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REGISTERED NUMBER: 03385613 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

Surgeforward Limited

Surgeforward Limited (Registered number: 03385613)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Surgeforward Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr M G M Wicks
Mrs J E Wicks





SECRETARY: Mr M G M Wicks





REGISTERED OFFICE: Hazlewood Castle Paradise Lane
Hazlewood
Tadcaster
Leeds
North Yorkshire
LS24 9NJ





REGISTERED NUMBER: 03385613 (England and Wales)





AUDITORS: Harris & Co Limited
Chartered Accountants & Statutory Auditor
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Surgeforward Limited (Registered number: 03385613)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,949,832 6,949,986

CREDITORS
Amounts falling due within one year 6 1,840 3,940
NET CURRENT LIABILITIES (1,840 ) (3,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,947,992

6,946,046

CREDITORS
Amounts falling due after more than one
year

7

(2,708,818

)

(2,723,825

)

PROVISIONS FOR LIABILITIES (639,970 ) (620,901 )
NET ASSETS 3,599,204 3,601,320

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Revaluation reserve 9 3,525,323 3,544,392
Retained earnings 9 72,881 55,928
SHAREHOLDERS' FUNDS 3,599,204 3,601,320

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





Mr M G M Wicks - Director


Surgeforward Limited (Registered number: 03385613)

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

1. STATUTORY INFORMATION

Surgeforward 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.

Both the presentation currency of the financial statements and the functional currency is the £ 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
These financial statements have been prepared in accordance with the provisions of Section 1A " Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of freehold property.

The Financial Statements also comply with the financial reporting standards of the Accounting Standards Board.

Going concern

The Company's financial projections indicate that it has access to sufficient facilities and funds to
operate for at least the next 12 months on the basis that its bankers and the director shareholders continue to be supportive and will continue to provide financial support when required. Accordingly, the directors have a reasonable expectation that the company has adequate financial resources to continue in operational existence for the foreseeable future and so the financial statements are prepared on a going concern basis.

Significant judgements and estimates
The significant judgements and estimates applied in the preparation of these financial statements are the going concern basis and the valuation and useful lives of tangible fixed assets. These, and other policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

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 - 20% on cost straight line and 5% on cost straight line
Fixtures and fittings - 20% on reducing balance

All fixed assets are initially recorded at cost.

No depreciation is provided in respect of freehold land and buildings as they are kept in a continual good state of repair. The directors of the company consider that this accounting policy is necessary for the accounts to show a true and fair view. An annual impairment review of non-depreciated assets assets is carried out in accordance with FRS102.

4. EMPLOYEES AND DIRECTORS

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

Surgeforward Limited (Registered number: 03385613)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 October 2022
and 30 September 2023 6,949,215 469,681 197,727 7,616,623
DEPRECIATION
At 1 October 2022 - 469,681 196,956 666,637
Charge for year - - 154 154
At 30 September 2023 - 469,681 197,110 666,791
NET BOOK VALUE
At 30 September 2023 6,949,215 - 617 6,949,832
At 30 September 2022 6,949,215 - 771 6,949,986

The company's trading property, which operates as a hotel, was subject to an external professional valuation as at 30 September 2022 carried out by Savills (UK) Limited, a firm of Chartered Surveyors. The valuation was on an open market basis as an operational entity having regard to trading potential and including fixtures and fittings. The valuation was incorporated into the 2022 accounts by revaluing tangible fixed assets and taking into account the hotel's fixtures & fittings included in other group companies.

In respect of certain fixed assets stated at valuations, the comparable historical cost is as follows:

20232022
£   £   
Historical cost2,783,9222,783,922

No depreciation has been charged in either 2023 or 2022.


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 2,100
Other creditors 1,840 1,840
1,840 3,940

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 2,708,818 2,723,825

Surgeforward Limited (Registered number: 03385613)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES

Reserves consist of the following:

Retained earnings represents the company's cumulative distributable reserves.

Revaluation reserve represents the company's cumulative reserves relating to the revaluation of freehold property, less deferred tax.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Tom Garner CA CTA (Senior Statutory Auditor)
for and on behalf of Harris & Co Limited

11. CONTINGENT LIABILITIES

The company has entered into multi-lateral cross guarantee arrangements in respect of the bank borrowings of its parent company, Ashdale UK Limited and fellow subsidiaries of Ashdale UK Limited. The cross guarantees are supported by fixed and floating charges over the group's freehold property and other assets. At 30 September 2023 the company's liability under these arrangements was £5,417,162 (2022: £5,483,906).

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M G M Wicks.

The company is a wholly owned subsidiary of Northern Touch Limited. The ultimate holding company is Ashdale UK Limited, a company incorporated in England and Wales, and for which consolidated group accounts are prepared and delivered.