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REGISTERED NUMBER: 01601417 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WOODCLAY LIMITED

WOODCLAY LIMITED (REGISTERED NUMBER: 01601417)






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

Chartered Certified Accountants' Report 7

WOODCLAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R B Illingworth
R S Illingworth
M A Illingworth
C J Illingworth





SECRETARY: C J Illingworth





REGISTERED OFFICE: Jane Cooksey Ltd 15/16 Boarshurst Busine
Boarshurst Lane, Greenfield
Oldham
OL3 7ER





REGISTERED NUMBER: 01601417 (England and Wales)





ACCOUNTANTS: Jane Cooksey Limited
15/16 Boarshurst Bus. Park,
Boarshurst Lane, Greenfield
Oldham
Lancashire
OL3 7ER

WOODCLAY LIMITED (REGISTERED NUMBER: 01601417)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 10,000,000 15,600,000
10,000,000 15,600,000

CURRENT ASSETS
Debtors 6 6,169 -
Cash at bank 1,182,298 725,036
1,188,467 725,036
CREDITORS
Amounts falling due within one year 7 886,160 142,806
NET CURRENT ASSETS 302,307 582,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,302,307

16,182,230

PROVISIONS FOR LIABILITIES 1,684,650 3,084,570
NET ASSETS 8,617,657 13,097,660

CAPITAL AND RESERVES
Called up share capital 1,866 1,866
Share premium 140,436 140,436
Revaluation reserve 8 6,867,836 11,067,836
Capital redemption reserve 141 141
Retained earnings 1,607,378 1,887,381
8,617,657 13,097,660

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.

WOODCLAY LIMITED (REGISTERED NUMBER: 01601417)

BALANCE SHEET - continued
31 DECEMBER 2023


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.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





R S Illingworth - Director


WOODCLAY LIMITED (REGISTERED NUMBER: 01601417)

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

1. STATUTORY INFORMATION

Woodclay 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 12.5% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 4 ).

WOODCLAY LIMITED (REGISTERED NUMBER: 01601417)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 592,357
DEPRECIATION
At 1 January 2023
and 31 December 2023 592,357
NET BOOK VALUE
At 31 December 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 15,600,000
Revaluations (5,600,000 )
At 31 December 2023 10,000,000
NET BOOK VALUE
At 31 December 2023 10,000,000
At 31 December 2022 15,600,000

On 7 January 2022, a formal valuation of the leasehold property was obtained from Valor Real Estate Partners LLP in respect of the property. The directors have subsequently revised this valuation based on movement in the current property market. The historical cost of the property and the Net Book Value as at 31 December 2023 were £3,206,662 ( 2022 - £3,206,662) and £1,447,154 (2022 - £1,447,154) respectively.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Other debtors 6,169 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Amounts owed to group undertakings 410 -
Taxation and social security 178,426 142,806
Other creditors 707,324 -
886,160 142,806

WOODCLAY LIMITED (REGISTERED NUMBER: 01601417)

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

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023 11,067,836
Revaluation reserve (4,200,000 )

At 31 December 2023 6,867,836

9. RELATED PARTY DISCLOSURES

During the year, the company made sales to a company with common directors totalling £nil ( 2022 - £752,000).

During the year the company received a loan from a company in which R S Illingworth, M A Illingworth and RB Illingworth are directors. The company paid interest on the loan of £5,740 in the year ended 31 December 2023.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WOODCLAY LIMITED

The following reproduces the text of the report prepared for the directors 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 Income Statement and certain other primary statements and the Report of the Directors 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 Woodclay Limited for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, 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 Board of Directors of Woodclay Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Woodclay Limited and state those matters that we have agreed to state to the Board of Directors of Woodclay Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Woodclay 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 profit of Woodclay Limited. You consider that Woodclay Limited 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 Woodclay 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.






Jane Cooksey Limited
15/16 Boarshurst Bus. Park,
Boarshurst Lane, Greenfield
Oldham
Lancashire
OL3 7ER


5 August 2024