IRIS Accounts Production v24.1.0.576 10334244 Board of Directors 1.9.22 31.8.23 31.8.23 26.2.24 0 0 false true false false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103342442022-08-31103342442023-08-31103342442022-09-012023-08-31103342442021-03-31103342442021-04-012022-08-31103342442022-08-3110334244ns15:EnglandWales2022-09-012023-08-3110334244ns14:PoundSterling2022-09-012023-08-3110334244ns10:Director12022-09-012023-08-3110334244ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3110334244ns10:SmallEntities2022-09-012023-08-3110334244ns10:Audited2022-09-012023-08-3110334244ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3110334244ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3110334244ns10:FullAccounts2022-09-012023-08-311033424412022-09-012023-08-3110334244ns5:CurrentFinancialInstruments2023-08-3110334244ns5:CurrentFinancialInstruments2022-08-3110334244ns5:Non-currentFinancialInstruments2023-08-3110334244ns5:Non-currentFinancialInstruments2022-08-3110334244ns5:ShareCapital2023-08-3110334244ns5:ShareCapital2022-08-3110334244ns5:RetainedEarningsAccumulatedLosses2023-08-3110334244ns5:RetainedEarningsAccumulatedLosses2022-08-3110334244ns10:RegisteredOffice2022-09-012023-08-3110334244ns5:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3110334244ns5:IntangibleAssetsOtherThanGoodwill2022-08-3110334244ns5:IntangibleAssetsOtherThanGoodwill2023-08-3110334244ns5:IntangibleAssetsOtherThanGoodwill2022-08-3110334244ns5:PlantMachinery2022-08-3110334244ns5:PlantMachinery2022-09-012023-08-3110334244ns5:PlantMachinery2023-08-3110334244ns5:PlantMachinery2022-08-3110334244ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3110334244ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3110334244ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3110334244ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-08-31
REGISTERED NUMBER: 10334244 (England and Wales)



















Financial Statements

for the Year Ended 31 August 2023

for

WOODBOURNE GROUP (MILL STREET) LTD

WOODBOURNE GROUP (MILL STREET) LTD (REGISTERED NUMBER: 10334244)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


WOODBOURNE GROUP (MILL STREET) LTD (REGISTERED NUMBER: 10334244)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Unlisted assets 5 48,680 48,680
Tangible assets 6 5,110 6,813
53,790 55,493

CURRENT ASSETS
Stocks 6,227,165 6,118,490
Debtors 7 646,308 350,357
Cash at bank 23,602 79,166
6,897,075 6,548,013
CREDITORS
Amounts falling due within one year 8 4,010,073 3,618,177
NET CURRENT ASSETS 2,887,002 2,929,836
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,940,792

2,985,329

CREDITORS
Amounts falling due after more than one year 9 (2,209,006 ) (2,327,859 )

PROVISIONS FOR LIABILITIES (1,278 ) (1,294 )
NET ASSETS 730,508 656,176

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 730,408 656,076
730,508 656,176

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 26 February 2024 and were signed on its behalf by:





Tanvier Singh Dulay - Director


WOODBOURNE GROUP (MILL STREET) LTD (REGISTERED NUMBER: 10334244)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Woodbourne Group (Mill Street) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10334244

Registered office: Woodbourne House
10 Harborne Road
Edgbaston
Birmingham
West Midlands
B15 3AA

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Unlisted assets
Unlisted assets (other intangible assets) are private number plates purchased by the company in 2019 that are not being amortised as the directors believe the value will not decrease

Tangible fixed assets
Depreciation on computer equipment is charged at 25% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 GROUP (MILL STREET) LTD (REGISTERED NUMBER: 10334244)

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.

3. EMPLOYEES AND DIRECTORS

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

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

3,000

3,000

5. UNLISTED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2022
and 31 August 2023 48,680
NET BOOK VALUE
At 31 August 2023 48,680
At 31 August 2022 48,680

WOODBOURNE GROUP (MILL STREET) LTD (REGISTERED NUMBER: 10334244)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 20,540
DEPRECIATION
At 1 September 2022 13,727
Charge for year 1,703
At 31 August 2023 15,430
NET BOOK VALUE
At 31 August 2023 5,110
At 31 August 2022 6,813

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 134,792 120,417
Other debtors 511,516 229,940
646,308 350,357

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 117,000 117,000
Trade creditors 29,638 71,207
Taxation and social security 163,160 123,799
Other creditors 3,700,275 3,306,171
4,010,073 3,618,177

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 2,209,006 2,327,859

WOODBOURNE GROUP (MILL STREET) LTD (REGISTERED NUMBER: 10334244)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,240,000 1,251,274

Repayable by instalments
Bank loans more 5 yr by instal 681,486 779,065

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

The Report of the Auditors was unqualified.

Kulwinder Singh Chawla F.C.C.A. (Senior Statutory Auditor)
for and on behalf of Brindleys Limited

11. RELATED PARTY DISCLOSURES

The following current assets are related party transactions with no terms attached

Woodbourne Developments Ltd = £9,940 (£9,940 in 2022)
Woodbourne Ventures Ltd = £44,200 (220,000 in 2022)
Woodbourne ventures (SC) ltd. = £457,376 (Nil in 2022)

The following current liabilities are related party transactions with no terms attached

Woodbourne Homes Ltd = £1,399,295 (£1,299,295 in 2022)
Apex House 6 Ltd = £50,000 (£50,000 in 2022)
Woodbourne Group (Black Lake) Ltd = £1,800,000 (£1,800,000 in 2022)
Woodbourne Group (Saxon Way) Ltd = £20,000 (20,000 in 2022)
Woodbourne Group (Battens Drive) Ltd = £370,000 70,000 in 2022)