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REGISTERED NUMBER: 12039495 (England and Wales)















WOODSIDE PROPERTY RENTALS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023






WOODSIDE PROPERTY RENTALS LTD (REGISTERED NUMBER: 12039495)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODSIDE PROPERTY RENTALS LTD

COMPANY INFORMATION
for the year ended 30 April 2023







DIRECTORS: Mr M S Walker
Mrs M J Walker
Mr M J Walker
Mr A C Walker





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 12039495 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

WOODSIDE PROPERTY RENTALS LTD (REGISTERED NUMBER: 12039495)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 300,000 300,000

CURRENT ASSETS
Debtors 5 158 105
Cash at bank 13,351 8,610
13,509 8,715
CREDITORS
Amounts falling due within one year 6 (226,677 ) (226,517 )
NET CURRENT LIABILITIES (213,168 ) (217,802 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,832

82,198

PROVISIONS FOR LIABILITIES 7 (22,379 ) (17,391 )
NET ASSETS 64,453 64,807

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 69,152 91,531
Retained earnings (4,799 ) (26,824 )
SHAREHOLDERS' FUNDS 64,453 64,807

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

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

WOODSIDE PROPERTY RENTALS LTD (REGISTERED NUMBER: 12039495)

BALANCE SHEET - continued
30 April 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 Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:




Mrs M J Walker - Director



Mr M S Walker - Director


WOODSIDE PROPERTY RENTALS LTD (REGISTERED NUMBER: 12039495)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2023


1. STATUTORY INFORMATION

Woodside Property Rentals Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is recognised on a monthly basis when rents are due.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

WOODSIDE PROPERTY RENTALS LTD (REGISTERED NUMBER: 12039495)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 300,000
NET BOOK VALUE
At 30 April 2023 300,000
At 30 April 2022 300,000

Fair value at 30 April 2023 is represented by:
£   
Valuation in 2023 300,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 208,470 208,470

Investment property was valued on an open market basis on 30 April 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 158 105

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to associates 222,400 222,400
Other creditors 4,277 4,117
226,677 226,517

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 22,379 17,391

Deferred
tax
£   
Balance at 1 May 2022 17,391
Charge to Income Statement during year 4,988
Balance at 30 April 2023 22,379

WOODSIDE PROPERTY RENTALS LTD (REGISTERED NUMBER: 12039495)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2023


8. RESERVES
Revaluation
reserve
£   
At 1 May 2022 91,531
Revaluation (22,379 )

At 30 April 2023 69,152

9. RELATED PARTY DISCLOSURES

Creditors includes loans due to Directors totalling £2,513 (£2,513 - 2022). The loans are on an interest free basis.

A loan of £222,400 (£222,400 - 2022) was outstanding at 30 April 2023 to Walker Timber & Fencing Centre Limited on an interest free basis. Some of the directors and shareholders of Woodside Property Rentals Limited are also directors and shareholders of Walker Timber & Fencing Centre Limited.