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REGISTERED NUMBER: 05101213 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

FOR

TIMBERWISE HOLDINGS LIMITED

TIMBERWISE HOLDINGS LIMITED (REGISTERED NUMBER: 05101213)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TIMBERWISE HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2021







DIRECTORS: Mr M J Edwards
Mrs A J Edwards





SECRETARY: Mrs A J Edwards





REGISTERED OFFICE: 1 Drake Mews
Gadbrook Park
Northwich
Cheshire
CW9 7XF





REGISTERED NUMBER: 05101213 (England and Wales)





ACCOUNTANTS: KJG
1 City Road East
Manchester
M15 4PN

TIMBERWISE HOLDINGS LIMITED (REGISTERED NUMBER: 05101213)

BALANCE SHEET
31st December 2021

2021 2020
Notes £    £   
FIXED ASSETS
Investments 4 1,109,786 1,109,786

CREDITORS
Amounts falling due within one year 5 (609,786 ) (609,786 )
NET CURRENT LIABILITIES (609,786 ) (609,786 )
TOTAL ASSETS LESS CURRENT LIABILITIES 500,000 500,000

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Share premium 499,000 499,000
SHAREHOLDERS' FUNDS 500,000 500,000

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th September 2022 and were signed on its behalf by:





Mr M J Edwards - Director


TIMBERWISE HOLDINGS LIMITED (REGISTERED NUMBER: 05101213)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2021


1. STATUTORY INFORMATION

Timberwise Holdings Limited is a private company limited by share capital, incorporated in England and Wales, registration number 05101213. The address of the registered office is 1 Drake Mews, Gadbrook Park, Northwich, Cheshire, CW9 7XF.

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.

Preparation of consolidated financial statements
The financial statements contain information about Timberwise Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken 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.

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 profit and loss account, 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.

TIMBERWISE HOLDINGS LIMITED (REGISTERED NUMBER: 05101213)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2021


2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2021
and 31st December 2021 1,109,786
NET BOOK VALUE
At 31st December 2021 1,109,786
At 31st December 2020 1,109,786

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed to group undertakings 609,786 609,786

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £ £
800 Ordinary A £1.00 800 800
Ordinary B £1.00 197 200
Ordinary C £1.00 1
Ordinary D £1.00 1
Ordinary E £1.00 1
. .
1,000 1,000


During the year there was a change in share class. 200 Ordinary B sharers were changed to 197 Ordinary B shares, 1 Ordinary C Shares, 1 Ordinary D Shares, and 1 Ordinary E Shares.

TIMBERWISE HOLDINGS LIMITED (REGISTERED NUMBER: 05101213)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2021


7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M J Edwards.