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REGISTERED NUMBER: 07145284 (England and Wales)



















Financial Statements

for the Year Ended 31 March 2024

for

Herbert Woods Enterprises
Limited

Herbert Woods Enterprises
Limited (Registered number: 07145284)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Herbert Woods Enterprises
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J A Butler
J F Brunning
Mrs E M Butler





REGISTERED OFFICE: Broads Haven Bridge Road
Potter Heigham
Great Yarmouth
Norfolk
NR29 5JD





REGISTERED NUMBER: 07145284 (England and Wales)





AUDITORS: Lovewell Blake LLP
Statutory Auditors
Bankside 300
Peachman Way
Broadland Business Park
Norwich
Norfolk
NR7 0LB

Herbert Woods Enterprises
Limited (Registered number: 07145284)

Balance Sheet
31 March 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,811 78,629
Investments 5 4,925,781 4,589,331
4,995,592 4,667,960

CURRENT ASSETS
Debtors 6 281,287 285,285
Cash at bank 43,626 60,317
324,913 345,602
CREDITORS
Amounts falling due within one year 7 118,848 276,271
NET CURRENT ASSETS 206,065 69,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,201,657

4,737,291

PROVISIONS FOR LIABILITIES 17,453 19,657
NET ASSETS 5,184,204 4,717,634

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,184,104 4,717,534
SHAREHOLDERS' FUNDS 5,184,204 4,717,634

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 Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:




J A Butler - Director


Herbert Woods Enterprises
Limited (Registered number: 07145284)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Herbert Woods Enterprises 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.

The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

Going concern
The directors have prepared the accounts using the going concern basis.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

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 etc - 10% on cost

Investments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss.

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 balance sheet date.


Herbert Woods Enterprises
Limited (Registered number: 07145284)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

Investments
Investments are initially measured at cost, and subsequently measured at cost less any accumulated impairment losses.

Provision for liabilities
Provisions are recognised when the group has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Other operating income
Other operating income represents the profit shares receivable from LLPs based on the company’s entitlement to them from LLPs of which the company is a member.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2023 - 71 ) .

Herbert Woods Enterprises
Limited (Registered number: 07145284)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 88,182
DEPRECIATION
At 1 April 2023 9,553
Charge for year 8,818
At 31 March 2024 18,371
NET BOOK VALUE
At 31 March 2024 69,811
At 31 March 2023 78,629

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
as restated
£    £   
Balance b/fwd 4,589,331 3,837,370
Capital introduced 336,450 751,961
4,925,781 4,589,331

Fixed Asset Investments represents the company's capital account balances in Herbert Woods LLP of £4,598,137 (2023: £4,284,455), Waterside Estate Agency LLP of £280,214 (2023: £267,463) and Waterside Holiday Direct LLP of £47,430 (2023: £37,413) respectively.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Amounts recoverable on contract 275,127 285,285
Other debtors 6,160 -
281,287 285,285

Herbert Woods Enterprises
Limited (Registered number: 07145284)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 4,306 2,533
Tax 32,623 181,428
Social security and other taxes 23,375 22,751
Pension Fund 4,144 4,468
Accruals and deferred income 54,400 65,091
118,848 276,271

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

The auditors report for the year ended 31 March 2024 was unqualified with no emphasis of matter.

The senior statutory auditor was Steven Scarlett FCA, for and on behalf of Lovewell Blake LLP.

9. CONTINGENT LIABILITIES

There is a cross guarantee in place with Herbert Woods LLP, whose bank loan balances totals £5,435,279 (2023: £6,006,810).