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REGISTERED NUMBER: 08506841 (England and Wales)















WOOL HALL INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






WOOL HALL INVESTMENTS LIMITED (REGISTERED NUMBER: 08506841)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


WOOL HALL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr R Hancox
Mrs T J Hancox





REGISTERED OFFICE: Wool Hall
Cross Gate
Wykeham
Spalding
PE12 6HW





REGISTERED NUMBER: 08506841 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

WOOL HALL INVESTMENTS LIMITED (REGISTERED NUMBER: 08506841)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 255,993 252,647
Investments 6 406,738 280,791
Investment property 7 350,000 350,000
1,012,731 883,438

CURRENT ASSETS
Stocks 159,952 116,407
Debtors 8 124,657 29,884
Cash at bank 32,583 18,263
317,192 164,554
CREDITORS
Amounts falling due within one year 9 315,469 99,991
NET CURRENT ASSETS 1,723 64,563
TOTAL ASSETS LESS CURRENT LIABILITIES 1,014,454 948,001

CREDITORS
Amounts falling due after more than one year 10 (11,726 ) (28,794 )

PROVISIONS FOR LIABILITIES (2,275 ) (10,341 )
NET ASSETS 1,000,453 908,866

CAPITAL AND RESERVES
Called up share capital 12 300,100 300,100
Revaluation reserve 5,993 5,993
Retained earnings 694,360 602,773
SHAREHOLDERS' FUNDS 1,000,453 908,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

WOOL HALL INVESTMENTS LIMITED (REGISTERED NUMBER: 08506841)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 4 October 2024 and were signed on its behalf by:





Mr R Hancox - Director


WOOL HALL INVESTMENTS LIMITED (REGISTERED NUMBER: 08506841)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Wool Hall Investments 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.

Turnover
Turnover represents net invoiced sales of livestock, contracting services and rental income, excluding valued added tax.

Sales of livestock are recognised upon despatch. Revenue from contracting services is recognised when the service is performed and revenue from properties are recognised in the period in which the rents relate to.

The Basic Farm Payment is recognised in the financial statements in accordance with current HM Revenue & Customs guidance.

Intangible fixed assets
Amortisation is provided on intangible fixed assets at rates to write off each asset over its estimated useful life being:

Basic farm payment entitlements - 4 years straight line to 31 December 2019.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost and Nil
Plant and machinery etc - 33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation and is valued by the directors. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Stocks
Stocks are valued at the lower of cost and estimated selling price, less costs to complete and sell, and after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


WOOL HALL INVESTMENTS LIMITED (REGISTERED NUMBER: 08506841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 8,299
AMORTISATION
At 1 April 2023
and 31 March 2024 8,299
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

WOOL HALL INVESTMENTS LIMITED (REGISTERED NUMBER: 08506841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 194,644 144,179 338,823
Additions - 50,502 50,502
Disposals - (19,174 ) (19,174 )
At 31 March 2024 194,644 175,507 370,151
DEPRECIATION
At 1 April 2023 12,099 74,077 86,176
Charge for year 4,033 28,429 32,462
Eliminated on disposal - (4,480 ) (4,480 )
At 31 March 2024 16,132 98,026 114,158
NET BOOK VALUE
At 31 March 2024 178,512 77,481 255,993
At 31 March 2023 182,545 70,102 252,647

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 280,791
Additions 120,000
Share of profit/(loss) 5,947
At 31 March 2024 406,738
NET BOOK VALUE
At 31 March 2024 406,738
At 31 March 2023 280,791

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 350,000
NET BOOK VALUE
At 31 March 2024 350,000
At 31 March 2023 350,000

The investment property is valued on current market value basis by the directors which equates to historic cost.

WOOL HALL INVESTMENTS LIMITED (REGISTERED NUMBER: 08506841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,874 27,894
Other debtors 113,783 1,990
124,657 29,884

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 29,856 14,584
Trade creditors 11,505 18,888
Taxation and social security 23,182 16,549
Other creditors 250,926 49,970
315,469 99,991

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,726 28,794

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 41,582 43,378

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
41 A Ordinary £1 41 41
41 B Ordinary £1 41 41
9 C Ordinary £1 9 9
9 D Ordinary £1 9 9
300,000 Preference £1 300,000 300,000
300,100 300,100