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REGISTERED NUMBER: 08376224 (England and Wales)















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: G C Gibbs FCA





REGISTERED OFFICE: Foresters Hall
25-27 Westow Street
Upper Norwood
London
SE193RY





REGISTERED NUMBER: 08376224 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
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 6,898,936 6,883,507

CURRENT ASSETS
Debtors 11,503 13,929
Cash at bank and in hand 21,755 41,380
33,258 55,309
CREDITORS
Amounts falling due within one year (5,961,461 ) (6,085,058 )
NET CURRENT LIABILITIES (5,928,203 ) (6,029,749 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

970,733

853,758

PROVISIONS FOR LIABILITIES (40,000 ) (27,200 )
NET ASSETS 930,733 826,558

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 5 132,800 132,800
Retained earnings 797,833 693,658
SHAREHOLDERS' FUNDS 930,733 826,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2024 and were signed by:





G C Gibbs FCA - Director


Woodcliff Ltd (Registered number: 08376224)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Woodcliff Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures & fittings - 20% on cost

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 6,951,702
Additions 26,143
At 30 April 2024 6,977,845
DEPRECIATION
At 1 May 2023 68,195
Charge for year 10,714
At 30 April 2024 78,909
NET BOOK VALUE
At 30 April 2024 6,898,936
At 30 April 2023 6,883,507

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 132,800

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.