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REGISTERED NUMBER: 01688951 (England and Wales)













WOODHAM BROTHERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






WOODHAM BROTHERS LIMITED (REGISTERED NUMBER: 01688951)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODHAM BROTHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: S Woodham
J D Woodham





SECRETARY: S Woodham





REGISTERED OFFICE: 1st Floor Tudor House
16 Cathedral Road
Cardiff
Cardiff
CF11 9LJ





REGISTERED NUMBER: 01688951 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

WOODHAM BROTHERS LIMITED (REGISTERED NUMBER: 01688951)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,777 43,056
Investment property 5 123,612 129,231
158,389 172,287

CURRENT ASSETS
Debtors 6 70,697 62,869
Cash at bank 548,552 492,937
619,249 555,806
CREDITORS
Amounts falling due within one year 7 65,284 48,511
NET CURRENT ASSETS 553,965 507,295
TOTAL ASSETS LESS CURRENT LIABILITIES 712,354 679,582

PROVISIONS FOR LIABILITIES 6,608 7,726
NET ASSETS 705,746 671,856

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 655,746 621,856
705,746 671,856

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

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

WOODHAM BROTHERS LIMITED (REGISTERED NUMBER: 01688951)

BALANCE SHEET - continued
31ST MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th November 2023 and were signed on its behalf by:





J D Woodham - Director


WOODHAM BROTHERS LIMITED (REGISTERED NUMBER: 01688951)

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


1. STATUTORY INFORMATION

Woodham Brothers 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.

Turnover
Turnover comprises rent and insurance premiums receivable, exclusive of value added tax where applicable.

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 - 25% on reducing balance
Fixtures and fittings - 33.33% straight line on cost
Motor vehicles - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

WOODHAM BROTHERS LIMITED (REGISTERED NUMBER: 01688951)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Property maintenance costs
In the absence of a specific intention by the board of either a disposition or substantial reconstruction of letting units in investment properties, all expenditure incurred on general repair, maintenance and upgrade is written off as incurred.

Government grants
Government grants are recognised over the period for which the grant is intended to compensate. Grants that are receivable as compensation for expenses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st April 2022 87,370 4,899 10,000 102,269
Additions 2,505 501 - 3,006
Disposals (2,300 ) (902 ) - (3,202 )
At 31st March 2023 87,575 4,498 10,000 102,073
DEPRECIATION
At 1st April 2022 45,223 4,223 9,767 59,213
Charge for year 10,901 318 59 11,278
Eliminated on disposal (2,294 ) (901 ) - (3,195 )
At 31st March 2023 53,830 3,640 9,826 67,296
NET BOOK VALUE
At 31st March 2023 33,745 858 174 34,777
At 31st March 2022 42,147 676 233 43,056

WOODHAM BROTHERS LIMITED (REGISTERED NUMBER: 01688951)

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


5. INVESTMENT PROPERTY
Total
£   
COST
At 1st April 2022
and 31st March 2023 258,434
DEPRECIATION
At 1st April 2022 129,203
Charge for year 5,619
At 31st March 2023 134,822
NET BOOK VALUE
At 31st March 2023 123,612
At 31st March 2022 129,231

Investment property comprises a leasehold property where the cost of the property is being amortised over the life of the lease. Rent payable under the terms of the lease are charged as an expense in the period to which the payment relates.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 16,057 9,992
Other debtors 54,640 52,877
70,697 62,869

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 338 631
Taxation and social security 25,334 18,693
Other creditors 39,612 29,187
65,284 48,511

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 41,000 -
Between one and five years - 41,000
41,000 41,000

WOODHAM BROTHERS LIMITED (REGISTERED NUMBER: 01688951)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
S Woodham
Balance outstanding at start of year 17 -
Amounts advanced - 17
Amounts repaid (17 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 17