Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-07-14Letting of propertyfalsefalse10truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 15003086 2023-07-13 15003086 2023-07-14 2024-07-31 15003086 2022-07-14 2023-07-13 15003086 2024-07-31 15003086 c:Director1 2023-07-14 2024-07-31 15003086 d:LeaseholdInvestmentProperty 2023-07-14 2024-07-31 15003086 d:LeaseholdInvestmentProperty 2024-07-31 15003086 d:CurrentFinancialInstruments 2024-07-31 15003086 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 15003086 d:ShareCapital 2024-07-31 15003086 d:RetainedEarningsAccumulatedLosses 2024-07-31 15003086 c:FRS102 2023-07-14 2024-07-31 15003086 c:AuditExempt-NoAccountantsReport 2023-07-14 2024-07-31 15003086 c:FullAccounts 2023-07-14 2024-07-31 15003086 c:PrivateLimitedCompanyLtd 2023-07-14 2024-07-31 15003086 e:PoundSterling 2023-07-14 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 15003086










WOAD PROPERTY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2024

 
WOAD PROPERTY LIMITED
REGISTERED NUMBER: 15003086

BALANCE SHEET
AS AT 31 JULY 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
603,013

Current assets
  

Debtors: amounts falling due within one year
 5 
5,254

Cash at bank and in hand
  
39,441

  
44,695

Creditors: amounts falling due within one year
 6 
(655,123)

Net current (liabilities)/assets
  
 
 
(610,428)

Total assets less current liabilities
  
(7,415)

  

Net (liabilities)/assets
  
(7,415)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(7,515)

  
(7,415)


Page 1

 
WOAD PROPERTY LIMITED
REGISTERED NUMBER: 15003086
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 6 January 2025.




T J Whewell
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
WOAD PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

Woad Property Limited is a private limited company limited by shares, incorporated in England and Wales (registered number: 15003086). Its registered office is 2 Old Wool Lane, Cheadle Hulme, Cheadle, Greater Manchester, SK8 5JB. The principal activity of the Company throughout the period continued to be that of letting and operating of own or leased real estate.

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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at 31 July 2024, the Company had an excess of liabilities over it's total assets amount to £7,415. However, the financial statements have been prepared on a going concern basis as, in the opinion of the Director, the future profitiability and cash generation of the Company will enable the Company to meet it's liabilities.

 
2.3

Revenue

Rental income represents the rents due for the period under operating leases, all of which relate to properties in the United Kingdom.

 
2.4

Current taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current 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.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

Page 3

 
WOAD PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables and receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Investment property


Long term investment property

£



Valuation


Additions at cost
603,013



At 31 July 2024
603,013

The 2024 valuations were made by the director, on an open market value for existing use basis.





Page 4

 
WOAD PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

5.


Debtors

2024
£


Trade debtors
3,532

Other debtors
1,308

Prepayments and accrued income
414

5,254



6.


Creditors: Amounts falling due within one year

2024
£

Other creditors
651,144

Accruals and deferred income
3,979

655,123


 
Page 5