Company registration number 12730126 (England and Wales)
N&S WOODSIDE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
N&S WOODSIDE LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
N&S WOODSIDE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
839
2,623
Investments
5
4,103,329
4,909,406
4,104,168
4,912,029
Current assets
Stocks
-
0
264,679
Debtors
6
11,810
207,350
Cash at bank and in hand
1,011,104
399,011
1,022,914
871,040
Creditors: amounts falling due within one year
7
(5,022,329)
(5,426,424)
Net current liabilities
(3,999,415)
(4,555,384)
Net assets
104,753
356,645
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
104,653
356,545
Total equity
104,753
356,645

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 June 2025 and are signed on its behalf by:
N A Patel
Director
Company registration number 12730126 (England and Wales)
N&S WOODSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

N&S Woodside Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover comprises sale of property.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

N&S WOODSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

N&S WOODSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
7,134
Depreciation and impairment
At 1 April 2024
4,511
Depreciation charged in the year
1,784
At 31 March 2025
6,295
Carrying amount
At 31 March 2025
839
At 31 March 2024
2,623
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
4,103,329
4,909,406
N&S WOODSIDE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2024
4,909,406
Additions
3,143,423
Valuation changes
(61,476)
Disposals
(3,888,024)
At 31 March 2025
4,103,329
Carrying amount
At 31 March 2025
4,103,329
At 31 March 2024
4,909,406
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
11,810
7,350
Other debtors
-
0
200,000
11,810
207,350
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
1
Other creditors
5,022,329
5,426,423
5,022,329
5,426,424
8
Events after the reporting date

The directors were not aware of any events after the reporting date which would materially affect the financial statements.

9
Directors' transactions

Included in other creditors are loans from the directors of £5,017,170 (2024: £5,235,058).

2025-03-312024-04-01falsefalsefalse13 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityN A PatelDr S Patel127301262024-04-012025-03-31127301262025-03-31127301262024-03-3112730126core:OtherPropertyPlantEquipment2025-03-3112730126core:OtherPropertyPlantEquipment2024-03-3112730126core:CurrentFinancialInstrumentscore:WithinOneYear2025-03-3112730126core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3112730126core:ShareCapital2025-03-3112730126core:ShareCapital2024-03-3112730126core:RetainedEarningsAccumulatedLosses2025-03-3112730126core:RetainedEarningsAccumulatedLosses2024-03-3112730126bus:Director12024-04-012025-03-3112730126core:ComputerEquipment2024-04-012025-03-31127301262023-04-012024-03-3112730126core:OtherPropertyPlantEquipment2024-03-3112730126core:OtherPropertyPlantEquipment2024-04-012025-03-3112730126core:CurrentFinancialInstruments2025-03-3112730126core:CurrentFinancialInstruments2024-03-3112730126core:WithinOneYear2025-03-3112730126core:WithinOneYear2024-03-3112730126bus:PrivateLimitedCompanyLtd2024-04-012025-03-3112730126bus:SmallCompaniesRegimeForAccounts2024-04-012025-03-3112730126bus:FRS1022024-04-012025-03-3112730126bus:AuditExemptWithAccountantsReport2024-04-012025-03-3112730126bus:Director22024-04-012025-03-3112730126bus:FullAccounts2024-04-012025-03-31xbrli:purexbrli:sharesiso4217:GBP