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REGISTERED NUMBER: 11383101 (England and Wales)



















Financial Statements

for the Year Ended 31 August 2023

for

WOODBOURNE GROUP (SAXON WAY) LTD

WOODBOURNE GROUP (SAXON WAY) LTD (REGISTERED NUMBER: 11383101)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


WOODBOURNE GROUP (SAXON WAY) LTD (REGISTERED NUMBER: 11383101)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 872,200 872,200

CURRENT ASSETS
Debtors 6 583,421 576,180
Cash at bank 32,810 14,179
616,231 590,359
CREDITORS
Amounts falling due within one year 7 71,526 71,521
NET CURRENT ASSETS 544,705 518,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,416,905

1,391,038

CREDITORS
Amounts falling due after more than one year 8 (1,196,592 ) (1,194,039 )

PROVISIONS FOR LIABILITIES (39,456 ) (29,986 )
NET ASSETS 180,857 167,013

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 180,757 166,913
180,857 167,013

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 (SAXON WAY) LTD (REGISTERED NUMBER: 11383101)

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

1. STATUTORY INFORMATION

Woodbourne Group (Saxon Way) 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: 11383101

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 as modified by the revaluation of certain assets.

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

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.

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).

WOODBOURNE GROUP (SAXON WAY) LTD (REGISTERED NUMBER: 11383101)

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

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. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 890,000
DEPRECIATION
At 1 September 2022
and 31 August 2023 17,800
NET BOOK VALUE
At 31 August 2023 872,200
At 31 August 2022 872,200

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2022 157,822
Cost 732,178
890,000

The investment property is presented at fair value and the last valuation report was provided by Johnson Fellows chartered surveyors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,421 3,180
Other debtors 573,000 573,000
583,421 576,180

WOODBOURNE GROUP (SAXON WAY) LTD (REGISTERED NUMBER: 11383101)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,700 25,700
Trade creditors 20,880 21,480
Taxation and social security 13,963 13,648
Other creditors 10,983 10,693
71,526 71,521

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,196,592 1,194,039

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 423,250 423,250

Repayable by instalments
Woodbourne Homes Ltd 718,891 691,242

9. 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

10. 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
£    £   
Hardip Singh Dulay and Ravinder Kaur Dulay
Balance outstanding at start of year (4,313 ) (2,840 )
Amounts repaid (1,040 ) (1,473 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,353 ) (4,313 )

WOODBOURNE GROUP (SAXON WAY) LTD (REGISTERED NUMBER: 11383101)

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

11. RELATED PARTY DISCLOSURES

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

Woodbourne Group (Mill Street) Ltd = £20,000 (20,000 in 2022)
Woodbourne Group (Dudley) Ltd = £1,000 (1,000 in 2022)
Woodbourne Group (Battens Drive) Ltd = £552,000 (552,000 in 2022)

The following long term creditors are related party transactions with no terms attached

Woodbourne Home Ltd = £718,891 (£691,242 in 2022)