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REGISTERED NUMBER: 10193012 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Woolgreaves Estates Limited

Woolgreaves Estates Limited (Registered number: 10193012)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Woolgreaves Estates Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs H L Beck
C R Beck





REGISTERED OFFICE: Woolgreaves Hall
South Lane
Cawthorne
South Yorkshire
S75 4EF





REGISTERED NUMBER: 10193012 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Woolgreaves Estates Limited (Registered number: 10193012)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 650,820 649,000

CURRENT ASSETS
Debtors 5 3,892 1,022
Cash at bank 8,256 10,328
12,148 11,350
CREDITORS
Amounts falling due within one year 6 485,435 489,933
NET CURRENT LIABILITIES (473,287 ) (478,583 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,533

170,417

PROVISIONS FOR LIABILITIES 20,940 16,260
NET ASSETS 156,593 154,157

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Non-distributable reserve 7 89,627 96,127
Retained earnings 16,966 8,030
SHAREHOLDERS' FUNDS 156,593 154,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Woolgreaves Estates Limited (Registered number: 10193012)

Balance Sheet - continued
31 May 2023


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 14 February 2024 and were signed on its behalf by:





C R Beck - Director


Woolgreaves Estates Limited (Registered number: 10193012)

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

1. STATUTORY INFORMATION

Woolgreaves Estates 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.

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.

Turnover
Turnover is represented by net invoiced sales of hay bales. Turnover is recognised upon the distribution of the hay bales when the obligation to pay becomes due.

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.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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.

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).

Woolgreaves Estates Limited (Registered number: 10193012)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 649,000
Additions 1,820
At 31 May 2023 650,820
NET BOOK VALUE
At 31 May 2023 650,820
At 31 May 2022 649,000

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2022 112,386
Cost 538,434
650,820

If the property had not been revalued it would have been included at the following historical cost:

31.5.23 31.5.22
£    £   
Cost 536,613 536,613

The investment property was valued on an open market basis on 31 May 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 3,810 1,022
Other debtors 82 -
3,892 1,022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 2,334 504
Taxation and social security 1,669 1,531
Other creditors 481,432 487,898
485,435 489,933

Woolgreaves Estates Limited (Registered number: 10193012)

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

7. RESERVES
Non-distributable
reserve
£   
At 1 June 2022 96,127
Revaluation (6,500 )

At 31 May 2023 89,627