| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| LOANWOOD LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2024 |
| FOR |
| LOANWOOD LIMITED |
| LOANWOOD LIMITED (REGISTERED NUMBER: SC404743) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 August 2024 |
| Page |
| Abridged Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| LOANWOOD LIMITED (REGISTERED NUMBER: SC404743) |
| ABRIDGED BALANCE SHEET |
| 31 August 2024 |
| 31.8.24 | 31.8.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| LOANWOOD LIMITED (REGISTERED NUMBER: SC404743) |
| ABRIDGED BALANCE SHEET - continued |
| 31 August 2024 |
| The financial statements were approved by the director and authorised for issue on |
| LOANWOOD LIMITED (REGISTERED NUMBER: SC404743) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 August 2024 |
| 1. | STATUTORY INFORMATION |
| Loanwood Limited is a |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Motor vehicles | - |
| Financial instruments |
| The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. |
| Basic financial instruments are initially recognised at transaction value and subsequently measured at their |
| settlement value. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| LOANWOOD LIMITED (REGISTERED NUMBER: SC404743) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 August 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 September 2023 |
| and 31 August 2024 |
| DEPRECIATION |
| At 1 September 2023 |
| and 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Totals |
| £ |
| COST |
| At 1 September 2023 |
| and 31 August 2024 | 30,543 |
| DEPRECIATION |
| At 1 September 2023 |
| and 31 August 2024 | 19,000 |
| NET BOOK VALUE |
| At 31 August 2024 | 11,543 |
| At 31 August 2023 | 11,543 |
| 5. | RELATED PARTY DISCLOSURES |
| Inter-company loans payable to Denaird Ltd total £30,825 (2023: £30,825). |
| Inter-company loans payable to Bonnyholm Ltd total £7,000 (2023: £7,000) |
| Inter-company loans due from JSL Care Ltd £98,433 (2023: £98,433) |
| 6. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| 7. | GOING CONCERN |
| The company will continue to trade, given the continued support of the bank, creditors & directors. |