Codeweavers (Holdings) Limited - Period Ending 2018-03-31

Registration number: 09791687

Codeweavers (Holdings) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2018

Codeweavers (Holdings) Limited

Contents

Statement of Financial Position	1
Statement of Changes in Equity	2
Notes to the Financial Statements	3 to 5

Codeweavers (Holdings) Limited

(Registration number: 09791687)
Statement of Financial Position as at 31 March 2018

	Note	2018 £	2017 £
Fixed assets
Other financial assets	3	601,603	601,603
Current assets
Debtors	4	-	150,000
Total assets less current liabilities		601,603	751,603
Creditors: Amounts falling due after more than one year	5	(491,162)	(495,162)
Net assets		110,441	256,441
Capital and reserves
Called up share capital		14,400	20,000
Share premium reserve		90,108	90,108
Capital redemption reserve		5,600	75,000
Profit and loss account		333	71,333
Total equity		110,441	256,441

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	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 Income Statement has been taken.

Approved and authorised by the Board on 19 December 2018 and signed on its behalf by:
 

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

R W Schaack
Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 1

Codeweavers (Holdings) Limited

Statement of Changes in Equity for the Year Ended 31 March 2018

	Share capital £	Share premium £	Capital redemption reserve £	Profit and loss account £	Total £
At 1 April 2017	20,000	90,108	75,000	71,333	256,441
Profit for the year	-	-	-	1,899,000	1,899,000
Other comprehensive income	-	-	-	75,000	75,000
Total comprehensive income	-	-	-	1,974,000	1,974,000
Dividends	-	-	-	(150,000)	(150,000)
Purchase of own share capital	(5,600)	-	-	(1,895,000)	(1,900,600)
Other capital redemption reserve movements	-	-	(69,400)	-	(69,400)
At 31 March 2018	14,400	90,108	5,600	333	110,441

	Share capital £	Share premium £	Capital redemption reserve £	Profit and loss account £	Total £
At 1 April 2016	20,000	90,108	-	100,000	210,108
Profit for the year	-	-	-	146,333	146,333
Other comprehensive income	-	-	-	(75,000)	(75,000)
Total comprehensive income	-	-	-	71,333	71,333
Dividends	-	-	-	(100,000)	(100,000)
Other capital redemption reserve movements	-	-	75,000	-	75,000
At 31 March 2017	20,000	90,108	75,000	71,333	256,441

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Codeweavers (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Barn 4 Office
Dunston Business Village
Stafford
Staffordshire
ST18 9AB
United Kingdom

These financial statements were authorised for issue by the Board on 19 December 2018.

2	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 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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.

Page 3

Codeweavers (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

3	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2017	601,603	601,603
At 31 March 2018	601,603	601,603
Impairment
Carrying amount
At 31 March 2018	601,603	601,603

4

Debtors

	Note	2018 £	2017 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	6	-	150,000
		-	150,000

5

Creditors

Creditors: amounts falling due after more than one year

	2018 £	2017 £
Due after one year
Other non-current financial liabilities	491,162	495,162

6	Related party transactions

Loans to related parties

2018	Subsidiary £
At start of period	495,171
Repaid	(4,000)
At end of period	491,171

Page 4

Codeweavers (Holdings) Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

2017	Subsidiary £
At start of period	316,504
Advanced	178,667
At end of period	495,171

Page 5