Woodchester Mansion Trading Limited 10335636 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is to support Woodchester Mansion Trust Limited, whose objective is to preserve, for the benefit of the people of Gloucestershire and for the nation at large, Woodchester Park Mansion and also whatever of the English historical architectural and constitutional heritage may exist in the County of Gloucestershire in the form of buildings (including any building as defined in section 290 (1) of the Town and Country Planning Act 1971) of particular beauty or historical architectural or constitutional interest. Digita Accounts Production Advanced 6.30.9574.0 true true 10335636 2024-01-01 2024-12-31 10335636 2024-12-31 10335636 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 10335636 core:FurnitureFittingsToolsEquipment 2024-12-31 10335636 core:MotorVehicles 2024-12-31 10335636 bus:SmallEntities 2024-01-01 2024-12-31 10335636 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10335636 bus:FilletedAccounts 2024-01-01 2024-12-31 10335636 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10335636 bus:RegisteredOffice 2024-01-01 2024-12-31 10335636 bus:Director2 2024-01-01 2024-12-31 10335636 bus:Director3 2024-01-01 2024-12-31 10335636 bus:Director4 2024-01-01 2024-12-31 10335636 bus:Director5 2024-01-01 2024-12-31 10335636 bus:Director6 2024-01-01 2024-12-31 10335636 bus:Director7 2024-01-01 2024-12-31 10335636 bus:Director8 2024-01-01 2024-12-31 10335636 bus:Director9 2024-01-01 2024-12-31 10335636 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10335636 core:MotorVehicles 2024-01-01 2024-12-31 10335636 core:PlantMachinery 2024-01-01 2024-12-31 10335636 countries:EnglandWales 2024-01-01 2024-12-31 10335636 2023-12-31 10335636 core:FurnitureFittingsToolsEquipment 2023-12-31 10335636 core:MotorVehicles 2023-12-31 10335636 2023-01-01 2023-12-31 10335636 2023-12-31 10335636 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 10335636

Prepared for the registrar

Woodchester Mansion Trading Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Woodchester Mansion Trading Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Woodchester Mansion Trading Limited

Company Information

Directors

Paddy Conaghan

Dr Liz Davenport

John Goom

David Granger

Rod Marlow

Stephen Robinson

Roger Townsend

Rhiannon Wigzell

Registered office

Woodchester Mansion
Woodchester Park
Nympsfield
Stonehouse
Gloucestershire
GL10 3TS

Accountants

Hazlewoods LLP
Staverton Court
Staverton
Cheltenham
GL51 0UX

 

Woodchester Mansion Trading Limited

(Registration number: 10335636)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

23,373

21,610

Creditors: Amounts falling due within one year

5

(23,372)

(21,609)

Net assets

 

1

1

Capital and reserves

 

Called up share capital

1

1

Shareholders' funds

 

1

1

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 June 2025 and signed on its behalf by:
 


Rhiannon Wigzell
Director

 

Woodchester Mansion Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Woodchester Mansion
Woodchester Park
Nympsfield
Stonehouse
Gloucestershire
GL10 3TS

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting 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 amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Woodchester Mansion Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

25% straight line

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 

Woodchester Mansion Trading Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost

At 1 January 2024 and 31 December 2024

1,685

2,998

4,683

Depreciation

At 1 January 2024 and 31 December 2024

1,685

2,998

4,683

Carrying amount

At 1 January 2024 and 31 December 2024

-

-

-

 

5

Creditors

2024
£

2023
£

Due within one year

Amounts due to related parties

18,163

17,213

Accruals and deferred income

4,921

4,327

Other creditors

288

69

23,372

21,609

 

6

Related party transactions

Controlling party
Woodchester Mansion Trust Limited (company no. 02454467) is a registered charity (charity no. 900315) and 100% owns and controls Woodchester Mansion Trading Limited. At 31 December 2024, Woodchester Mansion Trading Limited owed £18,163 (2023: £17,213) to Woodchester Mansion Trust Limited.

Gift aid payments of the taxable profits of Woodchester Mansion Trading Limited are made to Woodchester Mansion Trust Limited each year under a Deed of Covenant. The taxable profits arising in this period amounted to £41,256 (2023: £43,761).