CWUK Investments Limited - Period Ending 2020-03-31

CWUK Investments Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

CWUK Investments Limited

(Registration number: 11501677)
Balance Sheet as at 31 March 2020

	Note	2020 £	2019 £
Fixed assets
Investment property	4	2,458,524	-
Current assets
Debtors	5	903,882	661,010
Investments	6	725,725	-
Other financial assets		290,225	-
Cash at bank and in hand		385,288	13,637
		2,305,120	674,647
Creditors: Amounts falling due within one year	7	(262,174)	(193,139)
Net current assets		2,042,946	481,508
Total assets less current liabilities		4,501,470	481,508
Creditors: Amounts falling due after more than one year	7	(583,828)	-
Net assets		3,917,642	481,508
Capital and reserves
Called up share capital		1,010	1,010
Profit and loss account		3,916,632	480,498
Shareholders' funds		3,917,642	481,508

For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 26 March 2021 and signed on its behalf by:
 

 

Mr A Stones
Director

CWUK Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Business Centre
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 26 March 2021.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

CWUK Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2019 - 3).

CWUK Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

4	Investment properties

	2020 £
Additions	2,668,524
Disposals	(210,000)
At 31 March	2,458,524

There has been no valuation of investment property by an independent valuer.

5

Debtors

	2020 £	2019 £
Trade debtors	150,000	360,000
Prepayments	313	-
Other debtors	753,569	301,010
	903,882	661,010

6	Current asset investments

	2020 £	2019 £
Other investments	725,725	-

CWUK Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

7

Creditors

Creditors: amounts falling due within one year

	Note	2020 £	2019 £
Due within one year
Loans and borrowings		84,412	-
Trade creditors		2,481	-
Taxation and social security		152,911	172,709
Accruals and deferred income		22,370	-
Other creditors		-	20,430
		262,174	193,139

Creditors: amounts falling due after more than one year

	Note	2020 £	2019 £
Due after one year
Loans and borrowings		583,828	-