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SJWS SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
SJWS Services Limited ("the company") is a private company, limited by shares, incorporated in England and Wales with registration number of 07921881. The registered office is 5 New Street Square, London, EC4A 3TW.
2.Accounting policies
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Basis of preparation of financial statements
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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 following principal accounting policies have been applied:
On 31 October 2022, the company transferred its principal trading activity to St John's Wood Square Limited. Since this date, a small amount of costs have been incurred with a view that the company will no longer trade and will become dormant. There is no intention to strike off the company at this time.
After making enquiries, the directors have a reasonable expectation that the company has the continued financial support from the shareholder and accordingly the company has adequate resources to continue in operational existence for the foreseeable future, and hence consider the adoption of the going concern basis in preparing these financial statements to be appropriate.
Interest income is recognised in profit or loss using the effective interest method.
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.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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