Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01falsefalserental66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06728133 2024-04-01 2025-03-31 06728133 2023-04-01 2024-03-31 06728133 2025-03-31 06728133 2024-03-31 06728133 c:Director3 2024-04-01 2025-03-31 06728133 d:PlantMachinery 2024-04-01 2025-03-31 06728133 d:PlantMachinery 2025-03-31 06728133 d:PlantMachinery 2024-03-31 06728133 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06728133 d:FurnitureFittings 2024-04-01 2025-03-31 06728133 d:FurnitureFittings 2025-03-31 06728133 d:FurnitureFittings 2024-03-31 06728133 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06728133 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06728133 d:FreeholdInvestmentProperty 2024-04-01 2025-03-31 06728133 d:FreeholdInvestmentProperty 2025-03-31 06728133 d:FreeholdInvestmentProperty 2024-03-31 06728133 d:CurrentFinancialInstruments 2025-03-31 06728133 d:CurrentFinancialInstruments 2024-03-31 06728133 d:Non-currentFinancialInstruments 2025-03-31 06728133 d:Non-currentFinancialInstruments 2024-03-31 06728133 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 06728133 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06728133 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 06728133 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 06728133 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 06728133 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 06728133 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2025-03-31 06728133 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 06728133 d:ShareCapital 2025-03-31 06728133 d:ShareCapital 2024-03-31 06728133 d:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 06728133 d:RetainedEarningsAccumulatedLosses 2025-03-31 06728133 d:RetainedEarningsAccumulatedLosses 2024-03-31 06728133 c:FRS102 2024-04-01 2025-03-31 06728133 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06728133 c:FullAccounts 2024-04-01 2025-03-31 06728133 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06728133 2 2024-04-01 2025-03-31 06728133 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 06728133 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06728133 d:TaxLossesCarry-forwardsDeferredTax 2025-03-31 06728133 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 06728133 d:OtherDeferredTax 2025-03-31 06728133 d:OtherDeferredTax 2024-03-31 06728133 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 06728133










WOODSEATS MEDICAL SERVICES (WMS) LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
WOODSEATS MEDICAL SERVICES (WMS) LTD
REGISTERED NUMBER: 06728133

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
32,075
10,927

Investment property
 5 
3,510,607
3,175,000

  
3,542,682
3,185,927

Current assets
  

Debtors: amounts falling due within one year
 6 
190,905
19,640

Cash at bank and in hand
  
23,411
73,242

  
214,316
92,882

Creditors: amounts falling due within one year
 7 
(367,001)
(150,262)

Net current liabilities
  
 
 
(152,685)
 
 
(57,380)

Total assets less current liabilities
  
3,389,997
3,128,547

Creditors: amounts falling due after more than one year
 8 
(2,757,713)
(2,612,631)

Provisions for liabilities
  

Deferred tax
 10 
(84,958)
(68,684)

  
 
 
(84,958)
 
 
(68,684)

Net assets
  
547,326
447,232

Page 1

 
WOODSEATS MEDICAL SERVICES (WMS) LTD
REGISTERED NUMBER: 06728133
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Capital and reserves
  

Called up share capital 
  
600
600

Profit and loss account
 11 
546,726
446,632

  
547,326
447,232


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2025.




Dr A Gore
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
WOODSEATS MEDICAL SERVICES (WMS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Woodseats Medical Services (WMS) Ltd is a private company limited by shares, incorporated in England and Wales (registered number: 06728133). Its registered office is The Roddick Building, 900 Chesterfield Road, Sheffield, South Yorkshire, S8 0SH. The principal activity during the year continued to be the letting of medical premises.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared by the directors on a going concern basis because all liabilities will be met through future rental to the Woodseats Medical Centre. The loan from Woodseats Medical Centre is due on demand but will not be repayable until sufficient funds are available.

 
2.3

Revenue recognition

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
WOODSEATS MEDICAL SERVICES (WMS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Plant and machinery
-
4%
straight line
Fixtures and fittings
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
WOODSEATS MEDICAL SERVICES (WMS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

  
2.8

Investment property

Investment property is included at fair value. Gains are recognised in the income statement.   Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2024 - 6).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost


At 1 April 2024
-
33,583
33,583


Additions
23,736
-
23,736



At 31 March 2025

23,736
33,583
57,319



Depreciation


At 1 April 2024
-
22,656
22,656


Charge for the year on owned assets
949
1,639
2,588



At 31 March 2025

949
24,295
25,244



Net book value



At 31 March 2025
22,787
9,288
32,075



At 31 March 2024
-
10,927
10,927

Page 5

 
WOODSEATS MEDICAL SERVICES (WMS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
3,175,000


Additions at cost
335,607



At 31 March 2025
3,510,607

The July 2023 valuations were made by Dacres Commercial, on an open market value for existing use basis.

In the opinion of the directors, this continues to be fair value at 31 March 2025.





Page 6

 
WOODSEATS MEDICAL SERVICES (WMS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Trade debtors
189,476
16,335

Other debtors
1,429
3,305

190,905
19,640



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
43,660
41,686

Trade creditors
200,962
582

Deposits held
19,068
19,068

Other taxation and social security
4,751
3,767

Other creditors
91,060
77,659

Accruals and deferred income
7,500
7,500

367,001
150,262


The bank loan is secured on the investment property.


8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
2,383,280
2,426,940

Government grants received
288,183
91,941

Accruals and deferred income
86,250
93,750

2,757,713
2,612,631


The bank loan is secured on the investment property.

Page 7

 
WOODSEATS MEDICAL SERVICES (WMS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
43,660
41,686


Amounts falling due 2-5 years

Bank loans
191,769
184,715

Amounts falling due after more than 5 years

Bank loans
2,191,511
2,242,225

2,426,940
2,468,626



10.


Deferred taxation




2025


£






At beginning of year
68,684


Charged to profit or loss
16,274



At end of year
84,958

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
110,429
99,304

Tax losses carried forward
(60,833)
(65,982)

Revaluation gain
35,362
35,362

84,958
68,684


11.


Reserves

Profit and loss account

Included within the profit and loss account reserve are non-distributable reserves arising from changes
in the fair value of investment property of £186,114 (2024: (£186,114).

Page 8

 
WOODSEATS MEDICAL SERVICES (WMS) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

12.


Related party transactions

Included in other creditors due within one year is an interest free loan to a partnership in which all the directors are partners totalling £75,750 (2024: £62,645).

 
Page 9