Codeweavers (Holdings) Limited - Period Ending 2021-02-28

Codeweavers (Holdings) Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 7

Codeweavers (Holdings) Limited

Company Information

Directors

Roland Schaack Martin Forbes Ryan Carson Darren Mornin

Registered office

Barn 4 Office E Dunston Business Village Dunston Stafford Staffordshire ST18 9AB

Accountants

May Figures Ltd 6B Parkway Porters Wood St Albans Hertfordshire AL3 6PA

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Codeweavers (Holdings) Limited
for the Period Ended 28 February 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Codeweavers (Holdings) Limited for the period ended 28 February 2021 as set out on pages 3 to 7 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 at
http://www.icaew.com/regulation.

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

It is your duty to ensure that Codeweavers (Holdings) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Codeweavers (Holdings) Limited. You consider that Codeweavers (Holdings) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Codeweavers (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 accounts.

......................................

May Figures Ltd
6B Parkway
Porters Wood
St Albans
Hertfordshire
AL3 6PA

24 May 2021

Codeweavers (Holdings) Limited

(Registration number: 09791687)
Balance Sheet as at 28 February 2021

	Note	2021 £	2020 £
Fixed assets
Other financial assets	4	601,603	601,603
Current assets
Debtors	5	-	450,000
Creditors: Amounts falling due within one year	6	-	(450,000)
Net current assets/(liabilities)		-	-
Total assets less current liabilities		601,603	601,603
Creditors: Amounts falling due after more than one year	6	(491,162)	(491,162)
Net assets		110,441	110,441
Capital and reserves
Called up share capital	7	14,400	14,400
Share premium reserve		90,108	90,108
Capital redemption reserve		5,600	5,600
Profit and loss account		333	333
Shareholders' funds		110,441	110,441

For the financial period ending 28 February 2021 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 period 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 24 May 2021 and signed on its behalf by:
 

Codeweavers (Holdings) Limited

(Registration number: 09791687)
Balance Sheet as at 28 February 2021

.........................................

Roland Schaack
Director

Codeweavers (Holdings) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2020 to 28 February 2021

1	General information

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

The address of its registered office is:
Barn 4 Office E
Dunston Business Village
Dunston
Stafford
Staffordshire
ST18 9AB

These financial statements were authorised for issue by the Board on 24 May 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Codeweavers (Holdings) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2020 to 28 February 2021

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2020 - 0).

4	Other financial assets (current and non-current)

	2021 £	2020 £
Non-current financial assets
Financial assets at fair value through profit and loss	601,603	601,603

5

Debtors

	Note	2021 £	2020 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	8	-	450,000
		-	450,000

Codeweavers (Holdings) Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2020 to 28 February 2021

6

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Other creditors	-	450,000

Creditors: amounts falling due after more than one year

	2021 £	2020 £
Due after one year
Other non-current financial liabilities	491,162	491,162

7	Share capital

Allotted, called up and fully paid shares

During the year the ordinary shares were converted into ordinary A shares

	2021		2020
	No.	£	No.	£
Ordinary A Shares of £1 each	14,400	14,400	14,400	14,400

8	Related party transactions

Loans from related parties

2021	Subsidiary £	Total £
At start of period	491,162	491,162
At end of period	491,162	491,162

2020	Subsidiary £	Total £
At start of period	491,162	491,162
At end of period	491,162	491,162