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REGISTERED NUMBER: 04203161 (England and Wales)














Financial Statements for the Year Ended 28 August 2022

for

Earlwood Limited

Earlwood Limited (Registered number: 04203161)






Contents of the Financial Statements
for the Year Ended 28 August 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Earlwood Limited

Company Information
for the Year Ended 28 August 2022







DIRECTOR: Mr G Jordan





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 04203161 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Earlwood Limited (Registered number: 04203161)

Statement of Financial Position
28 August 2022

28.8.22 28.8.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,004 1,037
Investment property 5 2,731,733 2,720,000
2,732,737 2,721,037

CURRENT ASSETS
Debtors 6 19,774 31,456
Cash at bank 39,518 68,839
59,292 100,295
CREDITORS
Amounts falling due within one year 7 338,608 555,521
NET CURRENT LIABILITIES (279,316 ) (455,226 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,453,421 2,265,811

CREDITORS
Amounts falling due after more than one
year

8

2,141,087

2,077,820
NET ASSETS 312,334 187,991

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 131,917 217,577
Retained earnings 180,415 (29,588 )
SHAREHOLDERS' FUNDS 312,334 187,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 August 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Earlwood Limited (Registered number: 04203161)

Statement of Financial Position - continued
28 August 2022


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 director and authorised for issue on 25 October 2023 and were signed by:





Mr G Jordan - Director


Earlwood Limited (Registered number: 04203161)

Notes to the Financial Statements
for the Year Ended 28 August 2022

1. STATUTORY INFORMATION

Earlwood 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.

Going concern
The financial statements have been prepared on the going concern basis. The director is of the opinion that he will continue to support it and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furnitures and Fittings - 15% on reducing balance
Computer Equipment - 25% on reducing balance

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.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

Earlwood Limited (Registered number: 04203161)

Notes to the Financial Statements - continued
for the Year Ended 28 August 2022

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 29 August 2021 1,239 8,874 10,113
Additions - 260 260
At 28 August 2022 1,239 9,134 10,373
DEPRECIATION
At 29 August 2021 915 8,161 9,076
Charge for year 49 244 293
At 28 August 2022 964 8,405 9,369
NET BOOK VALUE
At 28 August 2022 275 729 1,004
At 28 August 2021 324 713 1,037

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 August 2021 2,720,000
Additions 728,393
Disposals (631,000 )
Revaluations (85,660 )
At 28 August 2022 2,731,733
NET BOOK VALUE
At 28 August 2022 2,731,733
At 28 August 2021 2,720,000

Fair value at 28 August 2022 is represented by:
£   
Valuation in 2022 2,731,733

6. DEBTORS
28.8.22 28.8.21
£    £   
Amounts falling due within one year:
Other debtors 13,226 31,106

Earlwood Limited (Registered number: 04203161)

Notes to the Financial Statements - continued
for the Year Ended 28 August 2022

6. DEBTORS - continued
28.8.22 28.8.21
£    £   
Amounts falling due after more than one year:
Amounts owed by participating interests 6,548 350

Aggregate amounts 19,774 31,456

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.8.22 28.8.21
£    £   
Bank loans and overdrafts - 26,408
Trade creditors 113,544 10,729
Taxation and social security 41,743 15,731
Other creditors 183,321 502,653
338,608 555,521

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.8.22 28.8.21
£    £   
Bank loans 1,534,512 1,550,464
Amounts owed to participating interests 606,575 527,356
2,141,087 2,077,820

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,386,874 1,278,354

9. RESERVES
Revaluation
reserve
£   
At 29 August 2021 217,577
Revaluation surplus (85,660 )

At 28 August 2022 131,917

10. RELATED PARTY DISCLOSURES

The Director Mr G Jordan is considered to be key management personnel.