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REGISTERED NUMBER: 00477998 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

WOODLANDS (WORCESTERSHIRE) LIMITED

WOODLANDS (WORCESTERSHIRE) LIMITED (REGISTERED NUMBER: 00477998)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOODLANDS (WORCESTERSHIRE) LIMITED

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: J F Preece
P Knight





REGISTERED OFFICE: Generation House
Vale Business Park
Evesham
Worcestershire
WR11 1GP





REGISTERED NUMBER: 00477998 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

WOODLANDS (WORCESTERSHIRE) LIMITED (REGISTERED NUMBER: 00477998)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,994,121 4,256,019

CURRENT ASSETS
Stocks 228,415 261,154
Debtors 5 1,347,160 1,194,993
Cash at bank 486,969 430,088
2,062,544 1,886,235
CREDITORS
Amounts falling due within one year 6 1,150,145 1,088,282
NET CURRENT ASSETS 912,399 797,953
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,906,520

5,053,972

CREDITORS
Amounts falling due after more than one
year

7

(843,041

)

(853,102

)

PROVISIONS FOR LIABILITIES (882,651 ) (725,363 )
NET ASSETS 5,180,828 3,475,507

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Revaluation reserve 8 1,465,526 1,058,551
Retained earnings 3,712,302 2,413,956
5,180,828 3,475,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WOODLANDS (WORCESTERSHIRE) LIMITED (REGISTERED NUMBER: 00477998)

BALANCE SHEET - continued
31 May 2024


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 Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





J F Preece - Director


WOODLANDS (WORCESTERSHIRE) LIMITED (REGISTERED NUMBER: 00477998)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Woodlands (Worcestershire) 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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.

WOODLANDS (WORCESTERSHIRE) LIMITED (REGISTERED NUMBER: 00477998)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 June 2023 2,107,033 3,089,498 43,396 5,239,927
Additions - 1,730,368 12,426 1,742,794
Disposals - (36,113 ) - (36,113 )
Revaluations 430,000 - - 430,000
At 31 May 2024 2,537,033 4,783,753 55,822 7,376,608
DEPRECIATION
At 1 June 2023 152,490 818,978 12,440 983,908
Charge for year 4,387 396,995 4,338 405,720
Eliminated on disposal - (7,141 ) - (7,141 )
At 31 May 2024 156,877 1,208,832 16,778 1,382,487
NET BOOK VALUE
At 31 May 2024 2,380,156 3,574,921 39,044 5,994,121
At 31 May 2023 1,954,543 2,270,520 30,956 4,256,019

Cost or valuation at 31 May 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Valuation in 2019 - (193,209 ) - (193,209 )
Valuation in 2020 959,580 - - 959,580
Valuation in 2021 426,400 - - 426,400
Valuation in 2023 - 25,420 - 25,420
Valuation in 2024 430,000 - - 430,000
Cost 721,053 4,951,542 55,822 5,728,417
2,537,033 4,783,753 55,822 7,376,608

WOODLANDS (WORCESTERSHIRE) LIMITED (REGISTERED NUMBER: 00477998)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 967,800 761,107
Amounts owed by group undertakings - 130,858
Other debtors 165,175 165,175
Directors' current accounts - 1,500
Tax 63,785 63,785
VAT 38,285 -
Prepayments 112,115 72,568
1,347,160 1,194,993

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,063 10,000
Trade creditors 604,310 397,264
Amounts owed to group undertakings 219,143 -
Tax 29,868 256,190
Social security and other taxes 2,530 76,188
Other creditors 14,579 8,096
Credit card control 1,294 3,057
WWL pension scheme 100,000 100,000
Sales ledger credit balances 109,699 201,913
Woodlands Generators Limited 1,107 1,107
Accrued expenses 57,552 34,467
1,150,145 1,088,282

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,314 10,000
Bank loans - 2-5 years 7,958 18,333
WWL pension scheme 824,769 824,769
843,041 853,102

8. RESERVES
Revaluation
reserve
£   
At 1 June 2023 1,058,551
Revaluation in year 430,000
Deferred tax (23,025 )

At 31 May 2024 1,465,526

WOODLANDS (WORCESTERSHIRE) LIMITED (REGISTERED NUMBER: 00477998)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 May 2024 and the period ended 31 May 2023:

2024 2023
£    £   
J F Preece
Balance outstanding at start of year 1,500 -
Amounts advanced - 1,500
Amounts repaid (1,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,500

10. RELATED PARTY DISCLOSURES

A director is the sole beneficiary of a pension scheme, which has provided credit to the company by way of a number of loans. The total amount due to the pension scheme at 31 May 2024 was £924,769 (2023 £924,769). The company has agreed a structured repayment of the debt in that £100,000 is repayable within one year with £824,769 being repayable by instalments in more than one year.

Last year the company transferred ownership of the investment property known as "Land at Bengeworth" to the pension company for £650,000. The transfer took place to reimburse the pension scheme for outstanding rent and interest charged thereon, together with repayment of part of the loan from the pension company. The property was transferred at a market value supplied by independent valuers Moore Allen & Innocent.

The company also rents land from the pension scheme for which it was charged £216,667 (2023 £154,583) in the year. Interest of £nil (2023 £33,944) was charged to the company on unpaid rent during the year at a rate of 4% over base.

Included within creditors is £219,143 (2022 debtor of £130,858) in respect of an intercompany balance owed to the parent company, Woodlands Corporation Limited. Furthermore, included in creditors is a balance of £1,107 (2023 £1,107) in respect of a subsidiary, Woodlands Generators Ltd.

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Woodlands Corporation Ltd.