REGISTERED NUMBER: 00348586 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Woodcote House Estate Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C M Crutchley

T G Richmond

REGISTERED OFFICE:

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

BUSINESS ADDRESS:

c/o 43 Thorley Hill

Bishop's Stortford

Hertfordshire

CM23 3NE

REGISTERED NUMBER:

00348586 (England and Wales)

ACCOUNTANTS:

Bullimores LLP

Chartered Accountants

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

FIXED ASSETS

Investments

4

422,699

408,757

Investment property

5

14,502,000

14,402,002

14,924,699

14,810,759

CURRENT ASSETS

Debtors

6

915,396

952,798

Cash at bank

7

360,701

203,043

1,276,097

1,155,841

CREDITORS

Amounts falling due within one year

8

313,128

182,842

NET CURRENT ASSETS

962,969

972,999

TOTAL ASSETS LESS CURRENT LIABILITIES

15,887,668

15,783,758

CREDITORS

Amounts falling due after more than one year

9

-

(50,000

)

PROVISIONS FOR LIABILITIES

10

(2,557,400

)

(2,534,000

)

NET ASSETS

13,330,268

13,199,758

CAPITAL AND RESERVES

Called up share capital

500,000

500,000

Retained earnings

12,830,268

12,699,758

13,330,268

13,199,758

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 11 June 2025 and were signed on its behalf by:

C M Crutchley - Director

1.	STATUTORY INFORMATION

Woodcote House Estate Co. Limited is a private limited company, incorporated and domiciled in England. The address of its registered office is Old Printers Yard, 156 South Street, Dorking, Surrey, RH4 2HF.

The company's principal activity during the year was property investment. The principal activities of its active subsidiaries were property development and jobbing building.

The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

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.

The turnover represents rental income receivable for the year together with premiums received on granting extended leases on freehold reversions.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

408,757

Additions

42,630

Disposals

(22,111

)

Revaluations

(6,577

)

At 31 December 2024

422,699

NET BOOK VALUE

At 31 December 2024

422,699

At 31 December 2023

408,757

The following were subsidiary undertakings of the company:

Name

Class of shares

Holding

Woodcote House (Trading) Limited

Ordinary

100%

E G Harwood & Company Limited

Ordinary

100%

E G Harwood (Trading) Limited

Ordinary

100%

The aggregate of the share capital and reserves as at 31 December 2023 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name

Aggregate of Share Capital and reserves

Profit/(Loss

)

£

£

Woodcote House (Trading) Limited

2,100

-

E G Harwood & Co Limited

21,397

-

E G Harwood (Trading) Limited

746,936

59507

5.	INVESTMENT PROPERTY

The 2023 valuations were made by the directors, on an open market value less a discount factor according to the tenant's tenure.

Cost or valuation at 31 December 2024 is represented by:

£

Valuation in 2024

14,502,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

5,550

2,495

Amounts owed by group undertakings

891,883

936,557

Prepayments

17,963

13,746

915,396

952,798

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

7.	CASH AT BANK

31.12.24

31.12.23

£

£

Bank account

360,701

203,043

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

23,497

23,497

Tax

66,650

85,000

Accruals and deferred income

222,981

74,345

313,128

182,842

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value and are measured subsequently at amortised cost using the effective interest method.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans 1-2 years

-

50,000

10.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

2,557,400

2,534,000

Deferred

tax

£

Balance at 1 January 2024

2,534,000

Charge to Income Statement during year

23,400

Balance at 31 December 2024

2,557,400

The provision for deferred taxation is made up as follows:

2023

2022

£

£

Unrealised uplift in value of investment property

(2,490,000

)

(1,875,000

)

Unrealised uplift in value of quoted investments

(44,000

)

(42,000

)

(2,534,000

)

(1,917,000

)

11.	RELATED PARTY DISCLOSURES

The company has, by agreement with E G Harwood (Trading) Limited, been given the option to acquire at market value certain of its developed properties. The arrangements also permit Woodcote House Estate Company Limited to let these properties and retain the rents received.

The company has taken advantage of the exemption available within FRS 102 not to disclose transactions and balances with related parties.