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Registered number: 09718980
Woods&Springs Limited
Director's Report and
Unaudited Financial Statements
For The Year Ended 31 December 2021
Director's Report and Unaudited Financial Statements
Contents
Page
Company Information 1
Director's Report 2
Accountants' Report 3
Statement of Income and Retained Earnings 4
Balance Sheet 5—6
Notes to the Financial Statements 7—8
Page 1
Company Information
Director M V Hanekom
Company Number 09718980
Registered Office Bank House
81 St Judes Road
Englefield Green
Surrey
TW20 0DF
Accountants Exceed Accountants Limited
Bank House, 81 St Judes Road
Englefield Green
Surrey
TW20 0DF
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Director's Report
The director presents his report and the financial statements for the year ended 31 December 2021 .
Principal Activity
The company's principal activity continues to be that of property rental.
Directors
The directors who held office during the year were as follows:
M V Hanekom
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
M V Hanekom
Director
26/04/2022
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Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Woods&Springs Limited For The Year Ended 31 December 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Woods&Springs Limited For The Year Ended 31 December 2021 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to 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 at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Woods&Springs Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Woods&Springs Limited and state those matters that we have agreed to state to the director of Woods&Springs Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woods&Springs Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Woods&Springs Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Woods&Springs Limited . You consider that Woods&Springs Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Woods&Springs 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 financial statements.
Signed
26/04/2022
Exceed Accountants Limited
Bank House, 81 St Judes Road
Englefield Green
Surrey
TW20 0DF
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Statement of Income and Retained Earnings
2021 2020
Notes £ £
Administrative expenses (2,095 ) (2,047 )
Other operating income 12,480 12,480
OPERATING PROFIT 10,385 10,433
Interest payable and similar charges (3,552 ) (3,991 )
PROFIT BEFORE TAXATION 6,833 6,442
Tax on Profit (1,256 ) (1,224 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 5,577 5,218
RETAINED EARNINGS
As at 1 January 2021 27,911 22,693
As at 31 December 2021 33,488 27,911
The notes on pages 7 to 8 form part of these financial statements.
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Page 5
Balance Sheet
2021 2020
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 145,000 145,000
145,000 145,000
CURRENT ASSETS
Cash at bank and in hand 1,246 1,267
1,246 1,267
Creditors: Amounts Falling Due Within One Year 4 (27,177 ) (118,355 )
NET CURRENT ASSETS (LIABILITIES) (25,931 ) (117,088 )
TOTAL ASSETS LESS CURRENT LIABILITIES 119,069 27,912
Creditors: Amounts Falling Due After More Than One Year 5 (85,580 ) -
NET ASSETS 33,489 27,912
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 33,488 27,911
SHAREHOLDERS' FUNDS 33,489 27,912
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For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
M V Hanekom
Director
26/08/2022
The notes on pages 7 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Coronavirus

On 11 March 2020 the World Health Organisation declared the COVID-19 outbreak as a worldwide pandemic. The directors are carefully monitoring the situation and following the applicable guidance issued by the UK Government. The outbreak has had a significant impact on both people and industry across the world. Due to the nature of the outbreak and the ongoing affect it is having globally it is currently very difficult to fully predict the overall impact this situation will have on the company and the business going forward.
1.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2020: NIL)
- -
3. Tangible Assets
Investment Properties
£
Cost
As at 1 January 2021 145,000
As at 31 December 2021 145,000
Net Book Value
As at 31 December 2021 145,000
As at 1 January 2021 145,000
4. Creditors: Amounts Falling Due Within One Year
2021 2020
£ £
Bank loans and overdrafts 8,949 103,479
Corporation tax 1,298 1,224
Accruals and deferred income 1,560 1,560
Director's loan account 1,590 1,590
Amounts owed to associates 13,780 10,502
27,177 118,355
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5. Creditors: Amounts Falling Due After More Than One Year
2021 2020
£ £
Bank loans 85,580 -
85,580 -
6. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
2021 2020
£ £
Bank loans and overdrafts 94,529 103,479
7. Share Capital
2021 2020
Allotted, Called up and fully paid 1 1
Value Number 2021 2020
Allotted, called up and fully paid £ £ £
Ordinary Shares 1 1 1 1
8. Related Party Transactions
During the year, the company rented a property to Southwoods Dental Practice Limited, owned by key management. Total rents received in the year to 31st December 2021 were £12,480 (2020: £12,480). At the year end the company owed £13,780 (2020: £10,502) to Southwoods Dental Practice Limited.

At the end of the year under review the company owed the director £1,590 (2020 - £1,590).

The controlling party is M V Hanekom.
9. General Information
Woods&Springs Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number 09718980 . The registered office is Bank House, 81 St Judes Road, Englefield Green, Surrey, TW20 0DF.
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