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REGISTERED NUMBER: 09655720 (England and Wales)






Unaudited Financial Statements for the Year Ended 31 March 2023

for

Woodward & Falconer Management
Co Limited

Woodward & Falconer Management
Co Limited (Registered number: 09655720)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3


Woodward & Falconer Management
Co Limited

Company Information
for the Year Ended 31 March 2023







Director: J A Woodward





Registered office: 67 High Street
Tarporley
Cheshire
CW6 0DP





Registered number: 09655720 (England and Wales)





Accountants: Ridgway and Company
The Office,
Ffordd Pentre Bach,
Nercwys.
Mold
Flintshire
CH7 4EG

Woodward & Falconer Management
Co Limited (Registered number: 09655720)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Debtors 4 4,224 20,108
Cash at bank 769 32,221
4,993 52,329
CREDITORS
Amounts falling due within one year 5 333,941 329,211
NET CURRENT LIABILITIES (328,948 ) (276,882 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(328,948

)

(276,882

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (328,949 ) (276,883 )
SHAREHOLDERS' FUNDS (328,948 ) (276,882 )

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 director acknowledges his 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.

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 director and authorised for issue on 12 December 2023 and were signed by:





J A Woodward - Director


Woodward & Falconer Management
Co Limited (Registered number: 09655720)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Woodward & Falconer Management Co 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.

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.

TURNOVER
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 4,000 -
Other debtors 224 20,108
4,224 20,108

Woodward & Falconer Management
Co Limited (Registered number: 09655720)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 762 88
Taxation and social security 629 12,167
Other creditors 332,550 316,956
333,941 329,211

6. RELATED PARTY DISCLOSURES

At 31 March 2023, the company owed WAF Group Limited an amount of £128,856 and Woodward & Falconer Property Limited an amount of £142,029. This was in respect of loans advanced to the company.