Company registration number 14632469 (England and Wales)
SHERWOOD TECHNOLOGY VENTURES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
SHERWOOD TECHNOLOGY VENTURES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
SHERWOOD TECHNOLOGY VENTURES LIMITED
BALANCE SHEET
AS AT 31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
562
750
Current assets
Debtors
4
759,093
497,153
Cash at bank and in hand
10,304,612
8,129,290
11,063,705
8,626,443
Creditors: amounts falling due within one year
5
(8,768,633)
(7,844,316)
Net current assets
2,295,072
782,127
Net assets
2,295,634
782,877
Capital and reserves
Called up share capital
6
10
9
Profit and loss reserves
2,295,624
782,868
Total equity
2,295,634
782,877

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 16 April 2026
J Boyle
Director
Company registration number 14632469 (England and Wales)
SHERWOOD TECHNOLOGY VENTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 2 -
1
Accounting policies
Company information

Sherwood Technology Ventures Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Station Road, Beaconsfield, Buckinghamshire, United Kingdom, HP9 1QL.

1.1
Reporting period

The accounts have been prepared for the year from 1 August 2024 to 31 July 2025. The comparatives represent a period of 18 months from the date of incorporation, being 1 February 2023 up to the period end date of 31 July 2024.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) 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 FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Consultancy income and other management fee income is recognised in the week/month they relate to and are invoiced on this basis.

Other income

Interest receivable relates to bank interest on deposits and is recognised in the period to which it relates

1.5
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:

Fixtures and fittings
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SHERWOOD TECHNOLOGY VENTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Cash and cash equivalents

Cash and cash equivalents 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.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from connected companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

SHERWOOD TECHNOLOGY VENTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
9
9
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024 and 31 July 2025
1,000
Depreciation and impairment
At 1 August 2024
250
Depreciation charged in the year
188
At 31 July 2025
438
Carrying amount
At 31 July 2025
562
At 31 July 2024
750
SHERWOOD TECHNOLOGY VENTURES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
720,500
478,636
Other debtors
38,593
18,517
759,093
497,153
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
32,761
306,472
Corporation tax
285,748
271,468
Other taxation and social security
274,688
92,983
Other creditors
8,175,436
7,173,393
8,768,633
7,844,316
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
700
600
7
6
Ordinary 'A' shares of 1p each
100
100
1
1
Ordinary 'B' shares of 1p each
100
100
1
1
Ordinary 'C' shares of 1p each
100
100
1
1
1,000
900
10
9

As at 29th October 2024, the existing ordinary share capital of £1 was sub divided into 100 ordinary shares of £0.01 each.

The ordinary share s hold voting rights, with no rights to dividends and no participation on winding up.

The A, B & C shares hold no voting rights, but are entitled to dividend payments or any other distribution and to participate in a distribution arising from a winding up of the company.

7
Related party transactions

At the year end there were amounts owed to connected companies of £7,578,000. These amounts are non-interest bearing and are repayable on demand.

2025-07-31 2024-08-01 false false false 16 April 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity J Boyle P Boyle 14632469 2024-08-01 2025-07-31 14632469 2025-07-31 14632469 2024-07-31 14632469 core:OtherPropertyPlantEquipment 2025-07-31 14632469 core:OtherPropertyPlantEquipment 2024-07-31 14632469 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 14632469 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14632469 core:CurrentFinancialInstruments 2025-07-31 14632469 core:CurrentFinancialInstruments 2024-07-31 14632469 core:ShareCapital 2025-07-31 14632469 core:ShareCapital 2024-07-31 14632469 core:RetainedEarningsAccumulatedLosses 2025-07-31 14632469 core:RetainedEarningsAccumulatedLosses 2024-07-31 14632469 core:ShareCapitalOrdinaryShareClass1 2025-07-31 14632469 core:ShareCapitalOrdinaryShareClass1 2024-07-31 14632469 core:ShareCapitalOrdinaryShareClass2 2025-07-31 14632469 core:ShareCapitalOrdinaryShareClass2 2024-07-31 14632469 core:ShareCapitalOrdinaryShareClass3 2025-07-31 14632469 core:ShareCapitalOrdinaryShareClass3 2024-07-31 14632469 core:ShareCapitalOrdinaryShareClass4 2025-07-31 14632469 core:ShareCapitalOrdinaryShareClass4 2024-07-31 14632469 core:ShareCapitalOrdinaryShares 2025-07-31 14632469 core:ShareCapitalOrdinaryShares 2024-07-31 14632469 bus:Director1 2024-08-01 2025-07-31 14632469 core:FurnitureFittings 2024-08-01 2025-07-31 14632469 2023-02-01 2024-07-31 14632469 core:OtherPropertyPlantEquipment 2024-07-31 14632469 core:OtherPropertyPlantEquipment 2024-08-01 2025-07-31 14632469 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 14632469 bus:OrdinaryShareClass2 2024-08-01 2025-07-31 14632469 bus:OrdinaryShareClass3 2024-08-01 2025-07-31 14632469 bus:OrdinaryShareClass4 2024-08-01 2025-07-31 14632469 bus:OrdinaryShareClass1 2025-07-31 14632469 bus:OrdinaryShareClass1 2024-07-31 14632469 bus:OrdinaryShareClass2 2025-07-31 14632469 bus:OrdinaryShareClass2 2024-07-31 14632469 bus:OrdinaryShareClass3 2025-07-31 14632469 bus:OrdinaryShareClass3 2024-07-31 14632469 bus:OrdinaryShareClass4 2025-07-31 14632469 bus:OrdinaryShareClass4 2024-07-31 14632469 bus:AllOrdinaryShares 2025-07-31 14632469 bus:AllOrdinaryShares 2024-07-31 14632469 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 14632469 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 14632469 bus:FRS102 2024-08-01 2025-07-31 14632469 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 14632469 bus:CompanySecretary1 2024-08-01 2025-07-31 14632469 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP