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REGISTERED NUMBER: 03139984 (England and Wales)






Woolley Commercial Properties Limited

Financial Statements

for the Year Ended 27 March 2024






Woolley Commercial Properties Limited (Registered number: 03139984)

Contents of the Financial Statements
for the year ended 27 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Woolley Commercial Properties Limited

Company Information
for the year ended 27 March 2024







DIRECTOR: Mr P A Dunford





SECRETARY: Mr P A Dunford





REGISTERED OFFICE: Roseneath
263 Barnsley Road
Flockton
Wakefield
West Yorkshire
WF4 4AT





REGISTERED NUMBER: 03139984 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Woolley Commercial Properties Limited (Registered number: 03139984)

Balance Sheet
27 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,197 48,716

CURRENT ASSETS
Stocks 44,951 191,445
Debtors 5 594,510 478,139
Cash at bank 10,028 28,503
649,489 698,087
CREDITORS
Amounts falling due within one year 6 205,952 266,095
NET CURRENT ASSETS 443,537 431,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,734

480,708

Woolley Commercial Properties Limited (Registered number: 03139984)

Balance Sheet - continued
27 March 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 501,634 480,608
SHAREHOLDERS' FUNDS 501,734 480,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 March 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.

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

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 26 March 2025 and were signed by:





Mr P A Dunford - Director


Woolley Commercial Properties Limited (Registered number: 03139984)

Notes to the Financial Statements
for the year ended 27 March 2024


1. STATUTORY INFORMATION

Woolley Commercial Properties 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 Company Information page.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

In respect of long-term contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

All fixed assets are initially recorded at cost.

Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate.

Woolley Commercial Properties Limited (Registered number: 03139984)

Notes to the Financial Statements - continued
for the year ended 27 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when; a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or, c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Woolley Commercial Properties Limited (Registered number: 03139984)

Notes to the Financial Statements - continued
for the year ended 27 March 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 28 March 2023 111,625 85,725 1,457 198,807
Additions - 28,539 - 28,539
Disposals - (16,000 ) - (16,000 )
At 27 March 2024 111,625 98,264 1,457 211,346
DEPRECIATION
At 28 March 2023 76,740 72,443 908 150,091
Charge for year 5,229 7,020 200 12,449
Eliminated on disposal - (9,391 ) - (9,391 )
At 27 March 2024 81,969 70,072 1,108 153,149
NET BOOK VALUE
At 27 March 2024 29,656 28,192 349 58,197
At 27 March 2023 34,885 13,282 549 48,716

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 133,226 18,497
Amounts owed by connected parties 4,644 -
Other debtors 107,879 108,765
Directors' current accounts 346,218 350,377
VAT 1,885 -
Prepayments and accrued income 658 500
594,510 478,139

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 35,198 37,621
Amounts owed to connected parties 159,824 126,789
VAT - 29,626
Other creditors 6,030 58,886
Accruals and deferred income 4,900 13,173
205,952 266,095

Woolley Commercial Properties Limited (Registered number: 03139984)

Notes to the Financial Statements - continued
for the year ended 27 March 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 27 March 2024 and 27 March 2023:

2024 2023
£    £   
Mr P A Dunford
Balance outstanding at start of year 350,377 290,967
Amounts advanced 17,857 114,081
Amounts repaid (22,016 ) (54,671 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 346,218 350,377