REGISTERED NUMBER: 15348889 (England and Wales)

Unaudited Financial Statements

for the Period

1 January 2025 to 31 January 2026

for

Northwood Plus Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

W H G Northwood

T H Northwood

H G Northwood

Mrs C J Northwood

REGISTERED OFFICE:

Northwood Plus Limited

The Bank of Wellbeing

Crown Bridge

Penkridge

Staffordshire

ST19 5AA

REGISTERED NUMBER:

15348889 (England and Wales)

ACCOUNTANTS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

FIXED ASSETS

Intangible assets

5

2,287,392

-

Tangible assets

6

47,146

-

2,334,538

-

CURRENT ASSETS

Stocks

57,871

-

Debtors

7

324,208

100

382,079

100

CREDITORS

Amounts falling due within one year

8

(397,696

)

-

NET CURRENT (LIABILITIES)/ASSETS

(15,617

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

2,318,921

100

CREDITORS

Amounts falling due after more than one year

9

(2,318,043

)

-

PROVISIONS FOR LIABILITIES

13

(671

)

-

NET ASSETS

207

100

CAPITAL AND RESERVES

Called up share capital

14

100

100

Retained earnings

107

-

SHAREHOLDERS' FUNDS

207

100

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

W H G Northwood - Director

1.	STATUTORY INFORMATION

Northwood Plus 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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, being the amount paid in connection with the acquisition of a business in 2025, is being amortised evenly over its estimated useful life of fifteen 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

-

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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

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

The Directors have considered going concern in preparing these financial statements through review of the Company's financial position. It has been considered that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis of accounting has been adopted and no material uncertainties have been identified.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2024 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

2,366,268

At 31 January 2026

2,366,268

AMORTISATION

Charge for period

78,876

At 31 January 2026

78,876

NET BOOK VALUE

At 31 January 2026

2,287,392

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

50,547

At 31 January 2026

50,547

DEPRECIATION

Charge for period

3,401

At 31 January 2026

3,401

NET BOOK VALUE

At 31 January 2026

47,146

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Trade debtors

245,897

-

Amounts owed by associates

20,167

-

Other debtors

100

100

VAT

40,184

-

Prepayments

17,860

-

324,208

100

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Bank loans and overdrafts (see note 10)

71,717

-

Trade creditors

280,905

-

Tax

26,219

-

Social security and other taxes

8,605

-

Accrued expenses

10,250

-

397,696

-

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2024

£

£

Bank loans (see note 10)

1,318,043

-

Other loans (see note 10)

1,000,000

-

2,318,043

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

1,000,000

-

Repayable by instalments

Bank loans more 5 yr by instal

1,021,025

-

10.

LOANS

An analysis of the maturity of loans is given below:

2026

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

7,871

-

Bank loans

63,846

-

71,717

-

2026

2024

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

67,762

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

229,256

-

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

1,000,000

-

Repayable by instalments

Bank loans more 5 yr by instal

1,021,025

-

The company issued unsecured loan notes with a nominal value of £1,000,000 as part consideration for the acquisition of the business. The loan notes are repayable in 2040 and do not bear interest.

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2024

£

£

Within one year

5,700

-

Between one and five years

22,800

-

In more than five years

2,850

-

31,350

-

12.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2024

£

£

Bank loans

1,381,889

-

Bank loans and overdrafts are secured by a fixed and floating charge over all the current and future assets of the company.

13.	PROVISIONS FOR LIABILITIES

2026

2024

£

£

Deferred tax

671

-

Deferred

tax

£

Provided during period

671

Balance at 31 January 2026

671

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2024

value:

£

£

100

Ordinary

£1

100

100

15.	RELATED PARTY DISCLOSURES

Northwood Dispensing Chemists Limited

A company in which Mr and Mrs Northwood are shareholders

2026

2024

£

£

Amount due from related party at the balance sheet date

20,167

-

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Northwood Plus Limited for the period ended 31 January 2026 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Northwood Plus Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Northwood Plus Limited and state those matters that we have agreed to state to the Board of Directors of Northwood Plus Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Northwood Plus Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Northwood Plus Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Northwood Plus Limited. You consider that Northwood Plus Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Northwood Plus Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

25 August 2026