HW Worcester Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04637569 (England and Wales)

HW WORCESTER HOLDINGS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2019

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTORS:

A S Minifie

D J Holdway

T D Pearce FCCA

J Painter

REGISTERED OFFICE:

Suite 1A Shire Business Park

wainwright Road

Worcester

Worcestershire

WR4 9FA

REGISTERED NUMBER:

04637569 (England and Wales)

ACCOUNTANTS:

Haines Watts Worcester Limited

Chartered Accountants

Suite 1A

Shire Business Park

Wainwright Road

Worcester

WR4 9FA

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of HW Worcester Holdings Limited for the year ended 31 March 2019 which comprise the

Income Statement, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of HW Worcester Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of HW Worcester Holdings Limited and state those matters that we have agreed to state to the Board of Directors of HW Worcester Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HW Worcester Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that HW Worcester Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HW Worcester Holdings Limited. You consider that HW Worcester Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of HW Worcester Holdings Limited. 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.

Haines Watts Worcester Limited

Chartered Accountants

Suite 1A

Shire Business Park

Wainwright Road

Worcester

WR4 9FA

19 December 2019

FIXED ASSETS

Intangible assets

3

168,000

-

Investments

4

41

1

168,041

1

CURRENT ASSETS

Debtors

5

96,261

106,105

TOTAL ASSETS LESS CURRENT LIABILITIES

264,302

106,106

CREDITORS

Amounts falling due after more than one year

6

(40

)

-

NET ASSETS

264,262

106,106

CAPITAL AND RESERVES

Called up share capital

1,315

1,013

Share premium

167,859

-

Capital redemption reserve

55

55

Retained earnings

95,033

105,038

SHAREHOLDERS' FUNDS

264,262

106,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 on 19 December 2019 and were signed on its behalf by:

T D Pearce FCCA - Director

1.	STATUTORY INFORMATION

HW Worcester 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.

Goodwill

Capitalised goodwill relates to a business acquired in 2019. The directors have completed an impairment

review and consider that no Amortisation charge is necessary.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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 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.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

168,000

At 31 March 2019

168,000

NET BOOK VALUE

At 31 March 2019

168,000

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2018

1

Additions

40

At 31 March 2019

41

NET BOOK VALUE

At 31 March 2019

41

At 31 March 2018

1

5.

DEBTORS

2019

2018

£

£

Amounts falling due within one year:

Other debtors

95,980

105,985

Amounts falling due after more than one year:

Other debtors

281

120

Aggregate amounts

96,261

106,105

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

40

-

7.	RELATED PARTY DISCLOSURES

The goodwill addition in the year relates to the acquisition of Crowther Beard LLP in exchange for shares in

October 2018. John Painter, a director and shareholder of HW Worcester Holdings Limited was a partner in

Crowther Beard LLP.