LWC 3 Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05982953 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

LWC 3 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Greensill

G C Fairclough

REGISTERED OFFICE:

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

REGISTERED NUMBER:

05982953 (England and Wales)

FIXED ASSETS

Intangible assets

4

594,567

656,754

Tangible assets

5

21,148

39,946

Investments

6

75

615,790

696,775

CURRENT ASSETS

Work in progress

341,010

259,020

Debtors

7

1,300,355

1,246,296

Cash in hand

-

300

1,641,365

1,505,616

CREDITORS

Amounts falling due within one year

8

1,269,145

936,833

NET CURRENT ASSETS

372,220

568,783

TOTAL ASSETS LESS CURRENT
LIABILITIES

988,010

1,265,558

CREDITORS

Amounts falling due after more than one
year

9

172,947

349,427

NET ASSETS

815,063

916,131

CAPITAL AND RESERVES

Called up share capital

1,192

Retained earnings

813,871

914,939

SHAREHOLDERS' FUNDS

815,063

916,131

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2025 and were signed on its behalf by:

G C Fairclough - Director

S M Greensill - Director

1.	STATUTORY INFORMATION

LWC 3 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Preparation of consolidated financial statements

The financial statements contain information about LWC 3 Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Goodwill

Purchased goodwill arising on the acquisition of integrated businesses is capitalised, recognised as an intangible asset and amortised evenly over its estimated useful life of twenty years, a period which has been selected as being a reasonable period over which income streams are expected to arise.

Goodwill is subsequently reviewed for any impairment to its carrying value on at least an annual basis.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

1,243,737

AMORTISATION

At 1 April 2024

586,983

Charge for year

62,187

At 31 March 2025

649,170

NET BOOK VALUE

At 31 March 2025

594,567

At 31 March 2024

656,754

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

and 31 March 2025

4,800

167,803

172,603

DEPRECIATION

At 1 April 2024

4,800

127,857

132,657

Charge for year

-

18,798

At 31 March 2025

4,800

146,655

151,455

NET BOOK VALUE

At 31 March 2025

-

21,148

At 31 March 2024

-

39,946

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

75

NET BOOK VALUE

At 31 March 2025

75

At 31 March 2024

75

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

594,130

529,417

Amounts owed by group undertakings

589,347

639,664

Other debtors

116,878

77,215

1,300,355

1,246,296

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

297,843

302,908

Hire purchase contracts

8,146

Trade creditors

80,942

66,312

Amounts owed to group undertakings

111,257

109,257

Taxation and social security

290,038

166,552

Other creditors

480,919

283,658

1,269,145

936,833

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

22,095

81,171

Hire purchase contracts

18,616

27,687

Other creditors

132,236

240,569

172,947

349,427

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

80,127

138,159

Hire purchase contracts

26,762

35,833

106,889

173,992

Bank loans are secured by way of a fixed and floating charge over the assets of the company.

11.	RELATED PARTY DISCLOSURES

At 31.3.2025 the company was owed £110,151 (2024: £110,151) by LWC 2 Limited.

During the period the company received loan repayments totalling £50,200 from (2024: advanced loans of £159,191 to) LWC 1 Limited. At 31.3.2025 the company was owed £479,196 (2024: £529,396) by LWC 1 Limited.

LWC 3 Limited is a private company limited by shares and incorporated in England. The immediate parent company is LWC 2 Limited. The registered office of both LWC 3 Limited and its parent company is Military House, 24 Castle Street, Chester CH1 2DS.