NWG LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: 03812741 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

NWG LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H Shah

REGISTERED OFFICE:

Alpha House

646c Kingsbury Road

Kingsbury

London

NW9 9HN

REGISTERED NUMBER:

03812741 (England and Wales)

ACCOUNTANTS:

Frasers Young Limited

Chartered Certified Accountants

Alpha House

646c Kingsbury Road

Kingsbury

London

NW9 9HN

FIXED ASSETS

Tangible assets

3

2,406

2,921

Investment property

4

1,100,000

1,102,406

1,102,921

CURRENT ASSETS

Debtors

5

157,475

-

Cash at bank

11,939

400,543

169,414

400,543

CREDITORS

Amounts falling due within one year

6

(46,669

)

(267,866

)

NET CURRENT ASSETS

122,745

132,677

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,225,151

1,235,598

CREDITORS

Amounts falling due after more than one year

7

(806,241

)

(841,500

)

PROVISIONS FOR LIABILITIES

(91,637

)

(96,459

)

NET ASSETS

327,273

297,639

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

327,173

297,539

SHAREHOLDERS' FUNDS

327,273

297,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 26 September 2018 and were signed by:

H Shah - Director

1.	STATUTORY INFORMATION

NWG 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

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.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2017

and 31 December 2017

3,437

DEPRECIATION

At 1 January 2017

516

Charge for year

515

At 31 December 2017

1,031

NET BOOK VALUE

At 31 December 2017

2,406

At 31 December 2016

2,921

4.	INVESTMENT PROPERTY

Cost or valuation at 31 December 2017 is represented by:

£

Valuation in 2012

282,298

Valuation in 2015

200,000

Cost

617,702

1,100,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Amounts owed by group undertakings

157,475

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Bank loans and overdrafts

35,259

-

Amounts owed to group undertakings

-

257,025

Other creditors

11,410

10,841

46,669

267,866

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.17

31.12.16

£

Bank loans

806,241

841,500

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

806,241

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.17

31.12.16

£

Bank loans

841,500

First Legal charge is held on the property held by the company.

NWG LIMITED - Accounts to registrar (filleted) - small 18.1

NWG LIMITED - Accounts to registrar (filleted) - small 18.1