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REGISTERED NUMBER: 07104347 (England and Wales)















DARWOOD PROPERTIES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2022






DARWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 07104347)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


DARWOOD PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2022







DIRECTORS: K R Darwood
K D Darwood





SECRETARY: K D Darwood





REGISTERED OFFICE: 28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB





REGISTERED NUMBER: 07104347 (England and Wales)





ACCOUNTANTS: Weaver Wroot
28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB

DARWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 07104347)

BALANCE SHEET
31ST DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 494,334 440,000
494,334 440,000

CURRENT ASSETS
Debtors 6 56,648 43,052
Cash at bank 1 11
56,649 43,063
CREDITORS
Amounts falling due within one year 7 268,563 262,563
NET CURRENT LIABILITIES (211,914 ) (219,500 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,420

220,500

PROVISIONS FOR LIABILITIES 29,720 -
NET ASSETS 252,700 220,500

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 156,422 102,088
Retained earnings 96,274 118,408
SHAREHOLDERS' FUNDS 252,700 220,500

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

DARWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 07104347)

BALANCE SHEET - continued
31ST DECEMBER 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 Board of Directors and authorised for issue on 17th November 2023 and were signed on its behalf by:




K R Darwood - Director



K D Darwood - Director


DARWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 07104347)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022

1. STATUTORY INFORMATION

Darwood Properties 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.

Turnover
Turnover represents rents received and charges for management and repair services

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

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st January 2022
and 31st December 2022 570
DEPRECIATION
At 1st January 2022
and 31st December 2022 570
NET BOOK VALUE
At 31st December 2022 -
At 31st December 2021 -

DARWOOD PROPERTIES LIMITED (REGISTERED NUMBER: 07104347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2022 440,000
Revaluations 54,334
At 31st December 2022 494,334
NET BOOK VALUE
At 31st December 2022 494,334
At 31st December 2021 440,000

Fair value at 31st December 2022 is represented by:
£   
Valuation in 2021 102,088
Valuation in 2022 54,334
Cost 337,912
494,334

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 3,595 2,540
Other debtors 53,053 40,201
Prepayments - 311
56,648 43,052

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Corporation Tax 1,778 732
Directors' current accounts 264,654 259,701
Accrued expenses 2,131 2,130
268,563 262,563

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholdings.