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REGISTERED NUMBER: 05624284 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Northwood (Wrexham) Limited

Northwood (Wrexham) Limited (Registered number: 05624284)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Northwood (Wrexham) Limited

Company Information
for the Year Ended 30 November 2023







Director: S A Bithell





Registered office: The Coach House
25 Rhosddu Road
Wrexham
LL11 1EB





Registered number: 05624284 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Northwood (Wrexham) Limited (Registered number: 05624284)

Statement of Financial Position
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 3,666 5,046
3,666 5,046

Current assets
Debtors 6 161,620 34,982
Cash at bank and in hand 2,168 134,973
163,788 169,955
Creditors
Amounts falling due within one year 7 104,314 90,962
Net current assets 59,474 78,993
Total assets less current liabilities 63,140 84,039

Creditors
Amounts falling due after more than
one year

8

(16,667

)

(26,667

)

Provisions for liabilities - (1,029 )
Net assets 46,473 56,343

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 45,473 55,343
46,473 56,343

Northwood (Wrexham) Limited (Registered number: 05624284)

Statement of Financial Position - continued
30 November 2023


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

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

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





S A Bithell - Director


Northwood (Wrexham) Limited (Registered number: 05624284)

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

1. Statutory information

Northwood (Wrexham) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Revenue from property rental is recognised on an accruals basis.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - 10% on cost
Fixtures, fittings & equipment - 15% on cost

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


Northwood (Wrexham) Limited (Registered number: 05624284)

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

2. Accounting policies - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 5 (2022 - 6 ) .

4. Intangible fixed assets
Franchise
fees
£   
Cost
At 1 December 2022
and 30 November 2023 39,950
Amortisation
At 1 December 2022
and 30 November 2023 39,950
Net book value
At 30 November 2023 -
At 30 November 2022 -

Northwood (Wrexham) Limited (Registered number: 05624284)

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

5. Tangible fixed assets
Fixtures,
Leasehold fittings
property & equipment Totals
£    £    £   
Cost
At 1 December 2022
and 30 November 2023 21,553 26,749 48,302
Depreciation
At 1 December 2022 21,553 21,703 43,256
Charge for year - 1,380 1,380
At 30 November 2023 21,553 23,083 44,636
Net book value
At 30 November 2023 - 3,666 3,666
At 30 November 2022 - 5,046 5,046

6. Debtors: amounts falling due within one year
30/11/23 30/11/22
£    £   
Trade debtors 6,920 9,749
Other debtors 154,700 25,233
161,620 34,982

7. Creditors: amounts falling due within one year
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 28,440 10,542
Trade creditors 2,077 5,407
Taxation and social security 33,614 57,877
Other creditors 40,183 17,136
104,314 90,962

8. Creditors: amounts falling due after more than one year
30/11/23 30/11/22
£    £   
Bank loans 16,667 26,667

Northwood (Wrexham) Limited (Registered number: 05624284)

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

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30/11/23 30/11/22
£    £   
S A Bithell
Balance outstanding at start of year - 118,175
Amounts advanced - 32,659
Amounts repaid - (150,834 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. Related party disclosures

The director has made loans to the company. The balance on these loans at 30 November 2023 was £22,683 (2022: £510). The loans are interest free, unsecured and repayable on demand.