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COMPANY REGISTRATION NUMBER: 13486566
HEYWOOD TIMBER HOLDINGS LIMITED
FILLETED FINANCIAL STATEMENTS
31 October 2023
HEYWOOD TIMBER HOLDINGS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2023
Contents
Page
Balance sheet 1
Notes to the financial statements 2
HEYWOOD TIMBER HOLDINGS LIMITED
BALANCE SHEET
31 October 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
3,517,500
3,517,500
Current assets
Debtors
5
100
100
Creditors: amounts falling due within one year
6
2,351,651
2,351,651
------------
------------
Net current liabilities
2,351,551
2,351,551
------------
------------
Total assets less current liabilities
1,165,949
1,165,949
------------
------------
Capital and reserves
Called up share capital
7
125
125
Share premium account
1,165,824
1,165,824
------------
------------
Shareholders funds
1,165,949
1,165,949
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 20 January 2025 , and are signed on behalf of the board by:
J D Mayo Director
Company registration number: 13486566
HEYWOOD TIMBER HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Level 3, 12 St Georges Square, Huddersfield, West Yorkshire, HD1 1JF.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The entity has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of the United Kingdom.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Investments
Shares in group undertakings
£
Cost
At 1 November 2022 and 31 October 2023
3,517,500
------------
Impairment
At 1 November 2022 and 31 October 2023
------------
Carrying amount
At 31 October 2023
3,517,500
------------
At 31 October 2022
3,517,500
------------
The company owns the whole of the issued share capital of Heywood Rooftruss Company Limited.
5. Debtors
2023
2022
£
£
Other debtors
100
100
------------
------------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
2,351,651
2,351,651
------------
------------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary A shares of £ 0.01 each
10,000
100
Ordinary B shares of £ 0.01 each
3,521
35
2,500
25
Ordinary C shares of £ 0.01 each
8,979
90
------------
------------
------------
------------
12,500
125
12,500
125
------------
------------
------------
------------
During the period the share capital was reclassified as set out above.
8. Summary audit opinion
The auditor's report dated 20 January 2025 was unqualified .
The senior statutory auditor was David Martin Butterworth , for and on behalf of Wheawill & Sudworth Limited .
9. Control
The company is a subsidiary of Heywood Development Capital Limited. There is no one controlling party of this company.