Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-12-01false22falseNo description of principal activitytrue 09854445 2022-12-01 2023-11-30 09854445 2021-12-01 2022-11-30 09854445 2023-11-30 09854445 2022-11-30 09854445 c:Director1 2022-12-01 2023-11-30 09854445 d:CurrentFinancialInstruments 2023-11-30 09854445 d:CurrentFinancialInstruments 2022-11-30 09854445 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09854445 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 09854445 d:ShareCapital 2023-11-30 09854445 d:ShareCapital 2022-11-30 09854445 d:RetainedEarningsAccumulatedLosses 2023-11-30 09854445 d:RetainedEarningsAccumulatedLosses 2022-11-30 09854445 c:FRS102 2022-12-01 2023-11-30 09854445 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09854445 c:FullAccounts 2022-12-01 2023-11-30 09854445 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Registered number: 09854445














HENWOOD TWENTY THREE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 NOVEMBER 2023

 
HENWOOD TWENTY THREE LIMITED
REGISTERED NUMBER:09854445

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
£
£

  

Current assets
  

Stocks
 4 
541,466
537,083

Debtors: amounts falling due within one year
 5 
1,174
-

Cash at bank and in hand
 6 
401
6,172

  
543,041
543,255

Creditors: amounts falling due within one year
 7 
(492,120)
(490,506)

Net current assets
  
 
 
50,921
 
 
52,749

Total assets less current liabilities
  
50,921
52,749

  

Net assets
  
£50,921
£52,749


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
50,919
52,747

  
£50,921
£52,749


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 August 2024.




................................................
Mr B G Bushell
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
HENWOOD TWENTY THREE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Henwood Twenty Three Limited is a private limited company incorporated in England & Wales.
The registered office is Midland House, 98 Cheriton Road, Folkestone, Kent, CT20 2QH.
The company registration number is 09854445

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 2

 
HENWOOD TWENTY THREE LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Management
2
2


4.


Stocks

2023
2022
£
£

Vehicle stock
541,466
537,083

£541,466
£537,083


Page 3

 
HENWOOD TWENTY THREE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
1,174
-

£1,174
£-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
401
6,172

£401
£6,172



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
-
2,464

Other creditors
488,292
487,292

Accruals and deferred income
3,828
750

£492,120
£490,506



8.


Related party transactions

During the year the company continued to be provided working capital funding totalling £250,756 (2022: £249,756) from Mr B G Bushell a director and shareholder of the company.
During the year the company continued to be provided working capital funding totalling £137,499 (2022: £137,499) from  Mr A E Carrington a director and shareholder of the company.
During the year the company incurred costs of £Nil (2022: £7,297) from Alan Carrington Classic Cars Limited. At the balance sheet date the company owed Alan Carrington Classic Cars Limited £100,036 (2022: £100,036). Mr A E Carrington is director and shareholder of both companies.

Page 4