Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-3022022-05-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11322866 2022-05-01 2023-04-30 11322866 2021-05-01 2022-04-30 11322866 2023-04-30 11322866 2022-04-30 11322866 2021-05-01 11322866 c:Director1 2022-05-01 2023-04-30 11322866 c:Director2 2022-05-01 2023-04-30 11322866 d:FurnitureFittings 2022-05-01 2023-04-30 11322866 d:OtherPropertyPlantEquipment 2023-04-30 11322866 d:OtherPropertyPlantEquipment 2022-04-30 11322866 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 11322866 d:FreeholdInvestmentProperty 2023-04-30 11322866 d:FreeholdInvestmentProperty 2022-04-30 11322866 d:FreeholdInvestmentProperty 2 2022-05-01 2023-04-30 11322866 d:CurrentFinancialInstruments 2023-04-30 11322866 d:CurrentFinancialInstruments 2022-04-30 11322866 d:Non-currentFinancialInstruments 2023-04-30 11322866 d:Non-currentFinancialInstruments 2022-04-30 11322866 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11322866 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 11322866 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11322866 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 11322866 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 11322866 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-04-30 11322866 d:ShareCapital 2023-04-30 11322866 d:ShareCapital 2022-04-30 11322866 d:RetainedEarningsAccumulatedLosses 2023-04-30 11322866 d:RetainedEarningsAccumulatedLosses 2022-04-30 11322866 c:OrdinaryShareClass1 2022-05-01 2023-04-30 11322866 c:OrdinaryShareClass1 2023-04-30 11322866 c:OrdinaryShareClass1 2022-04-30 11322866 c:FRS102 2022-05-01 2023-04-30 11322866 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 11322866 c:FullAccounts 2022-05-01 2023-04-30 11322866 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 11322866 2 2022-05-01 2023-04-30 11322866 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 11322866 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 11322866 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 11322866 d:TaxLossesCarry-forwardsDeferredTax 2022-04-30 11322866 d:OtherDeferredTax 2023-04-30 11322866 d:OtherDeferredTax 2022-04-30 11322866 f:PoundSterling 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11322866









WOODLANDS END PROPERTIES LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
WOODLANDS END PROPERTIES LTD
REGISTERED NUMBER: 11322866

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
90
121

Investment property
 5 
325,000
300,000

  
325,090
300,121

Current assets
  

Debtors Within One Year
 6 
1,050
2,345

Cash at bank
  
2,581
2,752

Current liabilities
  
3,631
5,097

Creditors: amounts falling due within one year
 7 
(104,987)
(107,904)

Net current liabilities
  
 
 
(101,356)
 
 
(102,807)

Total assets less current liabilities
  
223,734
197,314

Creditors: amounts falling due after more than one year
 8 
(174,024)
(174,024)

Provisions for liabilities
  

Deferred tax
 10 
(11,580)
-

Net assets
  
38,130
23,290


Capital and reserves
  

Called up share capital 
 11 
1
1

Profit and loss account
  
38,129
23,289

  
38,130
23,290


Page 1

 
WOODLANDS END PROPERTIES LTD
REGISTERED NUMBER: 11322866

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 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 statement of income and retained earnings 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: 






Mrs S A Hornibrook
Mr S E Hornibrook
Director
Director


Date: 1 February 2024
Date:1 February 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
WOODLANDS END PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Woodlands End Properties Ltd is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is 26 Woodlands Road, Great Shelford, Cambridge, CB22 5LW. This Company is not part of a group.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
WOODLANDS END PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 corporation 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by the directors the Company and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
WOODLANDS END PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.9

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.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
WOODLANDS END PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




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

Page 6

 
WOODLANDS END PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Tangible fixed assets





Other fixed assets

£



Cost 


At 1 May 2022
484



At 30 April 2023

484



Depreciation


At 1 May 2022
363


Charge for the year on owned assets
31



At 30 April 2023

394



Net book value



At 30 April 2023
90



At 30 April 2022
121

Page 7

 
WOODLANDS END PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2022
300,000


Surplus on revaluation
25,000



At 30 April 2023
325,000


Comprising


Cost
274,582

Annual revaluation surplus/(deficit):


2021
10,418

2022
15,000

2023
25,000

At 30 April 2023
325,000

The 2023 valuations were made by the directors', on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
274,582
274,582


6.


Debtors

2023
2022
£
£


Accrued income
1,050
1,050

Deferred taxation
-
1,295

1,050
2,345


Page 8

 
WOODLANDS END PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
103,368
106,518

Accruals
1,619
1,386

104,987
107,904



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
174,024
174,024


Included within creditors are secured debts amounting to £174,024 (2022 - £174,024) which are secured on the fixed assets to which they relate.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
174,024
174,024


Page 9

 
WOODLANDS END PROPERTIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

10.


Deferred taxation




2023
2022


£

£






At beginning of year
1,295
(31)


Charged to profit or loss
(12,875)
1,326



At end of year
(11,580)
1,295

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(22)
(23)

Tax losses carried forward
1,046
1,318

Provision for revaluation gain
(12,604)
-

(11,580)
1,295


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



12.


Related party transactions

During the year the Company operated loans with the directors of the Company. The amount payable to the directors of the Company at the year end was £103,368 (2022 - £106,518). These loans are interest free and repayable on demand.


Page 10