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REGISTERED NUMBER: 02545384 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 August 2023

for

Woodlands Properties NW Ltd

Woodlands Properties NW Ltd (Registered number: 02545384)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

Woodlands Properties NW Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: S J Carberry





REGISTERED OFFICE: Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW





REGISTERED NUMBER: 02545384 (England and Wales)





ACCOUNTANTS: Douglas Fairless Partnership
Chartered Certified Accountants
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

Woodlands Properties NW Ltd (Registered number: 02545384)

Abridged Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 159,471 159,778
Investment property 5 468,000 433,000
627,471 592,778

CURRENT ASSETS
Stocks - 12,500
Debtors 1,281 3,647
Cash at bank and in hand 20,116 410
21,397 16,557
CREDITORS
Amounts falling due within one year 86,944 108,282
NET CURRENT LIABILITIES (65,547 ) (91,725 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

561,924

501,053

CREDITORS
Amounts falling due after more than one
year

6

(392,423

)

(409,386

)

PROVISIONS FOR LIABILITIES (42,739 ) (10,037 )
NET ASSETS 126,762 81,630

CAPITAL AND RESERVES
Called up share capital 6 6
Non-dist retained earnings 177,461 149,111
Retained earnings (50,705 ) (67,487 )
SHAREHOLDERS' FUNDS 126,762 81,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Woodlands Properties NW Ltd (Registered number: 02545384)

Abridged Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:





S J Carberry - Director


Woodlands Properties NW Ltd (Registered number: 02545384)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Woodlands Properties NW 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.

Turnover
Turnover in the profit & loss account represents revenue recognised for services fully delivered during the period exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Woodlands Properties NW Ltd (Registered number: 02545384)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 3 ).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 195,037
Additions 1,362
At 31 August 2023 196,399
DEPRECIATION
At 1 September 2022 35,259
Charge for year 1,669
At 31 August 2023 36,928
NET BOOK VALUE
At 31 August 2023 159,471
At 31 August 2022 159,778

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 433,000
Revaluations 35,000
At 31 August 2023 468,000
NET BOOK VALUE
At 31 August 2023 468,000
At 31 August 2022 433,000

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2017 103,088
Valuation in 2020 33,000
Valuation in 2021 54,500
Valuation in 2022 (6,500 )
Valuation in 2023 35,000
Cost 248,912
468,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
31.8.23 31.8.22
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 173,610 175,135

Repayable by instalments
Bank loans more 5 yr by instal 112,622 120,697

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Woodlands Properties NW Ltd

The following reproduces the text of the report prepared for the director 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 Abridged Income Statement and certain other primary statements and the Report of the Director 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 Woodlands Properties NW Ltd for the year ended 31 August 2023 which comprise the Abridged Income Statement, Abridged 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Woodlands Properties NW Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Woodlands Properties NW Ltd and state those matters that we have agreed to state to the director of Woodlands Properties NW Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Woodlands Properties NW 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 Woodlands Properties NW Ltd. You consider that Woodlands Properties NW 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 Woodlands Properties NW 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.






Douglas Fairless Partnership
Chartered Certified Accountants
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW


Date: .............................................