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REGISTERED NUMBER: 11997752 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GENTILWOOD LIMITED

GENTILWOOD LIMITED (REGISTERED NUMBER: 11997752)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


GENTILWOOD LIMITED (REGISTERED NUMBER: 11997752)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 2 3
Tangible assets 5 4,263,722 4,568,697
4,263,724 4,568,700

CURRENT ASSETS
Stocks 14,200 14,200
Debtors 6 22,917 35,349
Cash at bank 320,234 133,475
357,351 183,024
CREDITORS
Amounts falling due within one year 7 (1,172,406 ) (1,713,719 )
NET CURRENT LIABILITIES (815,055 ) (1,530,695 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,448,669

3,038,005

CREDITORS
Amounts falling due after more than one year 8 (1,967,911 ) (2,253,429 )
NET ASSETS 1,480,758 784,576

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 1,480,747 784,565
SHAREHOLDERS' FUNDS 1,480,758 784,576

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

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

GENTILWOOD LIMITED (REGISTERED NUMBER: 11997752)

BALANCE SHEET - continued
31 DECEMBER 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 26 September 2024 and were signed on its behalf by:





Mrs J Haines - Director


GENTILWOOD LIMITED (REGISTERED NUMBER: 11997752)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Gentilwood Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11997752

Registered office: 100 Dunyeats Road
Broadstone
Dorset
BH18 8AL

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.

Related party exemption
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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 5% on reducing balance
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


GENTILWOOD LIMITED (REGISTERED NUMBER: 11997752)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

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 88 (2022 - 85 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 4
AMORTISATION
At 1 January 2023 1
Charge for year 1
At 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 3

GENTILWOOD LIMITED (REGISTERED NUMBER: 11997752)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 5,303,999 207,586 5,511,585
Additions - 11,087 11,087
At 31 December 2023 5,303,999 218,673 5,522,672
DEPRECIATION
At 1 January 2023 850,708 92,180 942,888
Charge for year 300,250 15,812 316,062
At 31 December 2023 1,150,958 107,992 1,258,950
NET BOOK VALUE
At 31 December 2023 4,153,041 110,681 4,263,722
At 31 December 2022 4,453,291 115,406 4,568,697

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 23,251
Other debtors 22,917 12,098
22,917 35,349

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 530,028 358,992
Trade creditors 200,984 177,846
Taxation and social security 366,120 249,283
Other creditors 75,274 927,598
1,172,406 1,713,719

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,767,911 1,294,275
Other creditors 200,000 959,154
1,967,911 2,253,429

GENTILWOOD LIMITED (REGISTERED NUMBER: 11997752)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 200,000 959,154

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,297,939 1,653,267

The company's bank debts are secured by a fixed and floating charge over the company's assets.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st December 2023 the company owed £256,716 (31st December 2022- £1,881,460) to the directors of the company. The loan is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr and Mrs P Jessup by virtue of their 72.7% ownership of the issued ordinary share capital in the company.