F Harding

REGISTERED OFFICE:

8-9 Station Road

Coleshill

Birmingham

West Midlands

B46 1HT

REGISTERED NUMBER:

07053903 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Tangible assets

4

535,290

544,850

Investments

5

6,600

6,600

Investment property

6

116,900

116,900

658,790

668,350

CURRENT ASSETS

Debtors

7

816,808

825,425

CREDITORS

Amounts falling due within one year

8

16,521

13,659

NET CURRENT ASSETS

800,287

811,766

TOTAL ASSETS LESS CURRENT LIABILITIES

1,459,077

1,480,116

PROVISIONS FOR LIABILITIES

133,822

136,213

NET ASSETS

1,325,255

1,343,903

CAPITAL AND RESERVES

Called up share capital

6,600

6,600

Retained earnings

1,318,655

1,337,303

SHAREHOLDERS' FUNDS

1,325,255

1,343,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 24 December 2025 and were signed on its behalf by:

W G Harding - Director

1.	STATUTORY INFORMATION

Central Wheel Components (Holdings) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 4% on a straight line basis

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2024

and 31 March 2025

650,000

DEPRECIATION

At 1 April 2024

105,150

Charge for year

9,560

At 31 March 2025

114,710

NET BOOK VALUE

At 31 March 2025

535,290

At 31 March 2024

544,850

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

6,600

NET BOOK VALUE

At 31 March 2025

6,600

At 31 March 2024

6,600

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

116,900

NET BOOK VALUE

At 31 March 2025

116,900

At 31 March 2024

116,900

Fair value at 31 March 2025 is represented by:

£

Valuation in 2018

116,900

The investment properties were valued on an open market basis on 31 March 2018 by W Harding (Director) .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

816,808

825,425

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

1,194

-

Other creditors

15,327

13,659

16,521

13,659

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

W G Harding

Balance outstanding at start of year

(233

)

(973

)

Amounts repaid

34

740

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(199

)

(233

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is W G Harding.