1 January 2023 false No description of principal activity Taxfiler 2024.5 07755904business:PrivateLimitedCompanyLtd2023-01-012023-12-31 077559042022-12-31 077559042023-01-012023-12-31 07755904business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 07755904business:FilletedAccounts2023-01-012023-12-31 077559042023-12-31 07755904business:Director12023-01-012023-12-31 07755904business:Director22023-01-012023-12-31 07755904business:RegisteredOffice2023-01-012023-12-31 077559042022-12-31 07755904core:WithinOneYear2023-12-31 07755904core:WithinOneYear2022-12-31 07755904core:AfterOneYear2023-12-31 07755904core:AfterOneYear2022-12-31 07755904core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 07755904core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 07755904core:RevaluationReservecore:PreviouslyStatedAmount2023-12-31 07755904core:RevaluationReservecore:PreviouslyStatedAmount2022-12-31 07755904core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 07755904core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 07755904core:PreviouslyStatedAmount2023-12-31 07755904core:PreviouslyStatedAmount2022-12-31 07755904business:SmallEntities2023-01-012023-12-31 07755904countries:EnglandWales2023-01-012023-12-31 077559042022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07755904 (England and Wales)
Woodbine Properties Limited Unaudited accounts for the year ended 31 December 2023
Woodbine Properties Limited Unaudited accounts Contents
Page
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Woodbine Properties Limited Company Information for the year ended 31 December 2023
Directors
Mr T Cerrone Mrs S Cerrone
Company Number
07755904 (England and Wales)
Registered Office
WOODBINE GRANGE UPPER WEALD CALVERTON MILTON KEYNES MK19 6EL ENGLAND
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Woodbine Properties Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
500,000 
500,000 
Investments
200 
200 
500,200 
500,200 
Current assets
Debtors
151,465 
149,664 
Cash at bank and in hand
888,190 
1,042,002 
1,039,655 
1,191,666 
Creditors: amounts falling due within one year
(648,976)
(844,800)
Net current assets
390,679 
346,866 
Total assets less current liabilities
890,879 
847,066 
Creditors: amounts falling due after more than one year
(61,336)
(61,336)
Net assets
829,543 
785,730 
Capital and reserves
Called up share capital
1,000 
1,000 
Revaluation reserve
261,479 
261,479 
Profit and loss account
567,064 
523,251 
Shareholders' funds
829,543 
785,730 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by
Mr T Cerrone Director Company Registration No. 07755904
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Woodbine Properties Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Woodbine Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 07755904. The registered office is WOODBINE GRANGE UPPER WEALD, CALVERTON, MILTON KEYNES, MK19 6EL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
4
Investment property
2023 
£ 
Fair value at 1 January 2023
500,000 
At 31 December 2023
500,000 
The property was revalued in 2021 by the Directors, on an open market value for existing use basis. If the property had been accounted for under the historic cost accounting rules the value would be £177.186 ( 2021 £177,186)
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Woodbine Properties Limited Notes to the Accounts for the year ended 31 December 2023
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2023
200 
Valuation at 31 December 2023
200 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,715 
6,033 
Amounts due from group undertakings etc.
142,891 
142,891 
Accrued income and prepayments
859 
740 
151,465 
149,664 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
5 
Taxes and social security
13,087 
7,055 
Other creditors
5,267 
5,267 
Loans from directors
618,932 
823,179 
Accruals
1,008 
960 
Deferred income
10,682 
8,334 
648,976 
844,800 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Deferred income
61,336 
61,336 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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