2023-08-012024-07-312024-07-31false13512802WOOLER PROPERTIES LIMITED2024-10-04iso4217:GBPxbrli:pure135128022023-08-01135128022024-07-31135128022023-08-012024-07-31135128022022-08-01135128022023-07-31135128022022-08-012023-07-3113512802bus:SmallEntities2023-08-012024-07-3113512802bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3113512802bus:FullAccounts2023-08-012024-07-3113512802bus:PrivateLimitedCompanyLtd2023-08-012024-07-3113512802core:WithinOneYear2024-07-3113512802core:AfterOneYear2024-07-3113512802core:WithinOneYear2023-07-3113512802core:AfterOneYear2023-07-3113512802core:ShareCapital2024-07-3113512802core:SharePremium2024-07-3113512802core:RevaluationReserve2024-07-3113512802core:OtherReservesSubtotal2024-07-3113512802core:RetainedEarningsAccumulatedLosses2024-07-3113512802core:ShareCapital2023-07-3113512802core:SharePremium2023-07-3113512802core:RevaluationReserve2023-07-3113512802core:OtherReservesSubtotal2023-07-3113512802core:RetainedEarningsAccumulatedLosses2023-07-3113512802core:LandBuildings2024-07-3113512802core:PlantMachinery2024-07-3113512802core:Vehicles2024-07-3113512802core:FurnitureFittings2024-07-3113512802core:OfficeEquipment2024-07-3113512802core:NetGoodwill2024-07-3113512802core:IntangibleAssetsOtherThanGoodwill2024-07-3113512802core:ListedExchangeTraded2024-07-3113512802core:UnlistedNon-exchangeTraded2024-07-3113512802core:LandBuildings2023-07-3113512802core:PlantMachinery2023-07-3113512802core:Vehicles2023-07-3113512802core:FurnitureFittings2023-07-3113512802core:OfficeEquipment2023-07-3113512802core:NetGoodwill2023-07-3113512802core:IntangibleAssetsOtherThanGoodwill2023-07-3113512802core:ListedExchangeTraded2023-07-3113512802core:UnlistedNon-exchangeTraded2023-07-3113512802core:LandBuildings2023-08-012024-07-3113512802core:PlantMachinery2023-08-012024-07-3113512802core:Vehicles2023-08-012024-07-3113512802core:FurnitureFittings2023-08-012024-07-3113512802core:OfficeEquipment2023-08-012024-07-3113512802core:NetGoodwill2023-08-012024-07-3113512802core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3113512802core:ListedExchangeTraded2023-08-012024-07-3113512802core:UnlistedNon-exchangeTraded2023-08-012024-07-3113512802core:MoreThanFiveYears2023-08-012024-07-3113512802core:Non-currentFinancialInstruments2024-07-3113512802core:Non-currentFinancialInstruments2023-07-3113512802dpl:CostSales2023-08-012024-07-3113512802dpl:DistributionCosts2023-08-012024-07-3113512802core:LandBuildings2023-08-012024-07-3113512802core:PlantMachinery2023-08-012024-07-3113512802core:Vehicles2023-08-012024-07-3113512802core:FurnitureFittings2023-08-012024-07-3113512802core:OfficeEquipment2023-08-012024-07-3113512802dpl:AdministrativeExpenses2023-08-012024-07-3113512802core:NetGoodwill2023-08-012024-07-3113512802core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3113512802dpl:GroupUndertakings2023-08-012024-07-3113512802dpl:ParticipatingInterests2023-08-012024-07-3113512802dpl:GroupUndertakingscore:ListedExchangeTraded2023-08-012024-07-3113512802core:ListedExchangeTraded2023-08-012024-07-3113512802dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-08-012024-07-3113512802core:UnlistedNon-exchangeTraded2023-08-012024-07-3113512802dpl:CostSales2022-08-012023-07-3113512802dpl:DistributionCosts2022-08-012023-07-3113512802core:LandBuildings2022-08-012023-07-3113512802core:PlantMachinery2022-08-012023-07-3113512802core:Vehicles2022-08-012023-07-3113512802core:FurnitureFittings2022-08-012023-07-3113512802core:OfficeEquipment2022-08-012023-07-3113512802dpl:AdministrativeExpenses2022-08-012023-07-3113512802core:NetGoodwill2022-08-012023-07-3113512802core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3113512802dpl:GroupUndertakings2022-08-012023-07-3113512802dpl:ParticipatingInterests2022-08-012023-07-3113512802dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3113512802core:ListedExchangeTraded2022-08-012023-07-3113512802dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3113512802core:UnlistedNon-exchangeTraded2022-08-012023-07-3113512802core:NetGoodwill2024-07-3113512802core:IntangibleAssetsOtherThanGoodwill2024-07-3113512802core:LandBuildings2024-07-3113512802core:PlantMachinery2024-07-3113512802core:Vehicles2024-07-3113512802core:FurnitureFittings2024-07-3113512802core:OfficeEquipment2024-07-3113512802core:AfterOneYear2024-07-3113512802core:WithinOneYear2024-07-3113512802core:ListedExchangeTraded2024-07-3113512802core:UnlistedNon-exchangeTraded2024-07-3113512802core:ShareCapital2024-07-3113512802core:SharePremium2024-07-3113512802core:RevaluationReserve2024-07-3113512802core:OtherReservesSubtotal2024-07-3113512802core:RetainedEarningsAccumulatedLosses2024-07-3113512802core:NetGoodwill2023-07-3113512802core:IntangibleAssetsOtherThanGoodwill2023-07-3113512802core:LandBuildings2023-07-3113512802core:PlantMachinery2023-07-3113512802core:Vehicles2023-07-3113512802core:FurnitureFittings2023-07-3113512802core:OfficeEquipment2023-07-3113512802core:AfterOneYear2023-07-3113512802core:WithinOneYear2023-07-3113512802core:ListedExchangeTraded2023-07-3113512802core:UnlistedNon-exchangeTraded2023-07-3113512802core:ShareCapital2023-07-3113512802core:SharePremium2023-07-3113512802core:RevaluationReserve2023-07-3113512802core:OtherReservesSubtotal2023-07-3113512802core:RetainedEarningsAccumulatedLosses2023-07-3113512802core:NetGoodwill2022-08-0113512802core:IntangibleAssetsOtherThanGoodwill2022-08-0113512802core:LandBuildings2022-08-0113512802core:PlantMachinery2022-08-0113512802core:Vehicles2022-08-0113512802core:FurnitureFittings2022-08-0113512802core:OfficeEquipment2022-08-0113512802core:AfterOneYear2022-08-0113512802core:WithinOneYear2022-08-0113512802core:ListedExchangeTraded2022-08-0113512802core:UnlistedNon-exchangeTraded2022-08-0113512802core:ShareCapital2022-08-0113512802core:SharePremium2022-08-0113512802core:RevaluationReserve2022-08-0113512802core:OtherReservesSubtotal2022-08-0113512802core:RetainedEarningsAccumulatedLosses2022-08-0113512802core:AfterOneYear2023-08-012024-07-3113512802core:WithinOneYear2023-08-012024-07-3113512802core:Non-currentFinancialInstrumentscore:CostValuation2023-08-012024-07-3113512802core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-012024-07-3113512802core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-012024-07-3113512802core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-012024-07-3113512802core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-012024-07-3113512802core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-012024-07-3113512802core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3113512802core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3113512802core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-012024-07-3113512802core:Non-currentFinancialInstrumentscore:CostValuation2024-07-3113512802core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-07-3113512802core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-07-3113512802core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-07-3113512802core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-07-3113512802core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-07-3113512802core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-07-3113512802core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-07-3113512802core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-07-3113512802core:Non-currentFinancialInstrumentscore:CostValuation2023-07-3113512802core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-3113512802core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-3113512802core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-3113512802core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-3113512802core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-3113512802core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-3113512802core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-3113512802core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-3113512802bus:Director12023-08-012024-07-3113512802bus:Director22023-08-012024-07-31

WOOLER PROPERTIES LIMITED

Registered Number
13512802
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

WOOLER PROPERTIES LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

WOOLER, Margaret Ann
WOOLER, Richard Norman

Registered Address

Florence House Lawkholme Business Park
Lawkholme Lane
Keighley
BD21 3LA

Registered Number

13512802 (England and Wales)
WOOLER PROPERTIES LIMITED
Statement of Financial Position
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property37,695,000-
7,695,000-
Current assets
Cash at bank and on hand125,8692
125,8692
Creditors amounts falling due within one year4(106,056)-
Net current assets (liabilities)19,8132
Total assets less current liabilities7,714,8132
Creditors amounts falling due after one year5(2,602,000)-
Net assets5,112,8132
Capital and reserves
Called up share capital100,0002
Share premium4,993,002-
Profit and loss account19,811-
Shareholders' funds5,112,8132
The financial statements were approved and authorised for issue by the Board of Directors on 4 October 2024, and are signed on its behalf by:
WOOLER, Richard Norman
Director
Registered Company No. 13512802
WOOLER PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year22
3.Investment property
The investment properties above are used in operating leases. Gross rents receivable relating to these operating leases amounting to £176,024 (2023 - £Nil). The 2024 valuation was made by the directors, on an open market value for existing use basis.

£
Additions7,695,000
At 31 July 247,695,000
4.Creditors: amounts due within one year

2024

2023

££
Taxation and social security4,647-
Other creditors51,205-
Accrued liabilities and deferred income50,204-
Total106,056-
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts2,602,000-
Total2,602,000-
The following amounts included within creditors, amounts falling due after one year, are secured: Bank borrowings and overdrafts £2,602,000 (2023 - £Nil).
6.Related party transactions
Included within creditors, amounts due within one year, is an amount of £51,205 (2023 - £Nil) due to R N Wooler & Company Limited, a company with common directors. The amount is interest free and repayable on demand.