EYWOOD LTD
REGISTERED NUMBER: 09494052
STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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For the year ended 31 July 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 March 2025.
The notes on pages 2 to 3 form part of these financial statements.
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EYWOOD LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
Eywood Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS.
The company is the ultimate parent of a large group. Its principal subsidiary company, L.K. Bennett Limited is in liquidation. Consolidated financial statements have therefore not been prepared as there are now severe long term restrictions in place which substantially hinder the exercise of the rights over the assets of the subsidiary undertaking. The financial statements therefore relate to the company as an individual entity only.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 company shows net liabilities at the reporting date of £4,101,321 (2023: £4,101,321). In order to continue trading it is dependent on the continued financial support from its director, Mrs L K Harley, who has confirmed her intention to continue to provide financial support to the company for the foreseeable future. On this basis the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of the aforementioned support.
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Judgments in applying accounting policies and key sources of estimation uncertainty
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The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
Accruals
The company makes an estimate of accruals at the year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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EYWOOD LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
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Related party transactions
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At the reporting date, the company owed £4,098,921 (2023: £4,098,921) to Mrs L K Harley. The balance was provided interest free and has no fixed repayment terms.
The company has taken advantage of the exemption in FRS 102 from the requirement to disclose transactions with group companies on the grounds that the group company is a wholly owned subsidiary. The company has not entered into any other transactions with related parties that are material and that have not been concluded under normal market conditions.
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