IRIS Accounts Production v23.4.0.336 03793415 director 1.7.22 30.6.23 30.6.23 false true false false true false Fair value model Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037934152022-06-30037934152023-06-30037934152022-07-012023-06-30037934152021-06-30037934152021-07-012022-06-30037934152022-06-3003793415ns15:EnglandWales2022-07-012023-06-3003793415ns14:PoundSterling2022-07-012023-06-3003793415ns10:Director12022-07-012023-06-3003793415ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3003793415ns10:SmallEntities2022-07-012023-06-3003793415ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3003793415ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3003793415ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3003793415ns10:FullAccounts2022-07-012023-06-3003793415ns10:OrdinaryShareClass12022-07-012023-06-3003793415ns10:RegisteredOffice2022-07-012023-06-3003793415ns5:CurrentFinancialInstruments2023-06-3003793415ns5:CurrentFinancialInstruments2022-06-3003793415ns5:ShareCapital2023-06-3003793415ns5:ShareCapital2022-06-3003793415ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3003793415ns5:FurtherSpecificReserve3ComponentTotalEquity2022-06-3003793415ns5:RetainedEarningsAccumulatedLosses2023-06-3003793415ns5:RetainedEarningsAccumulatedLosses2022-06-3003793415ns5:FurnitureFittings2022-07-012023-06-3003793415ns5:FurnitureFittings2022-06-3003793415ns5:FurnitureFittings2023-06-3003793415ns5:FurnitureFittings2022-06-3003793415ns10:OrdinaryShareClass12023-06-3003793415ns5:RetainedEarningsAccumulatedLosses2022-06-3003793415ns5:FurtherSpecificReserve3ComponentTotalEquity2022-06-3003793415ns5:RetainedEarningsAccumulatedLosses2022-07-012023-06-30
REGISTERED NUMBER: 03793415 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Bywood Limited

Bywood Limited (Registered number: 03793415)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bywood Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Ms L Bancroft





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 03793415 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Bywood Limited (Registered number: 03793415)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1 2
Investment property 6 607,500 607,500
607,501 607,502

CURRENT ASSETS
Cash at bank 11,943 49,655

CREDITORS
Amounts falling due within one year 7 45,622 93,736
NET CURRENT LIABILITIES (33,679 ) (44,081 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

573,822

563,421

PROVISIONS FOR LIABILITIES 78,480 59,645
NET ASSETS 495,342 503,776

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 271,195 290,030
Retained earnings 9 224,047 213,646
SHAREHOLDERS' FUNDS 495,342 503,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Bywood Limited (Registered number: 03793415)

Balance Sheet - continued
30 June 2023


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 10 March 2024 and were signed by:





Ms L Bancroft - Director


Bywood Limited (Registered number: 03793415)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Bywood 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rents receivable for the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022
and 30 June 2023 280
DEPRECIATION
At 1 July 2022 278
Charge for year 1
At 30 June 2023 279
NET BOOK VALUE
At 30 June 2023 1
At 30 June 2022 2

Bywood Limited (Registered number: 03793415)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 607,500
NET BOOK VALUE
At 30 June 2023 607,500
At 30 June 2022 607,500

The investment property is valued annually by the director on an open market existing use basis.

The historical cost of the investment property amounted to £257,825 (2022 - £257,825).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other loans 40,500 85,500
Tax 3,862 7,036
Directors' current accounts 61 -
Accruals and deferred income 1,199 1,200
45,622 93,736

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary shares £1 100 100

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2022 213,646 290,030 503,676
Deficit for the year (2,373 ) (2,373 )
Dividends (6,061 ) (6,061 )
Deferred tax 18,835 (18,835 ) -
At 30 June 2023 224,047 271,195 495,242