COMPANY REGISTRATION NO. 08936878 (England and Wales)
GWENT INVESTMENTS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
GWENT INVESTMENTS LIMITED
COMPANY INFORMATION
Director
Mr D S Lewis
Company number
08936878
Registered office
Llanover House
Llanover Road
Pontypridd
Rhonda Cynon Taff
CF37 4DY
Auditor
UHY Hacker Young
Lanyon House
Mission Court
Newport
South Wales
United Kingdom
NP20 2DW
GWENT INVESTMENTS LIMITED
CONTENTS
Page
Strategic report
1
Director's report
2
Director's responsibilities statement
3
Independent auditor's report
4 - 6
Profit and loss account
7
Statement of comprehensive income
8
Balance sheet
9
Statement of changes in equity
10
Notes to the financial statements
11 - 16
GWENT INVESTMENTS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2020
- 1 -
The director presents the strategic report for the year ended 31 December 2020.
Fair review of the business
The company is an investment company. The main subsidiary which traded in the year is Merthyr (South Wales) Limited. A detailed Strategic report regarding the performance of the group is available in Merthyr (South Wales) Limited's financial statements (company registration number: 04261274).
The company's parent company is Gwent Holdings Limited.
Mr D S Lewis
Director
19 April 2022
GWENT INVESTMENTS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2020
- 2 -
The director presents his annual report and financial statements for the year ended 31 December 2020.
Principal activities
The principal activity of the company continued to be that of an investment company.
Results and dividends
The results for the year are set out on page 7.
No ordinary dividends were paid. The director does not recommend payment of a final dividend.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
Mr D S Lewis
Mr L Jones
(Resigned 18 January 2021)
Auditor
The auditor, UHY Hacker Young, is deemed to be reappointed under section 487(2) of the Companies Act 2006.
Statement of disclosure to auditor
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s
auditor
is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s
auditor
is aware of that information.
On behalf of the board
Mr D S Lewis
Director
19 April 2022
GWENT INVESTMENTS LIMITED
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2020
- 3 -
The director is responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
GWENT INVESTMENTS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF GWENT INVESTMENTS LIMITED
- 4 -
Opinion
We have audited the financial statements of Gwent Investments Limited (the 'company') for the year ended 31 December 2020 which comprise the profit and loss account, the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including significant accounting policies.
The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102
The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the company's affairs as at 31 December 2020 and of its loss for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the
Auditor's
responsibilities for the audit of the
financial statements
section of our report. We are independent of the
company
in accordance with the ethical requirements that are relevant to our audit of the
financial statements
in the UK, including the FRC’s Ethical Standard
, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit
:
-
the information given in the strategic report and the director's
r
eport for the financial year for which the financial statements are prepared is consistent with the financial statements
; and
-
the strategic report and the director's report have been prepared in accordance with applicable legal requirements.
GWENT INVESTMENTS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBER OF GWENT INVESTMENTS LIMITED
- 5 -
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie
d
material misstatements in the strategic report and the director's
r
eport
.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of
remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of director
As explained more fully in the director's
r
esponsibilities
s
tatement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of
financial statements
that are free from material misstatement, whether due to fraud or error. In preparing the
financial statements
, the
director is
responsible for assessing the company
'
s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the
director
either
intends
to liquidate the company or to cease operations, or has no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the
financial statements
as a whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's
report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with
ISAs (UK)
will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements
.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below
.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
-
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
-
we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the relevant sector;
-
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006;
-
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
-
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
-
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
-
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
GWENT INVESTMENTS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBER OF GWENT INVESTMENTS LIMITED
- 6 -
To address the risk of fraud through management bias and override of controls, we:
-
performed analytical procedures to identify any unusual or unexpected relationships;
-
tested journal entries to identify unusual transactions;
-
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
-
investigated the rationale behind significant or unusual transactions.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial statements, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
This report is made solely to the company's member in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's member those matters we are required to state to the member in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's member for our audit work, for this report, or for the opinions we have formed.
Mr Paul Byett (Senior Statutory Auditor)
For and on behalf of UHY Hacker Young
19 April 2022
Chartered Accountants
Statutory Auditor
Newport
South Wales
United Kingdom
GWENT INVESTMENTS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2020
- 7 -
2020
2019
Notes
£
£
Administrative expenses
(14,984)
(6,644)
Other operating income
375
Operating loss
4
(14,984)
(6,269)
Interest receivable and similar income
6
15,000,000
Interest payable and similar expenses
7
(1,597)
(Loss)/profit before taxation
(16,581)
14,993,731
Tax on (loss)/profit
8
(Loss)/profit for the financial year
(16,581)
14,993,731
The profit and loss account has been prepared on the basis that all operations are continuing operations.
GWENT INVESTMENTS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2020
- 8 -
2020
2019
£
£
(Loss)/profit for the year
(16,581)
14,993,731
Other comprehensive income
-
-
Total comprehensive income for the year
(16,581)
14,993,731
GWENT INVESTMENTS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2020
31 December 2020
- 9 -
2020
2019
Notes
£
£
£
£
Fixed assets
Tangible assets
10
13,629
23,929
Investments
11
20,964,484
20,964,484
20,978,113
20,988,413
Current assets
Debtors
13
196,185
998,218
Cash at bank and in hand
619
619
196,804
998,837
Creditors: amounts falling due within one year
14
(16,930,688)
(17,726,440)
Net current liabilities
(16,733,884)
(16,727,603)
Net assets
4,244,229
4,260,810
Capital and reserves
Called up share capital
15
1,800,001
1,800,001
Profit and loss reserves
2,444,228
2,460,809
Total equity
4,244,229
4,260,810
The financial statements were approved by the board of directors and authorised for issue on 19 April 2022 and are signed on its behalf by:
Mr D S Lewis
Director
Company Registration No. 08936878
GWENT INVESTMENTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2020
- 10 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2019
1,800,001
2,467,078
4,267,079
Year ended 31 December 2019:
Profit and total comprehensive income for the year
-
14,993,731
14,993,731
Dividends
9
-
(15,000,000)
(15,000,000)
Balance at 31 December 2019
1,800,001
2,460,809
4,260,810
Year ended 31 December 2020:
Loss and total comprehensive income for the year
-
(16,581)
(16,581)
Balance at 31 December 2020
1,800,001
2,444,228
4,244,229
GWENT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
- 11 -
1
Accounting policies
Company information
Gwent Investments Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Llanover House, Llanover Road, Pontypridd, Rhonda Cynon Taff, CF37 4DY.
1.1
Accounting convention
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.
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 £
1
.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares
publicly available consolidated financial statements
, including this company,
which are
intended to give a true and fair view of the assets, liabilities,
financial position and profit or loss
of the group
.
T
he company has
therefore
taken advantage of
e
xemptions from the following disclosure requirements:
-
Section 4 ‘Statement of Financial Position’ – Reconciliation of the opening and closing number of shares
;
-
Section 7 ‘Statement of Cash Flows’ – Presentation of a statement of cash
f
low and related notes and disclosures
;
-
Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’ – Carrying amounts, interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income
;
-
Section 26 ‘Share based Payment’ – Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements
;
-
Section 33 ‘Related Party Disclosures’ – Compensation for key management personnel
.
The company has taken advantage of the exemption under section 400 of the
Companies Act 2006 not to prepare consolidated accounts. The
financial statements
present information about the company as an individual entity and not about its group
.
Gwent Investments Limited is a wholly owned subsidiary of Gwent Holdings Limited and the results of Gwent Investments Limited are included in the consolidated financial statements of Gwent Holdings Limited which are available from the registered office at C/O UHY Hacker Young, Lanyon House, Mission Court, Newport, Wales, NP20 2DW.
1.2
Going concern
A
true
t the time of approving the financial statements
,
t
he director has a reasonable expectation that the
company
has adequate resources to continue in operational existence for the foreseeable future. Thus
t
he director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
GWENT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
1
Accounting policies
(Continued)
- 12 -
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
15% on cost
Computer equipment
33% on cost
Motor vehicles
25% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Fixed asset investments
Interests in subsidiaries
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.
1.5
Financial instruments
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.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
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.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
GWENT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
- 13 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Turnover and other revenue
2020
2019
£
£
Other significant revenue
Dividends received
-
15,000,000
4
Operating loss
2020
2019
Operating loss for the year is stated after charging/(crediting):
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
8,000
Depreciation of owned tangible fixed assets
10,300
31,908
Profit on disposal of tangible fixed assets
(25,290)
5
Employees
The company did not have any employees other than the director in the current or prior year.
6
Interest receivable and similar income
2020
2019
£
£
Income from fixed asset investments
Income from shares in group undertakings
15,000,000
7
Interest payable and similar expenses
2020
2019
£
£
Other interest
1,597
GWENT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
- 14 -
8
Taxation
The actual charge for the year can be reconciled to the expected (credit)/charge for the year based on the profit or loss and the standard rate of tax as follows:
2020
2019
£
£
(Loss)/profit before taxation
(16,581)
14,993,731
Expected tax (credit)/charge based on the standard rate of corporation tax in the UK of 19.00% (2019: 19.00%)
(3,150)
2,848,809
Tax effect of expenses that are not deductible in determining taxable profit
(2,854,805)
Unutilised tax losses carried forward
2,529
1,553
Permanent capital allowances in excess of depreciation
621
4,443
Taxation charge for the year
-
-
The company has
£152,447
of tax trading losses carried forward
(2019: £
1
40,734).
9
Dividends
2020
2019
£
£
Final paid
15,000,000
10
Tangible fixed assets
Plant and machinery
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2020 and 31 December 2020
44,760
3,429
61,294
109,483
Depreciation and impairment
At 1 January 2020
25,858
3,429
56,267
85,554
Depreciation charged in the year
6,714
3,586
10,300
At 31 December 2020
32,572
3,429
59,853
95,854
Carrying amount
At 31 December 2020
12,188
1,441
13,629
At 31 December 2019
18,902
5,027
23,929
GWENT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
- 15 -
11
Fixed asset investments
2020
2019
Notes
£
£
Investments in subsidiaries
12
20,964,484
20,964,484
12
Subsidiaries
Details of the company's subsidiaries at 31 December 2020 are as follows:
Name of undertaking
Class of
% Held
shares held
Direct
Indirect
Ffos-y-Fran (Commoners) Limited
Ordinary
0
100.00
Merthyr (Ffos-y-Fran) Limited
Ordinary
0
100.00
Merthyr (Nominee No. 1) Limited
Ordinary
0
100.00
Merthyr (South Wales) Limited
Ordinary
0
100.00
Merthyr Holdings Limited
Ordinary
100.00
-
The registered office address for
Merthyr (South Wales) Limited is Lanyon House, Mission Court, Newport, Wales, NP20 2DW.
The registered office address for
the
remaining subsidiaries
above is Cwmbargoed Disposal Point Fochriw Road, Cwmbargoed, Merthyr Tydfil, Wales, CF48 4AE.
13
Debtors
2020
2019
Amounts falling due within one year:
£
£
Corporation tax recoverable
196,185
197,782
Other debtors
800,436
196,185
998,218
14
Creditors: amounts falling due within one year
2020
2019
£
£
Amounts owed to group undertakings
16,922,688
17,716,440
Accruals and deferred income
8,000
10,000
16,930,688
17,726,440
GWENT INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
- 16 -
15
Share capital
2020
2019
2020
2019
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,800,001
1,800,001
1,800,001
1,800,001
16
Related party transactions
During the year ending 31 December 20
20
, the company received dividends from Merthyr Holdings Limited
, its wholly owned subsidiary,
totalling £
nil
(
2019:
£
15,0
00,000).
During the year ending 31 December 20
20
, the company paid dividends to Gwent Holdings Limited totalling £
nil (2019:
£
15,0
00,000). At the year end, a balance was due to Gwent Holdings Limited of £
16,922,688
(
2019:
£
17,716,440). Gwent
Holdings Limited is the
ultimate
parent company.
The company has taken advantage of the exemption not to disclose transactions with related parties being a wholly owned member of a group. Consolidated accounts of the ultimate parent company, Gwent Holdings Limited are available on request.
17
Parent company and controlling party
The ultimate parent company is Gwent Holdings Limited.
The largest and smallest publicly available consolidated financial statements to include the company are those of Gwent Holdings Limited. Copies of the Gwent Holdings Limited. Consolidated financial statements are available from C/O UHY Hacker Young, Lanyon House, Mission Court, Newport, Wales, NP20 2DW.
The ultimate controlling party is Mrs J H Lewis.
2020-12-31
2020-01-01
false
CCH Software
CCH Accounts Production 2022.100
Mr D S Lewis
Mr L Jones
0
08936878
2020-01-01
2020-12-31
08936878
bus:Director4
2020-01-01
2020-12-31
08936878
bus:Director7
2020-01-01
2020-12-31
08936878
bus:Director1
2020-01-01
2020-12-31
08936878
bus:Director2
2020-01-01
2020-12-31
08936878
bus:RegisteredOffice
2020-01-01
2020-12-31
08936878
2020-12-31
08936878
2019-01-01
2019-12-31
08936878
core:RetainedEarningsAccumulatedLosses
2019-01-01
2019-12-31
08936878
core:RetainedEarningsAccumulatedLosses
2020-01-01
2020-12-31
08936878
2019-12-31
08936878
core:PlantMachinery
2020-12-31
08936878
core:ComputerEquipment
2020-12-31
08936878
core:MotorVehicles
2020-12-31
08936878
core:PlantMachinery
2019-12-31
08936878
core:ComputerEquipment
2019-12-31
08936878
core:MotorVehicles
2019-12-31
08936878
core:CurrentFinancialInstruments
core:WithinOneYear
2020-12-31
08936878
core:CurrentFinancialInstruments
core:WithinOneYear
2019-12-31
08936878
core:CurrentFinancialInstruments
2020-12-31
08936878
core:CurrentFinancialInstruments
2019-12-31
08936878
core:ShareCapital
2020-12-31
08936878
core:ShareCapital
2019-12-31
08936878
core:RetainedEarningsAccumulatedLosses
2020-12-31
08936878
core:RetainedEarningsAccumulatedLosses
2019-12-31
08936878
core:ShareCapital
2018-12-31
08936878
core:RetainedEarningsAccumulatedLosses
2018-12-31
08936878
2018-12-31
08936878
core:PlantMachinery
2020-01-01
2020-12-31
08936878
core:ComputerEquipment
2020-01-01
2020-12-31
08936878
core:MotorVehicles
2020-01-01
2020-12-31
08936878
1
2020-01-01
2020-12-31
08936878
1
2019-01-01
2019-12-31
08936878
core:UKTax
2020-01-01
2020-12-31
08936878
core:UKTax
2019-01-01
2019-12-31
08936878
core:PlantMachinery
2019-12-31
08936878
core:ComputerEquipment
2019-12-31
08936878
core:MotorVehicles
2019-12-31
08936878
2019-12-31
08936878
core:Non-currentFinancialInstruments
2020-12-31
08936878
core:Non-currentFinancialInstruments
2019-12-31
08936878
core:Subsidiary1
2020-01-01
2020-12-31
08936878
core:Subsidiary2
2020-01-01
2020-12-31
08936878
core:Subsidiary3
2020-01-01
2020-12-31
08936878
core:Subsidiary4
2020-01-01
2020-12-31
08936878
core:Subsidiary5
2020-01-01
2020-12-31
08936878
core:Subsidiary1
1
2020-01-01
2020-12-31
08936878
core:Subsidiary2
2
2020-01-01
2020-12-31
08936878
core:Subsidiary3
3
2020-01-01
2020-12-31
08936878
core:Subsidiary4
4
2020-01-01
2020-12-31
08936878
core:Subsidiary5
5
2020-01-01
2020-12-31
08936878
bus:PrivateLimitedCompanyLtd
2020-01-01
2020-12-31
08936878
bus:FRS102
2020-01-01
2020-12-31
08936878
bus:Audited
2020-01-01
2020-12-31
08936878
bus:FullAccounts
2020-01-01
2020-12-31
xbrli:pure
xbrli:shares
iso4217:GBP