Woodhouse Property Management Limited 12197721 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is Letting of property Digita Accounts Production Advanced 6.30.9574.0 true true 12197721 2023-03-01 2024-02-29 12197721 2024-02-29 12197721 bus:OrdinaryShareClass1 2024-02-29 12197721 core:RetainedEarningsAccumulatedLosses 2024-02-29 12197721 core:ShareCapital 2024-02-29 12197721 core:CurrentFinancialInstruments 2024-02-29 12197721 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 12197721 core:Non-currentFinancialInstruments 2024-02-29 12197721 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 12197721 core:FurnitureFittingsToolsEquipment 2024-02-29 12197721 bus:SmallEntities 2023-03-01 2024-02-29 12197721 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 12197721 bus:FilletedAccounts 2023-03-01 2024-02-29 12197721 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12197721 bus:RegisteredOffice 2023-03-01 2024-02-29 12197721 bus:Director1 2023-03-01 2024-02-29 12197721 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 12197721 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12197721 countries:EnglandWales 2023-03-01 2024-02-29 12197721 2023-02-28 12197721 core:FurnitureFittingsToolsEquipment 2023-02-28 12197721 2022-03-01 2023-02-28 12197721 2023-02-28 12197721 bus:OrdinaryShareClass1 2023-02-28 12197721 core:RetainedEarningsAccumulatedLosses 2023-02-28 12197721 core:ShareCapital 2023-02-28 12197721 core:CurrentFinancialInstruments 2023-02-28 12197721 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 12197721 core:Non-currentFinancialInstruments 2023-02-28 12197721 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12197721

Woodhouse Property Management Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Woodhouse Property Management Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Woodhouse Property Management Limited

Company Information

Director

Mr R Woodhouse

Registered office

10 Old Coach Road
Cross
Axbridge
Somerset
BS26 2EF

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

 

Woodhouse Property Management Limited

(Registration number: 12197721)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

62,202

63,749

Cash at bank and in hand

 

5

12

 

62,207

63,761

Creditors: Amounts falling due within one year

6

(18,823)

(17,488)

Total assets less current liabilities

 

43,384

46,273

Creditors: Amounts falling due after more than one year

6

(49,738)

(48,735)

Net liabilities

 

(6,354)

(2,462)

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

(7,354)

(3,462)

Shareholders' deficit

 

(6,354)

(2,462)

For the financial year ending 29 February 2024 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Woodhouse Property Management Limited

(Registration number: 12197721)
Balance Sheet as at 29 February 2024

Approved and authorised by the director on 29 November 2024
 

.........................................
Mr R Woodhouse
Director

 

Woodhouse Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£). All monetary amounts are rounded to the nearest £.

Going concern

At 28 February 2023 the company had net current assets of £49,118 (2022: £31,837) and net liabilities of £2,642 (2022: £10,236). The director has considered the position of the company with respect to its obligations to ensure the business can continue in operational existence for the foreseeable future and confirms his approval to adopt the going concern basis for preparing the accounts.

 

 

Woodhouse Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Woodhouse Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

2

Accounting policies (continued)

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Woodhouse Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

1,672

1,672

At 29 February 2024

1,672

1,672

Depreciation

At 1 March 2023

1,672

1,672

At 29 February 2024

1,672

1,672

Carrying amount

At 29 February 2024

-

-

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

40,874

41,976

Other debtors

 

21,328

21,773

   

62,202

63,749

Details of non-current trade and other debtors

£Nil (2023 -£34,305) of other debors is classified as non current. During the year, the postion regarding the amount owed by K9 Express (Bristol South) Limited (a company under common control) was reviewed and as a result this was reclassified as a long term debtor. The loan was also discounted in accordance with accounting principles at a rate of 10% over 10 years.

 

Woodhouse Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

1,403

1,250

Amounts owed to group undertakings and undertakings in which the company has a participating interest

635

-

Taxation and social security

 

13,393

13,393

Accruals and deferred income

 

3,392

2,845

 

18,823

17,488

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

49,738

48,735

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

       

8

Loans and borrowings

Non-current loans and borrowings

 

Woodhouse Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

8

Loans and borrowings (continued)

2024
£

2023
£

Other borrowings

49,738

48,735

Current loans and borrowings

2024
£

2023
£

Other borrowings

1,403

1,250