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REGISTERED NUMBER: 10528989 (England and Wales)



















Financial Statements

for the Year Ended 31 August 2023

for

WOODBOURNE GROUP (ABBEY ROAD) LTD

WOODBOURNE GROUP (ABBEY ROAD) LTD (REGISTERED NUMBER: 10528989)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


WOODBOURNE GROUP (ABBEY ROAD) LTD (REGISTERED NUMBER: 10528989)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 14,976 17,619
14,976 17,619

CURRENT ASSETS
Stocks 2,690,079 633,030
Debtors 7 2,183 19,053
Cash at bank and in hand 140,267 201,955
2,832,529 854,038
CREDITORS
Amounts falling due within one year 8 1,093,352 279,946
NET CURRENT ASSETS 1,739,177 574,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,754,153

591,711

CREDITORS
Amounts falling due after more than one year 9 (1,750,717 ) (564,936 )

PROVISIONS FOR LIABILITIES (3,744 ) (3,348 )
NET (LIABILITIES)/ASSETS (308 ) 23,427

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (312 ) 23,423
SHAREHOLDERS' FUNDS (308 ) 23,427

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 (ABBEY ROAD) LTD (REGISTERED NUMBER: 10528989)

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

1. STATUTORY INFORMATION

Woodbourne Group (Abbey Road) 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: 10528989

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.

Tangible fixed assets
Fixture & Fittings are depreciated at 15% 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.

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 (ABBEY ROAD) LTD (REGISTERED NUMBER: 10528989)

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

3,000

3,000

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 1
AMORTISATION
At 1 September 2022
and 31 August 2023 1
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 42,059
DEPRECIATION
At 1 September 2022 24,440
Charge for year 2,643
At 31 August 2023 27,083
NET BOOK VALUE
At 31 August 2023 14,976
At 31 August 2022 17,619

WOODBOURNE GROUP (ABBEY ROAD) LTD (REGISTERED NUMBER: 10528989)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 906 15,924
Other debtors 1,277 3,129
2,183 19,053

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 9,280 23,949
Other creditors 1,074,072 245,997
1,093,352 279,946

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,750,717 564,936

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 240,000
Global Wines (UK) Ltd 249,818 249,818
Woodbourne Homes Ltd 47,618 47,618
297,436 537,436

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

WOODBOURNE GROUP (ABBEY ROAD) LTD (REGISTERED NUMBER: 10528989)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 August 2023 and the period ended 31 August 2022:

2023 2022
£    £   
Hardip Singh Dulay
Balance outstanding at start of year (200 ) -
Amounts advanced - 50
Amounts repaid - (250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (200 ) (200 )

12. RELATED PARTY DISCLOSURES

The following long term liability is a related party transaction that has no terms attached

KMR Holdings LTD= £20,000 (Nil in 2022)
Woodbourne Group (Battens Driv) LTD.= £150,000 (Nil in 2022)
Global Wines (UK) LTD = £249,818 (£249,818 in 2022)
Woodbourne Homes LTD = 47,618 (£47,618 in 2022)