Woodlawn Investments Limited 04664528 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is property investment and management Digita Accounts Production Advanced 6.30.9574.0 true true 04664528 2022-03-01 2023-02-28 04664528 2023-02-28 04664528 bus:Director1 1 2023-02-28 04664528 bus:OrdinaryShareClass1 2023-02-28 04664528 bus:OrdinaryShareClass2 2023-02-28 04664528 bus:OrdinaryShareClass3 2023-02-28 04664528 bus:OrdinaryShareClass4 2023-02-28 04664528 core:CurrentFinancialInstruments 2023-02-28 04664528 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 04664528 bus:SmallEntities 2022-03-01 2023-02-28 04664528 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 04664528 bus:FullAccounts 2022-03-01 2023-02-28 04664528 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 04664528 bus:RegisteredOffice 2022-03-01 2023-02-28 04664528 bus:Director1 2022-03-01 2023-02-28 04664528 bus:Director1 1 2022-03-01 2023-02-28 04664528 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 04664528 bus:OrdinaryShareClass2 2022-03-01 2023-02-28 04664528 bus:OrdinaryShareClass3 2022-03-01 2023-02-28 04664528 bus:OrdinaryShareClass4 2022-03-01 2023-02-28 04664528 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 04664528 core:JointVenture1 2022-03-01 2023-02-28 04664528 core:JointVenture1 countries:AllCountries 2022-03-01 2023-02-28 04664528 countries:EnglandWales 2022-03-01 2023-02-28 04664528 bus:Director1 1 2022-02-28 04664528 core:CostValuation 2022-02-28 04664528 2021-03-01 2022-02-28 04664528 2022-02-28 04664528 bus:Director1 1 2022-02-28 04664528 bus:OrdinaryShareClass1 2022-02-28 04664528 bus:OrdinaryShareClass2 2022-02-28 04664528 bus:OrdinaryShareClass3 2022-02-28 04664528 bus:OrdinaryShareClass4 2022-02-28 04664528 core:CurrentFinancialInstruments 2022-02-28 04664528 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 04664528 bus:Director1 1 2021-03-01 2022-02-28 04664528 core:JointVenture1 2021-03-01 2022-02-28 04664528 bus:Director1 1 2021-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04664528

Woodlawn Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Woodlawn Investments Limited

(Registration number: 04664528)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1

1

Current assets

 

Debtors

5

62,227

59,997

Cash at bank and in hand

 

54,780

55,627

 

117,007

115,624

Creditors: Amounts falling due within one year

6

(2,199)

(2,269)

Net current assets

 

114,808

113,355

Net assets

 

114,809

113,356

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

114,709

113,256

Shareholders' funds

 

114,809

113,356

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 October 2023 and signed on its behalf by:
 

.........................................
Mr D H Watt
Director

 

Woodlawn Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o Easterbrook Eaton Ltd
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

The principal place of business is:
Southcombe House
Salcombe Regis
Sidmouth
Devon
EX10 0JN

These financial statements were authorised for issue by the Board on 3 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Woodlawn Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Investments in joint ventures are shown on the equity accounting method, comprising initial recognition and adjusted each period for investor's share of profits and losses, other comprehensive income and equity of the jointly controlled entity. Amounts are shown in current assets as amounts recievable.

Investments in associates and inor shareholdings are shown as fixed asset investments at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Woodlawn Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in joint ventures

1

1

Joint ventures

£

Cost

At 1 March 2022

1

Provision

Carrying amount

At 28 February 2023

1

At 28 February 2022

1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Joint ventures

Milford Estates (Milton)

1st Floor, Kestrel House, Knightrider, Maidstone, ME15 6UL

Unincorporated entity

25%

25%

 

England

     

Joint ventures

Milford Estates (Milton)

The principal activity of Milford Estates (Milton) is property development and investments.
The investment is shown on the equity method and recognises the initial investment, profits and loss to date and the advance and repayment of loans to date. Amounts are shown in current assets as amounts owing from undertaking.

 

Woodlawn Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

8

62,227

59,997

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

900

900

Taxation and social security

982

1,052

Other creditors

317

317

2,199

2,269

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

"A" Ordinary of £1 each

30

30

30

30

"B" Ordinary of £1 each

30

30

30

30

"C" Ordinary of £1 each

20

20

20

20

"D" Ordinary of £1 each

20

20

20

20

 

100

100

100

100

8

Related party transactions

Transactions with directors

2023

At 1 March 2022
£

At 28 February 2023
£

Mr D H Watt

Amounts advanced by director for working capital interest free

(317)

(317)

     
   

 

 

Woodlawn Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

2022

At 1 March 2021
£

Other payments made to company by director
£

At 28 February 2022
£

Mr D H Watt

Amounts advanced by director for working capital interest free

(174)

(143)

(317)