REGISTERED NUMBER: 06813560 (England and Wales)

WOODLAND MOTORHOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr L Sowerby

REGISTERED OFFICE:

Timberland Motorhomes

A617 Westbound, Heath

Chesterfield

Derbyshire

S44 5SW

REGISTERED NUMBER:

06813560 (England and Wales)

ACCOUNTANTS:

ApC

Chartered Accountants

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

FIXED ASSETS

Intangible assets

5

25,410

30,918

Tangible assets

6

81,755

140,914

107,165

171,832

CURRENT ASSETS

Stocks

2,894,313

3,819,465

Debtors

7

80,777

198,204

Cash at bank and in hand

223,594

273,755

3,198,684

4,291,424

CREDITORS

Amounts falling due within one year

8

1,161,277

2,203,876

NET CURRENT ASSETS

2,037,407

2,087,548

TOTAL ASSETS LESS CURRENT LIABILITIES

2,144,572

2,259,380

PROVISIONS FOR LIABILITIES

20,439

30,915

NET ASSETS

2,124,133

2,228,465

CAPITAL AND RESERVES

Called up share capital

1,302

1,302

Retained earnings

2,122,831

2,227,163

SHAREHOLDERS' FUNDS

2,124,133

2,228,465

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mr L Sowerby - Director

1.	STATUTORY INFORMATION

Woodland Motorhomes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of Value Added Tax and trade discounts. Turnover from the sale of motorhomes and related accessories is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, this is usually on collection of the Motorhome.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% straight line

Fixtures and fittings

-

15% straight line

Motor vehicles

-

25% straight line

Computer equipment

-

33% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments

Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

5.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2024

and 31 December 2024

54,893

AMORTISATION

At 1 January 2024

23,975

Amortisation for year

5,508

At 31 December 2024

29,483

NET BOOK VALUE

At 31 December 2024

25,410

At 31 December 2023

30,918

6.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 January 2024

27,625

80,297

48,421

Additions

-

1,866

-

Disposals

-

-

-

At 31 December 2024

27,625

82,163

48,421

DEPRECIATION

At 1 January 2024

13,692

78,456

32,642

Charge for year

2,772

1,016

4,195

Eliminated on disposal

-

-

-

At 31 December 2024

16,464

79,472

36,837

NET BOOK VALUE

At 31 December 2024

11,161

2,691

11,584

At 31 December 2023

13,933

1,841

15,779

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

252,295

106,329

514,967

Additions

-

5,882

7,748

Disposals

(24,580

)

(755

)

(25,335

)

At 31 December 2024

227,715

111,456

497,380

DEPRECIATION

At 1 January 2024

148,905

100,358

374,053

Charge for year

31,344

5,051

44,378

Eliminated on disposal

(2,051

)

(755

)

(2,806

)

At 31 December 2024

178,198

104,654

415,625

NET BOOK VALUE

At 31 December 2024

49,517

6,802

81,755

At 31 December 2023

103,390

5,971

140,914

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

265

32,000

Amounts owed by related parties

73,435

158,755

Prepayments and accrued income

7,077

7,449

80,777

198,204

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other loans

397,367

1,868,549

Trade creditors

177,542

131,059

Corporation tax

4,762

130,403

Social security and other taxes

4,714

4,996

VAT

224,718

24,758

Other creditors

103,366

2,147

Credit card

5,550

8,460

Wages control account

1,810

2,408

Directors' current accounts

1,400

1,450

Accruals and deferred income

240,048

29,646

1,161,277

2,203,876

9.	SECURED DEBTS

2024

2023

Black Horse stocking loan

214,272

1,037,233

Wells Fargo

183,095

831,316

397,367

1,868,549

On the 8 June 2010 the company granted a debenture on behalf of Black Horse Limited as a Fixed and

floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures and fittings.