REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2024 |
for |
Woodcliff Ltd |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 30 April 2024 |
for |
Woodcliff Ltd |
Woodcliff Ltd (Registered number: 08376224) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Woodcliff Ltd |
Company Information |
for the Year Ended 30 April 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Foresters Hall |
25/27 Westow Street |
Upper Norwood |
London |
SE19 3RY |
Woodcliff Ltd (Registered number: 08376224) |
Abridged Balance Sheet |
30 April 2024 |
30/4/24 | 30/4/23 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 5 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Woodcliff Ltd (Registered number: 08376224) |
Abridged Balance Sheet - continued |
30 April 2024 |
The financial statements were approved by the director and authorised for issue on |
Woodcliff Ltd (Registered number: 08376224) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
Woodcliff Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rents receivable excluding Value Added Tax. |
Tangible fixed assets |
Improvements to property | - |
Fixtures & fittings | - |
Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.Subsequently it is measured at fair value at the reporting end date.The surplus or deficit on revaluation is recognised in the profit and loss account. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Woodcliff Ltd (Registered number: 08376224) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
2. | ACCOUNTING POLICIES - continued |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST OR VALUATION |
At 1 May 2023 |
Additions |
At 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
Cost or valuation at 30 April 2024 is represented by: |
Investment | Improvements | Fixtures & |
Properties | to property | fittings | Totals |
£ | £ | £ | £ |
Valuation in 2016 | 160,000 | - | - | 160,000 |
Cost | 6,712,391 | 16,946 | 88,508 | 6,817,845 |
6,872,391 | 16,946 | 88,508 | 6,977,845 |
The company's freehold and leasehold properties are held as investments and have been included in the accounts at the director's valuation. The director considers the market value of all the the investment properties as at 30 April 2024 to be £6,872,391. (2023: £6,872,391).The valuation was made on open market basis by reference to market evidence of transaction prices of similar properties. |
Woodcliff Ltd (Registered number: 08376224) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
5. | RESERVES |
Fair value |
reserve |
£ |
At 1 May 2023 |
and 30 April 2024 |
6. | POST BALANCE SHEET EVENTS |
The financial statements have been prepared on a going concern basis. The Director has reviewed and considered the relevant information in making their assessment, particularly, in response to the Covid-19 pandemic. The Director has taken into account the impact of the pandemic on the business, along with the measures that he can take to reduce the impact. Based on these assessments, given the measures that could be taken to mitigate the current adverse conditions and the current resources available, the Director has concluded that the going concern basis is appropriate. |