Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Joanna Moffatt 13/11/2006 22 April 2024 The principal activity of the Company during the year continued to be a holding company for the subsidiary Woodreed Creative Consultancy Limited. 05997025 2023-12-31 05997025 bus:Director1 2023-12-31 05997025 2022-12-31 05997025 core:CurrentFinancialInstruments 2023-12-31 05997025 core:CurrentFinancialInstruments 2022-12-31 05997025 core:ShareCapital 2023-12-31 05997025 core:ShareCapital 2022-12-31 05997025 core:RetainedEarningsAccumulatedLosses 2023-12-31 05997025 core:RetainedEarningsAccumulatedLosses 2022-12-31 05997025 core:CostValuation 2022-12-31 05997025 core:CostValuation 2023-12-31 05997025 core:ProvisionsForImpairmentInvestments 2022-12-31 05997025 core:ProvisionsForImpairmentInvestments 2023-12-31 05997025 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-12-31 05997025 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2022-12-31 05997025 bus:OrdinaryShareClass1 2023-12-31 05997025 2023-01-01 2023-12-31 05997025 bus:FilletedAccounts 2023-01-01 2023-12-31 05997025 bus:SmallEntities 2023-01-01 2023-12-31 05997025 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05997025 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05997025 bus:Director1 2023-01-01 2023-12-31 05997025 2022-01-01 2022-12-31 05997025 core:CurrentFinancialInstruments 2023-01-01 2023-12-31 05997025 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05997025 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05997025 (England and Wales)

WOODREED 2006 LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

WOODREED 2006 LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

WOODREED 2006 LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
WOODREED 2006 LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 161,565 161,565
161,565 161,565
Creditors: amounts falling due within one year 4 ( 652,635) ( 647,985)
Net current liabilities (652,635) (647,985)
Total assets less current liabilities (491,070) (486,420)
Net liabilities ( 491,070) ( 486,420)
Capital and reserves
Called-up share capital 5 2 2
Profit and loss account ( 491,072 ) ( 486,422 )
Total shareholders' deficit ( 491,070) ( 486,420)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Woodreed 2006 Limited (registered number: 05997025) were approved and authorised for issue by the Director on 22 April 2024. They were signed on its behalf by:

Joanna Moffatt
Director
WOODREED 2006 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
WOODREED 2006 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Woodreed 2006 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 North Place, Cheltenham, GL50 4DW, United Kingdom. The principal place of business is 26 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4 AE.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £489,603. The Company is supported through loans from the Subsidiary Company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Subsidiary Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 January 2023 587,927 587,927
At 31 December 2023 587,927 587,927
Provisions for impairment
At 01 January 2023 426,362 426,362
At 31 December 2023 426,362 426,362
Carrying value at 31 December 2023 161,565 161,565
Carrying value at 31 December 2022 161,565 161,565

4. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to own subsidiaries 582,911 498,180
Amounts owed to director 63,671 140,321
Accruals 6,053 9,484
652,635 647,985

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
200 Ordinary shares of £ 0.01 each 2 2

6. Related party transactions

Transactions with the entity's director

At the balance sheet date an amount of £63,671 (2022: £140,321) was owed by the company to a director. Interest has been accrued at 5% per annum and loan is repayable on demand.