HWL Holdings Limited - Period Ending 2017-12-31
HWL Holdings Limited - Period Ending 2017-12-31
Registration number:
Unaudited Financial Statements
HWL Holdings Limited
Contents
Balance Sheet |
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Notes to the Financial Statements |
HWL Holdings Limited
Balance Sheet
31 December 2017
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2017 |
2016 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Capital redemption reserve |
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Profit and loss account |
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Total equity |
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HWL Holdings Limited
Balance Sheet
31 December 2017
For the financial year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Mr A R H Meier
Director
Company Registration Number: 05382939
HWL Holdings Limited
Notes to the Financial Statements
Year Ended 31 December 2017
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
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.
Group accounts not prepared
Investments
Investments comprise of equity shares in wholly owned subsidiary companies. These shares are not publicly traded and fair value cannot be measured reliably. They are measured at cost less impairment.
Trade debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
HWL Holdings Limited
Notes to the Financial Statements
Year Ended 31 December 2017
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
2017 |
2016 |
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Investments in subsidiaries |
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Subsidiaries |
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Cost or valuation |
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At 1 January 2017 |
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Provision |
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Carrying amount |
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At 31 December 2017 |
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At 31 December 2016 |
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HWL Holdings Limited
Notes to the Financial Statements
Year Ended 31 December 2017
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Country of incorporation |
Holding |
Proportion of voting rights and shares held |
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2017 |
2016 |
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Subsidiary undertakings |
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England |
Ordinary |
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England |
Ordinary |
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England |
Ordinary |
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The principal activity of HWL Limited is |
The principal activity of Berrydata Limited is |
The principal activity of Haircloth Weaving & Finishing Co.Limited (a subsidiary of HWL Limited) is |
The profit for the financial period of Haircloth Weaving & Finishing Co.Limited (a subsidiary of HWL Limited) was £540,915 and the aggregate amount of capital and reserves at the end of the period was £4,018,248. |
Debtors |
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2017 |
2016 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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HWL Holdings Limited
Notes to the Financial Statements
Year Ended 31 December 2017
Related party transactions |
Summary of transactions with subsidiaries
Balance at the end of the year - £233,997 (2016 - £233,997)