Woodlands Park Estate Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Salisbury House, London Wall, London, EC2M 5PS.
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 £.
Investments comprise equity interests in listed securities and are valued by reference to quoted market prices at the balance sheet date
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
The average monthly number of persons (including directors) employed by the company during the year was nil (2022 - nil).
The historical cost of investment properties was £5,001,653 (2022: £4,706,953).
The Harman Lane, units 2-7 syndicate valuation of £146,500 and 24 St Stephens Street syndicate valuation of £83,333 were carried out on an open market basis by Alex Buchanan & Co as at April 2023 and Ratcliffes Chartered Surveyors as at June 2022 respectively.
The remainder of investment properties are held at the directors' estimation of their fair value on an open market basis as at 31 December 2023.
Investment Properties comprise the following:
Wholly owned:
10 High Street, Mildenhall
71 High Street, Stamford
Units held in syndicated properties:
Barberry Court, Burton on Trent
6/10 Strait Bargate, Boston
69 Hamilton Road, Felixstowe
131 High Street, Southend on Sea
5/5A Silver Street, Bedford
26 Salisbury Street, Blandford Forum
6 The Traverse, Bury St. Edmunds
43 Hamilton Road, Felixstowe
Unit 4, 1-8 The Chauntry, Haverhill
23/25/25A Bank Street, Braintree
57/61 High Street, Rayleigh
Units 1 & 2 Union Street, Burton Upon Trent
123 High Street, Southend-on-Sea
Units 2-7, Harriman Lane, Nottingham
11 Abbeygate Street, Bury St Edmunds
55/57 High Street, Deal
35 High Street, St Neots
Kempston, 6-8 Singer way, Woburn Industrial estate
8 Buttermarket, Bury St Edmunds
45 Market Street, Wymondham
18 The Throughfare, Woodbridge
24 St Stephen Street, Norwich
74 St Thomas Street, Weymouth
1 South Parade, Melton Mowbray
11 Abbeygate Street, Bury St. Edmunds, Suffolk
26 Penny Street, Lancaster
Henley on Thames & Wells
50 Coney Street, York
32/36 South Road, Haywards Heath
24 Cambridge Street, Harrogate
54-56 The Parade, Leamington Spa
105 & 107/109 London Road North, Lowestoft
Disposals during the year: None
Additions during the year:
2 new shares in 55/57 High Street, Deal
1 share in Deal & East Dereham
1 share in 14 Cornhill, Bury St. Edmunds
Capital calls during the year
1 South Parade, Melton Mowbray
6/10 Strait Bargate, Boston
Unit 4 The Chauntry, Haverhill
The cost of listed investments was £2,874,230 (2022: £2,831,630).
Investments comprise equity interests in listed securities and are valued by reference to quoted market prices at the balance sheet date.
Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:
An increase in the UK corporation rate from 19% to 25% was effective from 1 April 2023 and accordingly, deferred tax is calculated based on a future tax rate of 25%.