TIW UtilCo Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12552357 (England and Wales)

TIW UTILCO LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

G P Gardiner

K Sparrey

REGISTERED OFFICE:

31 St. John's

Worcester

WR2 5AG

REGISTERED NUMBER:

12552357 (England and Wales)

ACCOUNTANTS:

Gardiner Fosh

Chartered Accountants

31 St John's

Worcester

Worcestershire

WR2 5AG

FIXED ASSETS

Tangible assets

4

240,290

90,000

CURRENT ASSETS

Debtors

5

7,071

51,192

Cash at bank

143

2,298

7,214

53,490

CREDITORS

Amounts falling due within one year

6

292,933

6,500

NET CURRENT (LIABILITIES)/ASSETS

(285,719

)

46,990

TOTAL ASSETS LESS CURRENT LIABILITIES

(45,429

)

136,990

CREDITORS

Amounts falling due after more than one year

7

-

163,987

NET LIABILITIES

(45,429

)

(26,997

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(45,529

)

(27,097

)

(45,429

)

(26,997

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 19 April 2024 and were signed on its behalf by:

G P Gardiner - Director

1.	STATUTORY INFORMATION

TIW UtilCo 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 (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

Straight line over 20 years

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 NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2023

100,000

Additions

165,000

At 31 March 2024

265,000

DEPRECIATION

At 1 April 2023

10,000

Charge for year

14,710

At 31 March 2024

24,710

NET BOOK VALUE

At 31 March 2024

240,290

At 31 March 2023

90,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

-

47,708

Other debtors

7,071

3,484

7,071

51,192

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

10,292

-

Taxation and social security

210

1,500

Other creditors

282,431

5,000

292,933

6,500

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

-

163,987

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Trust Loan \> 5Years]

-

143,987

8.	ULTIMATE CONTROLLING PARTY

The company is wholly owned and controlled by Iceworks Developments (Worcester) Limited [a private limited company registered in England & Wales] which has no individual controlling party.