Cherwell Holroyd Limited
Unaudited Financial Statements
For the period ended 30 April 2022
For Filing with Registrar
Company Registration No. 13225038 (England and Wales)
Cherwell Holroyd Limited
Balance Sheet
As at 30 April 2022
Page 1
2022
Notes
£
£
Fixed assets
Investments
4
23,965,814
Capital and reserves
Called up share capital
5
23,965,814
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 17 November 2022 and are signed on its behalf by:
T G Holroyd
Director
Company Registration No. 13225038
Cherwell Holroyd Limited
Notes to the Financial Statements
For the period ended 30 April 2022
Page 2
1
Accounting policies
Company information
Cherwell Holroyd Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
1 Cherwell Mews, London, England, SW11 1AF.
1.1
Accounting convention
These financial statements have been prepared in accordance with
S
ection 1A of 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 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 have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section
399
of the
Companies Act 2006 not to prepare consolidated accounts
, on the basis that the group of which this is the parent qualifies as a small group
. The
financial statements
present information about the company as an individual entity and not about its group
.
1.2
Reporting period
The company incorporated on 25 February 2021 and the director has opted for a 30 April year end to bring the company in line with other group companies. Accordingly, these are the first financial statements prepared by the company and are for a period of more than one year.
1.3
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in
profit
or
loss
.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
1.4
Financial instruments
The company only has financial instruments classified as basic and measured at amortised cost. The company has no financial instruments that are classified as ‘other’ or financial instruments measured at fair value.
1.5
Equity instruments
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was 0
.
Cherwell Holroyd Limited
Notes to the Financial Statements (Continued)
For the period ended 30 April 2022
Page 3
3
Dividends
2022
£
Interim paid
373,718
4
Fixed asset investments
2022
£
Shares in group undertakings and participating interests
23,965,814
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 25 February 2021
-
Additions
23,965,814
At 30 April 2022
23,965,814
Carrying amount
At 30 April 2022
23,965,814
5
Called up share capital
2022
2022
Ordinary share capital
Number
£
Issued and fully paid
Ordinary 'A' shares of £1 each
23,965,814
23,965,814
6
Related party transactions
During the year
Cherwell Group Limited,
a
subsidiary undertaking, declared dividends of £373,718 to the company.
The company declared dividends of £215,000 to
T G
Holroyd,
a director of the company,
and £158,718 to Holroyd Investments Limited in the year,
a substantial shareholder in the company.