2022-03-232023-03-212023-03-21false10375298WOODTHORPE VENTURES 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WOODTHORPE VENTURES LTD

Registered Number
10375298
(England and Wales)

Unaudited Financial Statements for the Period ended
21 March 2023

WOODTHORPE VENTURES LTD
Company Information
for the period from 23 March 2022 to 21 March 2023

Directors

PATEL, Hitesh Jayanand
PATEL, Jitendra Jayanand

Registered Address

2nd Floor Grove House
55 Lowlands Road
Harrow
HA1 3AW

Registered Number

10375298 (England and Wales)
WOODTHORPE VENTURES LTD
Balance Sheet as at
21 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5120,81490,712
120,81490,712
Current assets
Stocks63,5003,305
Debtors766,339284,532
Cash at bank and on hand58,27529,249
128,114317,086
Creditors amounts falling due within one year8(104,521)(277,044)
Net current assets (liabilities)23,59340,042
Total assets less current liabilities144,407130,754
Net assets144,407130,754
Capital and reserves
Called up share capital9999
Profit and loss account144,308130,655
Shareholders' funds144,407130,754
The financial statements were approved and authorised for issue by the Board of Directors on 10 March 2024, and are signed on its behalf by:
PATEL, Hitesh Jayanand
Director
PATEL, Jitendra Jayanand
Director

Registered Company No. 10375298
WOODTHORPE VENTURES LTD
Notes to the Financial Statements
for the period ended 21 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings5
Fixtures and fittings8
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 23 March 2211,000164,827175,827
Additions-57,95057,950
At 21 March 2311,000222,777233,777
Depreciation and impairment
At 23 March 2211,00074,11585,115
Charge for year-27,84827,848
At 21 March 2311,000101,963112,963
Net book value
At 21 March 23-120,814120,814
At 22 March 22-90,71290,712
6.Stocks

2023

2022

££
Other stocks3,5003,305
Total3,5003,305
7.Debtors

2023

2022

££
Trade debtors / trade receivables1,5264,173
Other debtors59,594268,259
Prepayments and accrued income3,35312,100
Other debtors (Non-current)1,866-
Total66,339284,532
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables19,590269,030
Taxation and social security8,925-
Other creditors74,135-
Accrued liabilities and deferred income1,8718,014
Total104,521277,044
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year