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REGISTERED NUMBER: 01043228 (England and Wales)














F L GREENWOOD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






F L GREENWOOD LIMITED (REGISTERED NUMBER: 01043228)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


F L GREENWOOD LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: Mr W S Greenwood
G L Greenwood
M W White





SECRETARY: W S Greenwood





REGISTERED OFFICE: 36 Greenway
Campton
Shefford
Bedford
Bedfordshire
SG17 5BN





REGISTERED NUMBER: 01043228 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

F L GREENWOOD LIMITED (REGISTERED NUMBER: 01043228)

STATEMENT OF FINANCIAL POSITION
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 1,153,892 1,235,879
1,153,892 1,235,879

CURRENT ASSETS
Debtors 7 36,396 23,909
Cash at bank 7,364 14,263
43,760 38,172
CREDITORS
Amounts falling due within one year 8 24,971 24,274
NET CURRENT ASSETS 18,789 13,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,172,681

1,249,777

PROVISIONS FOR LIABILITIES 50,980 50,798
NET ASSETS 1,121,701 1,198,979

CAPITAL AND RESERVES
Called up, paid and allotted share capital 134 134
Share premium 9 118,966 118,966
Non-distributable reserve 9 508,910 591,079
Retained earnings 9 493,691 488,800
SHAREHOLDERS' FUNDS 1,121,701 1,198,979

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

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

F L GREENWOOD LIMITED (REGISTERED NUMBER: 01043228)

STATEMENT OF FINANCIAL POSITION - continued
31 August 2024


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 18 February 2025 and were signed on its behalf by:





Mr W S Greenwood - Director


F L GREENWOOD LIMITED (REGISTERED NUMBER: 01043228)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

F L 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% 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.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

F L GREENWOOD LIMITED (REGISTERED NUMBER: 01043228)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 4,620
DEPRECIATION
At 1 September 2023
and 31 August 2024 4,620
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 1,235,879
Revaluations (81,987 )
At 31 August 2024 1,153,892
NET BOOK VALUE
At 31 August 2024 1,153,892
At 31 August 2023 1,235,879

Investment properties were valued on an open market basis on 31 August 2024 by the directors.

If investment properties had not been revalued they would have been included at historical cost totalling £594,002.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,472 19,810
Other debtors 26,924 4,099
36,396 23,909

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 14,362 14,332
Other creditors 10,609 9,942
24,971 24,274

F L GREENWOOD LIMITED (REGISTERED NUMBER: 01043228)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

9. RESERVES
Retained Share Non-distributable
earnings premium reserve Totals
£    £    £    £   

At 1 September 2023 488,800 118,966 591,079 1,198,845
Deficit for the year (27,778 ) (27,778 )
Dividends (49,500 ) (49,500 )
Transfer between reserves 82,169 - (82,169 ) -
At 31 August 2024 493,691 118,966 508,910 1,121,567

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
M W White
Balance outstanding at start of year - -
Amounts advanced 24,745 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,745 -

11. RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company which are interest free and repayable on demand. Transactions for one of the loans can be found in the table above. At the year end, the company owed one of the directors £1,753 and another director was owed £4,546.