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Registered number: 09337764












WOKING NECROPOLIS AND MAUSOLEUM LIMITED
DIRECTORS' REPORT
AND CONSOLIDATED FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED
 31 MARCH 2024



















 


img494a.png
01483 755 399
hamlyns.com

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
REGISTERED NUMBER: 09337764

CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2024

31 March
31 December
2024
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
10,017
20,036

Tangible assets
 5 
7,598,556
4,571,169

  
7,608,573
4,591,205

Current assets
  

Stocks
 7 
268,762
403,143

Debtors: amounts falling due within one year
 8 
42,125
124,660

Cash at bank and in hand
 9 
404,096
361,703

  
714,983
889,506

Creditors: amounts falling due within one year
 10 
(196,392)
(337,774)

Net current assets
  
 
 
518,591
 
 
551,732

Total assets less current liabilities
  
8,127,164
5,142,937

Creditors: amounts falling due after more than one year
 11 
(3,368,911)
(388,275)

Provisions for liabilities
  

Deferred taxation
 12 
(658,610)
(69,601)

  
 
 
(658,610)
 
 
(69,601)

Net assets excluding pension asset
  
4,099,643
4,685,061

Net assets
  
4,099,643
4,685,061


Capital and reserves
  

Called up share capital 
 14 
6,000,001
6,000,001

Non-distributable reserve
  
3,865,179
3,865,179

Profit and loss account
  
(5,765,916)
(5,180,498)

Equity attributable to owners of the parent Company
  
4,099,264
4,684,682

Non-controlling interests
  
379
379

  
4,099,643
4,685,061


Page 1

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
REGISTERED NUMBER: 09337764

CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 consolidated profit and loss account 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 24 March 2025.




___________________________
Christopher William Reid
Director

The notes on pages 9 to 21 form part of these financial statements.

Page 2

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
REGISTERED NUMBER: 09337764

COMPANY BALANCE SHEET
AS AT 31 MARCH 2024

31 March
31 December
2024
2022
Note
£
£

Fixed assets
  

Investments
 6 
3,980,873
3,980,873

  
3,980,873
3,980,873

Current assets
  

Debtors: amounts falling due within one year
 8 
-
1,786,931

  
-
1,786,931

Creditors: amounts falling due within one year
 10 
-
(170,195)

Net current assets
  
 
 
-
 
 
1,616,736

Total assets less current liabilities
  
3,980,873
5,597,609

  

  

Net assets excluding pension asset
  
3,980,873
5,597,609

Net assets
  
3,980,873
5,597,609


Capital and reserves
  

Called up share capital 
 14 
6,000,001
6,000,001

Profit and loss account brought forward
  
(402,392)
(402,392)

Loss/(profit) for the period
  
(1,616,736)
-

Profit and loss account carried forward
  
(2,019,128)
(402,392)

  
3,980,873
5,597,609


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 consolidated profit and loss account 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 24 March 2025.


___________________________
Christopher William Reid
Director

The notes on pages 9 to 21 form part of these financial statements.

Page 3

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024


Called up share capital
Revaluation reserve
Profit and loss account
Equity attributable to owners of parent Company
Non-controlling interests

£
£
£
£
£

At 1 January 2023
6,000,001
3,865,179
(5,180,498)
4,684,682
379


Comprehensive income for the period

Loss for the period

-
-
(585,418)
(585,418)
-


Other comprehensive income for the period
-
-
-
-
-


Total comprehensive income for the period
-
-
(585,418)
(585,418)
-


Total transactions with owners
-
-
-
-
-


At 31 March 2024
6,000,001
3,865,179
(5,765,916)
4,099,264
379


Total equity

£

At 1 January 2023
4,685,061


Comprehensive income for the period

Loss for the period

(585,418)


Other comprehensive income for the period
-


Total comprehensive income for the period
(585,418)


Total transactions with owners
-


At 31 March 2024
4,099,643

Page 4

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 


CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024


The notes on pages 9 to 21 form part of these financial statements.

Page 5

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2022


Called up share capital
Revaluation reserve
Profit and loss account
Equity attributable to owners of parent Company
Non-controlling interests

£
£
£
£
£

At 1 January 2022
6,000,001
3,865,179
(5,317,621)
4,547,559
379


Comprehensive income for the year

Profit for the year

-
-
137,123
137,123
-


Other comprehensive income for the year
-
-
-
-
-


Total comprehensive income for the year
-
-
137,123
137,123
-


Total transactions with owners
-
-
-
-
-


At 31 December 2022
6,000,001
3,865,179
(5,180,498)
4,684,682
379


Total equity

£

At 1 January 2022
4,547,938


Comprehensive income for the year

Profit for the year

137,123


Other comprehensive income for the year
-


Total comprehensive income for the year
137,123


Total transactions with owners
-


At 31 December 2022
4,685,061


The notes on pages 9 to 21 form part of these financial statements.

Page 6

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2023
6,000,001
(402,392)
5,597,609


Comprehensive income for the year

Loss for the period

-
(1,616,736)
(1,616,736)


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
(1,616,736)
(1,616,736)


Total transactions with owners
-
-
-


At 31 March 2024
6,000,001
(2,019,128)
3,980,873


The notes on pages 9 to 21 form part of these financial statements.


COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2022


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 January 2022
6,000,001
(402,392)
5,597,609


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
-
-


Total transactions with owners
-
-
-


At 31 December 2022
6,000,001
(402,392)
5,597,609


The notes on pages 9 to 21 form part of these financial statements.

Page 7

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 MARCH 2024

31 March
31 December
2024
2022
£
£

Cash flows from operating activities

Profit for the financial period
(585,418)
137,123

Adjustments for:

Amortisation of intangible assets
10,019
10,019

Depreciation of tangible assets
511,563
26,978

Release of government grant
(485,835)
(5,863)

(Profit)/loss on disposal of tangible assets
(15,201)
-

Interest paid
6
-

Corporation tax received/(paid)
-
(210)

Taxation charge
589,010
5,502

Decrease in stocks
134,381
124,783

Decrease/(increase) in debtors
82,534
(91,971)

Increase in creditors
2,608,396
70,827

Restatement of fixed assets
(3,168,874)
-

(Decrease) in amounts owed to groups
(146,241)
(91,351)

Net cash generated from operating activities

(465,660)
185,837


Cash flows from investing activities

Purchase of tangible fixed assets
-
(40,169)

Sale of tangible fixed assets
22,224
-

Government grants received
485,835
5,863

Net cash from investing activities

508,059
(34,306)

Cash flows from financing activities

Interest paid
(6)
-

Net cash used in financing activities
(6)
-

Net increase in cash and cash equivalents
42,393
151,531

Cash and cash equivalents at beginning of period
361,703
210,172

Cash and cash equivalents at the end of period
404,096
361,703


Cash and cash equivalents at the end of period comprise:

Cash at bank and in hand
404,096
361,703

404,096
361,703


The notes on pages 9 to 21 form part of these financial statements.

Page 8

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Woking Necropolis and Mausoleum Limited 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 general information page.

During the year the company extended its accounting period to match that of its parent company, as such the prior year figures are not entirely comparable.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies.

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own profit and loss account in these financial statements.

The following principal accounting policies have been applied:

 
2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the consolidated profit and loss account from the date on which control is obtained. They are deconsolidated from the date control ceases.
In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 02 December 2014.

 
2.3

Going concern

The Directors of Woking Necropolis and Mausoleum Limited believe that the company can continue as a going concern.
We have taken steps to ensure that the company can continue to operate within its means, including producing a five-year business plan and a cash projection forecast for the 25/26 financial year. The company will continue to explore the potential to reduce its operating costs, manage
capital investment and identify additional revenue sources.
Despite the position of our ultimate parent company, Woking Borough Council, we are confident that these measures will enable us to ensure that any expenditure incurred can be met from revenue generated.

Page 9

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Group has transferred the significant risks and rewards of ownership to the buyer;
the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Group will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the consolidated profit and loss account in the same period as the related expenditure.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

 
2.7

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Group in independently administered funds.

Page 10

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the consolidated profit and loss account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
10
years

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 11

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line, and reducing balance method..

Depreciation is provided on the following basis:

Freehold land
-
Not depreciated
Plant and machinery
-
15%
Reducing balance
Motor vehicles
-
20%
Reducing balance
Fixtures and fittings
-
15%
Reducing balance
Office equipment
-
25%
Reducing balance
Infrastructure
-
Straight line over 50 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 12

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including the Directors, during the period was as follows:



Group
Group
Company
Company
        2024
        2022
        2024
        2022
            No.
            No.
            No.
            No.









Average number of employees
18
18
5
7

Page 13

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Intangible assets

Group and Company







Goodwill

£



Cost


At 1 January 2023
100,188



At 31 March 2024

100,188



Amortisation


At 1 January 2023
80,152


Charge for the period on owned assets
10,019



At 31 March 2024

90,171



Net book value



At 31 March 2024
10,017



At 31 December 2022
20,036



Page 14

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Tangible fixed assets

Group








Freehold Land
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 January 2023
3,950,000
142,212
7,995
204,194
11,427


Disposals
-
(24,250)
-
-
-


Adjustments
-
352
-
229,181
1,504



At 31 March 2024

3,950,000
118,314
7,995
433,375
12,931



Depreciation


At 1 January 2023
-
87,434
4,611
178,355
8,643


Charge for the period on owned assets
-
8,988
634
26,828
1,019


Disposals
-
(17,227)
-
-
-


Adjustments
-
168
-
111,940
1,028



At 31 March 2024

-
79,363
5,245
317,123
10,690



Net book value



At 31 March 2024
3,950,000
38,951
2,750
116,252
2,241



At 31 December 2022
3,950,000
54,777
3,384
25,839
2,784
Page 15

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

           5.Tangible fixed assets (continued)


Other fixed assets
Total

£
£



Cost or valuation


At 1 January 2023
564,884
4,880,712


Disposals
-
(24,250)


Adjustments
3,314,936
3,545,973



At 31 March 2024

3,879,820
8,402,435



Depreciation


At 1 January 2023
30,500
309,543


Charge for the period on owned assets
96,995
134,464


Disposals
-
(17,227)


Adjustments
263,963
377,099



At 31 March 2024

391,458
803,879



Net book value



At 31 March 2024
3,488,362
7,598,556



At 31 December 2022
534,385
4,571,169

An adjustment has been entered in relation to grants which had been incorrectly applied in prior years.




The net book value of land and buildings may be further analysed as follows:


31 March
31 December
2024
2022
£
£

Freehold Land
3,950,000
3,950,000

3,950,000
3,950,000


Page 16

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
Cost or valuation at 31 March 2024 is as follows:

Land and buildings
£


At cost
84,821
At valuation:

2014 Smith & Gore valuation
3,865,179



3,950,000

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

31 March
31 December
2024
2022
£
£

Group


Cost
84,821
84,821

Net book value
84,821
84,821


6.


Fixed asset investments

Company








Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
3,980,873



At 31 March 2024
3,980,873






Net book value



At 31 March 2024
3,980,873



At 31 December 2022
3,980,873

Page 17

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024



The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Brookwood Park Limited
The St Botoph Building, 138 Houndsditch, London EC31 7AR
Ordinary
99.98%
Brookwood Cemetery Limited
The St Botoph Building, 138 Houndsditch, London EC31 7AR
Ordinary
99.98%

The aggregate of the share capital and reserves as at 31 March 2024 and the profit or loss for the period ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Brookwood Park Limited
3,314,627
1,041,338

Brookwood Cemetery Limited
775,000
-


7.


Stocks

Group
31 March
Group
31 December
2024
2022
£
£

Finished goods
268,762
403,143

268,762
403,143


Page 18

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

8.


Debtors

Group
31 March
Group
31 December
Company
31 March
Company
31 December
2024
2022
2024
2022
£
£
£
£


Trade debtors
33,028
103,962
-
-

Other debtors
920
19,901
-
-

Prepayments and accrued income
8,177
797
-
-

Amounts owed by group undertakings
-
-
-
1,786,931

42,125
124,660
-
1,786,931



9.


Cash and cash equivalents

Group
31 March
Group
31 December
2024
2022
£
£

Cash at bank and in hand
404,096
361,703

404,096
361,703



10.


Creditors: Amounts falling due within one year

Group

31 March
Group
31 December
Company

31 March
Company
31 December
2024
2022
2024
2022
£
£
£
£

Trade creditors
2,564
96,031
-
-

Other taxation and social security
40,583
8,773
-
-

Other creditors
7,749
2,952
-
-

Accruals and deferred income
103,872
42,153
-
-

Amounts owed to group undertakings
41,624
187,865
-
170,195

196,392
337,774
-
170,195


Page 19

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

11.


Creditors: Amounts falling due after more than one year

Group

31 March
Group
31 December
2024
2022
£
£

Accruals and deferred income
3,368,911
388,275

3,368,911
388,275



12.


Deferred taxation


Group



2024


£






At beginning of year
(69,601)


Charged to profit or loss
(589,009)



At end of year
(658,610)

Company


2024






At end of year
-
The provision for deferred taxation is made up as follows:

Group

31 March
Group
31 December
2024
2022
£
£

Accelerated capital allowances
(658,610)
(69,601)

(658,610)
(69,601)


13.


Securities and mortgages

Barclays  bank  has registered  charges  resulting  in  a  floating  charge  covering  all  the  property  or
undertakings of the company dated 5th May 2014 in addition to a charge dated 23rd October 2014, which includes freehold property.Enter user text here.


14.


Share capital

Page 20

 
WOKING NECROPOLIS AND MAUSOLEUM LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
31 March
31 December
2024
2022
£
£
Allotted, called up and fully paid



6,000,001 (2022 - 6,000,001) Ordinary shares of £1.00 each
6,000,001
6,000,001

Each share is entitled to one vote in any circumstances and each share is also entitle pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company. The shares are not redeemable.



15.


Pension commitments

The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group  in an independently administered fund. The pension cost charge represents contributions payable by the Group  to the fund and amounted to £23,830 (2022 - £18,179) . Contributions totalling £NIL (2022 - £NIL) were payable to the fund at the balance sheet date and are included in creditors.


16.


Related party transactions

At the balance sheet date £41,463 (2022: £17,669) was due to the ultimate parent entity relating to transactions from trade relationships. Any resulting debits or credits are included within short term debtors or creditors.
There were purchases totalling £189,459 (2022: £181,181) in the year with the ulitmate parent entity by a subsiduary undertaking.
There were purchases totalling £NIL (2022: £14,870) in the year with a related party under common control of a director by a subsiduary undertaking.


17.


Controlling party

The immediate and ultimate parent of the entity is Woking Borough Council by virtue of shareholding.


18.


Non-controlling interests

The non-controlling interest represents less than 0.02% being 10 of the 60,120 ordinary shares of Brookwood park Limited.


19.
 

Provisions available for audits of small entities

In common with many other businesses of our size and nature, we use our auditor to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.


20.


Auditors' information

The auditors' report on the financial statements for the period ended 31 March 2024 was unqualified.

The audit report was signed on 24 March 2025 by Oliver Spevack (senior statutory auditor) on behalf of Hamlyns Limited.

Page 21