Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-312022-06-07truetrue2falseThe principal activity of the company continued to be that of buying and selling of own real esate.The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14157108 2022-06-06 14157108 2022-06-07 2023-07-31 14157108 2021-08-01 2022-06-06 14157108 2023-07-31 14157108 c:Director1 2022-06-07 2023-07-31 14157108 c:Director1 2023-07-31 14157108 c:Director2 2022-06-07 2023-07-31 14157108 c:Director2 2023-07-31 14157108 c:RegisteredOffice 2022-06-07 2023-07-31 14157108 d:CurrentFinancialInstruments 2023-07-31 14157108 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14157108 d:ShareCapital 2023-07-31 14157108 d:RetainedEarningsAccumulatedLosses 2023-07-31 14157108 c:FRS102 2022-06-07 2023-07-31 14157108 c:AuditExempt-NoAccountantsReport 2022-06-07 2023-07-31 14157108 c:FullAccounts 2022-06-07 2023-07-31 14157108 c:PrivateLimitedCompanyLtd 2022-06-07 2023-07-31 14157108 e:PoundSterling 2022-06-07 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 14157108














WOOLBRO HORLEY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 JULY 2023

 
WOOLBRO HORLEY LIMITED
 
 
COMPANY INFORMATION


Directors
B C Woolman (appointed 7 June 2022)
D A Woolman (appointed 7 June 2022)




Registered number
14157108



Registered office
Third Floor Winston House
2 Dollis Park

London

N3 1HG




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
WOOLBRO HORLEY LIMITED
 

CONTENTS



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


 
WOOLBRO HORLEY LIMITED
REGISTERED NUMBER:14157108

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
Note
£

  

Current assets
  

Stocks
  
1,356,078

Debtors: amounts falling due within one year
 4 
9,509

Cash at bank and in hand
  
115

  
1,365,702

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(1,379,226)

Net current liabilities
  
 
 
(13,524)

  

Net liabilities
  
(13,524)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(13,624)

  
(13,524)


Page 1

 
WOOLBRO HORLEY LIMITED
REGISTERED NUMBER:14157108
    
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 period 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: 5 March 2024

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

Page 2

 
WOOLBRO HORLEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

Woolbro Horley 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 is that of buying and selling of own real estate.
The company was incorporated and commenced trading on 7 June 2022.
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.3

Stocks

Stocks comprises of properties and are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.4

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.

 
2.5

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.

 
2.6

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.

Page 3

 
WOOLBRO HORLEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.7

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.

Page 4

 
WOOLBRO HORLEY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

3.


Employees









The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2023
£


Other debtors
2,715

Prepayments and accrued income
6,794

9,509



5.


Creditors: Amounts falling due within one year

2023
£

Other loans
850,000

Trade creditors
630

Amounts owed to group undertakings
527,829

Accruals and deferred income
767

1,379,226


Other loans are secured by way of a fixed and floating charge dated 13 October 2022 over the freehold land.


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