CALDAIRE_TERMINAL_LTD - Accounts

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

Caldaire Terminal Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Cavendish Wharf, Duke Street, Birkenhead, Wirral, CH41 1HN.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements have been prepared using the going concern basis, which assumes the ongoing financial support of the financiers and the group. Assurance has been received that this will continue for a period of at least one year from the signing of these financial statements and accordingly it is considered appropriate to prepare the accounts using the going concern basis. true

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

The tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

The average monthly number of persons (including directors) employed by the company during the year was:

The amounts owed by group undertakings are not subject to any formal agreement.

The bank overdraft is secured by guarantees from fellow group companies

The amounts owed to group undertakings are not subject to any formal agreement.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The company is party to an inter company composite guarantee to secure bank borrowings to fellow subsidiary companies within the group and a related entity incorporated in the United Kingdom. The net group liability to the bank at the balance sheet date was £1.347.363 (2021: £2,744,674).

The company is also party to a cross guarantee to secure a hire purchase creditor in respect of amounts owed by the ultimate parent company. The net group liability at the year end amounted to £5,602,241 (2021: £4.791,628).

The company is party to a group VAT registration and thus has joint and several liability in this respect. The net group liability at the year end amounted to £68,606 (2021: £22,043).

The company's parent company is NW Trading (Holdings) Limited, incorporated in England and Wales. The company's ultimate parent company is NWT Group Limited.

The parent company of the group that includes the company and for which group financial statements are prepared is NWT Group Limited. Consolidated financial statements of the group can be requested from NW Trading (Holdings) Limited, Cavendish Wharf, Duke Street, Birkenhead, Wirral, CH41 1HN.