FWD Group Limited - Accounts to registrar (filleted) - small 22.3

FWD Group Limited - Accounts to registrar (filleted) - small 22.3

FWD GROUP LIMITED - Company Information

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REGISTERED NUMBER: 04946272 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

FWD Group Limited
FWD Group Limited (Registered number: 04946272)






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


FWD Group Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: K Kyriacou
E T Lane





REGISTERED OFFICE: 15 St. Helens Place
London
EC3A 6DQ





REGISTERED NUMBER: 04946272 (England and Wales)





ACCOUNTANTS: Jones & Partners Limited
2nd Floor, Butler House
177-178 Tottenham Court Road
London
W1T 7AF
Page 1
FWD Group Limited (Registered number: 04946272)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investments 4 106,548 106,548

CURRENT ASSETS
Debtors 5 28,698 28,695
Cash at bank 55 58
28,753 28,753
CREDITORS
Amounts falling due within one year 6 134,301 134,301
NET CURRENT LIABILITIES (105,548 ) (105,548 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,000
1,000

CAPITAL AND RESERVES
Called up share capital 717 717
Capital redemption reserve 283 283
1,000 1,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 6 March 2023 and were signed on its behalf by:




K Kyriacou - Director


The notes form part of these financial statements

Page 2
FWD Group Limited (Registered number: 04946272)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

FWD Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Monetary amounts in these financial statements are rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

FWD Group Limited is a wholly owned subsidiary of Glek Holdings Limited.

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.

Page 3 continued...
FWD Group Limited (Registered number: 04946272)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Going concern
The directors are closely monitoring the activities of the company and have received confirmation from Glek Holdings Limited, the parent entity of the company, that the group will continue to support the operations of the company for the foreseeable future to allow it to be able to meet its own liabilities as they fall due.

On the basis of their assessment of the company's financial position, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Based on the directors' assessment, the company continues to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2021
and 31 December 2021 106,548
NET BOOK VALUE
At 31 December 2021 106,548
At 31 December 2020 106,548

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by group undertakings 28,598 28,595
Other debtors 100 100
28,698 28,695

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed to group undertakings 134,301 134,301

7. PARENT COMPANY

The parent company is Glek Holdings Limited, a company registered in England and Wales. The registered office is 15 St. Helens Place, London, United Kingdom, EC3A 6DQ.

Page 4