Ward Cole Holdings Limited - Period Ending 2021-11-30

Ward Cole Holdings Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Ward Cole Holdings Limited

(Registration number: 06231845)
Balance Sheet as at 30 November 2021

	Note	2021 £	2020 £
Fixed assets
Investments	5	524,100	524,100
Creditors: Amounts falling due within one year	6	(504,684)	(504,684)
Net assets		19,416	19,416
Capital and reserves
Called up share capital		500	500
Retained earnings		18,916	18,916
Shareholders' funds		19,416	19,416

For the financial year ending 30 November 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 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 22 July 2022 and signed on its behalf by:
 

......................................... S J Bovill Director

Ward Cole Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

1	General information

The company is a private company limited by share capital incorporated in United Kingdom and the company registration number is 06231845.

The address of its registered office is:
Fosse House
Roman Wharf
Lincoln
LN1 1SR

These financial statements were authorised for issue by the Board on 22 July 2022.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

These financial statements cover the individual entity only.

The financial statements are presented in sterling which is the functional currency of the company, and rounded to the nearest £1.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

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.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2020 - 3).

4	Profit before tax

Arrived at after charging/(crediting)

	2021 £	2020 £
Income from shares in group undertakings	(135,371)	(88,484)

Ward Cole Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

5	Investments

	2021 £	2020 £
Investments in subsidiaries	524,100	524,100

Subsidiaries	£
Cost or valuation
At 1 December 2020	524,100
Provision
Carrying amount
At 30 November 2021	524,100
At 30 November 2020	524,100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the Company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2021	2020
Subsidiary undertakings
Ward Cole Limited	Fosse House Roman Wharf Lincoln LN1 1SR England	Ordinary	100%	100%

Subsidiary undertakings

Ward Cole Limited The principal activity of Ward Cole Limited is Civil and structural engineering.

6

Creditors

Creditors: amounts falling due within one year

	Note	2021 £	2020 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	351,262	344,889
Other creditors		153,422	159,795
		504,684	504,684

Ward Cole Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

7	Related party transactions

Other transactions with Directors

Dividends paid to directors during the year were £82,341 (2020: £88,484).

Summary of transactions with all subsidiaries

Ward Cole Limited
 The company has taken advantage of the exemption in section 33 of FRS102 'Related Party Disclousres' from disclosing transactions with other members of the group in which any subsidiary which is a party to the transaction is wholly owned by the group.