Shawa Bluewater Limited is a private company limited by shares incorporated in England and Wales . The registered office is Unit 2 Plantain Place, Crosby Row, London Bridge, London, SE1 1YN.
The financial statements are prepared in sterling , which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements of the company are consolidated in the financial statements of Comptoir Group Plc, which are available at Companies House.
The company changed to a weekly accounting calendar during the year, consequently, the financial statements has been prepared for the 52 weeks ending 2 January 2022 rather than for 12 months ending 31 December 2021. This change was introduced to align the company with common practice within the retail and hospitality sector, where the year end date will always be on a Sunday. This allows for accurate comparisons on stock takes and other metrics on a weekly basis.
The company has not traded during the period or the preceding financial year . During this time the company received no income and incurred no expenditure and therefore no profit and loss account is presented in these financial statements.
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 using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. 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, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
During the prior year, loans from related companies were written off. The subsequent recorded movements in the profit and loss account were not taxed and did not constitute a start of an accounting period under CTA09/S9. Therefore the company remained dormant in the prior year.
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.
Subsequent to the year end, from 3 January 2022 we have traded with all sites open subject to government restrictions. On 26 January 2022, all restrictions were lifted and the Group was fully operational across all sites.
The ultimate parent company is Comptoir Group Plc, a company registered in England and Wales. Comptoir Group Plc prepares group financial statements and copies can be obtained from Companies House. The registered office address is Unit 2, Plantain Place, Crosby Row, London, SE1 1YN.
The company has taken the advantage of exemption, under the terms of Financial Reporting Standard 102 ”The Financial Reporting Standard applicable in the UK and Republic of Ireland”, not to disclose related party transactions with wholly owned subsidiaries within the group.