Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-3022falsetrue2022-07-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08745434 2022-07-01 2023-06-30 08745434 2021-07-01 2022-06-30 08745434 2023-06-30 08745434 2022-06-30 08745434 c:Director1 2022-07-01 2023-06-30 08745434 d:CurrentFinancialInstruments 2023-06-30 08745434 d:CurrentFinancialInstruments 2022-06-30 08745434 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08745434 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 08745434 d:ShareCapital 2023-06-30 08745434 d:ShareCapital 2022-06-30 08745434 d:RetainedEarningsAccumulatedLosses 2023-06-30 08745434 d:RetainedEarningsAccumulatedLosses 2022-06-30 08745434 c:FRS102 2022-07-01 2023-06-30 08745434 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 08745434 c:FullAccounts 2022-07-01 2023-06-30 08745434 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 08745434 d:ImmediateParent 2022-07-01 2023-06-30 08745434 d:ImmediateParent 2023-06-30 08745434 d:ImmediateParent 2022-06-30 iso4217:GBP xbrli:pure

Registered number: 08745434









WOODBERRY PROPERTY DEVELOPMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
WOODBERRY PROPERTY DEVELOPMENT LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5


 
WOODBERRY PROPERTY DEVELOPMENT LTD
REGISTERED NUMBER: 08745434

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
1,021,130
1,021,130

Debtors: amounts falling due within one year
 5 
1,139,808
1,166,397

  
2,160,938
2,187,527

Creditors: amounts falling due within one year
 6 
(29,788)
(53,518)

Net current assets
  
 
 
2,131,150
 
 
2,134,009

Total assets less current liabilities
  
2,131,150
2,134,009

  

Net assets
  
2,131,150
2,134,009


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
2,131,148
2,134,007

  
2,131,150
2,134,009


Page 1

 
WOODBERRY PROPERTY DEVELOPMENT LTD
REGISTERED NUMBER: 08745434
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




W Roiter
Director

Date: 26 October 2023


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
WOODBERRY PROPERTY DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Woodberry Property Development Limited is a private company, limited by shares, incorporated in England and Wales. The address of the registered office is 45 Gresham, London, EC2V 7BG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

These financial statements are prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” as applied in the context of the small entities regime and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Turnover comprises rentals received by the company during the year.

 
2.3

Stocks

Stocks and Work in Progress principally comprise properties held for development and subsequent sale. All stocks are carried at the lower of costs and net realisable value.
Cost comprises buildings, direct materials and, where applicable, direct labour costs that have been incurred in bringing the stock to their present condition. Net realisable value represents the estimated selling price less any further costs expected to be incurred to completion and disposal.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
WOODBERRY PROPERTY DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

  Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
WOODBERRY PROPERTY DEVELOPMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Stocks

2023
2022
£
£

Property held for sale
1,021,130
1,021,130



5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
1,138,786
1,163,440

Prepayments and accrued income
1,022
2,957

1,139,808
1,166,397


ncluded in debtors is an amount owed to the company by its parent undertaking of £1,138,786 (2022 - £1,168,440).  This loan is interest free and repayable on demand.


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
37,727

Other creditors
400
400

Accruals and deferred income
29,388
15,391

29,788
53,518


 
Page 5