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COMPANY REGISTRATION NUMBER: 10573834
WOODLAND HOUSE INVESTMENTS LIMITED
Filleted Unaudited Financial Statements
31 December 2023
WOODLAND HOUSE INVESTMENTS LIMITED
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
464,370
464,370
Current assets
Cash at bank and in hand
1,675
584
Creditors: amounts falling due within one year
5
215,671
211,630
---------
---------
Net current liabilities
213,996
211,046
---------
---------
Total assets less current liabilities
250,374
253,324
Creditors: amounts falling due after more than one year
6
247,421
243,360
---------
---------
Net assets
2,953
9,964
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
2,853
9,864
-------
-------
Shareholders funds
2,953
9,964
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WOODLAND HOUSE INVESTMENTS LIMITED
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 24 October 2024 , and are signed on behalf of the board by:
Sahem Rajababoo
Director
Company registration number: 10573834
WOODLAND HOUSE INVESTMENTS LIMITED
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 111 Harrow View, Harrow, Middlesex, HA1 4SZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Investments
Other investments other than loans
£
Cost
At 1 January 2023 and 31 December 2023
464,370
---------
Impairment
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
464,370
---------
At 31 December 2022
464,370
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
212,671
209,230
Other creditors
3,000
2,400
---------
---------
215,671
211,630
---------
---------
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
247,421
243,360
---------
---------
7. Related party transactions
At the balance sheet date the company was owe £209,230 (2021: £212,389) to its parent company, Newton Care Homes Limited. Rent received from Newton Care Homes Ltd was £11,000 (2021:20,000).
8. Controlling party
The company is owned by Newton Care Homes Limited, its parent company undertaking, which is incorporated in England and Wales and whose company registration number is 05334235.