Registered number
09732350
WOODLAKE INVESTMENTS LTD
Filleted Accounts
31 August 2024
WOODLAKE INVESTMENTS LTD
Registered number: 09732350
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,607,187 1,604,004
Current assets
Debtors 4 205,845 189,120
Cash at bank and in hand 6,426 3,268
212,271 192,388
Creditors: amounts falling due within one year 5 (35,891) (34,067)
Net current assets 176,380 158,321
Total assets less current liabilities 1,783,567 1,762,325
Creditors: amounts falling due after more than one year 6 (1,762,077) (1,723,258)
Net assets 21,490 39,067
Capital and reserves
Called up share capital 2 2
Profit and loss account 21,488 39,065
Shareholders' funds 21,490 39,067
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jonathan Tangi
Director
Approved by the board on 14 July 2025
WOODLAKE INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 1,604,004
Additions 3,900
At 31 August 2024 1,607,904
Depreciation
On disposals 717
At 31 August 2024 717
Net book value
At 31 August 2024 1,607,187
At 31 August 2023 1,604,004
4 Debtors 2024 2023
£ £
Trade debtors 2,630 1,805
Other debtors 203,215 187,315
205,845 189,120
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,324 1,604
Corporation tax 4,292 4,292
Other creditors 30,275 28,171
35,891 34,067
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,598,630 1,551,811
Other creditors 163,447 171,447
1,762,077 1,723,258
7 Other information
WOODLAKE INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
158 Cromwell Road
Salford
M6 6DE
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