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REGISTERED NUMBER: 06798077 (England and Wales)
















MASTERWOOD GB LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






MASTERWOOD GB LTD (REGISTERED NUMBER: 06798077)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MASTERWOOD GB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: C Alexander
D Kennard





SECRETARY: M Kennard





REGISTERED OFFICE: Unit 2 Lakeview Stables
Lower St Clere
Kemsing
Kent
TN15 6NL





REGISTERED NUMBER: 06798077 (England and Wales)





ACCOUNTANTS: Lakeview Southern Limited
Chartered Accountants
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

MASTERWOOD GB LTD (REGISTERED NUMBER: 06798077)

BALANCE SHEET
31 JANUARY 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,411 27,214

CURRENT ASSETS
Stocks 219,577 494,037
Debtors 5 25,184 59,553
Cash at bank 203,720 42,102
448,481 595,692
CREDITORS
Amounts falling due within one year 6 231,925 386,036
NET CURRENT ASSETS 216,556 209,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,967

236,870

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 236,965 236,868
SHAREHOLDERS' FUNDS 236,967 236,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

MASTERWOOD GB LTD (REGISTERED NUMBER: 06798077)

BALANCE SHEET - continued
31 JANUARY 2025


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 13 July 2025 and were signed on its behalf by:





D Kennard - Director


MASTERWOOD GB LTD (REGISTERED NUMBER: 06798077)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Masterwood GB Ltd 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

MASTERWOOD GB LTD (REGISTERED NUMBER: 06798077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 115,643
DEPRECIATION
At 1 February 2024 88,429
Charge for year 6,803
At 31 January 2025 95,232
NET BOOK VALUE
At 31 January 2025 20,411
At 31 January 2024 27,214

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors - 20,834
Amounts owed by group undertakings 375 375
Other debtors 24,809 38,344
25,184 59,553

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 55,880 210,926
Amounts owed to group undertakings 105,947 105,012
Other creditors 70,098 70,098
231,925 386,036

7. RELATED PARTY DISCLOSURES

At the year end the company owed Masterwood GB Services Ltd £105,947 (2024: £105,012), a company under the common control of the directors. The company was owed £375 (2024: £375) by Masterwood GB Holdings Ltd.

8. CONTROL

The ultimate controlling parties are the directors who own 100% of the shares in the holding company, Masterwood GB Holdings Limited.