WOODHAM HOUSE LIMITED |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022 |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rental and other income, excluding value added tax. |
Tangible fixed assets |
Computer equipment | - |
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 |
DEPRECIATION |
At 1st September 2021 |
and 31st August 2022 |
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 |
NET BOOK VALUE |
At 31st August 2022 |
At 31st August 2021 |
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 |
Other debtors |
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 |
Amounts owed to associates | 426,675 | 567,675 |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.8.22 | 31.8.21 |
£ | £ |
Bank loans |
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 |
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. |