REGISTERED NUMBER: 06895144 (England and Wales)

NORTHWOOD (CORNWALL) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M E Brickley

S P Brickley

REGISTERED OFFICE:

3 Frances Street

Truro

Cornwall

TR1 3DN

REGISTERED NUMBER:

06895144 (England and Wales)

ACCOUNTANTS:

Jane Maynard Limited

T/A Maynard Johns

37 Mill Street

Bideford

DEVON

EX39 2JJ

FIXED ASSETS

Intangible assets

3

33,320

37,340

Tangible assets

4

7,698

9,308

41,018

46,648

CURRENT ASSETS

Stocks

150

250

Debtors

356,765

353,578

Cash at bank and in hand

123,423

91,524

480,338

445,352

CREDITORS

Amounts falling due within one year

(64,003

)

(76,695

)

NET CURRENT ASSETS

416,335

368,657

TOTAL ASSETS LESS CURRENT LIABILITIES

457,353

415,305

PROVISIONS FOR LIABILITIES

(1,712

)

(2,067

)

NET ASSETS

455,641

413,238

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

455,631

413,228

SHAREHOLDERS' FUNDS

455,641

413,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 June 2026 and were signed on its behalf by:

S P Brickley - Director

1.	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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill purchased in 2011 has been written off in equal annual instalments over its useful economic life. Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 4 ) .

3.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

and 31 March 2026

81,962

AMORTISATION

At 1 April 2025

44,622

Amortisation for year

4,020

At 31 March 2026

48,642

NET BOOK VALUE

At 31 March 2026

33,320

At 31 March 2025

37,340

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

25,699

Additions

311

Disposals

(1,545

)

At 31 March 2026

24,465

DEPRECIATION

At 1 April 2025

16,391

Charge for year

1,359

Eliminated on disposal

(983

)

At 31 March 2026

16,767

NET BOOK VALUE

At 31 March 2026

7,698

At 31 March 2025

9,308

5.	RELATED PARTY DISCLOSURES

The balance outstanding at the year end for a loan to the parent company is £349,700 (2025: £349,700). The loan is interest free and has no fixed date for repayment.

6.	ULTIMATE PARENT PARTY

The ultimate parent company is Hard Bricks Holdings Limited whose registered address is 37 Mill Street, Bideford, Devon, EX39 2JJ.