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Company Registration No. 10058872 (England and Wales)
Woodspring Property Limited Unaudited accounts for the year ended 31 March 2023
Woodspring Property Limited Unaudited accounts Contents
Page
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Woodspring Property Limited Company Information for the year ended 31 March 2023
Directors
R Thompson K Towers
Company Number
10058872 (England and Wales)
Registered Office
37 SPRING LANE HARROGATE HG3 1NP UNITED KINGDOM
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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Woodspring Property Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
750,000 
750,000 
Current assets
Debtors
11,986 
9,285 
Cash at bank and in hand
34,261 
29,152 
46,247 
38,437 
Creditors: amounts falling due within one year
(293,585)
(290,527)
Net current liabilities
(247,338)
(252,090)
Total assets less current liabilities
502,662 
497,910 
Creditors: amounts falling due after more than one year
(180,882)
(206,810)
Provisions for liabilities
Deferred tax
(18,248)
(18,248)
Net assets
303,532 
272,852 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
60,750 
60,750 
Profit and loss account
242,682 
212,002 
Shareholders' funds
303,532 
272,852 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by
R Thompson Director Company Registration No. 10058872
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Woodspring Property Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Woodspring Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10058872. The registered office is 37 SPRING LANE, HARROGATE, HG3 1NP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for rental income during the period.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Fair value at 1 April 2022
750,000 
At 31 March 2023
750,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,970 
7,323 
Accrued income and prepayments
694 
640 
Other debtors
1,322 
1,322 
11,986 
9,285 
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Woodspring Property Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
19,738 
19,542 
VAT
371 
5,338 
Trade creditors
13,856 
650 
Amounts owed to group undertakings and other participating interests
5,874 
4,568 
Taxes and social security
15,562 
8,245 
Other creditors
2,830 
2,830 
Loans from directors
235,354 
249,354 
293,585 
290,527 
Svenska Handelsbanken hold a fixed charge over the property owned at Units 1-16, Clifton Forge Business Park, Forge Hill Lane, Knottingley, West Yorkshire.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
180,882 
206,810 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
T1 Asset Management Limited: The company is related to T1 Asset Management Limited by the virtue of a common director. During the period, the net transfers between the two companies were £1,306 received from T1 Asset Management Limited. The amount outstanding to T1 Asset Management Limited at the Balance Sheet date was £5,874 (2022: £4,568).
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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