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
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
Woodbine Properties Limited
Statement of financial position
as at 31 December 2023
Investment property
500,000
500,000
Cash at bank and in hand
888,190
1,042,002
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
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
Woodbine Properties Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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 in shares are included at fair value.
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)
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
Amounts falling due within one year
Amounts due from group undertakings etc.
142,891
142,891
Accrued income and prepayments
859
740
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
13,087
7,055
Other creditors
5,267
5,267
Loans from directors
618,932
823,179
Deferred income
10,682
8,334
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).