ACCOUNTS - Final Accounts

HWB VENTURES LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-05-312017-05-31trueDormantfalse2016-06-01true 07262890 2016-06-01 2017-05-31 07262890 2017-05-31 07262890 2016-05-31 07262890 c:Director1 2016-06-01 2017-05-31 07262890 d:CurrentFinancialInstruments 2017-05-31 07262890 d:CurrentFinancialInstruments 2016-05-31 07262890 d:ShareCapital 2017-05-31 07262890 d:ShareCapital 2016-05-31 07262890 c:EntityHasNeverTraded 2016-06-01 2017-05-31 07262890 c:FRS102 2016-06-01 2017-05-31 07262890 c:AuditExempt-NoAccountantsReport 2016-06-01 2017-05-31 07262890 c:FullAccounts 2016-06-01 2017-05-31 07262890 c:PrivateLimitedCompanyLtd 2016-06-01 2017-05-31 07262890 d:Subsidiary1 2016-06-01 2017-05-31 iso4217:GBP

Registered number: 07262890

HWB VENTURES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

HWB VENTURES LIMITED

REGISTERED NUMBER: 07262890

BALANCE SHEET

AS AT 31 MAY 2017

		2017		2016
Note		£		£


Current assets
Debtors: amounts falling due within one year	3	1		1
		1		1
Total assets less current liabilities			1		1

Net assets			1		1

Capital and reserves
Called up share capital	1	1
	1	1

For the year ended 31 May 2017 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 February 2018.

................................................

Mr Matthew Travis

Director

The notes on pages 2 to 3 form part of these financial statements.

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HWB VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

1.	General information

HWB Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 07262890. The registered office is King Street House, 15 Upper King Street, Norwich, NR3 1RB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

This is the first year in which the financial statements have been prepared under FRS 102. Information on the impact of the first time adoption of FRS 102 is given in note 5.
The Company is the parent undertaking of a small Group and as such is not required by the Companies Act 2006 to prepare Group accounts. These financial statements therefore present information about the Company as an individual undertaking and not about its Group.

Debtors

					2017	2016
					£	£


Called up share capital not paid	1	1
	1	1

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HWB VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2017

4.Subsidiary undertaking

The following was a subsidiary undertaking of the Company:

Name

Country of
incorporation

Principal activity

The Foundation for the Promotion of Well-Being

United Kingdom

Charitable company

The Foundation for the Promotion of Well-Being is a charitable company limited by guarantee. The liability of HWB Ventures Limited is limited to £1. HWB Ventures Limited is the sole member.
The Foundation for the Promotion of Well-Being prepares accounts to 31 October each year. During the year ended 31 October 2016 the charity had income of £10,550 and expenditure of £3,467 resulting in a surplus before revaluations of £7,083. After a revaluation deficit of £116,600 the net movement in funds for the year were £109,517. The closing total funds as at 31 October 2016 were £350,053.

5.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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