REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 August 2023 |
for |
WOODBOURNE HOMES LTD |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 August 2023 |
for |
WOODBOURNE HOMES LTD |
WOODBOURNE HOMES LTD (REGISTERED NUMBER: 04302176) |
Contents of the Financial Statements |
for the Year Ended 31 August 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
WOODBOURNE HOMES LTD (REGISTERED NUMBER: 04302176) |
Balance Sheet |
31 August 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks | 7 |
Debtors | 8 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
WOODBOURNE HOMES LTD (REGISTERED NUMBER: 04302176) |
Notes to the Financial Statements |
for the Year Ended 31 August 2023 |
1. | STATUTORY INFORMATION |
Woodbourne Homes Ltd is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
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. |
WOODBOURNE HOMES LTD (REGISTERED NUMBER: 04302176) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | AUDITORS' REMUNERATION |
Period |
1.4.21 |
Year Ended | to |
31.8.23 | 31.8.22 |
£ | £ |
Fees payable to the company's auditors for the audit of the company's financial statements |
3,600 |
3,600 |
5. | INTANGIBLE FIXED ASSETS |
Patents |
and |
licences |
£ |
COST |
At 1 September 2022 |
and 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
At 31 August 2022 |
WOODBOURNE HOMES LTD (REGISTERED NUMBER: 04302176) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
6. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 September 2022 |
and 31 August 2023 |
DEPRECIATION |
At 1 September 2022 |
Charge for year |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
At 31 August 2022 |
7. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks |
Other Debtors | 189,010 | - |
Woodbourne Group (GSC) Ltd | 200 | - |
8. | DEBTORS |
2023 | 2022 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Woodbourne Group (Abbey Road) | 47,618 | 47,618 |
Global Wines (UK) Ltd | 7,255 | 7,255 |
Netw4rk Ltd | 834 | 834 |
Woodbourne Ventures (SC) Ltd | 200,000 | - |
Woodbourne Group (Saxon Way) |
Woodbourne Group (Barlestone) | 287,800 | 287,600 |
Investments |
TG&T Loans | 540,183 | 128,183 |
Full Moon UK ltd. Project | 968,937 | - |
Woodbourne Developments Ltd | 1,000 | - |
Apex House 6 Ltd | 654,650 | 644,650 |
Intercompany | - | 250 |
Woodbourne Group (Mill Street) |
Algar Grange Management | 17,145 | 16,845 |
Prepayments |
S455 TAX |
Woodbourne Group (Black Lake) | 510,523 | 510,523 |
Woodbourne Battensdrive | - | 1,304,550 |
WOODBOURNE HOMES LTD (REGISTERED NUMBER: 04302176) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
8. | DEBTORS - continued |
2023 | 2022 |
£ | £ |
Amounts falling due after more than one year: |
MINK CLOUD LTD |
Aggregate amounts |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Woodbourne Group PLC |
Corporation tax |
Social security and other taxes |
Rent Received in Advance | 21,649 | 20,077 |
Rent Deposits from tenants |
Wages Control Account | - | 2,680 |
Let & Manage Ltd | 16,130 | 16,130 |
Woodbourne Group (Dudley) Ltd | 86,162 | 106,162 |
Full Moon UK ltd. Project | - | 38,063 |
Woodbourne Battensdrive | 1,645,450 | - |
Directors' current accounts | 40 | 7,837 |
Accrued expenses |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more 5 yr by instal |
Bank loans more 5 yrs non-inst | 554,264 | 554,264 |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst | 554,264 | 554,264 |
Repayable by instalments |
Bank loans more 5 yr by instal | 1,343,606 | 1,696,519 |
WOODBOURNE HOMES LTD (REGISTERED NUMBER: 04302176) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
11. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank overdrafts |
Bank loans |
The loans and bank overdraft are secured by a fixed and floating charge and a first legal charge on freehold properties held by the company. |
12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the year ended 31 August 2023 and the period ended 31 August 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
Dividend for the year is £100,000 (£86,000 in 2022) |
WOODBOURNE HOMES LTD (REGISTERED NUMBER: 04302176) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2023 |
14. | RELATED PARTY DISCLOSURES |
The following current assets are due from related companies with no terms are attached to the transactions |
Woodbourne Group (GSC) Ltd = £200 (Nil in 2022) |
Woodbourne Group (Abbey Road) Ltd = £47,618 (£ 47,618 in 2022) |
Global Wines (UK) Ltd = £ 7,255 (£7,255 in 2022) |
Woodbourne Ventures (SC) Ltd = £200,000 (Nil on 2022) |
Netw4k Ltd = £ 834 (£ 834 in 2022) |
Woodbourne Group (Mill Street) Ltd = £ 1,399,295 (£1,299,295 in 2022) |
Woodbourne group(Saxon Way) Ltd = £ 718,891 (£691,242 in 2022) |
Apex House 6 Ltd = £ 654,650 (£ 644,650 in 2022) |
Woodbourne Battensdrive Ltd = Nil (£1,304,550 in 2022) |
Woodbourne Group (Barlestone) Ltd = £ 287,600 (£ 287,600 in 2022) |
Full Moon UK ltd = 968,937 (Nil in 2021) |
Woodbourne Developments Ltd = £1,000 (£Nil in 2022) |
Woodbourne Group (Black Lake) Ltd = £ 510,523 (£510,523 in 2022) |
Algar Grange Management Ltd = £ 17.845 (£16,845 in 2022) |
Mink Cloud Capital Ltd = £75,000 (75,000 in 2022) |
The following current liabilities are due to related companies with no terms attached to the transactions |
Woodbourne Group PLC = £99,500 (Nil on 2022) |
Let and Manage Ltd. = £ 16,130 (£ 16,130 in 2022) |
Full Moon (UK) Ltd = £ Nil (£38,063 in 2022) |
Woodbourne Group (Dudley) Ltd £ 86,162 (106,162 in 2022) |
Woodbourne Battensdrive ltd. = £1,645450 (Nil in 2022) |