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Registration number: 08554929

Woolstone Developments Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2025

 

Woolstone Developments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Woolstone Developments Limited

Company Information

Directors

Mr M D Johnson

Mrs C M Johnson

Registered office

Woolstone
27 Blacksmiths Hill
Aynho
Banbury
Oxfordshire
OX17 3AH

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Woolstone Developments Limited

(Registration number: 08554929)
Balance Sheet as at 30 June 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

19,393

15,798

Current assets

 

Stocks

194,077

194,077

Cash at bank and in hand

 

2,192

3,692

 

196,269

197,769

Creditors: Amounts falling due within one year

5

(223,176)

(204,852)

Net current liabilities

 

(26,907)

(7,083)

Net (liabilities)/assets

 

(7,514)

8,715

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(7,614)

8,615

Shareholders' (deficit)/funds

 

(7,514)

8,715

For the financial year ending 30 June 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 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 6 August 2025 and signed on its behalf by:
 

.........................................
Mr M D Johnson
Director

   
     
 

Woolstone Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

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:
Woolstone
27 Blacksmiths Hill
Aynho
Banbury
Oxfordshire
OX17 3AH
United Kingdom

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

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

Going concern

The financial statements have been prepared on a going concern basis.

The Balance Sheet shows a net liability however as the company has the full support of the director and shareholders and forecasts positive future revenue the accounts have been prepared on a going concern basis.

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.

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.

Tangible assets

Tangible assets are stated in the balance sheet 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.

 

Woolstone Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

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

Fixtures and fittings

25% reducing balance

Computer equipment

33% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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 subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Woolstone Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2024

1,366

28,975

30,341

Additions

1,040

24,390

25,430

Disposals

-

(28,975)

(28,975)

At 30 June 2025

2,406

24,390

26,796

Depreciation

At 1 July 2024

848

13,695

14,543

Charge for the year

457

6,098

6,555

Eliminated on disposal

-

(13,695)

(13,695)

At 30 June 2025

1,305

6,098

7,403

Carrying amount

At 30 June 2025

1,101

18,292

19,393

At 30 June 2024

518

15,280

15,798

5

Creditors

2025
£

2024
£

Due within one year

Amounts owed to related parties

221,556

204,772

Taxation and social security

-

80

Other creditors

1,620

-

223,176

204,852