REGISTERED NUMBER: 12997892 (England and Wales)

UNDERWOOD GREEN LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

15 FEBRUARY 2025 TO 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R J Green

G Underwood

M N Smith

A W Main

D A Brain

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

REGISTERED NUMBER:

12997892 (England and Wales)

SENIOR STATUTORY AUDITOR:

Sarah Mason FCA

AUDITORS:

RSM UK Audit LLP

4th Floor

100 Avebury Boulevard

Milton Keynes

Buckinghamshire

MK9 1FH

FIXED ASSETS

Tangible assets

4

-

14,566

CURRENT ASSETS

Work-in-progress

-

71,426

Debtors

5

-

228,096

Cash at bank

82,469

270,590

82,469

570,112

CREDITORS

Amounts falling due within one year

6

84,726

340,361

NET CURRENT (LIABILITIES)/ASSETS

(2,257

)

229,751

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,257

)

244,317

CAPITAL AND RESERVES

Called up share capital

7

300

300

Retained earnings

(2,557

)

244,017

SHAREHOLDERS' FUNDS

(2,257

)

244,317

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

D A Brain - Director

1.	STATUTORY INFORMATION

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

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

In accordance with FRS 102, turnover represents amounts chargeable to clients for professional services provided during the year, net of any VAT.

Tangible fixed assets

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

Fixtures and fittings - 25% on reducing balance

Computer equipment - 25% on reducing balance

Motor Vehicles - 25% on reducing balance

Work in progress

Work in progress is valued in accordance with FRS102. All unbilled and incomplete time has been valued at fair value and reflects the time spent and the skills and expertise that has been provided.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2025 - 13 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 15 February 2025

1,567

23,768

25,335

Disposals

(1,567

)

(23,768

)

(25,335

)

At 31 March 2025

-

-

-

DEPRECIATION

At 15 February 2025

945

9,824

10,769

Eliminated on disposal

(945

)

(9,824

)

(10,769

)

At 31 March 2025

-

-

-

NET BOOK VALUE

At 31 March 2025

-

-

-

At 14 February 2025

622

13,944

14,566

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

14.2.25

£

£

Trade debtors

-

208,586

Other debtors

-

19,510

-

228,096

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

14.2.25

£

£

Trade creditors

-

17,162

Amounts owed to group undertakings

82,169

-

Taxation and social security

2,557

127,616

Other creditors

-

195,583

84,726

340,361

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

14.2.25

value:

£

£

100

Ordinary A

1

200

200

100

Ordinary B

1

100

100

300

300

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sarah Mason FCA (Senior Statutory Auditor)

for and on behalf of RSM UK Audit LLP