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REGISTERED NUMBER: 09564018 (England and Wales)






Unaudited Financial Statements for the Year Ended 31 March 2023

for

Woodward & Falconer Property Ltd

Woodward & Falconer Property Ltd (Registered number: 09564018)






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 4


Woodward & Falconer Property Ltd

Company Information
for the Year Ended 31 March 2023







Directors: J A Woodward
D C Falconer
W Barlow





Registered office: 67 High Street
Tarporley
Cheshire
CW6 0DP





Registered number: 09564018 (England and Wales)





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

Woodward & Falconer Property Ltd (Registered number: 09564018)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Property, plant and equipment 5 - 15,680
1 15,681

CURRENT ASSETS
Inventories - 14,487
Debtors 6 45,692 54,908
Cash at bank and in hand 1,636 112,537
47,328 181,932
CREDITORS
Amounts falling due within one year 7 256,635 405,420
NET CURRENT LIABILITIES (209,307 ) (223,488 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(209,306

)

(207,807

)

CREDITORS
Amounts falling due after more than one
year

8

40,274

45,836
NET LIABILITIES (249,580 ) (253,643 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (249,582 ) (253,645 )
SHAREHOLDERS' FUNDS (249,580 ) (253,643 )

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.

Woodward & Falconer Property Ltd (Registered number: 09564018)

Statement of Financial Position - 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.

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 21 December 2023 and were signed on its behalf by:





J A Woodward - Director


Woodward & Falconer Property Ltd (Registered number: 09564018)

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

1. STATUTORY INFORMATION

Woodward & Falconer Property 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.

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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost and 10% on cost

STOCKS
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Woodward & Falconer Property Ltd (Registered number: 09564018)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022 102,806
Disposals (102,806 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 87,126
Eliminated on disposal (87,126 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 15,680

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 290
Other debtors 45,692 54,618
45,692 54,908

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 33,183
Taxation and social security 1,553 18,213
Other creditors 255,082 354,024
256,635 405,420

Woodward & Falconer Property Ltd (Registered number: 09564018)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 40,274 45,836

9. RELATED PARTY DISCLOSURES

The balance on the directors loan accounts at 31 March 2023 amounted to £205,697 which are included in other creditors.

The director's loan accounts are unsecured, interest free and repayable upon demand.

At 31 March 2023 the amount due from Woodward and Falconer Management Co Limited amounted to £142,029. The amount due to WAF Group Limited amounted to £175,000.