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REGISTERED NUMBER: 01844711 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

J H Greenwood Limited

J H Greenwood Limited (Registered number: 01844711)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J H Greenwood Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J H Greenwood





SECRETARY: Mrs A L Patrick





REGISTERED OFFICE: Abbeyfield Road
Lenton Industrial Estate
Nottingham
NG7 2SZ





REGISTERED NUMBER: 01844711 (England and Wales)





ACCOUNTANTS: Mellor Oxland LLP
Hine House
25 Regent Street
Nottingham
Nottinghamshire
NG1 5BS

J H Greenwood Limited (Registered number: 01844711)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,898,807 2,999,779
Investments 5 469,897 418,374
3,368,704 3,418,153

CURRENT ASSETS
Stocks 502,457 -
Debtors 6 10,167,841 6,649,673
Cash at bank 618,070 402,472
11,288,368 7,052,145
CREDITORS
Amounts falling due within one year 7 6,500,962 3,654,126
NET CURRENT ASSETS 4,787,406 3,398,019
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,156,110

6,816,172

CREDITORS
Amounts falling due after more than
one year

8

(2,650,700

)

(1,724,300

)

PROVISIONS FOR LIABILITIES (25,931 ) (30,233 )
NET ASSETS 5,479,479 5,061,639

J H Greenwood Limited (Registered number: 01844711)

Balance Sheet - continued
29 February 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 9 - 26,592
Retained earnings 5,469,479 5,025,047
SHAREHOLDERS' FUNDS 5,479,479 5,061,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 November 2024 and were signed by:





J H Greenwood - Director


J H Greenwood Limited (Registered number: 01844711)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

J H Greenwood 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 as modified by the revaluation of certain assets.

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 1 (2023 - 2 ) .

J H Greenwood Limited (Registered number: 01844711)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 March 2023 2,874,441 216,504 3,090,945
Additions - 201,242 201,242
Disposals - (250,104 ) (250,104 )
Revaluations (113,712 ) - (113,712 )
At 29 February 2024 2,760,729 167,642 2,928,371
DEPRECIATION
At 1 March 2023 - 91,166 91,166
Charge for year - 16,064 16,064
Eliminated on disposal - (77,666 ) (77,666 )
At 29 February 2024 - 29,564 29,564
NET BOOK VALUE
At 29 February 2024 2,760,729 138,078 2,898,807
At 28 February 2023 2,874,441 125,338 2,999,779

All freehold and leasehold property is held for investment and is included in these accounts at its open market value as determined by the director, J H Greenwood, as at the balance sheet date.

Cost or valuation at 29 February 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 (113,712 ) - (113,712 )
Cost 2,874,441 167,642 3,042,083
2,760,729 167,642 2,928,371

J H Greenwood Limited (Registered number: 01844711)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 March 2023 2 418,372 418,374
Revaluations - 51,523 51,523
At 29 February 2024 2 469,895 469,897
NET BOOK VALUE
At 29 February 2024 2 469,895 469,897
At 28 February 2023 2 418,372 418,374

Cost or valuation at 29 February 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 26,592 26,592
Valuation in 2024 - 51,523 51,523
Cost 2 391,780 391,782
2 469,895 469,897

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 99,331 100,341
Other debtors 9,493,510 5,974,332
9,592,841 6,074,673

Amounts falling due after more than one year:
Amounts owed by group undertakings 575,000 575,000

Aggregate amounts 10,167,841 6,649,673

J H Greenwood Limited (Registered number: 01844711)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 31,321
Taxation and social security 187,673 163,699
Other creditors 6,313,289 3,459,106
6,500,962 3,654,126

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 2,650,700 1,724,300

9. RESERVES
Revaluatio
reserve
£   
At 1 March 2023 26,592
Movement in year (26,592 )

At 29 February 2024 -

10. RELATED PARTY DISCLOSURES

Included in creditors are amounts of £3,620,075 (2023 £1,913,232) owed to Almadon Limited and £997,426 (2023 £nil) owed to Greenwood Nottingham Limited. These companies are under common control by the director. The loans are provided on an interest free basis and are repayable upon demand.

Included in long term creditors is an amount of £2,650,700 (2023 £1,724,300) owed to the director. The director is not currently charging interest on this loan but reserves the right to do so in the future.