IRIS Accounts Production v24.1.0.578 01251990 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012519902023-03-31012519902024-03-31012519902023-04-012024-03-31012519902022-03-31012519902022-04-012023-03-31012519902023-03-3101251990ns15:EnglandWales2023-04-012024-03-3101251990ns14:PoundSterling2023-04-012024-03-3101251990ns10:Director12023-04-012024-03-3101251990ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101251990ns10:SmallEntities2023-04-012024-03-3101251990ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3101251990ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101251990ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101251990ns10:FullAccounts2023-04-012024-03-3101251990ns10:Director22023-04-012024-03-3101251990ns10:CompanySecretary12023-04-012024-03-3101251990ns10:RegisteredOffice2023-04-012024-03-3101251990ns5:CurrentFinancialInstruments2024-03-3101251990ns5:CurrentFinancialInstruments2023-03-3101251990ns5:Non-currentFinancialInstruments2024-03-3101251990ns5:Non-currentFinancialInstruments2023-03-3101251990ns5:ShareCapital2024-03-3101251990ns5:ShareCapital2023-03-3101251990ns5:RevaluationReserve2024-03-3101251990ns5:RevaluationReserve2023-03-3101251990ns5:CapitalRedemptionReserve2024-03-3101251990ns5:CapitalRedemptionReserve2023-03-3101251990ns5:RetainedEarningsAccumulatedLosses2024-03-3101251990ns5:RetainedEarningsAccumulatedLosses2023-03-3101251990ns5:PlantMachinery2023-04-012024-03-3101251990ns5:PlantMachinery2023-03-3101251990ns5:PlantMachinery2024-03-3101251990ns5:PlantMachinery2023-03-3101251990ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101251990ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101251990ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 01251990 (England and Wales)















WORNAL PARK LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






WORNAL PARK LTD (REGISTERED NUMBER: 01251990)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

WORNAL PARK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A C Dent
Lady R E Dent





SECRETARY:





REGISTERED OFFICE: Unit 14 Menmarsh Road
Worminghall
Aylesbury
Buckinghamshire
HP18 9JX





REGISTERED NUMBER: 01251990 (England and Wales)





ACCOUNTANTS: Mercer Lewin Ltd
Chartered Accountants
6-7 Citibase
New Barclay House
234 Botley Road
Oxford
OX2 0HP

WORNAL PARK LTD (REGISTERED NUMBER: 01251990)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,302 56,402
Investment property 5 8,000,000 8,000,000
8,042,302 8,056,402

CURRENT ASSETS
Debtors 6 213,580 212,931
Cash at bank and in hand 265,009 120,175
478,589 333,106
CREDITORS
Amounts falling due within one year 7 236,499 260,178
NET CURRENT ASSETS 242,090 72,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,284,392

8,129,330

CREDITORS
Amounts falling due after more than one
year

8

(2,006,120

)

(2,006,120

)

PROVISIONS FOR LIABILITIES (4,315 ) (14,789 )
NET ASSETS 6,273,957 6,108,421

CAPITAL AND RESERVES
Called up share capital 15,934 15,934
Revaluation reserve 9 4,517,974 4,517,974
Capital redemption reserve 14,166 14,166
Retained earnings 1,725,883 1,560,347
6,273,957 6,108,421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

WORNAL PARK LTD (REGISTERED NUMBER: 01251990)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





A C Dent - Director


WORNAL PARK LTD (REGISTERED NUMBER: 01251990)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Wornal Park Ltd 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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no judgements that are deemed to have had a significant effect on amounts recognised in the financial statements.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

WORNAL PARK LTD (REGISTERED NUMBER: 01251990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 119,762
DEPRECIATION
At 1 April 2023 63,360
Charge for year 14,100
At 31 March 2024 77,460
NET BOOK VALUE
At 31 March 2024 42,302
At 31 March 2023 56,402

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 8,000,000
NET BOOK VALUE
At 31 March 2024 8,000,000
At 31 March 2023 8,000,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 3,904,531
Cost 4,095,469
8,000,000

WORNAL PARK LTD (REGISTERED NUMBER: 01251990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 188,247 175,221
Other debtors 25,333 37,710
213,580 212,931

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,208 38,135
Taxation and social security 67,243 44,724
Other creditors 155,048 177,319
236,499 260,178

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 2,006,120 2,006,120

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 4,517,974

10. ULTIMATE HOLDING PARTY

The ultimate holding party is Torus Angle Limited, company number 13695587, a private limited company registered in the United Kingdom. The registered office is 6-7 Citibase, New Barclay House, 234 Botley Road, Oxford, England, OX2 0HP.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WORNAL PARK LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wornal Park Ltd for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wornal Park Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wornal Park Ltd and state those matters that we have agreed to state to the Board of Directors of Wornal Park Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wornal Park Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wornal Park Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wornal Park Ltd. You consider that Wornal Park Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wornal Park Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mercer Lewin Ltd
Chartered Accountants
6-7 Citibase
New Barclay House
234 Botley Road
Oxford
OX2 0HP


13 August 2024