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REGISTERED NUMBER: 00813227 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

AKWOOD PROPERTY CO.LIMITED

AKWOOD PROPERTY CO.LIMITED (REGISTERED NUMBER: 00813227)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AKWOOD PROPERTY CO.LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: A J Armstrong
A E Bygraves
S A Merton Jones
A B Porter
M L Bygraves





SECRETARY: Hyde & Lewis Ltd





REGISTERED OFFICE: 1 Cambridge Road
Sandy
SG19 1JE





REGISTERED NUMBER: 00813227 (England and Wales)





AUDITORS: Baker Noel Limited
Statutory Auditor
Cheribourne House
45A Station Road
Willington
Bedford
Bedfordshire
MK44 3QL

AKWOOD PROPERTY CO.LIMITED (REGISTERED NUMBER: 00813227)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 260,000 260,000

CURRENT ASSETS
Debtors 5 16,057 16,494
Cash at bank 369,099 365,934
385,156 382,428
CREDITORS
Amounts falling due within one year 6 39,862 33,705
NET CURRENT ASSETS 345,294 348,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,294

608,723

PROVISIONS FOR LIABILITIES 7 32,672 32,672
NET ASSETS 572,622 576,051

CAPITAL AND RESERVES
Called up share capital 8 171,370 171,370
Fair value reserve 139,288 139,288
Retained earnings 261,964 265,393
SHAREHOLDERS' FUNDS 572,622 576,051

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 18 September 2023 and were signed on its behalf by:




M L Bygraves - Director



A E Bygraves - Director


AKWOOD PROPERTY CO.LIMITED (REGISTERED NUMBER: 00813227)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Akwood Property Co.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 as modified by the revaluation of certain assets.

Investment property
Investment property relates to various parcels of land held for long term investment and are included in the balance sheet at their open market values. The surplus or deficit on revaluation in the year are are transferred to the fair value reserve.

Depreciation is not provided in respect of land.

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 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.

Other income
Income from fixed asset investments comprises rents receivable from land which is invoiced in advance and recognised when it falls due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 260,000
NET BOOK VALUE
At 28 February 2023 260,000
At 28 February 2022 260,000

AKWOOD PROPERTY CO.LIMITED (REGISTERED NUMBER: 00813227)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. INVESTMENT PROPERTY - continued

Included in fair value of investment property is freehold land of £ 260,000 (2022 - £ 260,000 ) which is not depreciated.

At 28th February 2023 the directors have valued the land at £260,000.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 16,057 16,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 1,022 -
Other creditors 38,840 33,705
39,862 33,705

7. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 32,672 32,672

Deferred
tax
£   
Balance at 1 March 2022 32,672
Balance at 28 February 2023 32,672

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
171,370 Ordinary £1 1 171,370 171,370

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Clive Noel (Senior Statutory Auditor)
for and on behalf of Baker Noel Limited