IRIS Accounts Production v24.3.0.553 10338031 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103380312023-01-31103380312024-01-31103380312023-02-012024-01-31103380312022-01-31103380312022-02-012023-01-31103380312023-01-3110338031ns15:EnglandWales2023-02-012024-01-3110338031ns14:PoundSterling2023-02-012024-01-3110338031ns10:Director12023-02-012024-01-3110338031ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3110338031ns10:SmallEntities2023-02-012024-01-3110338031ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3110338031ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3110338031ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3110338031ns10:FullAccounts2023-02-012024-01-3110338031ns10:Director22023-02-012024-01-3110338031ns10:RegisteredOffice2023-02-012024-01-3110338031ns5:CurrentFinancialInstruments2024-01-3110338031ns5:CurrentFinancialInstruments2023-01-3110338031ns5:Non-currentFinancialInstruments2024-01-3110338031ns5:Non-currentFinancialInstruments2023-01-3110338031ns5:ShareCapital2024-01-3110338031ns5:ShareCapital2023-01-3110338031ns5:SharePremium2024-01-3110338031ns5:SharePremium2023-01-3110338031ns5:RetainedEarningsAccumulatedLosses2024-01-3110338031ns5:RetainedEarningsAccumulatedLosses2023-01-3110338031ns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-012024-01-3110338031ns5:LeaseholdImprovements2023-02-012024-01-3110338031ns5:FurnitureFittings2023-02-012024-01-3110338031ns5:MotorVehicles2023-02-012024-01-3110338031ns5:ComputerEquipment2023-02-012024-01-3110338031ns5:LandBuildings2023-01-3110338031ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-3110338031ns5:LeaseholdImprovements2023-01-3110338031ns5:LandBuildings2023-02-012024-01-3110338031ns5:LandBuildings2024-01-3110338031ns5:ShortLeaseholdAssetsns5:LandBuildings2024-01-3110338031ns5:LeaseholdImprovements2024-01-3110338031ns5:LandBuildings2023-01-3110338031ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-3110338031ns5:LeaseholdImprovements2023-01-3110338031ns5:FurnitureFittings2023-01-3110338031ns5:MotorVehicles2023-01-3110338031ns5:ComputerEquipment2023-01-3110338031ns5:FurnitureFittings2024-01-3110338031ns5:MotorVehicles2024-01-3110338031ns5:ComputerEquipment2024-01-3110338031ns5:FurnitureFittings2023-01-3110338031ns5:MotorVehicles2023-01-3110338031ns5:ComputerEquipment2023-01-3110338031ns5:CostValuation2023-01-3110338031ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3110338031ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3110338031ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-01-3110338031ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3110338031ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3110338031ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3110338031ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3110338031ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-31
REGISTERED NUMBER: 10338031 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 January 2024

for

Astwold Limited

Astwold Limited (Registered number: 10338031)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Astwold Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M S Whitney
C A Whitney





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP





REGISTERED NUMBER: 10338031 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Astwold Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Astwold Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Astwold Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Astwold Limited and state those matters that we have agreed to state to the Board of Directors of Astwold Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Astwold Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Astwold Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Astwold Limited. You consider that Astwold Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Astwold Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


31 October 2024

Astwold Limited (Registered number: 10338031)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 194,701 155,697
Investments 5 165,825 165,825
Investment property 6 511,700 511,700
872,226 833,222

CURRENT ASSETS
Stocks 24,426 4,500
Debtors 7 25,472 902
Cash at bank 42,891 106,738
92,789 112,140
CREDITORS
Amounts falling due within one year 8 149,107 122,848
NET CURRENT LIABILITIES (56,318 ) (10,708 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

815,908

822,514

CREDITORS
Amounts falling due after more than
one year

9

(290,448

)

(262,262

)

PROVISIONS FOR LIABILITIES (10,790 ) (5,457 )
NET ASSETS 514,670 554,795

Astwold Limited (Registered number: 10338031)

Balance Sheet - continued
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 165 165
Share premium 164,935 164,935
Retained earnings 349,570 389,695
514,670 554,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 31 October 2024 and were signed on its behalf by:





M S Whitney - Director


Astwold Limited (Registered number: 10338031)

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


1. STATUTORY INFORMATION

Astwold 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 recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales. The following criteria must also be met before turnover is recognised:

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
. The amount of turnover can be measured reliably;
. Is is probable that the Company will receive the consideration due under the contract;
. The stage of completion of the contract at the end of the reporting period can be measured reliably; and
. The costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Farm Buildings - 2% on cost
Plant & Machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


Astwold Limited (Registered number: 10338031)

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


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.

Hire purchase and leasing commitments
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 2 (2023 - 2 ) .

Astwold Limited (Registered number: 10338031)

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


4. TANGIBLE FIXED ASSETS
Farm Plant &
Land Buildings Machinery
£    £    £   
COST
At 1 February 2023 90,000 25,000 26,751
Additions - 15,978 8,324
At 31 January 2024 90,000 40,978 35,075
DEPRECIATION
At 1 February 2023 - 1,500 10,688
Charge for year - 819 8,769
At 31 January 2024 - 2,319 19,457
NET BOOK VALUE
At 31 January 2024 90,000 38,659 15,618
At 31 January 2023 90,000 23,500 16,063

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 97,750 8,000 6,296 253,797
Additions - 59,047 670 84,019
At 31 January 2024 97,750 67,047 6,966 337,816
DEPRECIATION
At 1 February 2023 75,063 8,000 2,849 98,100
Charge for year 19,448 14,762 1,217 45,015
At 31 January 2024 94,511 22,762 4,066 143,115
NET BOOK VALUE
At 31 January 2024 3,239 44,285 2,900 194,701
At 31 January 2023 22,687 - 3,447 155,697

Astwold Limited (Registered number: 10338031)

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


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 165,825
NET BOOK VALUE
At 31 January 2024 165,825
At 31 January 2023 165,825

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 511,700
NET BOOK VALUE
At 31 January 2024 511,700
At 31 January 2023 511,700

The directors consider the fair value of the investment property to be materially accurate at the balance sheet date.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 21,412 855
Other debtors 150 -
VAT 3,774 -
Prepayments and accrued income 136 47
25,472 902

Astwold Limited (Registered number: 10338031)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 5,580 5,580
Hire purchase contracts 18,448 -
Trade creditors 11,151 4,526
Corporation tax 9,327 13,032
Social security and other taxes - 136
VAT - 14,126
Other creditors 5,145 4,452
Directors' current accounts 96,706 78,081
Accruals and deferred income 2,750 2,915
149,107 122,848

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 13,117 5,580
Bank loans - 2-5 years 35,430 16,740
Bank loans more than 5 years 208,137 239,942
Hire purchase contracts 33,764 -
290,448 262,262

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 208,137 239,942

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 52,212 -

The hire purchase creditor is secured on the assets to which it relates.

Astwold Limited (Registered number: 10338031)

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


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid

Number:

Class:

Nominal
Value:

2024


2023
£ £
145 A Ordinary £1 145 145
10 B Ordinary £1 10 10
5 C Ordinary £1 5 5
5 D Ordinary £1 5 5
165 165 165