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REGISTERED NUMBER: 10338031 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 January 2022

for

Astwold Limited

Astwold Limited (Registered number: 10338031)

Contents of the Financial Statements
for the Year Ended 31 January 2022










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Astwold Limited

Company Information
for the Year Ended 31 January 2022







DIRECTORS: M S Whitney
Mrs C A Whitney





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP





REGISTERED NUMBER: 10338031 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Astwold Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Astwold Limited for the year ended 31 January 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Astwold Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Astwold Limited and state those matters that we have agreed to state to the Board of Directors of Astwold Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Astwold Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Astwold Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Astwold Limited. You consider that Astwold Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Astwold Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


12 September 2022

Astwold Limited (Registered number: 10338031)

Balance Sheet
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 174,038 189,175
Investment property 5 511,700 -
685,738 189,175

CURRENT ASSETS
Stocks 6 4,810 2,123
Debtors 7 40,233 278,714
Cash at bank 104,892 216,439
149,935 497,276
CREDITORS
Amounts falling due within one year 8 103,675 163,601
NET CURRENT ASSETS 46,260 333,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,998

522,850

CREDITORS
Amounts falling due after more than
one year

9

(266,712

)

(44,167

)

PROVISIONS FOR LIABILITIES (8,200 ) (9,834 )
NET ASSETS 457,086 468,849

Astwold Limited (Registered number: 10338031)

Balance Sheet - continued
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 456,986 468,749
457,086 468,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2022 and were signed on its behalf by:





M S Whitney - Director


Astwold Limited (Registered number: 10338031)

Notes to the Financial Statements
for the Year Ended 31 January 2022


1. STATUTORY INFORMATION

Astwold Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

. the amount of turnover can be measured reliably;

. is is probable that the Company will receive the consideration due under the contract;

. the stage of completion of the contract at the end of the reporting period can be measured reliably; and

. the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Farm Buildings - 2% on cost
Plant & Machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Government grants
Government grants receivable in relation to the job retention scheme and business bounce back loan scheme are recognised as income over the periods necessary to match them against the related costs which they are intended to compensate, on a systematic basis. Other Government grants received are recognised at the point of receipt. Government grants are shown separately as other income.

Astwold Limited (Registered number: 10338031)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022


2. ACCOUNTING POLICIES - continued

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

Astwold Limited (Registered number: 10338031)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022


4. TANGIBLE FIXED ASSETS
Farm Plant &
Land Buildings Machinery
£    £    £   
COST
At 1 February 2021 90,000 25,000 3,000
Additions - - 16,001
At 31 January 2022 90,000 25,000 19,001
DEPRECIATION
At 1 February 2021 - 500 750
Charge for year - 500 4,750
At 31 January 2022 - 1,000 5,500
NET BOOK VALUE
At 31 January 2022 90,000 24,000 13,501
At 31 January 2021 90,000 24,500 2,250

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2021 96,095 8,000 3,848 225,943
Additions - - - 16,001
At 31 January 2022 96,095 8,000 3,848 241,944
DEPRECIATION
At 1 February 2021 27,801 5,500 2,217 36,768
Charge for year 23,366 2,000 522 31,138
At 31 January 2022 51,167 7,500 2,739 67,906
NET BOOK VALUE
At 31 January 2022 44,928 500 1,109 174,038
At 31 January 2021 68,294 2,500 1,631 189,175

Astwold Limited (Registered number: 10338031)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 511,700
At 31 January 2022 511,700
NET BOOK VALUE
At 31 January 2022 511,700

6. STOCKS
31.1.22 31.1.21
£    £   
Stocks 4,810 2,123

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Trade debtors 36,900 72,165
Other debtors 2,000 480
Directors' current accounts - 205,804
Prepayments and accrued income 1,333 -
Prepayments - 265
40,233 278,714

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Bank loans and overdrafts 5,580 5,833
Trade creditors 2,862 -
Corporation tax 24,911 116,471
Social security and other taxes 441 509
VAT 8,020 34,270
Other creditors 5,704 4,368
Directors' current accounts 53,942 -
Accruals and deferred income 2,215 2,150
103,675 163,601

Astwold Limited (Registered number: 10338031)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.22 31.1.21
£    £   
Bank loans - 1-2 years 5,580 10,000
Bank loans - 2-5 years 16,740 30,000
Bank loans more than 5 years 244,392 4,167
266,712 44,167

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 244,392 4,167

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Number:

Class:

Nominal
Value:

31.01.22


31.01.21
£ £
80 A Ordinary £1 80 80
10 B Ordinary £1 10 10
5 C Ordinary £1 5 5
5 D Ordinary £1 5 5
100 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2022 and 31 January 2021:

31.1.22 31.1.21
£    £   
M S Whitney
Balance outstanding at start of year 205,804 228,335
Amounts advanced 389,241 141,947
Amounts repaid (595,045 ) (164,478 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 205,804

The directors loan is interest free and repayable on demand.