REGISTERED NUMBER: 14519272 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Inwood 23 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A T Lloyd

N L Lloyd

SECRETARY:

REGISTERED OFFICE:

6 High Street

Wheathampstead

Hertfordshire

AL4 8AA

REGISTERED NUMBER:

14519272 (England and Wales)

ACCOUNTANTS:

Fenlon & Co

Chartered Certified Accountants

6 High Street

Wheathampstead

Hertfordshire

AL4 8AA

FIXED ASSETS

Tangible assets

4

104,758

91,556

CURRENT ASSETS

Debtors

5

22,239

21,611

Cash at bank

181,160

83,693

203,399

105,304

CREDITORS

Amounts falling due within one year

6

55,732

55,986

NET CURRENT ASSETS

147,667

49,318

TOTAL ASSETS LESS CURRENT LIABILITIES

252,425

140,874

PROVISIONS FOR LIABILITIES

7

900

-

NET ASSETS

251,525

140,874

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

251,425

140,774

SHAREHOLDERS' FUNDS

251,525

140,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 1 April 2025 and were signed on its behalf by:

N L Lloyd - Director

1.	STATUTORY INFORMATION

Inwood 23 Limited is a private company limited by shares and incorporated in England and Wales

Its registered office is 6 High Street, Wheathampstead, Herts AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and having regard for contractual obligations.

Tangible fixed assets

Tangible Fixed Assets are initially recorded at cost.

Depreciation is provided at the following annual rates in order to write off each asset over its expected useful life:

Computer Equipment - 33 1/3% Straight Line

Motor Vehicles - 20% Reducing Balance

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Dividends

Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

111,915

3,036

114,951

Additions

32,989

8,594

41,583

At 31 December 2024

144,904

11,630

156,534

DEPRECIATION

At 1 January 2024

22,383

1,012

23,395

Charge for year

24,504

3,877

28,381

At 31 December 2024

46,887

4,889

51,776

NET BOOK VALUE

At 31 December 2024

98,017

6,741

104,758

At 31 December 2023

89,532

2,024

91,556

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

21,600

21,600

Prepayments and accrued income

639

11

22,239

21,611

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Tax

34,606

41,525

Social security and other taxes

18,445

10,870

Directors' loan accounts

1,294

-

Accrued expenses

1,387

3,591

55,732

55,986

7.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

900

-

Deferred

tax

£

Provided during year

900

Balance at 31 December 2024

900

Deferred tax results from accelerated Capital Allowances. It is the tax payable if the fixed assets were to be sold on the balance sheet date at the net book value as disclosed on the balance sheet.