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REGISTERED NUMBER: 08534139 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

WOODGATE HOMES LIMITED

WOODGATE HOMES LIMITED (REGISTERED NUMBER: 08534139)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODGATE HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mrs C Hutson
Mr J P Hutson





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 08534139 (England and Wales)

WOODGATE HOMES LIMITED (REGISTERED NUMBER: 08534139)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 118,715 147,320

CURRENT ASSETS
Stocks 2,502,517 1,814,543
Debtors 5 3,019 37,181
Cash at bank 398,677 14,867
2,904,213 1,866,591
CREDITORS
Amounts falling due within one year 6 2,118,117 1,476,350
NET CURRENT ASSETS 786,096 390,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

904,811

537,561

CREDITORS
Amounts falling due after more than one year 7 (371,390 ) -

PROVISIONS FOR LIABILITIES (10,480 ) (9,619 )
NET ASSETS 522,941 527,942

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 522,841 527,842
SHAREHOLDERS' FUNDS 522,941 527,942

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

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

WOODGATE HOMES LIMITED (REGISTERED NUMBER: 08534139)

BALANCE SHEET - continued
31 MAY 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 February 2024 and were signed on its behalf by:




Mr J P Hutson - Director



Mrs C Hutson - Director


WOODGATE HOMES LIMITED (REGISTERED NUMBER: 08534139)

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


1. STATUTORY INFORMATION

Woodgate Homes 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 is measured at the fair value of the consideration received or receivable. It is recognised at the point that the ownership of the property is transferred and this is considered to be on legal completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks and work in progress (except long term contracts) are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

3. EMPLOYEES AND DIRECTORS

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

WOODGATE HOMES LIMITED (REGISTERED NUMBER: 08534139)

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


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 198,395 3,066 201,461
Additions - 1,073 1,073
At 31 May 2023 198,395 4,139 202,534
DEPRECIATION
At 1 June 2022 52,642 1,499 54,141
Charge for year 29,150 528 29,678
At 31 May 2023 81,792 2,027 83,819
NET BOOK VALUE
At 31 May 2023 116,603 2,112 118,715
At 31 May 2022 145,753 1,567 147,320

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,019 37,181

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 2,118,117 1,476,350

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 371,390 -

8. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mr & Mrs JP Hutson by reason of their directorships and 100% shareholding.