Caseware UK (AP4) 2023.0.135 2023.0.135 105100010880002023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04247755 2023-04-01 2024-03-31 04247755 2022-04-01 2023-03-31 04247755 2024-03-31 04247755 2023-03-31 04247755 2 2023-04-01 2024-03-31 04247755 d:Director1 2023-04-01 2024-03-31 04247755 e:MotorVehicles 2023-04-01 2024-03-31 04247755 e:MotorVehicles 2024-03-31 04247755 e:MotorVehicles 2023-03-31 04247755 e:MotorVehicles e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04247755 e:FurnitureFittings 2023-04-01 2024-03-31 04247755 e:FurnitureFittings 2024-03-31 04247755 e:FurnitureFittings 2023-03-31 04247755 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04247755 e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04247755 e:FreeholdInvestmentProperty 2024-03-31 04247755 e:FreeholdInvestmentProperty 2023-03-31 04247755 e:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 04247755 e:LeaseholdInvestmentProperty 2024-03-31 04247755 e:LeaseholdInvestmentProperty 2023-03-31 04247755 e:LeaseholdInvestmentProperty 2 2023-04-01 2024-03-31 04247755 e:CurrentFinancialInstruments 2024-03-31 04247755 e:CurrentFinancialInstruments 2023-03-31 04247755 e:Non-currentFinancialInstruments 2024-03-31 04247755 e:Non-currentFinancialInstruments 2023-03-31 04247755 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 04247755 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 04247755 e:Non-currentFinancialInstruments e:AfterOneYear 2024-03-31 04247755 e:Non-currentFinancialInstruments e:AfterOneYear 2023-03-31 04247755 e:ShareCapital 2024-03-31 04247755 e:ShareCapital 2023-03-31 04247755 e:InvestmentPropertiesRevaluationReserve 2024-03-31 04247755 e:InvestmentPropertiesRevaluationReserve 2023-03-31 04247755 e:RetainedEarningsAccumulatedLosses 2024-03-31 04247755 e:RetainedEarningsAccumulatedLosses 2023-03-31 04247755 d:FRS102 2023-04-01 2024-03-31 04247755 d:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04247755 d:FullAccounts 2023-04-01 2024-03-31 04247755 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04247755 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04247755










Woodside Manor Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Woodside Manor Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Woodside Manor Limited for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Woodside Manor Limited for the year ended 31 March 2024 which comprise  the 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Woodside Manor Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Woodside Manor Limited and state those matters that we have agreed to state to the Board of Directors of Woodside Manor Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woodside Manor Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Woodside Manor Limited 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 loss of Woodside Manor Limited. You consider that Woodside Manor Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Woodside Manor Limited. 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.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
8 August 2024
Page 1

 
Woodside Manor Limited
Registered number: 04247755

Balance Sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
34,939
40,316

Investment property
 5 
525,500
544,000

  
560,439
584,316

Current assets
  

Debtors: amounts falling due within one year
 6 
717
649

Cash at bank and in hand
  
4,868
1,168

  
5,585
1,817

Creditors: amounts falling due within one year
 7 
(38,855)
(36,999)

Net current liabilities
  
 
 
(33,270)
 
 
(35,182)

Total assets less current liabilities
  
527,169
549,134

Creditors: amounts falling due after more than one year
 8 
(151,392)
(155,232)

Provisions for liabilities
  

Deferred tax
  
(29,338)
(33,869)

  
 
 
(29,338)
 
 
(33,869)

Net assets
  
346,439
360,033


Capital and reserves
  

Called up share capital 
  
300
300

Investment property reserve
  
240,590
254,465

Profit and loss account
  
105,549
105,268

  
346,439
360,033


Page 2

 
Woodside Manor Limited
Registered number: 04247755

Balance Sheet (continued)
As at 31 March 2024

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 year 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: 




P W Lowson
Director

Date: 8 August 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
Woodside Manor Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

The Company is a private company limited by share capital incorporated in England and Wales.
The registered office address of the Company is:
79 Harlands Road
Haywards Heath
West Sussex
RH16 1LZ

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents the rental income and all other associated income from investment properties owned by the Company.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

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

Page 4

 
Woodside Manor Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
84 months
Fixtures and fittings
-
36/120 months

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by internal valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

Page 5

 
Woodside Manor Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

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 6

 
Woodside Manor Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
41,091
10,139
51,230



At 31 March 2024

41,091
10,139
51,230



Depreciation


At 1 April 2023
1,719
9,195
10,914


Charge for the year on owned assets
5,155
222
5,377



At 31 March 2024

6,874
9,417
16,291



Net book value



At 31 March 2024
34,217
722
34,939



At 31 March 2023
39,372
944
40,316

Page 7

 
Woodside Manor Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

5.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 April 2023
315,500
228,500
544,000


Revaluation
-
(18,500)
(18,500)



At 31 March 2024
315,500
210,000
525,500

The 2024 valuations were made by the director, who is internal to the Company, on an open market value for existing use basis.





6.


Debtors

2024
2023
£
£


Prepayments and accrued income
717
649

717
649



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,851
3,767

Other creditors
31,988
30,746

Accruals and deferred income
3,016
2,486

38,855
36,999


Details of security provided:
The bank loans are secured by fixed charges over the Company's investment properties and floating
charges over the Company's assets.

Page 8

 
Woodside Manor Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,392
10,232

Other creditors
145,000
145,000

151,392
155,232



Page 9