REGISTERED NUMBER: 05513135 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Northwood Banks & Co Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs H Claydon

K R Parsons

I Peace

A C Townsend

REGISTERED OFFICE:

1st Floor

Pinnacle House

991 Doddington Road

Lincoln

LN6 3SE

REGISTERED NUMBER:

05513135 (England and Wales)

AUDITORS:

KJA Kilner Johnson Ltd (Statutory Auditors)

Woodland House

Woodland Park

Bradford Road

Cleckheaton

BD19 6BW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

11,148

21,858

11,148

21,858

CURRENT ASSETS

Stocks

77,930

48,745

Debtors

6

705,929

669,250

Cash at bank and in hand

89,212

31,674

873,071

749,669

CREDITORS

Amounts falling due within one year

7

108,528

109,647

NET CURRENT ASSETS

764,543

640,022

TOTAL ASSETS LESS CURRENT LIABILITIES

775,691

661,880

PROVISIONS FOR LIABILITIES

2,787

3,703

NET ASSETS

772,904

658,177

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

772,804

658,077

772,904

658,177

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

A C Townsend - Director

1.	STATUTORY INFORMATION

Northwood Banks & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 and has been fully amortised.

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

-

20% straight line

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

49,282

AMORTISATION

At 1 January 2024

and 31 December 2024

49,282

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

53,548

DEPRECIATION

At 1 January 2024

31,690

Charge for year

10,710

At 31 December 2024

42,400

NET BOOK VALUE

At 31 December 2024

11,148

At 31 December 2023

21,858

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade debtors

193,489

233,013

Amounts owed by group undertakings

504,361

436,237

Other debtors

8,079

-

705,929

669,250

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade creditors

23,619

7,329

Amounts owed to group undertakings

25,000

25,000

Taxation and social security

44,915

72,495

Other creditors

14,994

4,823

108,528

109,647

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Samantha Hutton FCCA (Senior Statutory Auditor)

for and on behalf of KJA Kilner Johnson Ltd (Statutory Auditors)

9.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent undertaking is Haig Legal Group Limited, a company incorporated in England & Wales.