REGISTERED NUMBER: 00341900 (England and Wales)

H.WOODLEY AND COMPANY, LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R P Morgan

L Gibbs

D R Morgan

R M Morgan

A E Morgan

REGISTERED OFFICE:

Grosvenor House

8 Park Grove

CARDIFF

County of Cardiff

CF10 3BN

REGISTERED NUMBER:

00341900 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

BANKERS:

Barclays Bank PLC

Corporate Banking Centre

Windsor Court

3 Windsor Place

CARDIFF

CF10 3ZL

FIXED ASSETS

Investments

4

3,862,698

4,047,757

Investment property

5

3,513,964

3,513,964

7,376,662

7,561,721

CURRENT ASSETS

Debtors

6

62,593

38,803

Cash at bank

172,159

89,393

234,752

128,196

CREDITORS

Amounts falling due within one year

7

(187,297

)

(229,809

)

NET CURRENT ASSETS/(LIABILITIES)

47,455

(101,613

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,424,117

7,460,108

PROVISIONS FOR LIABILITIES

8

(274,597

)

(275,761

)

NET ASSETS

7,149,520

7,184,347

CAPITAL AND RESERVES

Called up share capital

9

52,360

52,360

Fair value reserve

2,138,801

2,142,835

Capital redemption reserve

10,140

10,140

Retained earnings

4,948,219

4,979,012

SHAREHOLDERS' FUNDS

7,149,520

7,184,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2025 and were signed on its behalf by:

R M Morgan - Director

1.	STATUTORY INFORMATION

H.Woodley and Company, 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 financial statements are presented in Sterling (£), the company's functional currency, and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102 1A.

Turnover

Turnover represents the rents receivable in respect of the period recognised on the accruals basis.

Investment property

Investment properties are carried at fair value. Revaluation surpluses and deficits are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold, or the deferred tax liability is settled, based on the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at 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.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an un-discounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	FIXED ASSET INVESTMENTS

Loans to

group

undertakings

£

At 1 April 2024

4,047,757

New in year

150,000

Repayment in year

(335,059

)

At 31 March 2025

3,862,698

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

3,513,964

Additions

5,379

Revaluations

(5,379

)

At 31 March 2025

3,513,964

NET BOOK VALUE

At 31 March 2025

3,513,964

At 31 March 2024

3,513,964

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

3,513,964

The investment properties are stated at their estimated fair value based upon the directors' valuation of the portfolio at 31 March 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

37,566

16,499

Prepayments and accrued income

25,027

22,304

62,593

38,803

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

781

3,114

Corporation tax

42,888

95,175

Social security and other taxes

32,863

36,320

Directors' loan accounts

25,000

21,764

Accruals and deferred income

85,765

73,436

187,297

229,809

8.	PROVISIONS FOR LIABILITIES

Provisions for liabilities relates solely to deferred tax.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

52,360

Ordinary

£1

52,360

52,360

10.	CONTINGENT LIABILITIES

The company has given an unlimited guarantee to secure the bank borrowing of its parent undertaking, Richard Morgan & Company Limited. The guarantee is secured by a fixed charge over the company's investment properties. The borrowing guaranteed at the year end was £9,090,000 (2024 - £8,227,832). It is not expected that the guarantee will be called upon.

11.	PARENT COMPANY

The company is a wholly owned subsidiary of Richard Morgan & Company Limited. The parent company shares its registered office with the company.