SCJW Holdings Ltd - Period Ending 2022-03-31
SCJW Holdings Ltd - Period Ending 2022-03-31
Year Ended
Registration number:
SCJW Holdings Ltd
Balance Sheet
31 March 2022
Note |
2022 |
2021 |
|
Fixed assets |
|||
Investments |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Other financial assets |
893,720 |
855,447 |
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
300 |
300 |
|
Other reserves |
56,632 |
64,233 |
|
Profit and loss account |
3,101,236 |
2,261,182 |
|
Shareholders' funds |
3,158,168 |
2,325,715 |
SCJW Holdings Ltd
Balance Sheet
31 March 2022
For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
Company Registration Number: 11868604
SCJW Holdings Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 March 2022
General information |
The company is a private company limited by share capital, incorporated in England & Wales .
The address of its registered office is:
England
These financial statements were authorised for issue by the
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.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
SCJW Holdings Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 March 2022
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
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.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
SCJW Holdings Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 March 2022
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
2022 |
2021 |
|
Investments in subsidiaries |
|
|
Subsidiaries |
£ |
Cost or valuation |
|
At 1 April 2021 |
|
At 31 March 2022 |
|
Carrying amount |
|
At 31 March 2022 |
|
At 31 March 2021 |
|
SCJW Holdings Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 March 2022
Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
Total |
|
Current financial assets |
||
Cost or valuation |
||
At 1 April 2021 |
855,447 |
855,447 |
Additions |
152,839 |
152,839 |
Disposals |
(120,801) |
(120,801) |
Fair value adjustments |
6,235 |
6,235 |
At 31 March 2022 |
893,720 |
893,720 |
Carrying amount |
||
At 31 March 2022 |
|
893,720 |
At 31 March 2021 |
|
855,447 |
Debtors |
2022 |
2021 |
|
Other debtors |
|
|
|
|
SCJW Holdings Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 March 2022
Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
|
Due within one year |
||
Other creditors |
|
|
Accruals and deferred income |
|
|
|
|
Related party transactions |
Transactions with directors |
2022 |
At 1 April 2021 |
Advances to director |
Repayments by director |
At 31 March 2022 |
C T Williams |
||||
Directors loan account |
|
- |
( |
- |
J D G Williams |
||||
Directors loan account |
|
- |
( |
- |
2021 |
At 1 April 2020 |
Advances to director |
Repayments by director |
At 31 March 2021 |
C T Williams |
||||
Directors loan account |
- |
|
- |
|
J D G Williams |
||||
Directors loan account |
- |
|
- |
|
Summary of transactions with other related parties
(a company controlled by the Directors)
Included within other debtors is an amount due from SACE. As at 31 March 2022 the balance due was £117,756 (2021 - £2,170,298).
The company has taken advantage of the exemption in FRS102.33 "Related Party Disclosures" from disclosing transactions with other wholly owned members of the group.