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Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Northwood Kingston Limited

Northwood Kingston Limited (Registered number: 05641585)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Northwood Kingston Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S M Rose
Mrs J Rose





REGISTERED OFFICE: 252 Chessington Road
Ewell
Epsom
Surrey
KT19 9XF





REGISTERED NUMBER: 05641585 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Northwood Kingston Limited (Registered number: 05641585)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 174,900 200,700
Tangible assets 5 16,444 5,108
Investments 6 972,594 140,774
1,163,938 346,582

CURRENT ASSETS
Debtors 7 15,244 1,306
Cash at bank 111,874 89,035
127,118 90,341
CREDITORS
Amounts falling due within one year 8 846,932 93,665
NET CURRENT LIABILITIES (719,814 ) (3,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,124

343,258

CREDITORS
Amounts falling due after more than one
year

9

264,605

191,549
NET ASSETS 179,519 151,709

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 179,419 151,609
SHAREHOLDERS' FUNDS 179,519 151,709

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:



S M Rose - Director


Northwood Kingston Limited (Registered number: 05641585)

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


1. STATUTORY INFORMATION

Northwood Kingston 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.

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

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

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

Northwood Kingston Limited (Registered number: 05641585)

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


4. INTANGIBLE FIXED ASSETS
Customer
Goodwill base Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 136,233 213,000 349,233
AMORTISATION
At 1 January 2024 127,233 21,300 148,533
Amortisation for year 4,500 21,300 25,800
At 31 December 2024 131,733 42,600 174,333
NET BOOK VALUE
At 31 December 2024 4,500 170,400 174,900
At 31 December 2023 9,000 191,700 200,700

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 8,060 36,483 14,968 - 59,511
Additions - 4,459 - 12,000 16,459
At 31 December 2024 8,060 40,942 14,968 12,000 75,970
DEPRECIATION
At 1 January 2024 8,060 31,723 14,620 - 54,403
Charge for year - 2,975 348 1,800 5,123
At 31 December 2024 8,060 34,698 14,968 1,800 59,526
NET BOOK VALUE
At 31 December 2024 - 6,244 - 10,200 16,444
At 31 December 2023 - 4,760 348 - 5,108

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024 140,774
Additions 831,820
At 31 December 2024 972,594
NET BOOK VALUE
At 31 December 2024 972,594
At 31 December 2023 140,774

Northwood Kingston Limited (Registered number: 05641585)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,250 -
Prepayments 9,994 1,306
15,244 1,306

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 79,790 33,985
Tax 5,937 9,264
Social security and other taxes 630 425
VAT 6,428 4,788
Other creditors 36,513 -
Amounts due to Jackson Noon 561,670 -
Directors' current accounts 109,242 26,439
Deferred income 27,782 -
Accrued expenses 18,940 18,764
846,932 93,665

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 264,605 191,549

Amounts falling due in more than five years:

Repayable by instalments
Bank Loan more than 5 years 3,332 9,720

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 79,790 33,985

Amounts falling due between one and two years:
Bank loans - 1-2 years 91,737 38,333

Amounts falling due between two and five years:
Bank loans - 2-5 years 169,536 143,496

Amounts falling due in more than five years:

Repayable by instalments
Bank Loan more than 5 years 3,332 9,720

The company took out a Bounce Back Loan in Jun-20.

11. ULTIMATE CONTROLLING PARTY

The controlling party is S M Rose.