NW1.0 Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07147279 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

NW1.0 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G E Lake

Mrs C Allen

REGISTERED OFFICE:

Universal Square

Building 2

3rd Floor

Devonshire Street North

Manchester

M12 6JH

REGISTERED NUMBER:

07147279 (England and Wales)

ACCOUNTANTS:

Uppal & Warr

Chartered Accountants

452 Manchester Road

Heaton Chapel

Stockport

SK4 5DL

FIXED ASSETS

Investments

4

15

15

CURRENT ASSETS

Debtors

5

13,193,373

13,197,777

Cash at bank

14,072

10,494

13,207,445

13,208,271

CREDITORS

Amounts falling due within one year

6

13,319,982

13,320,370

NET CURRENT LIABILITIES

(112,537

)

(112,099

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(112,522

)

(112,084

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

8

(112,523

)

(112,085

)

SHAREHOLDERS' FUNDS

(112,522

)

(112,084

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 8 July 2021 and were signed on its behalf by:

Mrs C Allen - Director

1.	STATUTORY INFORMATION

NW1.0 Ltd 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

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 2 (2020 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2020

and 31 March 2021

15

NET BOOK VALUE

At 31 March 2021

15

At 31 March 2020

15

The company holds investments in the following companies.

Company Shareholding Class of Country of

Shares Incorporation

NW1.01 Ltd 100% Ordinary England

NW1.02 Ltd 100% Ordinary England

NW1.03 Ltd 100% Ordinary England

NW1.04 Ltd 100% Ordinary England

NW1.05 Ltd 100% Ordinary England

NW1.06 Ltd 100% Ordinary England

NW1.07 Ltd 100% Ordinary England

NW1.08 Ltd 100% Ordinary England

NW1.09 Ltd 100% Ordinary England

NW1.10 Ltd 100% Ordinary England

NW1.11 Ltd 100% Ordinary England

NW1.12 Ltd 100% Ordinary England

NW1.13 Ltd 100% Ordinary England

NW1.14 Ltd 100% Ordinary England

NW1.15 Ltd 100% Ordinary England

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Associated company loans

13,193,373

13,197,777

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

12,785,168

12,785,168

Associated company loans

534,439

534,827

Accrued expenses

375

375

13,319,982

13,320,370

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.21

31.3.20

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Retained

earnings

£

At 1 April 2020

(112,085

)

Deficit for the year

(438

)

At 31 March 2021

(112,523

)