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COMPANY REGISTRATION NUMBER: 00597023
WOODLEY HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2025
WOODLEY HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
2024
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
10,756,901
6,825,559
Investments
6
99
-------------
------------
10,756,901
6,825,658
CURRENT ASSETS
Debtors
7
165,143
55,221
Cash at bank and in hand
358,975
269,883
---------
---------
524,118
325,104
CREDITORS: amounts falling due within one year
8
697,544
463,601
---------
---------
NET CURRENT LIABILITIES
173,426
138,497
-------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
10,583,475
6,687,161
CREDITORS: amounts falling due after more than one year
9
204,949
254,613
PROVISIONS
1,327,312
339,812
-------------
------------
NET ASSETS
9,051,214
6,092,736
-------------
------------
CAPITAL AND RESERVES
Called up share capital fully paid
498,750
498,750
Capital redemption reserve
370,309
370,309
Non distributable reserve
5,981,091
3,036,031
Profit and loss account
2,201,064
2,187,646
------------
------------
SHAREHOLDERS FUNDS
9,051,214
6,092,736
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WOODLEY HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 25 July 2025 , and are signed on behalf of the board by:
Mr S W Woodley
Mr J E Gardner
Director
Director
Company registration number: 00597023
WOODLEY HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Newton Road, Higham Ferrers, Northamptonshire, NN9 8HR.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents the amount derived from rents receivable after deduction of value added tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
-
15% reducing balance and 33.3% straight line
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).
5. TANGIBLE ASSETS
Freehold property
Plant and machinery
Total
£
£
£
Cost or valuation
At 1 April 2024
6,817,440
509,741
7,327,181
Revaluations
3,932,560
3,932,560
-------------
---------
-------------
At 31 March 2025
10,750,000
509,741
11,259,741
-------------
---------
-------------
Depreciation
At 1 April 2024
501,622
501,622
Charge for the year
1,218
1,218
-------------
---------
-------------
At 31 March 2025
502,840
502,840
-------------
---------
-------------
Carrying amount
At 31 March 2025
10,750,000
6,901
10,756,901
-------------
---------
-------------
At 31 March 2024
6,817,440
8,119
6,825,559
-------------
---------
-------------
The freehold land and buildings were revalued by a professional during the year.
6. INVESTMENTS
Shares in group undertakings
£
Cost
At 1 April 2024
99
Disposals
( 99)
----
At 31 March 2025
----
Impairment
At 1 April 2024 and 31 March 2025
----
Carrying amount
At 31 March 2025
----
At 31 March 2024
99
----
7. DEBTORS
2025
2024
£
£
Trade debtors
130,087
20,825
Other debtors
35,056
34,396
---------
--------
165,143
55,221
---------
--------
8. CREDITORS: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
53,457
55,624
Trade creditors
49,636
39,884
Social security and other taxes
202,109
170,675
Other creditors
392,342
197,418
---------
---------
697,544
463,601
---------
---------
The bank loan is secured against the assets of the company.
9. CREDITORS: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
204,949
254,613
---------
---------
The bank loan is secured against the assets of the company.
10. RELATED PARTY TRANSACTIONS
The company has participated in transactions with related parties and has exercised the exemption allowed under FRS 102 not to disclose transactions with entities, 100% of whose voting rights are controlled within the group.