Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31buying and selling of own real estate.true2022-08-01false22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12896792 2022-08-01 2023-07-31 12896792 2021-02-01 2022-07-31 12896792 2023-07-31 12896792 2022-07-31 12896792 c:Director2 2022-08-01 2023-07-31 12896792 d:CurrentFinancialInstruments 2023-07-31 12896792 d:CurrentFinancialInstruments 2022-07-31 12896792 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12896792 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12896792 d:ShareCapital 2023-07-31 12896792 d:ShareCapital 2022-07-31 12896792 d:RetainedEarningsAccumulatedLosses 2023-07-31 12896792 d:RetainedEarningsAccumulatedLosses 2022-07-31 12896792 c:FRS102 2022-08-01 2023-07-31 12896792 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12896792 c:FullAccounts 2022-08-01 2023-07-31 12896792 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12896792 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 12896792














WOOLBRO OAKDENE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JULY 2023

 
WOOLBRO OAKDENE LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 5


 
WOOLBRO OAKDENE LIMITED
REGISTERED NUMBER:12896792

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1,407
263,299

Cash at bank and in hand
  
101,136
166,931

  
102,543
430,230

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(515,373)
(417,181)

Net current (liabilities)/assets
  
 
 
(412,830)
 
 
13,049

  

Net (liabilities)/assets
  
(412,830)
13,049


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(412,930)
12,949

  
(412,830)
13,049


Page 1

 
WOOLBRO OAKDENE LIMITED
REGISTERED NUMBER:12896792
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 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 comprehensive income 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: 




D A Woolman
Director

Date: 21 March 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
WOOLBRO OAKDENE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Woolbro Oakdene Limited is a private company limited by shares incorporated in England and Wales. The registered office is Third Floor Winston House, 2 Dollis Park, London, N3 1HG. 
The principal activity of the company continued to be that of buying and selling of own real estate.
The company's functional and presentational currency is £ Sterling. 

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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the sale of properties provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from the sale of properties is recognised when the significant risks an rewards of ownership of the properties have passed to the buyer, i.e. when contracts are legally binding with all contractual conditions met, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

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.

 
2.4

Taxation

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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

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.

Page 3

 
WOOLBRO OAKDENE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

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 4

 
WOOLBRO OAKDENE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
-
220,792

Other debtors
1,407
42,507

1,407
263,299



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
630
14,423

Amounts owed to group undertakings
431,683
-

Corporation tax
83,060
402,524

Other creditors
-
234

515,373
417,181



6.


Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.


7.


Controlling party

The ultimate parent company is Woolbro Homes Limited. 
There is no ultimate controlling party.

 
Page 5