WOEFAC Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11117642

WOEFAC Holdings Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

WOEFAC Holdings Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5	1,382,386	2,583,247
Investments	6	140	992,513
		------------	------------
		1,382,526	3,575,760

Current assets

Stocks		440,000	–
Debtors	7	725,486	708,026
Investments	8	440,534	472,878
Cash at bank and in hand		1,117,662	523,039
		------------	------------
		2,723,682	1,703,943

Creditors: amounts falling due within one year	9	391,766		95,351
		------------		------------
Net current assets			2,331,916		1,608,592
			------------		------------
Total assets less current liabilities			3,714,442		5,184,352

Provisions	16,924	–
	------------	------------
Net assets	3,697,518	5,184,352
	------------	------------

Capital and reserves

Called up share capital	140	140
Profit and loss account	3,697,378	5,184,212
	------------	------------
Shareholders funds	3,697,518	5,184,352
	------------	------------

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 December 2024 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 .

WOEFAC Holdings Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr C P H Osborne

Director

Company registration number: 11117642

WOEFAC Holdings Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Underwood Hall Farm, Westley Waterless, Newmarket, Suffolk, CB8 0RN.

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 measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Freehold property	-	Land is not depreciated.
Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance

Due to the high residual value of the freehold property the directors opinion is that depreciation is immaterial and therefore has not been charged. Land is not depreciated.

Investments

Investments in subsidiaries are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss.

4. Employee numbers

The average number of persons employed by the company during the year amounted to nil (2023: nil).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 January 2024	3,302,469	34,305	2,891	3,339,665
Additions	39,690	1,520	45,438	86,648
Disposals	( 1,651,234)	–	–	( 1,651,234)
	------------	--------	--------	------------
At 31 December 2024	1,690,925	35,825	48,329	1,775,079
	------------	--------	--------	------------
Depreciation
At 1 January 2024	752,469	3,578	371	756,418
Charge for the year	–	7,802	4,707	12,509
Disposals	( 376,234)	–	–	( 376,234)
	------------	--------	--------	------------
At 31 December 2024	376,235	11,380	5,078	392,693
	------------	--------	--------	------------
Carrying amount
At 31 December 2024	1,314,690	24,445	43,251	1,382,386
	------------	--------	--------	------------
At 31 December 2023	2,550,000	30,727	2,520	2,583,247
	------------	--------	--------	------------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024	992,513
Disposals	( 992,373)
	---------
At 31 December 2024	140
	---------
Impairment
At 1 January 2024 and 31 December 2024	–
	---------

Carrying amount
At 31 December 2024	140
	---------
At 31 December 2023	992,513
	---------

7. Debtors

	2024	2023
	£	£
Amounts owed by group and related undertakings	–	701,468
Other debtors	725,486	6,558
	---------	---------
	725,486	708,026
	---------	---------

The debtors above include the following amounts falling due after more than one year:

	2024	2023
	£	£
Amounts owed by group and related undertakings	–	543,094
Other debtors	451,950	–
	---------	---------
	451,950	543,094
	---------	---------

8. Investments

	2024	2023
	£	£
Other investments	440,534	472,878
	---------	---------

The other investments above relate to a portfolio of shares valued at the year end based on the London Stock Exchange. The original cost of the investment was £525,347 (2023: £525,347).

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	288,987	–
Amounts owed to group undertakings	101,829	90,679
Social security and other taxes	–	3,322
Other creditors	950	1,350
	---------	--------
	391,766	95,351
	---------	--------

10. Directors' advances, credits and guarantees

During the current year, the company made advances to and received repayments from the directors. Interest has been charged at the official HMRC rate on any overdrawn balances exceeding £10,000. There are no repayment terms.

	2024	2023
	£	£
Advances	1,420,890	–
Repayments	1,386,274	–
Amounts due to the company	34,616	–