IRIS Accounts Production v25.1.0.734 04302176 Board of Directors 1.9.23 31.8.24 31.8.24 12.2.25 true false true false false false true false Auditors Opinion 40 7837 71083 8100 467 303 70576 40 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043021762023-08-31043021762024-08-31043021762023-09-012024-08-31043021762022-08-31043021762022-09-012023-08-31043021762023-08-3104302176ns15:EnglandWales2023-09-012024-08-3104302176ns14:PoundSterling2023-09-012024-08-3104302176ns10:Director12023-09-012024-08-3104302176ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3104302176ns10:SmallEntities2023-09-012024-08-3104302176ns10:Audited2023-09-012024-08-3104302176ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3104302176ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3104302176ns10:AbridgedAccounts2023-09-012024-08-310430217612023-09-012024-08-310430217643ns10:Director32023-08-310430217643ns10:Director32022-08-310430217643ns10:Director32023-09-012024-08-310430217643ns10:Director32022-09-012023-08-310430217643ns10:Director32024-08-310430217643ns10:Director32023-08-3104302176ns5:CurrentFinancialInstruments2024-08-3104302176ns5:CurrentFinancialInstruments2023-08-3104302176ns5:Non-currentFinancialInstruments2024-08-3104302176ns5:Non-currentFinancialInstruments2023-08-3104302176ns5:ShareCapital2024-08-3104302176ns5:ShareCapital2023-08-3104302176ns5:RetainedEarningsAccumulatedLosses2024-08-3104302176ns5:RetainedEarningsAccumulatedLosses2023-08-3104302176ns10:RegisteredOffice2023-09-012024-08-3104302176ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3104302176ns5:PatentsTrademarksLicencesConcessionsSimilar2023-09-012024-08-3104302176ns5:PlantMachinery2023-09-012024-08-3104302176ns5:FurnitureFittings2023-09-012024-08-3104302176ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-08-3104302176ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-08-3104302176ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-08-3104302176ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3104302176ns5:Secured2024-08-3104302176ns5:Secured2023-08-3104302176ns10:Director22023-09-012024-08-3104302176ns10:Director32023-09-012024-08-3104302176ns10:Director222023-08-3104302176ns10:Director222022-08-3104302176ns10:Director222023-09-012024-08-3104302176ns10:Director222022-09-012023-08-3104302176ns10:Director222024-08-3104302176ns10:Director222023-08-31
REGISTERED NUMBER: 04302176 (England and Wales)



















Financial Statements

for the Year Ended 31 August 2024

for

WOODBOURNE HOMES LTD

WOODBOURNE HOMES LTD (REGISTERED NUMBER: 04302176)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 2


WOODBOURNE HOMES LTD (REGISTERED NUMBER: 04302176)

Abridged Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 4,350 4,350
Tangible assets 6 7,529 9,482
11,879 13,832

CURRENT ASSETS
Stocks 4,747,106 4,630,746
Debtors 7 6,600,755 5,789,709
Cash at bank and in hand 335,878 1,205,975
11,683,739 11,626,430
CREDITORS
Amounts falling due within one year 1,924,446 2,266,123
NET CURRENT ASSETS 9,759,293 9,360,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,771,172

9,374,139

CREDITORS
Amounts falling due after more than one
year

8

(3,020,341

)

(2,843,462

)

PROVISIONS FOR LIABILITIES (127 ) (174 )
NET ASSETS 6,750,704 6,530,503

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,750,604 6,530,403
SHAREHOLDERS' FUNDS 6,750,704 6,530,503

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 31 August 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 Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:





Tanvier Singh Dulay - Director


WOODBOURNE HOMES LTD (REGISTERED NUMBER: 04302176)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Woodbourne Homes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04302176

Registered office: Woodbourne House
10 Harborne Road
Edgbaston
Birmingham
West Midlands
B15 3AA

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


WOODBOURNE HOMES LTD (REGISTERED NUMBER: 04302176)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

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 5 (2023 - 6 ) .

4. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

3,840

3,600

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 4,350
NET BOOK VALUE

At 31 August 2024 4,350
At 31 August 2023 4,350

WOODBOURNE HOMES LTD (REGISTERED NUMBER: 04302176)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 52,789
DEPRECIATION
At 1 September 2023 43,307
Charge for year 1,953
At 31 August 2024 45,260
NET BOOK VALUE
At 31 August 2024 7,529
At 31 August 2023 9,482

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other debtors 75,000 75,000

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 724,263 554,264

Repayable by instalments
Bank loans more 5 yr by instal 1,148,039 1,343,606

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 2 4
Bank loans 3,249,949 3,039,080
3,249,951 3,039,084

The loans and bank overdraft are secured by a fixed and floating charge and a first legal charge on freehold properties held by the company.

WOODBOURNE HOMES LTD (REGISTERED NUMBER: 04302176)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Kulwinder Singh Chawla (Senior Statutory Auditor)
for and on behalf of Brindleys Limited

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Hardip Singh Dulay and Ravinder Kaur Dulay
Balance outstanding at start of year (40 ) (7,837 )
Amounts advanced 71,083 8,100
Amounts repaid (467 ) (303 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 70,576 (40 )

Dividend for the year is £100,000 (£100,000 in 2023)

12. RELATED PARTY DISCLOSURES

The following current assets are due from related companies with no terms are attached to the transactions

Woodbourne Group (GSC) Ltd = £400 (£200 in 2023)
Woodbourne Group (Abbey Road) Ltd = £47,618 (£ 47,618 in 2023)
Global Wines (UK) Ltd = £ 7,255 (£7,255 in 2023)
Woodbourne Ventures (SC) Ltd = £200,000 (£200,000 on 2023)
Netw4k Ltd = £ 2,603 (£ 834 in 2023)
Woodbourne Group (Mill Street) Ltd = £ 1,635,295 (£1,399,295 in 2023)
Woodbourne group(Saxon Way) Ltd = £ 747,647 (£718,891 in 2023)
Apex House 6 Ltd = £ 669,650 (£ 654,650 in 2023)
Any house wanted ltd. = £26,050 (Nil in 2023)
Woodbourne Group (Barlestone) Ltd = £ 292,800 (£ 287,800 in 2023)
Full Moon UK ltd = 982,937 (968,937 in 2023)
Woodbourne Developments Ltd = £91,000 (£1,000 in 2023)
Woodbourne Group (Black Lake) Ltd = Nil (£510,523 in 2023)
Mink Cloud Capital Ltd = £75,000 (75,000 in 2023)

The following current liabilities are due to related companies with no terms attached to the transactions

Woodbourne Group PLC = £1,493,389 (£99,500 on 2023)
Let and Manage Ltd. = £ 16,130 (£ 16,130 in 2023)
Woodbourne Group (Dudley) Ltd £ 60,162 (86,162 in 2022)
Woodbourne Group (Battensdrive) Ltd = Nil (£1,645,450 in 20223