C&W Champions Ltd - Accounts to registrar (filleted) - small 18.2

C&W Champions Ltd - Accounts to registrar (filleted) - small 18.2

C&W CHAMPIONS LTD - Company Information

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REGISTERED NUMBER: 11224379 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

C&W CHAMPIONS LTD
C&W CHAMPIONS LTD (REGISTERED NUMBER: 11224379)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


C&W CHAMPIONS LTD

COMPANY INFORMATION
for the year ended 31 March 2020







DIRECTORS: L Ratcliffe
D J Shortland





SECRETARY: I G Patrick





REGISTERED OFFICE: The Old Clink
The Holloway
Warwick
CV34 4SJ





REGISTERED NUMBER: 11224379 (England and Wales)





AUDITORS: Dafferns LLP
Chartered Accountants
Statutory Auditor
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB
Page 1
C&W CHAMPIONS LTD (REGISTERED NUMBER: 11224379)

BALANCE SHEET
31 March 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 4 39,471 24,738
Cash at bank 59,397 55,518
98,868 80,256
CREDITORS
Amounts falling due within one year 5 98,768 80,156
NET CURRENT ASSETS 100 100
TOTAL ASSETS LESS CURRENT
LIABILITIES
100
100

CAPITAL AND RESERVES
Called up share capital 6 100 100
SHAREHOLDERS' FUNDS 100 100

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 November 2020 and were signed on its behalf by:





L Ratcliffe - Director


The notes form part of these financial statements

Page 2
C&W CHAMPIONS LTD (REGISTERED NUMBER: 11224379)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2020

1. STATUTORY INFORMATION

C&W Champions Ltd 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.

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

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 trustees believe that no material uncertainties exist. The trustees have considered the level of reserves held 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

Page 3 continued...
C&W CHAMPIONS LTD (REGISTERED NUMBER: 11224379)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2020

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 15,200 24,638
Amounts owed by group undertakings 24,271 100
39,471 24,738

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 128 124
Amounts owed to group undertakings 17,033 4,608
Taxation and social security 667 1,593
Other creditors 80,940 73,831
98,768 80,156

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
100 Ordinary £100 100 100

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

The Report of the Auditors was unqualified.

Geoffrey Cox BA FCA (Senior Statutory Auditor)
for and on behalf of Dafferns LLP

8. RELATED PARTY DISCLOSURES

Coventry and Warwickshire Local Enterprise Partnership Limited
parent company.

As at 31 March 2020 an amount of £17,033 (2019: £100 due from) was due to Coventry and Warwickshire Local Enterprise Partnership Limited. The loan is interest free and repayable on demand.

Coventry and Warwickshire Growth Hub Limited
subsidiary undertaking.

As at 31 March 2020 an amount of £24,271 (2019: £4,608 due to) was due from Coventry and Warwickshire Growth Hub Limited. The loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Coventry and Warwickshire Local Enterprise Partnership Limited.

Page 4