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Company No: 08577162 (England and Wales)

CHERWELL WOODLANDS WAY LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

CHERWELL WOODLANDS WAY LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

CHERWELL WOODLANDS WAY LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2024
CHERWELL WOODLANDS WAY LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2024
DIRECTOR A J Thompson
REGISTERED OFFICE The Barn
Highfield House
Hollow Lane
Wilton
Wiltshire
SN8 3SR
Wilton
United Kingdom
COMPANY NUMBER 08577162 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
CHERWELL WOODLANDS WAY LIMITED

BALANCE SHEET

As at 30 April 2024
CHERWELL WOODLANDS WAY LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 30.04.2024 30.04.2023
£ £
Fixed assets
Tangible assets 3 6,964 8,773
Investment property 4 8,170,000 8,755,000
8,176,964 8,763,773
Current assets
Debtors
- due within one year 5 1,711 49,500
- due after more than one year 5 10,000 0
Cash at bank and in hand 6 48,732 37,092
60,443 86,592
Creditors: amounts falling due within one year 7 ( 42,514) ( 104,341)
Net current assets/(liabilities) 17,929 (17,749)
Total assets less current liabilities 8,194,893 8,746,024
Creditors: amounts falling due after more than one year 8 ( 4,552,600) ( 4,552,600)
Provision for liabilities 9 ( 734,358) ( 864,430)
Net assets 2,907,935 3,328,994
Capital and reserves
Called-up share capital 1 1
Revaluation reserve 1,983,090 2,427,060
Profit and loss account 924,844 901,933
Total shareholder's funds 2,907,935 3,328,994

For the financial year ending 30 April 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 financial statements of Cherwell Woodlands Way Limited (registered number: 08577162) were approved and authorised for issue by the Director on 02 February 2025. They were signed on its behalf by:

A J Thompson
Director
CHERWELL WOODLANDS WAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
CHERWELL WOODLANDS WAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cherwell Woodlands Way Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Barn, Highfield House, Hollow Lane, Wilton, Wiltshire, SN8 3SR,, Wilton, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

30.04.2024 30.04.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2023 13,097 13,097
Additions 1,238 1,238
At 30 April 2024 14,335 14,335
Accumulated depreciation
At 01 May 2023 4,324 4,324
Charge for the financial year 3,047 3,047
At 30 April 2024 7,371 7,371
Net book value
At 30 April 2024 6,964 6,964
At 30 April 2023 8,773 8,773

4. Investment property

Investment property
£
Valuation
As at 01 May 2023 8,755,000
Fair value movement (585,000)
As at 30 April 2024 8,170,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

30.04.2024 30.04.2023
£ £
Historic cost 5,463,602 5,463,602

5. Debtors

30.04.2024 30.04.2023
£ £
Debtors: amounts falling due within one year
Amounts owed by Parent undertakings 1,711 0
Other debtors 0 49,500
1,711 49,500
Debtors: amounts falling due after more than one year
Short term loans to Group companies 10,000 0

6. Cash and cash equivalents

30.04.2024 30.04.2023
£ £
Cash at bank and in hand 48,732 37,092

7. Creditors: amounts falling due within one year

30.04.2024 30.04.2023
£ £
Amounts owed to director 13,863 74,511
Accruals 1,900 3,860
Other taxation and social security 845 845
Other creditors 25,906 25,125
42,514 104,341

8. Creditors: amounts falling due after more than one year

30.04.2024 30.04.2023
£ £
Bank loans 4,552,600 4,552,600

There are no amounts included above in respect of which any security has been given by the small entity.

9. Deferred tax

30.04.2024 30.04.2023
£ £
At the beginning of financial year ( 864,430) ( 864,338)
Credited/(charged) to the Profit and Loss Account 130,072 ( 92)
At the end of financial year ( 734,358) ( 864,430)

10. Ultimate controlling party

Parent Company:

Windmill Group Holdings Limited
The Barn Highfield House, Hollow Lane, Wilton, Wiltshire, SN8 3SR