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REGISTERED NUMBER: 04407683 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Northwood Cardiff Limited

Northwood Cardiff Limited (Registered number: 04407683)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northwood Cardiff Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs K L Gwinnutt
P Sergeant
Mrs J Sergeant





SECRETARY: Mrs J Sergeant





REGISTERED OFFICE: 1a/1b Heol Y Deri
Rhiwbina
Cardiff
CF14 6HA





REGISTERED NUMBER: 04407683 (England and Wales)





ACCOUNTANTS: Norton Eddins Ltd
7 Ty Nant Court
Morganstown
Cardiff
CF15 8LW

Northwood Cardiff Limited (Registered number: 04407683)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 250,000 250,000
Tangible assets 5 359,407 362,066
609,407 612,066

CURRENT ASSETS
Debtors 6 150 150
Cash at bank and in hand 403,271 327,232
403,421 327,382
CREDITORS
Amounts falling due within one year 7 (117,190 ) (99,702 )
NET CURRENT ASSETS 286,231 227,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

895,638

839,746

CREDITORS
Amounts falling due after more than one
year

8

(32,906

)

(48,218

)

PROVISIONS FOR LIABILITIES (1,131 ) (1,636 )
NET ASSETS 861,601 789,892

CAPITAL AND RESERVES
Called up share capital 1,050 1,050
Revaluation reserve 216,300 216,300
Retained earnings 644,251 572,542
SHAREHOLDERS' FUNDS 861,601 789,892

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

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

Northwood Cardiff Limited (Registered number: 04407683)

Balance Sheet - continued
31 May 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:





Mrs K L Gwinnutt - Director


Northwood Cardiff Limited (Registered number: 04407683)

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

1. STATUTORY INFORMATION

Northwood Cardiff 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.

Changes in accounting policies
During the year, the directors decided to change the intangible asset policy as described below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. Intangible assets are then carried at the revalued amount, being the fair value at the date of revaluation less any subsequent accumulated amortisation and impairment losses.

The fair value of the revalued intangible asset can no longer be determined by reference to an active market therefore the carrying amount is the revalued amount at the last revaluation date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 25% on reducing balance

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.

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.

Northwood Cardiff Limited (Registered number: 04407683)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 June 2023
and 31 May 2024 250,000
NET BOOK VALUE
At 31 May 2024 250,000
At 31 May 2023 250,000

Cost or valuation at 31 May 2024 is represented by:

Other
intangible
assets
£   
Valuation in 2024 250,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 353,457 65,033 418,490
Additions - 4,179 4,179
At 31 May 2024 353,457 69,212 422,669
DEPRECIATION
At 1 June 2023 - 56,424 56,424
Charge for year - 6,838 6,838
At 31 May 2024 - 63,262 63,262
NET BOOK VALUE
At 31 May 2024 353,457 5,950 359,407
At 31 May 2023 353,457 8,609 362,066

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 150 150

Northwood Cardiff Limited (Registered number: 04407683)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Security deposits held 7,744 14,566
Trade creditors 379 97
Taxation and social security 55,506 32,525
Other creditors 53,561 52,514
117,190 99,702

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors 32,906 48,218