Cloughwater Enterprises Limited iXBRL

Cloughwater Enterprises Limited iXBRL

CLOUGHWATER ENTERPRISES LIMITED - Company Information

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Relate AccountsProduction v2.5.1 v2.5.1 2020-01-01 The company was not dormant during the period The company was trading for the entire period FRS 105 Accounts The principal activity of the company is the management of subsidary company's. 12 October 2021 1 1 NI637678 2020-12-31 NI637678 2019-12-31 NI637678 2018-12-31 NI637678 2020-01-01 2020-12-31 NI637678 2019-01-01 2019-12-31 NI637678 uk-bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 NI637678 uk-bus:FullAccounts 2020-01-01 2020-12-31 NI637678 uk-bus:Director1 2020-01-01 2020-12-31 NI637678 uk-bus:RegisteredOffice 2020-01-01 2020-12-31 NI637678 uk-bus:Agent1 2020-01-01 2020-12-31 NI637678 uk-bus:AuditExemptWithAccountantsReport 2020-01-01 2020-12-31 NI637678 uk-core:CapitalReserve 2020-12-31 NI637678 uk-core:CapitalReserve 2019-12-31 NI637678 uk-core:ParentEntities 2020-01-01 2020-12-31 NI637678 uk-core:UltimateParent 2020-01-01 2020-12-31 NI637678 uk-countries:NorthernIreland 2020-01-01 2020-12-31 NI637678 uk-bus:Micro-entities 2020-01-01 2020-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Number: NI637678
 
 
Cloughwater Enterprises Limited
 
Director's Report and Unaudited Financial Statements
 
for the financial year ended 31 December 2020
Cloughwater Enterprises Limited
DIRECTOR AND OTHER INFORMATION

 
Director Mr. Shane Woods
 
 
Company Number NI637678
 
 
Registered Office and Business Address 76 Broughshane Road
Ballymena
BT43 7DY
 
 
Accountants Muldoon & Co
Chartered Accountants & Reporting Accountants
16 Mount Charles
Belfast
BT7 1NZ
 
   
Solicitors Mills Selig
  21 Arthur Street
  Belfast
  BT1 4GA



Cloughwater Enterprises Limited
DIRECTOR'S REPORT
for the financial year ended 31 December 2020

 
The director presents his report and the unaudited financial statements for the financial year ended 31 December 2020.
     
Director
The director who served during the financial year is as follows:
     
Mr. Shane Woods
     
Statement of director's Responsibilities and Declaration on Unaudited Financial Statements
     
General responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 105 "The Financial Reporting Standard for Micro-Entities applicable in the UK and Republic of Ireland". Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Director's declaration on unaudited financial statements
In relation to the financial statements comprising the Director's Report, Income Statement, the Statement of Financial Position and notes:
     
The director approves these financial statements and confirms that he is responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.
     
The director confirms that he has made available to Muldoon & Co, (Chartered Accountants & Reporting Accountants), all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
___________________________
Mr. Shane Woods
Director
     
12 October 2021



Cloughwater Enterprises Limited

CHARTERED ACCOUNTANTS & REPORTING ACCOUNTANTS' REPORT
to the Director on the unaudited financial statements of Cloughwater Enterprises Limited for the financial year ended 31 December 2020
 
In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the financial year ended 31 December 2020 which comprise the Director's Report, Income Statement, the Statement of Financial Position and notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the director of Cloughwater Enterprises Limited, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cloughwater Enterprises Limited and state those matters that we have agreed to state to the director of Cloughwater Enterprises Limited, in this report in accordance with the guidance of Chartered Accountants Ireland. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cloughwater Enterprises Limited and its director for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
It is your duty to ensure that Cloughwater Enterprises Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cloughwater Enterprises Limited. You consider that Cloughwater Enterprises Limited is exempt from the statutory audit requirement for the financial year.
 
We have not been instructed to carry out an audit or a review of the financial statements of Cloughwater Enterprises 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 financial statements.
 
The financial statements have been prepared on the basis of the company being a going concern. The company's future operations are dependent of the debtors. No adjustment has been accounted for in the financial statements should the going concern policy not be appropriate.
 
 
__________________________________
MULDOON & CO
Chartered Accountants & Reporting Accountants
16 Mount Charles
Belfast
BT7 1NZ
 
12 October 2021



Cloughwater Enterprises Limited
INCOME STATEMENT
for the financial year ended 31 December 2020
2020 2019
£ £

Other charges (16,606) (42,797)
───────── ─────────
Loss (16,606) (42,797)
═════════ ═════════



Cloughwater Enterprises Limited
Company Number: NI637678
STATEMENT OF FINANCIAL POSITION
as at 31 December 2020

    2020   2019
  £   £
 
Fixed Assets 50,796   50,796
  ─────────   ─────────
Current assets 69,055   69,055
Creditors: amounts falling due within one year (126,359)   (108,899)
  ─────────   ─────────
Net Current Liabilities (57,304)   (39,844)
  ─────────   ─────────
Total Assets less Current Liabilities (6,508)   10,952
Accruals and deferred income (1,194)   (2,048)
  ─────────   ─────────
Net (Liabilities)/Assets (7,702)   8,904
  ═════════   ═════════
 
Capital and Reserves (7,702)   8,904
  ═════════   ═════════
 
Notes to the financial statements
   
1. GENERAL INFORMATION
 
Cloughwater Enterprises Limited is a private company limited by shares incorporated in Northern Ireland. The registered office of the company is 76 Broughshane Road, Ballymena, BT43 7DY which is also the principal place of business of the company. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
   
2. GOING CONCERN
 
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

The going concern basis assumes that the company will continue in operational existence for the foreseeable future, having adequate funds to meet its obligations as they fall due.

As the company is a holding company the impact of Covid-19 has been minimal but this has still been considered by the directors' in relation to the performance of Cloughwater Enterprises Ltd subsidiaries.

Although the economy may suffer a downturn due to this pandemic, the company's income will be derived from dividends from its subsidiaries which will not be paid until the directors' deem appropriate.

The company has retained reserves to address any negative impact that may occur over the next 12 months.
       
3. EMPLOYEES
 
The average monthly number of employees, including director, during the financial year was 1, (2019 - 1).
 
  2020 2019
  Number Number
 
Director 1 1
  ═════════ ═════════
   
4. PARENT AND ULTIMATE PARENT COMPANY
 
The company regards SCW SERVICES LTD as its parent company.
 
The companys ultimate parent undertaking is Shane Woods.
The address of Shane Woods is 76 Broughshane Road, Ballymena, BT43 7DY.
Shane Woods is regarded as both the controlling party and the ultimate controlling party.
 
     
For the financial year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
 
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
 
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
 
These financial statements have been prepared in accordance with the provisions available to micro-entities in Part 15 of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
 
Approved by the Director on 12 October 2021 and signed by:
   
________________________________  
Mr. Shane Woods  
Director  



 
 
 
 
 
 
 
 
 
 
 
CLOUGHWATER ENTERPRISES LIMITED
 
 
SUPPLEMENTARY INFORMATION
 
 
RELATING TO THE FINANCIAL STATEMENTS
 
 
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020
 
 



Cloughwater Enterprises Limited
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
TRADING STATEMENT
for the financial year ended 31 December 2020
2020 2019
£ £

       
Administrative expenses
Legal and professional 15,316 40,141
Accountancy 1,290 2,656
  ─────────   ─────────
  16,606   42,797
  ─────────   ─────────
       
Net loss (16,606)   (42,797)
  ═════════   ═════════