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Registered number: 01223734










WOODSIDE PARK ESTATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
WOODSIDE PARK ESTATES LIMITED
REGISTERED NUMBER: 01223734

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 5 
2,976
7,592

Investment property
 6 
2,254,573
2,254,573

  
2,257,549
2,262,165

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 7 
7,229
3,894

Cash at bank and in hand
 8 
39,396
74,182

  
46,625
78,076

Creditors: amounts falling due within one year
 9 
(32,629)
(37,430)

NET CURRENT ASSETS
  
 
 
13,996
 
 
40,646

TOTAL ASSETS LESS CURRENT LIABILITIES
  
2,271,545
2,302,811

Creditors: amounts falling due after more than one year
 10 
(783,694)
(813,254)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(17,759)
(17,759)

  
 
 
(17,759)
 
 
(17,759)

NET ASSETS
  
1,470,092
1,471,798


CAPITAL AND RESERVES
  

Called up share capital 
  
25,000
25,000

Revaluation reserve
  
1,035,194
1,035,194

Profit and loss account
  
409,898
411,604

  
1,470,092
1,471,798


Page 1

 
WOODSIDE PARK ESTATES LIMITED
REGISTERED NUMBER: 01223734
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 10 June 2025.




Mr R M Atkinson
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
WOODSIDE PARK ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

Woodside Park Estates Limited is a company limited by share capital, incorporated in the United Kingdom and registered in England and Wales.
The registered office address is:
Carlton Farm
Thirkleby
Thirsk
YO7 2AT

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

Revenue

Turnover comprises revenue received by the company in respect of rents receivable and is recognised in line with the rental period.

 
2.3

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 statement of comprehensive income in the same period as the related expenditure.

 
2.4

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.

Page 3

 
WOODSIDE PARK ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (continued)

 
2.5

Current and deferred taxation

The tax expense for the year 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 operates and generates 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.


 
2.6

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.

 
2.7

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 4

 
WOODSIDE PARK ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (continued)


2.7
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 method.

Depreciation is provided on the following basis:

Motor vehicles
-
over 4 years
Fixtures and fittings
-
over 5 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.

 
2.8

Investment property

Investment property is carried at fair value. No depreciation is provided. Changes in fair value are recognised in the statement of comprehensive income.
Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 4 (2023 - 5).

Page 5

 
WOODSIDE PARK ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


INTANGIBLE ASSETS




Website

£



Cost


At 1 January 2024
5,999



At 31 December 2024

5,999



Amortisation


At 1 January 2024
5,999



At 31 December 2024

5,999



Net book value



At 31 December 2024
-



At 31 December 2023
-



Page 6

 
WOODSIDE PARK ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


TANGIBLE FIXED ASSETS





Other fixed assets

£



Cost or valuation


At 1 January 2024
61,396



At 31 December 2024

61,396



Depreciation


At 1 January 2024
53,804


Charge for the year on owned assets
4,616



At 31 December 2024

58,420



Net book value



At 31 December 2024
2,976



At 31 December 2023
7,592

Page 7

 
WOODSIDE PARK ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


INVESTMENT PROPERTY


Freehold investment property

£



Valuation


At 1 January 2024
2,254,573



At 31 December 2024
2,254,573

The 2024 valuations were made by the directors, on an open market value for existing use basis.



At 31 December 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,219,379
1,219,379

1,219,379
1,219,379


7.


DEBTORS

2024
2023
£
£


Other debtors
7,229
3,894

7,229
3,894



8.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
39,396
74,182

39,396
74,182


Page 8

 
WOODSIDE PARK ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
20,273
20,273

Trade creditors
3,047
6,586

Corporation tax
682
2,870

Other taxation and social security
1,046
1,115

Other creditors
4
140

Accruals and deferred income
7,577
6,446

32,629
37,430



10.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
189,181
209,454

Other creditors
594,513
603,800

783,694
813,254



11.


LOANS

Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due after more than 5 years


Bank loans
108,089
128,362

108,089
128,362

 
Page 9