N R W Holdings Limited - Accounts to registrar (filleted) - small 18.2
N R W Holdings Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2021 |
FOR |
N R W HOLDINGS LIMITED |
N R W HOLDINGS LIMITED (REGISTERED NUMBER: 04925260) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 DECEMBER 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
N R W HOLDINGS LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 DECEMBER 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
327 Clifton Drive South |
Lytham St Annes |
Lancashire |
FY8 1HN |
BANKERS: |
Oxford Square |
1 Newhouse Road |
Blackpool |
Lancashire |
FY4 4YH |
N R W HOLDINGS LIMITED (REGISTERED NUMBER: 04925260) |
BALANCE SHEET |
31 DECEMBER 2021 |
31.12.21 | 31.12.20 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
N R W HOLDINGS LIMITED (REGISTERED NUMBER: 04925260) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 DECEMBER 2021 |
1. | STATUTORY INFORMATION |
N R W Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Significant judgements and estimates |
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where material judgements and estimates have been made include accruals, which are based upon the anticipated expenditure and invoices. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been amortised evenly over its estimated useful life of one year. |
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. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2020 - NIL). |
N R W HOLDINGS LIMITED (REGISTERED NUMBER: 04925260) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 DECEMBER 2021 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 January 2021 |
Disposals | ( |
) |
At 31 December 2021 |
AMORTISATION |
At 1 January 2021 |
Eliminated on disposal | ( |
) |
At 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
At 31 December 2020 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.21 | 31.12.20 |
£ | £ |
Amounts owed by group undertakings |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.21 | 31.12.20 |
£ | £ |
Amounts owed to group undertakings |
Taxation and social security |
7. | SECURED DEBTS |
A debenture was registered on 11th November 2008 in respect of a fixed and floating charge over the undertaking and all property and assets present and future including goodwill, book-debts, uncalled capital, buildings, fixtures and plant and machinery. |
Composite company limited multilateral guarantee dated 5th December 2008 given by NRW Holdings Limited, RG14 Limited, Northern Refrigeration Limited, Just One Call Limited and Northern Refrigeration Wholesale (FM) Limited. |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | ULTIMATE CONTROLLING PARTY |
In the opinion of the directors the company is controlled by Mr D G Byrne & Mr D A Byrne who jointly control the majority shareholding of Fridge Spares Holdings (Wholesale) Limited. |
N R W HOLDINGS LIMITED (REGISTERED NUMBER: 04925260) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 DECEMBER 2021 |
10. | ULTIMATE PARENT COMPANY |
The Ultimate Parent Company at 31st December 2021 was Fridge Spares Holdings (Wholesale) Limited, a company registered in the Republic of Ireland, company number 609636. |
Fridge Spares Holdings (Wholesale) Limited holds 100% of the share capital of Fridge Spares Wholesale Limited which holds 100% of the share capital of NRW Holdings Limited. |
Consolidated financial statements will be prepared by Fridge Spares Wholesale Ltd for the period to 31st December 2021 and it's registered office is Delta House, Fairway, Bridgtown, Cannock, Staffordshire, WS11 0DJ. |