Company No: 09517891 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	1,195,457		1,477,277
		1,195,457		1,477,277
Current assets
Debtors	4	340,582		331,301
Cash at bank and in hand		83,274		18,528
		423,856		349,829
Creditors: amounts falling due within one year	5	( 109,025)		( 39,401)
Net current assets		314,831		310,428
Total assets less current liabilities		1,510,288		1,787,705
Creditors: amounts falling due after more than one year	6	( 1,002,644)		( 1,102,417)
Provision for liabilities	7	( 41,497)		( 111,952)
Net assets		466,147		573,336
Capital and reserves
Called-up share capital		100		100
Fair value reserve		114,915		321,165
Profit and loss account		351,132		252,071
Total shareholders' funds		466,147		573,336

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Applewood Holdings Limited (registered number: 09517891) were approved and authorised for issue by the Board of Directors on 09 October 2026. They were signed on its behalf by:

A D Barnes Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Applewood Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 110 Weston Road, Long Ashton, Bristol, BS41 9BZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of rent received 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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Investment property	not depreciated
Plant and machinery	10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Investment property		Plant and machinery		Total
	£		£		£
Cost
At 01 April 2025	1,450,000		68,197		1,518,197
Revaluations	( 275,000)		0		( 275,000)
At 31 March 2026	1,175,000		68,197		1,243,197
Accumulated depreciation
At 01 April 2025	0		40,920		40,920
Charge for the financial year	0		6,820		6,820
At 31 March 2026	0		47,740		47,740
Net book value
At 31 March 2026	1,175,000		20,457		1,195,457
At 31 March 2025	1,450,000		27,277		1,477,277

Investment properties

Investment properties, which are all freehold, were revalued to fair value at 31 March 2026, based on a valuation determined by the directors. The method of determining fair value was applied on the basis that one of the investment properties was sold shortly after the year end and the value has been adjusted to reflect the consideration received. An additional property was formally valued after the year end and the value has been adjusted to reflect the valuation.

4. Debtors

	2026		2025
	£		£
Amounts owed by directors	247,496		247,496
Other debtors	93,086		83,805
	340,582		331,301

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans (secured)	78,092		13,537
Trade creditors	282		594
Accruals	3,105		2,954
Taxation and social security	27,546		22,316
	109,025		39,401

6. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans (secured)	545,732		645,505
Other loans	456,912		456,912
	1,002,644		1,102,417

7. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 111,952)		( 113,657)
Credited to the Profit and Loss Account	1,705		1,705
Transfer from fair value reserve	68,750		0
At the end of financial year	( 41,497)		( 111,952)

8. Related party transactions

At 1 April 2025 the balance owed from the directors was £247,496. During the year, there was no movement leaving a balance due from the directors of £247,496.

At 1 April 2024 the balance owed from the directors was £498,310. During the year, the company made advances to directors amounting to £12,853 and received repayments of £263,667 leaving a balance due from the directors of £247,496.

The Directors loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.