Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3100trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falsethe rental of propertiestruefalse 05322301 2023-04-01 2024-03-31 05322301 2022-04-01 2023-03-31 05322301 2024-03-31 05322301 2023-03-31 05322301 c:Director1 2023-04-01 2024-03-31 05322301 d:Buildings 2023-04-01 2024-03-31 05322301 d:Buildings 2024-03-31 05322301 d:Buildings 2023-03-31 05322301 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05322301 d:FurnitureFittings 2023-04-01 2024-03-31 05322301 d:FurnitureFittings 2024-03-31 05322301 d:FurnitureFittings 2023-03-31 05322301 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05322301 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 05322301 d:CurrentFinancialInstruments 2024-03-31 05322301 d:CurrentFinancialInstruments 2023-03-31 05322301 d:Non-currentFinancialInstruments 2024-03-31 05322301 d:Non-currentFinancialInstruments 2023-03-31 05322301 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05322301 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05322301 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 05322301 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05322301 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 05322301 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 05322301 d:ShareCapital 2024-03-31 05322301 d:ShareCapital 2023-03-31 05322301 d:RetainedEarningsAccumulatedLosses 2024-03-31 05322301 d:RetainedEarningsAccumulatedLosses 2023-03-31 05322301 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 05322301 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 05322301 c:FRS102 2023-04-01 2024-03-31 05322301 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05322301 c:FullAccounts 2023-04-01 2024-03-31 05322301 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05322301 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 05322301









WOODSIDE HOLDING LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
WOODSIDE HOLDING LTD
REGISTERED NUMBER: 05322301

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
345,217
592,451

  
345,217
592,451

Current assets
  

Debtors: amounts falling due within one year
 5 
87,895
92,869

Cash at bank and in hand
 6 
122,245
31,169

  
210,140
124,038

Creditors: amounts falling due within one year
 7 
(7,610)
(59,521)

Net current assets
  
 
 
202,530
 
 
64,517

Total assets less current liabilities
  
547,747
656,968

Creditors: amounts falling due after more than one year
 8 
(288,569)
(482,244)

  

Net assets
  
259,178
174,724


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
258,178
173,724

  
259,178
174,724


Page 1

 
WOODSIDE HOLDING LTD
REGISTERED NUMBER: 05322301
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 November 2024.





................................................
Michael Harris
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
WOODSIDE HOLDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The principal activity of the Company throughout the year was that of the rental of properties. The Company was incorporated in England and Wales and is a private company limited by share capital.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
WOODSIDE HOLDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Fixtures and fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
WOODSIDE HOLDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 5

 
WOODSIDE HOLDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
592,068
10,913
602,981


Disposals
(247,075)
(5,530)
(252,605)



At 31 March 2024

344,993
5,383
350,376



Depreciation


At 1 April 2023
-
10,530
10,530


Charge for the year on owned assets
-
72
72


Disposals
-
(5,443)
(5,443)



At 31 March 2024

-
5,159
5,159



Net book value



At 31 March 2024
344,993
224
345,217



At 31 March 2023
592,068
383
592,451

Page 6

 
WOODSIDE HOLDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
87,339
92,340

Prepayments and accrued income
556
529

87,895
92,869


Included within other debtors due within one year is a loan of £62,474 (2023 - £67,475) in relation to Nicholas Thake. 


6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
122,245
31,169

122,245
31,169



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
5,762
1,564

Other creditors
-
56,211

Accruals and deferred income
1,848
1,746

7,610
59,521


Page 7

 
WOODSIDE HOLDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
288,569
482,244

288,569
482,244


The following liabilities were secured:

2024
2023
£
£



Bank loans
288,569
482,244

288,569
482,244

Details of security provided:

The bank loans are secured.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Bank loans
288,569
482,244



288,569
482,244



10.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
122,245
31,169




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 8

 
WOODSIDE HOLDING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Related party transactions

The Company has made a loan to Downside Holdings, a business owned by the director Nicholas Thake. At the year end £1,891 (2023 - £1,891) was owed by Downside Holdings to the Company and is included in other debtors.


12.


Controlling party

There is no overall controlling party.

 
Page 9