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Registration number: 00609777

Victor Wood (Cornwall) Limited
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 31 March 2026

Victor Wood (Cornwall) Limited

Contents

Company Information | 1
Abridged Statement of Financial Position | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 7

Victor Wood (Cornwall) Limited

Company Information

Directors | Ms VJ Akpinar Mr A V Martin

Company secretary | Ms VJ Akpinar

Registered office | C/o David Harland Ltd Ground Floor Unit 3 Southview House St Austell Enterprise Park St Austell Cornwall PL25 4EJ

Accountants | Harland Accountants Ground Floor, Unit 3 Southview House St Austell Enterprise Park Carclaze Down St Austell Cornwall PL25 4EJ

Victor Wood (Cornwall) Limited

(Registration number: 00609777)
Abridged Statement of Financial Position as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Investment property |  | 155,000 | 155,000
Current assets |  |  |
Cash at bank and in hand |  | 3,471 | 4,651
Creditors: Amounts falling due within one year |  | (4,629) | (3,611)
Net current (liabilities)/assets |  | (1,158) | 1,040
Total assets less current liabilities |  | 153,842 | 156,040
Accruals and deferred income |  | (1,440) | (1,380)
Net assets |  | 152,402 | 154,660
Capital and reserves |  |  |
Called up share capital | 5 | 4,999 | 4,999
Other reserves |  | 91,245 | 91,245
Retained earnings |  | 56,158 | 58,416
Shareholders' funds |  | 152,402 | 154,660

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

Victor Wood (Cornwall) Limited

(Registration number: 00609777)
Abridged Statement of Financial Position as at 31 March 2026

Approved and authorised by the Board on 30 April 2026 and signed on its behalf by:

.........................................

Ms VJ Akpinar

Company secretary and director

Victor Wood (Cornwall) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/o David Harland Ltd
Ground Floor
Unit 3 Southview House St Austell Enterprise Park
St Austell
Cornwall
PL25 4EJ
UK

These financial statements were authorised for issue by the Board on 30 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Victor Wood (Cornwall) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor Vehicles | 20% on cost
Office Equipment | 33.3% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Victor Wood (Cornwall) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2025 | 1,078 | 1,078
At 31 March 2026 | 1,078 | 1,078
Depreciation
At 1 April 2025 | 1,078 | 1,078
At 31 March 2026 | 1,078 | 1,078
Carrying amount
At 31 March 2026 | - | -

Victor Wood (Cornwall) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Investment properties

| 2026 £
At 1 April | 155,000

There has been no valuation of investment property by an independent valuer.

5 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary Shares of £1 each | 4,999 | 4,999 | 4,999 | 4,999