Company registration number 12674180 (England and Wales)
WOODSTOCK COMMERCIAL PROPERTY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
WOODSTOCK COMMERCIAL PROPERTY LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WOODSTOCK COMMERCIAL PROPERTY LTD
BALANCE SHEET
AS AT 30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
550,956
536,848
Current assets
Debtors
4
4,900
100
Cash at bank and in hand
4,687
10,671
9,587
10,771
Creditors: amounts falling due within one year
5
(186,926)
(184,261)
Net current liabilities
(177,339)
(173,490)
Total assets less current liabilities
373,617
363,358
Creditors: amounts falling due after more than one year
6
(298,836)
(325,998)
Provisions for liabilities
(5,199)
-
Net assets
69,582
37,360
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
69,482
37,260
Total equity
69,582
37,360

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 February 2024 and are signed on its behalf by:
Stephen Bowler
Director
Company Registration No. 12674180
WOODSTOCK COMMERCIAL PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 2 -
1
Accounting policies
1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services 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.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Plant and equipment
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

WOODSTOCK COMMERCIAL PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Company information

Woodstock Commercial Property Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 736-740 Wilmslow Road, Didsbury, Manchester, M20 2DW.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 July 2022
523,588
15,600
539,188
Revaluation
16,097
-
0
16,097
At 30 June 2023
539,685
15,600
555,285
Depreciation and impairment
At 1 July 2022
-
0
2,340
2,340
Depreciation charged in the year
-
0
1,989
1,989
At 30 June 2023
-
0
4,329
4,329
Carrying amount
At 30 June 2023
539,685
11,271
550,956
At 30 June 2022
523,588
13,260
536,848
WOODSTOCK COMMERCIAL PROPERTY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
3
Tangible fixed assets
(Continued)
- 4 -
At 30 June 2022, the directors consider the property to be at a similar market value to its acquisition cost.
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
4,800
-
0
Other debtors
100
100
4,900
100
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
28,012
27,778
Trade creditors
144
72
Taxation and social security
14,164
9,229
Other creditors
144,606
147,182
186,926
184,261
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
298,836
325,998

The loan is secured by a charge over the assets of the company.

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