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REGISTERED NUMBER: 12039495 (England and Wales)















WOODSIDE PROPERTY RENTALS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






WOODSIDE PROPERTY RENTALS LTD (REGISTERED NUMBER: 12039495)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODSIDE PROPERTY RENTALS LTD

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: Mr M S Walker
Mrs M J Walker
Mr M J Walker
Mr A C Walker





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 12039495 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

WOODSIDE PROPERTY RENTALS LTD (REGISTERED NUMBER: 12039495)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 300,000 300,000

CURRENT ASSETS
Debtors 5 236 158
Cash at bank 19,325 13,351
19,561 13,509
CREDITORS
Amounts falling due within one year 6 (227,035 ) (226,677 )
NET CURRENT LIABILITIES (207,474 ) (213,168 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,526

86,832

PROVISIONS FOR LIABILITIES 7 (20,750 ) (22,379 )
NET ASSETS 71,776 64,453

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 70,781 69,152
Retained earnings 895 (4,799 )
SHAREHOLDERS' FUNDS 71,776 64,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

WOODSIDE PROPERTY RENTALS LTD (REGISTERED NUMBER: 12039495)

BALANCE SHEET - continued
30 April 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 31 October 2024 and were signed on its behalf by:




Mrs M J Walker - Director



Mr M S Walker - Director


WOODSIDE PROPERTY RENTALS LTD (REGISTERED NUMBER: 12039495)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Woodside Property Rentals Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised on a monthly basis when rents are due.

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.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, accruals and amounts owed to group undertakings, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

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.


WOODSIDE PROPERTY RENTALS LTD (REGISTERED NUMBER: 12039495)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


2. ACCOUNTING POLICIES - continued
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 (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 300,000
NET BOOK VALUE
At 30 April 2024 300,000
At 30 April 2023 300,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 300,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 208,470 208,470

Investment property was valued on an open market basis on 30 April 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 236 158

WOODSIDE PROPERTY RENTALS LTD (REGISTERED NUMBER: 12039495)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to associates 222,400 222,400
Taxation and social security 238 -
Other creditors 4,397 4,277
227,035 226,677

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 20,750 22,379

Deferred
tax
£   
Balance at 1 May 2023 22,379
Credit to Income Statement during year (1,629 )
Balance at 30 April 2024 20,750

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023 69,152
Deferred tax adjustment 1,629

At 30 April 2024 70,781

9. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £2,512 (2023: £2,512) were outstanding at the year end. Loans will be repaid when funds permit.

A loan of £222,400 (£222,400 - 2023) was outstanding at 30 April 2024 to Walker Timber & Fencing Centre Limited on an interest free basis. Some of the directors and shareholders of Woodside Property Rentals Limited are also directors and shareholders of Walker Timber & Fencing Centre Limited.