Agewood Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02758176 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Agewood Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms L A Scott

REGISTERED OFFICE:

7 Brenkley Way

Blezard Business Park

Seaton Burn

Tyne and Wear

NE13 6DS

REGISTERED NUMBER:

02758176 (England and Wales)

ACCOUNTANTS:

Douglas Shaw Limited

7 Brenkley Way

Blezard Business Park

Seaton Burn

Tyne and Wear

NE13 6DS

FIXED ASSETS

Tangible assets

4

1,867

8,092

Investments

5

174,583

Investment property

6

400,000

576,450

582,675

CURRENT ASSETS

Cash at bank

65,576

63,058

CREDITORS

Amounts falling due within one year

7

5,989

5,912

NET CURRENT ASSETS

59,587

57,146

TOTAL ASSETS LESS CURRENT
LIABILITIES

636,037

639,821

PROVISIONS FOR LIABILITIES

-

632

NET ASSETS

636,037

639,189

CAPITAL AND RESERVES

Called up share capital

300,000

Retained earnings

336,037

339,189

636,037

639,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 22 September 2018 and were signed
by:

Ms L A Scott - Director

1.	STATUTORY INFORMATION

Agewood 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Office equipment

-

25% on cost

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

COST

At 1 January 2017

and 31 December 2017

41,500

1,742

43,242

DEPRECIATION

At 1 January 2017

33,409

1,741

35,150

Charge for year

6,225

-

6,225

At 31 December 2017

39,634

1,741

41,375

NET BOOK VALUE

At 31 December 2017

1,866

1

1,867

At 31 December 2016

8,091

1

8,092

5.	FIXED ASSET INVESTMENTS

Loans to

group

undertakings

£

At 1 January 2017

and 31 December 2017

174,583

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2017

and 31 December 2017

400,000

NET BOOK VALUE

At 31 December 2017

400,000

At 31 December 2016

400,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Tax

66

280

Social security and other taxes

230

80

Other creditors and accruals

850

2,959

Directors' loan accounts

4,843

2,593

5,989

5,912

Agewood Limited - Accounts to registrar (filleted) - small 18.2

Agewood Limited - Accounts to registrar (filleted) - small 18.2