Anglo Welsh (Holdings) Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 13748746 (England and Wales)

Unaudited Financial Statements

FOR THE PERIOD

17 November 2021 to 31 October 2022

for

ANGLO WELSH (HOLDINGS) LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

P J Medlock

S J Medlock

R J Kupa

REGISTERED OFFICE:

Suite 4 St Georges Lodge

33 Oldfield Road

Bath

BANES

BA2 3NE

REGISTERED NUMBER:

13748746 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

6-8 Bath Street

Bristol

BS1 6HL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Anglo Welsh (Holdings) Limited for the period ended 31 October 2022 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Anglo Welsh (Holdings) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Anglo Welsh (Holdings) Limited and state those matters that we have agreed to state to the directors of Anglo Welsh (Holdings) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Anglo Welsh (Holdings) Limited and its directors for our work or for this report.

It is your duty to ensure that Anglo Welsh (Holdings) 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 profit of Anglo Welsh (Holdings) Limited. You consider that Anglo Welsh (Holdings) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Anglo Welsh (Holdings) Limited. For this reason, we do not express any opinion on the statutory financial statements.

Haines Watts

Chartered Accountants

6-8 Bath Street

Bristol

BS1 6HL

24 July 2023

FIXED ASSETS

Investments

4

2,700,872

CREDITORS

Amounts falling due within one year

5

(2,600,873

)

NET CURRENT LIABILITIES

(2,600,873

)

TOTAL ASSETS LESS CURRENT LIABILITIES

99,999

CAPITAL AND RESERVES

Called up share capital

6

99,999

SHAREHOLDERS' FUNDS

99,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2022 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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 24 July 2023 and were signed on its behalf by:

P J Medlock - Director

1.	COMPANY INFORMATION

Anglo Welsh (Holdings) 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 company's principal activities during the period under review was that of a holding company for its group companies.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Anglo Welsh (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

2,700,872

At 31 October 2022

2,700,872

NET BOOK VALUE

At 31 October 2022

2,700,872

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

1,100,001

Amounts owed to related party

489,872

Other creditors

11,000

Shares classed as financial liabilities

1,000,000

2,600,873

Preference shares of £1 each are redeemable, non-voting shares. On winding up or other distribution, the preference shares rank in priority to all other shares. The shares are redeemable by 60 days notice from either the company or shareholders.

The redeemable preference shares are classified as a liability.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

99,999

Ordinary

£1

99,999

7.	RELATED PARTY DISCLOSURES

Anglo Welsh Limited is a wholly owned subsidiary company. During the period Anglo Welsh Limited advanced loans of £1,100,001 to the company. At the period end the company owed £1,100,001 to Anglo welsh Limited. This loan is interest free and has no set date of repayment.

Chatleigh Limited is a company under common control. During the period Chatleigh Limited advanced loans of £489,872 to the company. At the period end the company owed £489,872 to Chatleigh Limited. This loan is interest free and has no set date of repayment.