P A Wood Estates Limited - Accounts to registrar (filleted) - small 18.2

P A Wood Estates Limited - Accounts to registrar (filleted) - small 18.2

P A WOOD ESTATES LIMITED - Company Information

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REGISTERED NUMBER: 07106736 (England and Wales)














Unaudited Financial Statements

for the Year Ended 24 February 2020

for

P A Wood Estates Limited
P A Wood Estates Limited (Registered number: 07106736)






Contents of the Financial Statements
for the Year Ended 24 February 2020




Page

Balance Sheet 1

Notes to the Financial Statements 3


P A Wood Estates Limited (Registered number: 07106736)

Balance Sheet
24 February 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,023 2,380
Investment property 5 425,000 425,000
427,023 427,380

CURRENT ASSETS
Debtors 6 1,700 2,180
Cash at bank 632 42
2,332 2,222
CREDITORS
Amounts falling due within one year 7 232,070 216,161
NET CURRENT LIABILITIES (229,738 ) (213,939 )
TOTAL ASSETS LESS CURRENT LIABILITIES 197,285 213,441

CREDITORS
Amounts falling due after more than one
year
8
(136,511
)
(145,881
)

PROVISIONS FOR LIABILITIES (14,140 ) (14,140 )
NET ASSETS 46,634 53,420

CAPITAL AND RESERVES
Called up share capital 1 1
Non distributable profit and
loss 9 81,764 81,764
Retained earnings (35,131 ) (28,345 )
SHAREHOLDERS' FUNDS 46,634 53,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 1 continued...
P A Wood Estates Limited (Registered number: 07106736)

Balance Sheet - continued
24 February 2020


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 director and authorised for issue on 22 February 2021 and were signed by:





P A Wood Esq - Director


The notes form part of these financial statements

Page 2
P A Wood Estates Limited (Registered number: 07106736)

Notes to the Financial Statements
for the Year Ended 24 February 2020

1. STATUTORY INFORMATION

P A Wood Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07106736

Registered office: c/o PA Wood Engineering Services
Unit 3 Park Lane
Fenton
Stoke-on-Trent
Staffordshire
ST4 3JP

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 as modified by the revaluation of certain assets.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the financial statements have been prepared on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Equipment - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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.


Page 3 continued...
P A Wood Estates Limited (Registered number: 07106736)

Notes to the Financial Statements - continued
for the Year Ended 24 February 2020

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant &
Equipment
£   
COST
At 25 February 2019
and 24 February 2020 7,040
DEPRECIATION
At 25 February 2019 4,660
Charge for year 357
At 24 February 2020 5,017
NET BOOK VALUE
At 24 February 2020 2,023
At 24 February 2019 2,380

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 25 February 2019
and 24 February 2020 425,000
NET BOOK VALUE
At 24 February 2020 425,000
At 24 February 2019 425,000

Investment property was valued at fair value in February 2020 by the director.

Page 4 continued...
P A Wood Estates Limited (Registered number: 07106736)

Notes to the Financial Statements - continued
for the Year Ended 24 February 2020

5. INVESTMENT PROPERTY - continued

Fair value at 24 February 2020 is represented by:

£   
Valuation in 2012 91,495
Valuation in 2013 439
Valuation in 2014 3,970
Cost 329,096
425,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 1,700 2,180

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 9,253 8,791
Taxation and social security 1,415 1,738
Other creditors 221,402 205,632
232,070 216,161

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
£    £   
Bank loans 136,511 145,881

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 100,511 109,881

9. RESERVES
Non
distributable
profit
and loss
£   
At 25 February 2019
and 24 February 2020 81,764

Page 5