NWG LIMITED - Accounts to registrar (filleted) - small 23.1.2
NWG LIMITED - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2022 |
| for |
| NWG LIMITED |
| NWG LIMITED (Registered number: 03812741) |
| Contents of the Financial Statements |
| for the Year Ended 31 DECEMBER 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| NWG LIMITED |
| Company Information |
| for the Year Ended 31 DECEMBER 2022 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Alpha House |
| 296 Kenton Road |
| Harrow |
| HA3 8DD |
| NWG LIMITED (Registered number: 03812741) |
| Balance Sheet |
| 31 DECEMBER 2022 |
| 31.12.22 | 31.12.21 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| NWG LIMITED (Registered number: 03812741) |
| Balance Sheet - continued |
| 31 DECEMBER 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| NWG LIMITED (Registered number: 03812741) |
| Notes to the Financial Statements |
| for the Year Ended 31 DECEMBER 2022 |
| 1. | STATUTORY INFORMATION |
| NWG LIMITED is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investment properties |
| Investment properties are included at fair value. Gains are recognised in the statement of recognised gains and losses the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
| 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 |
| NWG LIMITED (Registered number: 03812741) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 DECEMBER 2022 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 January 2022 |
| and 31 December 2022 |
| DEPRECIATION |
| At 1 January 2022 |
| Charge for year |
| At 31 December 2022 |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| 5. | INVESTMENT PROPERTY |
| Cost or valuation at 31 December 2022 is represented by: |
| £ |
| Valuation in 2012 | 282,298 |
| Valuation in 2015 | 200,000 |
| Valuation in 2021 | 400,000 |
| Cost | 617,702 |
| 1,500,000 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.22 | 31.12.21 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.22 | 31.12.21 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| NWG LIMITED (Registered number: 03812741) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 DECEMBER 2022 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.22 | 31.12.21 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 867,550 | 867,550 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.12.22 | 31.12.21 |
| £ | £ |
| Bank loans |
| The bank loans are secured on the properties owned by the company. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |