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Registered Number: 12940694


 

 

 

WOBURN STREET FINANCIAL PLANNING LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Report to the directors on the preparation of the unaudited statutory accounts of Woburn Street Financial Planning Limited for the year ended 31 March 2023. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Woburn Street Financial Planning Limited for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/. This report is made solely to the Board of Directors of Woburn Street Financial Planning Limited, as a body, in accordance with the terms of our engagement letter dated 13 October 2020 Our work has been undertaken solely to prepare for your approval the accounts of Woburn Street Financial Planning Limited and state those matters that we have agreed to state to the Board of Directors of Woburn Street Financial Planning Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woburn Street Financial Planning Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Woburn Street Financial Planning 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 of Woburn Street Financial Planning Limited. You consider that Woburn Street Financial Planning Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Woburn Street Financial Planning 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 statutory accounts for the year ended 31 March 2023.



....................................................
Baranov Associates Ltd
4 Academy Close
Kirkby Stephen
Cumbria
CA17 4JG
27 September 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 6,715    6,195 
Investments 4 908,125    908,125 
914,840    914,320 
Current assets      
Debtors 86,131    98,271 
Cash at bank and in hand 223,001    286,555 
309,132    384,826 
Creditors: amount falling due within one year (858,723)   (1,046,561)
Net current liabilities (549,591)   (661,735)
 
Total assets less current liabilities 365,249    252,585 
Net assets 365,249    252,585 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 365,149    252,485 
Shareholder's funds 365,249    252,585 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 27 September 2023 and were signed on its behalf by:


-------------------------------
Helen Vaughan
Director
2
General Information
Woburn Street Financial Planning Limited is a private company, limited by shares, registered in , registration number 12940694, registration address The Old Forge, 39a Woburn Street, Ampthill, MK45 2HX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 5 Years Straight Line
Computer Equipment 3 Years Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 9 (2022 : 7).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 April 2022 (433)   (3,211)   (3,644)
Additions 2,102    16,162    18,264 
Disposals    
At 31 March 2023 1,669    12,951    14,620 
Depreciation
At 01 April 2022 (402)   (2,722)   (3,124)
Charge for year 1,242    9,787    11,029 
On disposals    
At 31 March 2023 840    7,065    7,905 
Net book values
Closing balance as at 31 March 2023 829    5,886    6,715 
Opening balance as at 01 April 2022 798    5,397    6,195 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2022 908,125    908,125 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2023 908,125    908,125 

5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

3