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REGISTERED NUMBER: 01813097 (England and Wales)











WOODCOCK MANAGEMENT SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






WOODCOCK MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 01813097)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


WOODCOCK MANAGEMENT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr S Price
Mrs D J Price
Mrs D C S Price





SECRETARY: Mrs D C S Price





REGISTERED OFFICE: Woodcock Farm
Woodcock Lane
Thirsk
YO7 2AB





REGISTERED NUMBER: 01813097 (England and Wales)





ACCOUNTANTS: UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW

WOODCOCK MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 01813097)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,930 7,451
Investments 5 132,628 138,703
Investment property 6 900,000 570,000
1,040,558 716,154

CURRENT ASSETS
Debtors 2,910 4,400
Cash at bank 23,969 26,545
26,879 30,945
CREDITORS
Amounts falling due within one year 20,617 23,242
NET CURRENT ASSETS 6,262 7,703
TOTAL ASSETS LESS CURRENT LIABILITIES 1,046,820 723,857

PROVISIONS FOR LIABILITIES 76,695 13,904
NET ASSETS 970,125 709,953

CAPITAL AND RESERVES
Called up share capital 150 150
Capital redemption reserve 850 850
Retained earnings
(non-distributable) 612,645 345,345
Retained earnings 356,480 363,608
970,125 709,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

WOODCOCK MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 01813097)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 November 2023 and were signed on its behalf by:





Mr S Price - Director


WOODCOCK MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 01813097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Woodcock Management Services 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 rents receivable in respect of investment property, 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.
Plant and machinery etc - 10% on reducing balance

Fixed asset investments
Fixed asset investments are held to earn investment income and for capital appreciation. Fixed asset investments are initially measured at cost, including transaction costs.

Subsequently, fixed asset investments are measured at fair value. Fixed asset investment valuations are based on market value. Gains and losses arising from changes in the fair value of fixed asset investments are included in the profit and loss account in the period in which they arise.

Investment property
Investment properties are held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on an open market value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account and non-distributable reserves in the period in which they arise.

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 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.


WOODCOCK MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 01813097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 24,642
Additions 1,268
At 31 March 2023 25,910
DEPRECIATION
At 1 April 2022 17,191
Charge for year 789
At 31 March 2023 17,980
NET BOOK VALUE
At 31 March 2023 7,930
At 31 March 2022 7,451

WOODCOCK MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 01813097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 April 2022 138,703
Additions 4,072
Disposals (4,327 )
Revaluations (5,820 )
At 31 March 2023 132,628
NET BOOK VALUE
At 31 March 2023 132,628
At 31 March 2022 138,703

Cost or valuation at 31 March 2023 is represented by:
Totals
£   
Valuation in 2023 4,621
Cost 128,007
132,628

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 570,000
Revaluations 330,000
At 31 March 2023 900,000
NET BOOK VALUE
At 31 March 2023 900,000
At 31 March 2022 570,000

Investment property was professionally valued in the year.

The amount credited to the profit and loss account in respect of fair value adjustment in the year was £330,000 (2022: £nil).