FIRWOOD ESTATES LIMITED


Directors	WHITE, Anna Jane
	WHITE, Marcos, Dr


Company Secretary	WHITE, Anna Jane


Registered Address	6-8 Wormalds Yard
	King Street
	Huddersfield
	HD1 2QR


Registered Number	04351902 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		15,276		17,971
Investment property	4		500,000		500,000
			515,276		517,971
Current assets
Debtors	5	31,179		47,855
Cash at bank and on hand		1,266		109
		32,445		47,964
Creditors amounts falling due within one year	6	(49,247)		(47,288)
Net current assets (liabilities)			(16,802)		676
Total assets less current liabilities			498,474		518,647
Creditors amounts falling due after one year	7		(441,769)		(462,778)
Provisions for liabilities			(10,819)		(11,155)
Net assets			45,886		44,714
Capital and reserves
Called up share capital			2		2
Revaluation reserve			37,181		37,181
Profit and loss account			8,703		7,531
Shareholders' funds	10		45,886		44,714

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 14 October 2025, and are signed on its behalf by:

WHITE, Marcos, Dr
Director
Registered Company No. 04351902

FIRWOOD ESTATES LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Current 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.

Current 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.

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.

	Tangible fixed assets and depreciation
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


		Reducing balance (%)
	Plant and machinery	15
	Fixtures and fittings	15
	Office Equipment	15

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	269,078	24,005	22,222	315,305
At 31 March 25	269,078	24,005	22,222	315,305
Depreciation and impairment
At 01 April 24	253,802	22,454	21,078	297,334
Charge for year	2,291	232	172	2,695
At 31 March 25	256,093	22,686	21,250	300,029
Net book value
At 31 March 25	12,985	1,319	972	15,276
At 31 March 24	15,276	1,551	1,144	17,971

4.	Investment property
	Fair value at 31 March 2025 is represented by: Valuation in 2025: £500,000.


		£
	Fair value at 01 April 24	500,000
	At 31 March 25	500,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	31,179	47,855
Total	31,179	47,855

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	23,361	21,754
Taxation and social security	2,020	1,628
Other creditors	23,866	23,906
Total	49,247	47,288

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	441,769	462,778
Total	441,769	462,778

8.	Secured creditors
	The following secured debts are included within creditors: Bank loans £445,380 (2024: £484,532). The bank loans were secured by a debenture over the assets of the company.

9.	Directors advances, credits and guarantees
	Under the BBLS scheme the government provided a 100% guarantee. As at the balance sheet date, this represented a bank loan guarantee of £16,667 (2024: £26,667).

10.	Fair value reserve


		£
	Fair value reserve at 01 April 24	37,181
	At 31 March 25	37,181