Company registration number 03443705 (England and Wales)
WOLBOROUGH HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
WOLBOROUGH HOLDINGS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
WOLBOROUGH HOLDINGS LTD
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
39,636
25,828
Investment properties
4
954,000
954,000
993,636
979,828
Current assets
Debtors
5
5,742
6,013
Cash at bank and in hand
41,786
25,802
47,528
31,815
Creditors: amounts falling due within one year
6
(42,682)
(68,409)
Net current assets/(liabilities)
4,846
(36,594)
Total assets less current liabilities
998,482
943,234
Creditors: amounts falling due after more than one year
7
(99,352)
(112,136)
Provisions for liabilities
(64,550)
(61,926)
Net assets
834,580
769,172
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
834,578
769,170
Total equity
834,580
769,172

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

WOLBOROUGH HOLDINGS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2022
31 March 2022
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 12 August 2022 and are signed on its behalf by:
Mr C Benney
Director
Company Registration No. 03443705
WOLBOROUGH HOLDINGS LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022
31 March 2022
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2021
86,187
Additions
24,295
At 31 March 2022
110,482
Depreciation and impairment
At 1 April 2021
60,359
Depreciation charged in the year
10,487
At 31 March 2022
70,846
Carrying amount
At 31 March 2022
39,636
At 31 March 2021
25,828
4
Investment property
2022
£
Fair value
At 1 April 2021 and 31 March 2022
954,000
WOLBOROUGH HOLDINGS LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022
31 March 2022
4
Investment property
(Continued)
- 4 -

Investment property comprises commercial and residential property in Torquay. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2022 by the directors following information and advice provided by independent valuers. The valuation was made on an open market value basis by reference to market evidence of the achievable rental income.

5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
514
4,032
Other debtors
5,228
1,981
5,742
6,013
6
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
9,675
33,915
Trade creditors
2,380
2,090
Corporation tax
12,719
13,355
Other taxation and social security
-
0
782
Other creditors
17,908
18,267
42,682
68,409
7
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
99,352
108,861
Other creditors
-
0
3,275
99,352
112,136
Creditors which fall due after five years are as follows:
2022
2021
£
£
Payable by instalments
56,719
67,880
WOLBOROUGH HOLDINGS LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2022
31 March 2022
- 5 -
8
Loans and overdrafts
2022
2021
£
£
Bank loans
109,027
142,776
Payable within one year
9,675
33,915
Payable after one year
99,352
108,861

The long-term loans are secured by fixed charges over the company's freehold property.

 

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