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REGISTERED NUMBER: 13213953 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

FOUR WOOD ESTATES LTD

FOUR WOOD ESTATES LTD (REGISTERED NUMBER: 13213953)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FOUR WOOD ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C.W. Wood
Mrs A. J. Wood





REGISTERED OFFICE: Park House 200 Drake Street
Rochdale
United Kingdom
Lancashire
OL16 1PJ





REGISTERED NUMBER: 13213953 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

FOUR WOOD ESTATES LTD (REGISTERED NUMBER: 13213953)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,292,344 1,711,745
Investments 5 90 90
2,292,434 1,711,835

CURRENT ASSETS
Debtors 10,155 910
Cash at bank 155,828 191,642
165,983 192,552
CREDITORS
Amounts falling due within one year 33,604 36,152
NET CURRENT ASSETS 132,379 156,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,424,813

1,868,235

CREDITORS
Amounts falling due after more than one year 6 - (522,540 )

PROVISIONS FOR LIABILITIES (129,731 ) (12,454 )
NET ASSETS 2,295,082 1,333,241

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 357,435 -
Retained earnings 1,936,647 1,332,241
2,295,082 1,333,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

FOUR WOOD ESTATES LTD (REGISTERED NUMBER: 13213953)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:




Mrs A. J. Wood - Director



C.W. Wood - Director


FOUR WOOD ESTATES LTD (REGISTERED NUMBER: 13213953)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Four Wood Estates Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about Four Wood Estates Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover 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.
Plant and machinery - 15% on reducing balance

No depreciation is provided for on the property as the market value is considered to be in excess of the net book value.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2023 - NIL).

FOUR WOOD ESTATES LTD (REGISTERED NUMBER: 13213953)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2023 1,722,819
Additions 111,491
Revaluations 476,580
At 31 March 2024 2,310,890
DEPRECIATION
At 1 April 2023 11,074
Charge for year 7,472
At 31 March 2024 18,546
NET BOOK VALUE
At 31 March 2024 2,292,344
At 31 March 2023 1,711,745

Cost or valuation at 31 March 2024 is represented by:

Totals
£   
Valuation in 2024 451,580
Cost 1,859,310
2,310,890

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 90
NET BOOK VALUE
At 31 March 2024 90
At 31 March 2023 90

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 401,231

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 545,395

FOUR WOOD ESTATES LTD (REGISTERED NUMBER: 13213953)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. RESERVES
Fair
value
reserve
£   
Revaluation of property 476,580
Deferred tax on revaluation (119,145 )

At 31 March 2024 357,435