Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30Don Holdings (NI) Limited2023-10-01falsea holding company00truetruefalse NI638271 2023-10-01 2024-09-30 NI638271 2022-10-01 2023-09-30 NI638271 2024-09-30 NI638271 2023-09-30 NI638271 c:Director1 2023-10-01 2024-09-30 NI638271 d:Buildings 2023-10-01 2024-09-30 NI638271 d:Buildings 2024-09-30 NI638271 d:Buildings 2023-09-30 NI638271 d:Buildings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI638271 d:PlantMachinery 2023-10-01 2024-09-30 NI638271 d:PlantMachinery 2024-09-30 NI638271 d:PlantMachinery 2023-09-30 NI638271 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI638271 d:FurnitureFittings 2023-10-01 2024-09-30 NI638271 d:FurnitureFittings 2024-09-30 NI638271 d:FurnitureFittings 2023-09-30 NI638271 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI638271 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 NI638271 d:CurrentFinancialInstruments 2024-09-30 NI638271 d:CurrentFinancialInstruments 2023-09-30 NI638271 d:Non-currentFinancialInstruments 2024-09-30 NI638271 d:Non-currentFinancialInstruments 2023-09-30 NI638271 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 NI638271 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 NI638271 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 NI638271 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 NI638271 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 NI638271 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 NI638271 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 NI638271 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 NI638271 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 NI638271 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 NI638271 d:ShareCapital 2024-09-30 NI638271 d:ShareCapital 2023-09-30 NI638271 d:RetainedEarningsAccumulatedLosses 2024-09-30 NI638271 d:RetainedEarningsAccumulatedLosses 2023-09-30 NI638271 c:FRS102 2023-10-01 2024-09-30 NI638271 c:Audited 2023-10-01 2024-09-30 NI638271 c:FullAccounts 2023-10-01 2024-09-30 NI638271 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI638271 d:Subsidiary1 2023-10-01 2024-09-30 NI638271 d:Subsidiary1 1 2023-10-01 2024-09-30 NI638271 c:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI638271 6 2023-10-01 2024-09-30 NI638271 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: NI638271










WOOD GREEN HEALTHCARE LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
WOOD GREEN HEALTHCARE LTD
REGISTERED NUMBER: NI638271

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,704,392
5,690,853

Investments
 5 
1
1

  
5,704,393
5,690,854

Current assets
  

Debtors: amounts falling due within one year
  
57,500
-

  
57,500
-

Creditors: amounts falling due within one year
 7 
(3,533,835)
(3,086,602)

Net current liabilities
  
 
 
(3,476,335)
 
 
(3,086,602)

Total assets less current liabilities
  
2,228,058
2,604,252

Creditors: amounts falling due after more than one year
  
(2,182,642)
(2,577,728)

  

Net assets
  
45,416
26,524


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
45,415
26,523

  
45,416
26,524


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 statement of comprehensive income 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 25 March 2025.




Malachy Donnelly
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
WOOD GREEN HEALTHCARE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Wood Green Healthcare Limited is a private company limited by shares incorporated in Northern Ireland. The registered office is 12 Killycurragh Road, Omagh, Co. Tyrone, Northern Ireland, BT79 0JD.

The principal activity of the company continued to be that of a holding company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 2

 
WOOD GREEN HEALTHCARE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

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

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight Line
Plant and machinery
-
20%
Straight Line
Fixtures and fittings
-
20%
Straight Line

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.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.7

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.

 
2.8

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.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 3

 
WOOD GREEN HEALTHCARE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 October 2023
5,986,736
10,680
28,400
6,025,816


Additions
103,390
-
-
103,390



At 30 September 2024

6,090,126
10,680
28,400
6,129,206



Depreciation


At 1 October 2023
295,883
10,680
28,400
334,963


Charge for the year on owned assets
89,851
-
-
89,851



At 30 September 2024

385,734
10,680
28,400
424,814



Net book value



At 30 September 2024
5,704,392
-
-
5,704,392



At 30 September 2023
5,690,853
-
-
5,690,853


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
1



At 30 September 2024
1




Page 4

 
WOOD GREEN HEALTHCARE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Wood Green Management Company (NI) Limited
N. Ireland
Ordinary
100%


6.


Debtors

2024
2023
£
£


Other debtors
57,500
-

57,500
-



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
418,709
462,107

Trade creditors
3,780
3,780

Amounts owed to group undertakings
3,084,458
2,589,917

Accruals and deferred income
26,888
30,798

3,533,835
3,086,602


Amounts owed to group undertakings are unsecured, interest free and payable on demand.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,182,642
2,577,728

2,182,642
2,577,728


Page 5

 
WOOD GREEN HEALTHCARE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
418,709
462,107


418,709
462,107

Amounts falling due 1-2 years

Bank loans
418,709
422,402


418,709
422,402

Amounts falling due 2-5 years

Bank loans
628,064
633,603


628,064
633,603

Amounts falling due after more than 5 years

Bank loans
1,135,869
1,521,723

1,135,869
1,521,723

2,601,351
3,039,835


The long-term loans are secured by an all monies debenture over the company's assets, including a first legal all monies charge over the property located at Circular Road, Jordanstown.  There is also a cross company guarantee given by related parties.
Included in bank loans is a loan amount outstanding where an element is due after more than five years. The repayment terms is a monthly repayment over a terms of 15 years commencing in 2018 with an interest rate of base rate + 2.88%.


10.


Controlling party

The ultimate parent undertaking of the company is Don Holdings (NI) Limited, a company registered in Northern Ireland. 
The smallest and largest undertaking of which the company is a member, and for which group financial statements are prepared is Don Holdings (NI) Limited, a company incorporated in Northern Ireland. Group financial statements for this company are prepared and are available to the public from the company's registered office.
Mr Malachy Donnelly and Mrs Siobhan Donnelly are considered to be the ultimate controlling parties due to their shareholding in the ultimate parent undertaking. 

Page 6

 
WOOD GREEN HEALTHCARE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 25 March 2025 by Teresa Campbell (Senior Statutory Auditor) on behalf of AAB Group Accountants Limited.


Page 7