REGISTERED NUMBER: |
Financial Statements for the Year Ended 28 August 2022 |
for |
Earlwood Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 9 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
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 |
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 |
Earlwood Limited (Registered number: 04203161) |
Notes to the Financial Statements |
for the Year Ended 28 August 2022 |
1. | STATUTORY INFORMATION |
Earlwood Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
Additions |
At 28 August 2022 |
DEPRECIATION |
At 29 August 2021 |
Charge for year |
At 28 August 2022 |
NET BOOK VALUE |
At 28 August 2022 |
At 28 August 2021 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 29 August 2021 |
Additions |
Disposals | ( |
) |
Revaluations | (85,660 | ) |
At 28 August 2022 |
NET BOOK VALUE |
At 28 August 2022 |
At 28 August 2021 |
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 |
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 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.8.22 | 28.8.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.8.22 | 28.8.21 |
£ | £ |
Bank loans |
Amounts owed to participating interests | 606,575 | 527,356 |
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 |
Revaluation surplus | (85,660 | ) |
At 28 August 2022 |
10. | RELATED PARTY DISCLOSURES |
The Director Mr G Jordan is considered to be key management personnel. |