REGISTERED NUMBER: 01092424 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

SHERWOOD CLOSE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Afshar

J W Dolman

J H Downing

M Feldman

H R Fergie

A Hammond

J Inwood

A J Marshall

N Portelli

A Wolfe-Murray

SECRETARY:

J H Downing

REGISTERED OFFICE:

4 Sherwood Close

Barnes

London

SW13 0JD

REGISTERED NUMBER:

01092424 (England and Wales)

ACCOUNTANT:

Lesley C Woodward-Thwaites

Byrne Palmer & Co

Chartered Accountant

Hazels Lodge

Stoodleigh

Tiverton

Devon

EX16 9PY

CURRENT ASSETS

Debtors

5

137

1,161

Cash at bank and in hand

1,689

5,704

1,826

6,865

CREDITORS

Amounts falling due within one year

6

627

6,878

NET CURRENT ASSETS/(LIABILITIES)

1,199

(13

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,199

(13

)

RESERVES

General reserve

7

1,199

(13

)

1,199

(13

)

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

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

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 23rd October 2025 and were signed on its behalf by:

A Hammond - Director

H R Fergie - Director

1.	STATUTORY INFORMATION

Sherwood Close Limited is a private company limited by guarantee, registered in England. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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

The company's turnover represents management and maintenance contributions receivable from the freeholders of Sherwood Close Limited.

The routine management and maintenance contribution is set at the AGM based on the anticipated expenditure for the coming year. Exceptional expenditure may require a further contribution from freeholders.

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

-

20% on reducing balance

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 NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st April 2024

and 31st March 2025

1,186

DEPRECIATION

At 1st April 2024

and 31st March 2025

1,186

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

25

625

Other debtors

112

536

137

1,161

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

50

6,050

Other creditors

577

828

627

6,878

7.

RESERVES

General

reserve

£

At 1st April 2024

(13

)

Profit for the year

1,212

At 31st March 2025

1,199

8.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital.

9.	GENERAL RESERVE

The General Reserve has been established to provide funds to meet the costs of large, non regular repair and maintenance work. The result arising during the year is shown as a movement on the General Reserve Fund.

These reserves are held on trust by the company for the residents of Sherwood Close Limited.

10.	GOING CONCERN

Having reviewed the management contributions set for the current year the Directors anticipate a surplus and positive net current assets for year ending 31 March 2026.