REGISTERED NUMBER: 13888038 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WOODSTER & CO LIMITED

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Investments

4

101

101

Investment property

5

3,000,000

2,068,434

3,000,101

2,068,535

Current assets

Debtors

6

180,515

144,045

Cash at bank

3,410

5,999

183,925

150,044

Creditors

Amounts falling due within one year

7

124,197

109,802

Net current assets

59,728

40,242

Total assets less current liabilities

3,059,829

2,108,777

Creditors

Amounts falling due after more than one year

8

(1,146,293

)

(1,207,566

)

Provisions for liabilities

10

(232,892

)

-

Net assets

1,680,644

901,211

Capital and reserves

Called up share capital

11

202

202

Fair value reserve

12

698,675

-

Retained earnings

981,767

901,009

Shareholders' funds

1,680,644

901,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2025 and were signed by:

Mr D Ross - Director

1.	Statutory information

Woodster & Co Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13888038. The registered office and business address is 17 Factory Road, Upton, Poole, Dorset, BH16 5SN.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from change in fair value is recognised in the statement of comprehensive income.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2024

and 31 December 2024

101

Net book value

At 31 December 2024

101

At 31 December 2023

101

5.	Investment property

Total

£

Fair value

At 1 January 2024

2,068,434

Revaluations

931,566

At 31 December 2024

3,000,000

Net book value

At 31 December 2024

3,000,000

At 31 December 2023

2,068,434

The property is shown at market value at the year end, the valuation was carried out by Eddisons (commercial property agents, auctioneers & surveyors), in November 2024.

Investment property will be valued at fair value in future years with changes in fair value taken to the fair value reserve

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

77,200

57,900

Amounts owed by group undertakings

103,315

86,145

180,515

144,045

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

55,983

41,742

Trade creditors

-

68

VAT

9,491

9,476

Directors' current accounts

57,030

56,861

Accruals and deferred income

1,693

1,655

124,197

109,802

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans - 1-2 years

55,983

41,742

Bank loans - 2-5 years

167,948

125,225

Bank loans more 5 yr by instal

922,362

1,040,599

1,146,293

1,207,566

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

922,362

1,040,599

9.	Secured debts

All monies owed to HSBC UK Bank PLC are secured by way of a fixed and floating charge over all assets of the company dated 18 October 2022.

All monies owed to HSBC UK Bank PLC in relation to the mortgage of 17 Upton Industrial Estate, Factory Road, Poole, Dorset, are secured by way of a charge over the property dated 10 March 2023.

10.	Provisions for liabilities

2024

2023

£

£

Deferred tax

232,892

-

Deferred

tax

£

Property revaluation

232,892

Balance at 31 December 2024

232,892

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary

£1

200

200

2

Ordinary A

£1

2

2

202

202

12.

Reserves

Fair

value

reserve

£

Property revaluation

698,675

At 31 December 2024

698,675

13.	Ultimate controlling party

The company is controlled by the director, Mr D Ross owning 51% of the issued voting share capital.