Company registration number 09898839 (England and Wales)
HENWOOD GREEN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
HENWOOD GREEN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
HENWOOD GREEN LIMITED (REGISTERED NUMBER: 09898839)
BALANCE SHEET
AS AT 30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
3,073,785
3,249,450
Debtors
3
759,164
759,164
Investments
4
299,596
-
0
Cash at bank and in hand
656,271
1,237
4,788,816
4,009,851
Creditors: amounts falling due within one year
5
(4,367,691)
(4,022,811)
Net current assets/(liabilities)
421,125
(12,960)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
421,124
(12,961)
Total equity
421,125
(12,960)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 30 January 2025
Mr M J P Sturgeon
Director
HENWOOD GREEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Henwood Green Limited is a private company limited by shares incorporated in England and Wales. The registered office is 32-34 Henwood Green Road, Pembury, Kent, TN2 4LG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents income derived from the company's property development activities and is shown net of VAT.

1.3
Stocks

Work in progress is valued the lower of cost and net realisable value.

 

Cost included all direct expenditure and an appropriate proportion of fixed and variable overheads.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.6
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

HENWOOD GREEN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
759,164
759,164
4
Current asset investments
2024
2023
£
£
Other investments
299,596
-
0
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,511
2,511
Taxation and social security
139,195
-
0
Other creditors
4,225,985
4,020,300
4,367,691
4,022,811
6
Related party transactions

As at the balance sheet date £693,860 (2023: £693,860) was owed to a company connected to key management personnel. The loan is interest free, repayable on demand and included in other creditors.

 

As at the balance sheet date £3,266,761 (2023: £2,994,609) was owed to a company connected to key management personnel. The loan is interest free, repayable on demand and included in other creditors

 

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