Company Registration No. 13910729 (England and Wales)
Woodfield Road Holdings Limited
Unaudited accounts
for the year ended 31 March 2024
Woodfield Road Holdings Limited
Unaudited accounts
Contents
Woodfield Road Holdings Limited
Company Information
for the year ended 31 March 2024
Company Number
13910729 (England and Wales)
Registered Office
152 Coles Green road
London
NW2 7HD
United Kingdom
Accountants
Jacobs & Company
152 Coles Green Road
London
NW2 7HD
Woodfield Road Holdings Limited
Statement of financial position
as at 31 March 2024
Investment property
3,336,845
3,336,845
Cash at bank and in hand
60,928
127,737
Creditors: amounts falling due within one year
(11,897)
(32,528)
Net current assets
81,292
104,549
Total assets less current liabilities
3,418,137
3,441,394
Creditors: amounts falling due after more than one year
(3,606,975)
(3,591,202)
Net liabilities
(188,838)
(149,808)
Called up share capital
100
100
Profit and loss account
(188,938)
(149,908)
Shareholders' funds
(188,838)
(149,808)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by
A Katz
Director
Company Registration No. 13910729
Woodfield Road Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
Woodfield Road Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 13910729. The registered office is 152 Coles Green road, London, NW2 7HD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in GBP sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover comprises rental income receivable in the accounting period.
Fair value at 1 April 2023
3,336,845
At 31 March 2024
3,336,845
Investment property is stated at the director's valuation at the balance sheet date on an open market value basis.
Barclays Bank plc holds a 1st legal charge over the company's investment property.
Amounts falling due within one year
Trade debtors
18,441
5,000
Accrued income and prepayments
13,720
4,240
Woodfield Road Holdings Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Deferred income
7,697
28,328
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
3,606,975
3,591,202
There is a cross guarantee & debenture between Tribi Holdings Ltd, Parsifal Holdings Ltd & Woodfield Road Holdings Ltd in respect of borrowings of GBP 4m from Barclays Bank plc.
These borrowings are secured by a 1st legal charge over the company's investment property.
9
Transactions with related parties
A Katz and S Katz, the directors, are also directors of Tribi Holdings Ltd and Parsifal Holdings Ltd.
The company has been charged interest and similar charges by Tribi Holdings Ltd in connection with a borrowings to finance the purchase of the company's investment property. The balance owing to Tribi Holdings Ltd at 31 March 2024 amounted to GBP 3,606,975 (2023: GBP 3,591,202).
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).