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REGISTERED NUMBER: 10819909 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Northwood Group Ltd.

Northwood Group Ltd. (Registered number: 10819909)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northwood Group Ltd.

Company Information
for the Year Ended 31 October 2023







DIRECTORS: D Holland
J G Turner
T P C Spink





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
United Kingdom
DE24 8ZS





REGISTERED NUMBER: 10819909 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Northwood Group Ltd. (Registered number: 10819909)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 213

CURRENT ASSETS
Stocks 14,678,965 16,195,986
Debtors 5 36,185 17,502
Cash at bank 1 7,114
14,715,151 16,220,602
CREDITORS
Amounts falling due within one year 6 4,139,157 618,624
NET CURRENT ASSETS 10,575,994 15,601,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,575,994

15,602,191

CREDITORS
Amounts falling due after more than one
year

7

10,389,462

15,342,240
NET ASSETS 186,532 259,951

CAPITAL AND RESERVES
Called up share capital 300,000 300,000
Retained earnings (113,468 ) (40,049 )
186,532 259,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Northwood Group Ltd. (Registered number: 10819909)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:




D Holland - Director T P C Spink - Director




J G Turner - Director


Northwood Group Ltd. (Registered number: 10819909)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Northwood Group 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.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Stocks and work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 3 (2022 - 4 ) .

Northwood Group Ltd. (Registered number: 10819909)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 4,828
AMORTISATION
At 1 November 2022 4,615
Charge for year 213
At 31 October 2023 4,828
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 213

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 35,882 17,502
Prepayments 303 -
36,185 17,502

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 3,600,000 -
Trade creditors 217,966 69,438
Other creditors 261,197 1,500
Accruals and deferred income 59,994 547,686
4,139,157 618,624

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 3,000,000 -
Other loans - 2-5 years 6,000,000 -
Grant-specific project phased 1,389,462 -
Amounts owed to group
undertakings and other
participating interests - 15,342,240
10,389,462 15,342,240

8. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided by companies where Mr T Spink, Mr D Holland and Mr J Turner are also directors amounted to - 2023 £260,697 (2022: £Nil).