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Registered number: 07209932
Woodland Property (UK) Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 07209932
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 666,624 667,566
Investments 5 100 100
666,724 667,666
CURRENT ASSETS
Debtors 6 77,068 87,531
Cash at bank and in hand 19,546 29,599
96,614 117,130
Creditors: Amounts Falling Due Within One Year 7 (27,515 ) (46,101 )
NET CURRENT ASSETS (LIABILITIES) 69,099 71,029
TOTAL ASSETS LESS CURRENT LIABILITIES 735,823 738,695
Creditors: Amounts Falling Due After More Than One Year 8 (600,452 ) (604,566 )
NET ASSETS 135,371 134,129
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 135,271 134,029
SHAREHOLDERS' FUNDS 135,371 134,129
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
R A Long
Director
23rd December 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2022 100 161,596 161,696
Profit for the year and total comprehensive income - 58,642 58,642
Dividends paid - (86,209) (86,209)
As at 31 March 2023 and 1 April 2023 100 134,029 134,129
Profit for the year and total comprehensive income - 49,742 49,742
Dividends paid - (48,500) (48,500)
As at 31 March 2024 100 135,271 135,371
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Woodland Property (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07209932 . The registered office is Unit 8 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham, Nottinghamshire, NG12 4DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 4
Page 5
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 663,798 4,450 63,230 731,478
As at 31 March 2024 663,798 4,450 63,230 731,478
Depreciation
As at 1 April 2023 - 4,262 59,650 63,912
Provided during the period - 47 895 942
As at 31 March 2024 - 4,309 60,545 64,854
Net Book Value
As at 31 March 2024 663,798 141 2,685 666,624
As at 1 April 2023 663,798 188 3,580 667,566
5. Investments
Unlisted
£
Cost
As at 1 April 2023 100
As at 31 March 2024 100
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 100
As at 1 April 2023 100
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 33,285 48,348
Amounts owed by group undertakings 43,783 39,183
77,068 87,531
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Page 6
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 168 -
Bank loans and overdrafts 19,515 28,451
Corporation tax 6,002 14,051
Other creditors 1,830 3,599
27,515 46,101
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 600,452 604,566
600,452 604,566
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors: £33,285 (2023: £48,348)
The above loan is unsecured, interest free and repayable on demand.
10. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their ownership of the issued share capital in the company.
Page 6