IRIS Accounts Production v23.2.0.158 01109868 director 31.3.22 30.3.23 30.3.23 false true false false true false Fair value model Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011098682022-03-30011098682023-03-30011098682022-03-312023-03-30011098682021-03-30011098682021-03-312022-03-30011098682022-03-3001109868ns10:Originalns15:EnglandWales2022-03-312023-03-3001109868ns14:PoundSterlingns10:Original2022-03-312023-03-3001109868ns10:Originalns10:Director12022-03-312023-03-3001109868ns10:Original2022-03-312023-03-3001109868ns10:Original2023-03-3001109868ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-312023-03-3001109868ns10:Originalns10:SmallEntities2022-03-312023-03-3001109868ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-312023-03-3001109868ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-312023-03-3001109868ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-312023-03-3001109868ns10:Originalns10:FullAccounts2022-03-312023-03-3001109868ns10:Originalns10:OrdinaryShareClass12022-03-312023-03-3001109868ns10:CompanySecretary1ns10:Original2022-03-312023-03-3001109868ns10:Originalns10:RegisteredOffice2022-03-312023-03-3001109868ns10:Original2022-03-3001109868ns10:Originalns5:CurrentFinancialInstruments2023-03-3001109868ns10:Originalns5:CurrentFinancialInstruments2022-03-3001109868ns5:ShareCapitalns10:Original2023-03-3001109868ns5:ShareCapitalns10:Original2022-03-3001109868ns10:Originalns5:RevaluationReserve2023-03-3001109868ns10:Originalns5:RevaluationReserve2022-03-3001109868ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3001109868ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3001109868ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-03-312023-03-3001109868ns10:Originalns5:PlantMachinery2022-03-312023-03-3001109868ns10:Originalns5:FurnitureFittings2022-03-312023-03-3001109868ns10:Originalns5:MotorVehicles2022-03-312023-03-3001109868ns10:Originalns5:ComputerEquipment2022-03-312023-03-3001109868ns10:Original2021-03-312022-03-3001109868ns10:Originalns5:LandBuildings2022-03-3001109868ns10:Originalns5:PlantMachinery2022-03-3001109868ns10:Originalns5:FurnitureFittings2022-03-3001109868ns10:Originalns5:LandBuildings2022-03-312023-03-3001109868ns10:Originalns5:LandBuildings2023-03-3001109868ns10:Originalns5:PlantMachinery2023-03-3001109868ns10:Originalns5:FurnitureFittings2023-03-3001109868ns10:Originalns5:LandBuildings2022-03-3001109868ns10:Originalns5:PlantMachinery2022-03-3001109868ns10:Originalns5:FurnitureFittings2022-03-3001109868ns10:Originalns5:MotorVehicles2022-03-3001109868ns10:Originalns5:ComputerEquipment2022-03-3001109868ns10:Original2022-03-3001109868ns10:Originalns5:MotorVehicles2023-03-3001109868ns10:Originalns5:ComputerEquipment2023-03-3001109868ns10:Originalns5:MotorVehicles2022-03-3001109868ns10:Originalns5:ComputerEquipment2022-03-3001109868ns10:Originalns5:CostValuation2022-03-3001109868ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3001109868ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3001109868ns10:Originalns10:OrdinaryShareClass12023-03-3001109868ns10:Originalns5:RevaluationReserve2022-03-30
REGISTERED NUMBER: 01109868 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 March 2023

for

Taylor Woolhouse Holdings Limited

Taylor Woolhouse Holdings Limited (Registered number: 01109868)






Contents of the Financial Statements
for the Year Ended 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Taylor Woolhouse Holdings Limited

Company Information
for the Year Ended 30 March 2023







DIRECTOR: Mr R W Taylor





SECRETARY: Mrs L K Taylor





REGISTERED OFFICE: Mangham Way
Barbot Hall Industrial Estate
Rotherham
South Yorkshire
S61 4RL





REGISTERED NUMBER: 01109868 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Taylor Woolhouse Holdings Limited (Registered number: 01109868)

Balance Sheet
30 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 270,930 288,761
Investments 5 4 4
Investment property 6 3,007,560 2,318,060
3,278,494 2,606,825

CURRENT ASSETS
Stocks 470,119 470,119
Debtors 7 148,056 145,082
Cash at bank 1,145,154 1,650,200
1,763,329 2,265,401
CREDITORS
Amounts falling due within one year 8 (854,836 ) (817,423 )
NET CURRENT ASSETS 908,493 1,447,978
TOTAL ASSETS LESS CURRENT LIABILITIES 4,186,987 4,054,803

PROVISIONS FOR LIABILITIES (5,727 ) (7,614 )
NET ASSETS 4,181,260 4,047,189

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 195,544 195,544
Retained earnings 3,985,616 3,851,545
SHAREHOLDERS' FUNDS 4,181,260 4,047,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 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.

Taylor Woolhouse Holdings Limited (Registered number: 01109868)

Balance Sheet - continued
30 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2023 and were signed by:





Mr R W Taylor - Director


Taylor Woolhouse Holdings Limited (Registered number: 01109868)

Notes to the Financial Statements
for the Year Ended 30 March 2023

1. STATUTORY INFORMATION

Taylor Woolhouse Holdings 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 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.

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.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Taylor Woolhouse Holdings Limited (Registered number: 01109868)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 31 March 2022
and 30 March 2023 328,687 277,882 42,063
DEPRECIATION
At 31 March 2022 97,506 258,606 31,306
Charge for year 4,707 3,855 2,151
At 30 March 2023 102,213 262,461 33,457
NET BOOK VALUE
At 30 March 2023 226,474 15,421 8,606
At 30 March 2022 231,181 19,276 10,757

Taylor Woolhouse Holdings Limited (Registered number: 01109868)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 31 March 2022
and 30 March 2023 61,720 7,554 717,906
DEPRECIATION
At 31 March 2022 35,114 6,613 429,145
Charge for year 6,651 467 17,831
At 30 March 2023 41,765 7,080 446,976
NET BOOK VALUE
At 30 March 2023 19,955 474 270,930
At 30 March 2022 26,606 941 288,761

Included in cost of land and buildings is freehold land of £ 93,361 (2022 - £ 93,361 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 31 March 2022
and 30 March 2023 4
NET BOOK VALUE
At 30 March 2023 4
At 30 March 2022 4

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2022 2,318,060
Additions 689,500
At 30 March 2023 3,007,560
NET BOOK VALUE
At 30 March 2023 3,007,560
At 30 March 2022 2,318,060

The director has valued the investment property at a fair value of £2,122,516 as at 30 March 2023 (2022: £2,122,516)

Taylor Woolhouse Holdings Limited (Registered number: 01109868)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 79,500 79,500
Other debtors 1,338 100
Directors' current accounts 42,849 43,477
Prepayments 24,369 22,005
148,056 145,082

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,261 2,927
Amounts owed to group undertakings 637,850 571,968
Tax 52,818 84,542
Social security and other taxes 5,376 5,031
VAT 23,288 22,324
Pension creditor 1,071 1,070
Accruals and deferred income 132,172 129,561
854,836 817,423

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares 1 100 100

10. RESERVES
Revaluation
reserve
£   
At 31 March 2022
and 30 March 2023 195,544

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the director owed the company £42,849 (2022 - £43,476). Advances in the year totalled £93,485 (2022 - £78,132) and repayments were made totalling £95,000 (2021 - £80,111). Interest of £852 (2022 - £872) was charged at the official rate.

Taylor Woolhouse Holdings Limited (Registered number: 01109868)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

12. RELATED PARTY DISCLOSURES

Included in creditors at the year end is an amount due to Taylor Woolhouse Limited of £637,850 (2022 - £571,968).Taylor Woolhouse Holdings Limited owns 100% of the shareholding of Taylor Woolhouse Limited.

A management fee of £245,000 (2022 - £232,000) was received from Taylor Woolhouse Limited during the year.