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WOODHAM HOUSE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022






WOODHAM HOUSE LIMITED (REGISTERED NUMBER: 03720217)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODHAM HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2022







DIRECTORS: S P Fenn
Mrs S L Fenn





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 03720217 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

WOODHAM HOUSE LIMITED (REGISTERED NUMBER: 03720217)

BALANCE SHEET
31ST AUGUST 2022

31.8.22 31.8.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 3,819,056 3,819,056
3,819,056 3,819,056

CURRENT ASSETS
Debtors 6 338,096 341,346
Cash at bank 7,918 32,571
346,014 373,917
CREDITORS
Amounts falling due within one year 7 486,168 601,402
NET CURRENT LIABILITIES (140,154 ) (227,485 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,678,902

3,591,571

CREDITORS
Amounts falling due after more than one
year

8

(1,287,722

)

(1,300,000

)

PROVISIONS FOR LIABILITIES (333,964 ) (333,964 )
NET ASSETS 2,057,216 1,957,607

CAPITAL AND RESERVES
Called up share capital 700,000 700,000
Retained earnings 1,357,216 1,257,607
SHAREHOLDERS' FUNDS 2,057,216 1,957,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WOODHAM HOUSE LIMITED (REGISTERED NUMBER: 03720217)

BALANCE SHEET - continued
31ST AUGUST 2022


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 Board of Directors and authorised for issue on 21st September 2023 and were signed on its behalf by:





S P Fenn - Director


WOODHAM HOUSE LIMITED (REGISTERED NUMBER: 03720217)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2022

1. STATUTORY INFORMATION

Woodham House 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental and other income, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment properties are included in the balance sheet at their most recent valuation in accordance with the Financial Reporting Standard FRS102 and are not depreciated. The valuation was previously carried out by commercial property consultants and the fair value for 2018 was established and estimated by the directors. In the opinion of the directors, this provides a true and fair view of the financial position of the company.

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.

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.

Deferred tax is provided in respect of investment property that is measured at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

WOODHAM HOUSE LIMITED (REGISTERED NUMBER: 03720217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2022

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st September 2021
and 31st August 2022 727
DEPRECIATION
At 1st September 2021
and 31st August 2022 727
NET BOOK VALUE
At 31st August 2022 -
At 31st August 2021 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2021
and 31st August 2022 3,819,056
NET BOOK VALUE
At 31st August 2022 3,819,056
At 31st August 2021 3,819,056

Fair value at 31st August 2022 is represented by:
£   
Valuation in 2014 215,000
Valuation in 2015 463,616
Valuation in 2017 991,206
Valuation in 2018 819,056
Cost 1,330,178
3,819,056

The property known as "Woodham House" was revalued by the directors during 2017 and considered appropriately valued as a consequence, at the year end.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Amounts owed by associates 323,200 323,200
Other debtors 14,896 18,146
338,096 341,346

WOODHAM HOUSE LIMITED (REGISTERED NUMBER: 03720217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Trade creditors 4,597 4,387
Amounts owed to associates 426,675 567,675
Taxation and social security 51,056 25,920
Other creditors 3,840 3,420
486,168 601,402

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.22 31.8.21
£    £   
Bank loans 1,287,722 1,300,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,300,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.22 31.8.21
£    £   
Bank loans 1,287,722 1,300,000

Cynergy Bank Limited held a fixed and floating charge over all assets of the company which was outstanding at the year end.

10. RELATED PARTY DISCLOSURES

During the year, the company received rent from a company, Fennies Day Nurseries Limited, which is associated by virtue of common control.The rent was charged at market value.

At the year end, balances were owed to associated companies as follows:
Fennies Day Nurseries Limited: £190,712 (2021: £331,712)
Origen Developments Ltd £235,963 (2021:235,963)

At the year end, balances were owed by associated companies as follows:
Albrin Capital Ltd - £323,200 (2021: owed £323,200).

All balances were interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The director, S Fenn is the ultimate controlling party by virtue of his holding the majority of the voting rights in the parent company, Albrin Capital Limited.