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REGISTERED NUMBER: 00751734 (England and Wales)












WOODGRANGE (WEMBLEY) ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






WOODGRANGE (WEMBLEY) ESTATES LIMITED (REGISTERED NUMBER: 00751734)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODGRANGE (WEMBLEY) ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M G Parfitt
J V L Hutton





REGISTERED OFFICE: Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR





REGISTERED NUMBER: 00751734 (England and Wales)

WOODGRANGE (WEMBLEY) ESTATES LIMITED (REGISTERED NUMBER: 00751734)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Investment property 4 5,115,000 5,115,000

CURRENT ASSETS
Work in progress 38,328 22,441
Debtors 5 30,259 26,342
Cash at bank 224,472 398,679
293,059 447,462
CREDITORS
Amounts falling due within one year 6 (134,331 ) (218,044 )
NET CURRENT ASSETS 158,728 229,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,273,728

5,344,418

PROVISIONS FOR LIABILITIES 7 (960,000 ) (960,000 )
NET ASSETS 4,313,728 4,384,418

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Non-distributable reserves 4,048,625 4,048,625
Retained earnings 259,103 329,793
SHAREHOLDERS' FUNDS 4,313,728 4,384,418

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 Income Statement has not been delivered.

WOODGRANGE (WEMBLEY) ESTATES LIMITED (REGISTERED NUMBER: 00751734)

BALANCE SHEET - continued
31 DECEMBER 2023



The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





M G Parfitt - Director


WOODGRANGE (WEMBLEY) ESTATES LIMITED (REGISTERED NUMBER: 00751734)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Woodgrange (Wembley) Estates Limited 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value.

Turnover
Turnover represents rents receivable and extension of leases from investment properties.

Investment property
Investment properties are included at open market value at the balance sheet date on the basis of a valuation by the directors. Any surplus or deficit arising on revaluation is recognised through the profit and loss account.

No depreciation is provided in respect of investment properties, this is contrary to the requirement of the Companies Act 2006 to depreciate all properties. The directors consider that to depreciate the property would be inappropriate as it is held for investment rather than consumption and that a true and fair view is reflected in accordance with FRS 102 requirements.

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

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.


WOODGRANGE (WEMBLEY) ESTATES LIMITED (REGISTERED NUMBER: 00751734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2023
and 31 December 2023 5,115,000
NET BOOK VALUE
At 31 December 2023 5,115,000
At 31 December 2022 5,115,000

Fair value at 31 December 2023 is represented by:
£
Valuation in 2023 5,115,000

WOODGRANGE (WEMBLEY) ESTATES LIMITED (REGISTERED NUMBER: 00751734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£ £
Cost 106,375 106,375

Investment property was valued on an open market basis on 31 December 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 20,009 12,744
Other debtors 10,250 13,598
30,259 26,342

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 17,125 299
Amounts owed to group undertakings 73,771 143,271
Taxation and social security 30,500 64,380
Other creditors 12,935 10,094
134,331 218,044

7. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 960,000 960,000

Deferred tax
£
Balance at 1 January 2023 960,000
Balance at 31 December 2023 960,000

8. CONTROLLING PARTY

The immediate parent company is Woodgrange (2010) Limited by virtue of the holding of 100% of the company's shares.

The registered office of the parent company is Highland House, Mayflower Close, Chandlers Ford, Hampshire, SO53 4AR.