Contents of the Financial Statements

for the Period Ended 31 May 2025

Directors' report period ended 31 May 2025

The directors present their report with the financial statements of the company for the period ended 31 May 2025

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 May 2025

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 October 2025

And signed on behalf of the board by:
Name: G J L Pettit
Status: Director

Profit And Loss Account

for the Period Ended 31 May 2025

Balance sheet

As at 31 May 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 May 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 May 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Other accounting policies

  1. Accounting Policies Company Information The Terrace (Woodford Green) Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 3 The Terrace, Woodford Green, IG8 0XS. (a) Accounting Convention These financial statements have been prepared in accordance with FRS 102: The Financial Repor>ng Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies’ regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in GBP, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest Pound (£) The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold land and to include investment properties and certain financial instruments at fair value. The principal accounting policies are set out below. (b) Income and expenditure Income and expenses are included in the financial statements as they become receivable or due. (c) Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold Land and Buildings - No Depreciation (d) Cash at Bank and in hand Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. (e) Taxation The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit. (f) Members' Liability The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

Notes to the Financial Statements

for the Period Ended 31 May 2025

• 2. Employees

  	17 months to 31 May 2025	2023
  Average number of employees during the period	0	0