Silverfin false false 30/11/2024 01/12/2023 30/11/2024 Mrs A J Thomas 06/01/2020 29 July 2025 The principal activity of the company during the financial year was that of agents for the sale and letting of residential properties. 05160868 2024-11-30 05160868 bus:Director1 2024-11-30 05160868 2023-11-30 05160868 core:CurrentFinancialInstruments 2024-11-30 05160868 core:CurrentFinancialInstruments 2023-11-30 05160868 core:ShareCapital 2024-11-30 05160868 core:ShareCapital 2023-11-30 05160868 core:RetainedEarningsAccumulatedLosses 2024-11-30 05160868 core:RetainedEarningsAccumulatedLosses 2023-11-30 05160868 core:PatentsTrademarksLicencesConcessionsSimilar 2023-11-30 05160868 core:PatentsTrademarksLicencesConcessionsSimilar 2024-11-30 05160868 core:FurnitureFittings 2023-11-30 05160868 core:FurnitureFittings 2024-11-30 05160868 bus:OrdinaryShareClass1 2024-11-30 05160868 bus:OrdinaryShareClass2 2024-11-30 05160868 2023-12-01 2024-11-30 05160868 bus:FilletedAccounts 2023-12-01 2024-11-30 05160868 bus:SmallEntities 2023-12-01 2024-11-30 05160868 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 05160868 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05160868 bus:Director1 2023-12-01 2024-11-30 05160868 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2023-12-01 2024-11-30 05160868 core:FurnitureFittings core:TopRangeValue 2023-12-01 2024-11-30 05160868 2022-12-01 2023-11-30 05160868 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-01 2024-11-30 05160868 core:FurnitureFittings 2023-12-01 2024-11-30 05160868 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 05160868 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 05160868 bus:OrdinaryShareClass2 2023-12-01 2024-11-30 05160868 bus:OrdinaryShareClass2 2022-12-01 2023-11-30 05160868 1 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05160868 (England and Wales)

NORTHWOOD PLYMOUTH LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

NORTHWOOD PLYMOUTH LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

NORTHWOOD PLYMOUTH LIMITED

BALANCE SHEET

As at 30 November 2024
NORTHWOOD PLYMOUTH LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 3,000 6,750
Tangible assets 4 85 275
3,085 7,025
Current assets
Debtors 5 208,807 162,678
Cash at bank and in hand 4,729 4,171
213,536 166,849
Creditors: amounts falling due within one year 6 ( 52,818) ( 34,266)
Net current assets 160,718 132,583
Total assets less current liabilities 163,803 139,608
Provision for liabilities ( 16) ( 69)
Net assets 163,787 139,539
Capital and reserves
Called-up share capital 7 200 200
Profit and loss account 163,587 139,339
Total shareholder's funds 163,787 139,539

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Northwood Plymouth Limited (registered number: 05160868) were approved and authorised for issue by the Director on 29 July 2025. They were signed on its behalf by:

Mrs A J Thomas
Director
NORTHWOOD PLYMOUTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
NORTHWOOD PLYMOUTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Northwood Plymouth Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3GW, United Kingdom. The principal place of business is 22 Sutton Road, Plymouth, Devon, PL4 0HN.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 4 3

3. Intangible assets

Trademarks, patents
and licences
Total
£ £
Cost
At 01 December 2023 48,000 48,000
At 30 November 2024 48,000 48,000
Accumulated amortisation
At 01 December 2023 41,250 41,250
Charge for the financial year 3,750 3,750
At 30 November 2024 45,000 45,000
Net book value
At 30 November 2024 3,000 3,000
At 30 November 2023 6,750 6,750

4. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 December 2023 56,018 56,018
At 30 November 2024 56,018 56,018
Accumulated depreciation
At 01 December 2023 55,743 55,743
Charge for the financial year 190 190
At 30 November 2024 55,933 55,933
Net book value
At 30 November 2024 85 85
At 30 November 2023 275 275

5. Debtors

2024 2023
£ £
Trade debtors 2,203 0
Amounts owed by Group undertakings 206,604 162,678
208,807 162,678

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 21,713 9,369
Corporation tax 17,999 16,536
Other taxation and social security 3,477 4,719
Other creditors 9,629 3,642
52,818 34,266

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 1.00 each 100 100
100 Ordinary B shares of £ 1.00 each 100 100
200 200

8. Financial commitments

Commitments

Capital commitments are as follows:

2024 2023
£ £
Contracted for but not provided for:
Other 41,667 14,138

9. Ultimate controlling party

Parent Company:

Northwood Plymouth Waterfront Limited, incorporated in England and Wales.
C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, Devon, United Kingdom, PL1 3RP

These financial statements are available on request from Companies House, Crown Way, Cardiff.