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REGISTERED NUMBER: 01094189 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

WOODWAY HOLDINGS LIMITED

WOODWAY HOLDINGS LIMITED (REGISTERED NUMBER: 01094189)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WOODWAY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: D S Taylor
K G V Taylor





SECRETARY: S Klesniks





REGISTERED OFFICE: Lower Road
Barnacle
Shilton
Nr Coventry
CV7 9LD





REGISTERED NUMBER: 01094189 (England and Wales)





AUDITORS: Prime
Chartered Accountants
Statutory Auditor
Corner Oak
1 Homer Road
Solihull
B91 3QG

WOODWAY HOLDINGS LIMITED (REGISTERED NUMBER: 01094189)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,927,950 3,016,561
Investments 5 5,000,100 5,000,100
Investment property 6 1,121,235 987,195
9,049,285 9,003,856

CURRENT ASSETS
Debtors 7 15,244 328,142
Cash at bank 4,468,259 1,847,742
4,483,503 2,175,884
CREDITORS
Amounts falling due within one year 8 485,062 31,556
NET CURRENT ASSETS 3,998,441 2,144,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,047,726

11,148,184

PROVISIONS FOR LIABILITIES 6,670 6,971
NET ASSETS 13,041,056 11,141,213

CAPITAL AND RESERVES
Called up share capital 9 71 71
Capital redemption reserve 30 30
Retained earnings 13,040,955 11,141,112
SHAREHOLDERS' FUNDS 13,041,056 11,141,213

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 28 March 2024 and were signed on its behalf by:





D S Taylor - Director


WOODWAY HOLDINGS LIMITED (REGISTERED NUMBER: 01094189)

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


1. STATUTORY INFORMATION

Woodway Holdings 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Woodway Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 25 years
Improvements to property - Straight line over 15 years
Plant and machinery - 10% on reducing balance
Computer equipment - 50% on cost

No depreciation is charged on freehold land.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.


WOODWAY HOLDINGS LIMITED (REGISTERED NUMBER: 01094189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Current asset investments & investment properties are shown at fair value with changes in value being recognised through the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Computer
property property machinery equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 October 2022 3,245,620 36,272 41,303 - 3,323,195
Additions - 2,150 - 1,587 3,737
At 30 September 2023 3,245,620 38,422 41,303 1,587 3,326,932
DEPRECIATION
At 1 October 2022 264,160 8,987 33,487 - 306,634
Charge for year 87,409 3,364 782 793 92,348
At 30 September 2023 351,569 12,351 34,269 793 398,982
NET BOOK VALUE
At 30 September 2023 2,894,051 26,071 7,034 794 2,927,950
At 30 September 2022 2,981,460 27,285 7,816 - 3,016,561

Included in cost or valuation of land and buildings is freehold land of £ 753,258 (2022 - £ 753,258 ) which is not depreciated.

WOODWAY HOLDINGS LIMITED (REGISTERED NUMBER: 01094189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2023 is represented by:

Improvements
Freehold to Plant and Computer
property property machinery equipment Totals
£    £    £    £    £   
Valuation in 2021 - (2,716 ) - - (2,716 )
Cost 3,245,620 41,138 41,303 1,587 3,329,648
3,245,620 38,422 41,303 1,587 3,326,932

If the property and improvements had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 491,706 491,706
Aggregate depreciation 92,323 92,323

Property & improvements were valued on an open market basis on 17 December 2020 by Loveitts Chartered Surveyors .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 5,000,100
NET BOOK VALUE
At 30 September 2023 5,000,100
At 30 September 2022 5,000,100

WOODWAY HOLDINGS LIMITED (REGISTERED NUMBER: 01094189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 987,195
Additions 494,040
Disposals (360,000 )
At 30 September 2023 1,121,235
NET BOOK VALUE
At 30 September 2023 1,121,235
At 30 September 2022 987,195

The directors have valued the properties based on experience and are of the opinion that the fair value of investment property included in the accounts is an accurate reflection based on current market values.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 15,244 328,142

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 100 2,652
Taxation and social security 37,176 15,724
Other creditors 447,786 13,180
485,062 31,556

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 2023 2022
Value: £    £   

48 (2022: 48) Ordinary 'A' £1 48 48
22 (2022: 22) Ordinary 'B' £1 22 22
1 (2022:1) Ordinary 'D' £1 1 1

71 71

WOODWAY HOLDINGS LIMITED (REGISTERED NUMBER: 01094189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Morgan Davies FCA (Senior Statutory Auditor)
for and on behalf of Prime