Woodlands Retreats Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

Woodlands Retreats Limited

(Registration number: 06291524)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,231,470	2,267,292
Current assets
Debtors	5	32,481	53,991
Cash at bank and in hand		176,063	-
		208,544	53,991
Creditors: Amounts falling due within one year	6	(1,585,931)	(1,604,440)
Net current liabilities		(1,377,387)	(1,550,449)
Total assets less current liabilities		854,083	716,843
Creditors: Amounts falling due after more than one year	6	(520,420)	(328,398)
Provisions for liabilities		(35,763)	(33,836)
Net assets		297,900	354,609
Capital and reserves
Called up share capital		100	100
Profit and loss account		297,800	354,509
Shareholders' funds		297,900	354,609

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 14 October 2025 and signed on its behalf by:
 

Mr R L Crang Director

Woodlands Retreats Limited

(Registration number: 06291524)
Statement of Financial Position as at 31 March 2025 (continued)

Mrs H R Crang Director

Mr P Crang Director

Woodlands Retreats Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Courtry Farm
Bridgehampton
Yeovil
Somerset
BA22 8HF

Principal activity

The principal activity of the company is Holiday Accommodation and Facilities

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Woodlands Retreats Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% Reducing Balance

Woodlands Retreats Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Motor vehicles

25% Reducing Balance (or 4 years straight line where leased)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Woodlands Retreats Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 22 (2024 - 20).

4	Tangible assets

	Land and buildings £	Short leasehold land and buildings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	2,043,451	30,336	609,512	53,098	2,736,397
Additions	-	-	5,147	-	5,147
At 31 March 2025	2,043,451	30,336	614,659	53,098	2,741,544
Depreciation
At 1 April 2024	-	16,665	435,767	16,673	469,105
Charge for the year	-	3,333	26,824	10,812	40,969
At 31 March 2025	-	19,998	462,591	27,485	510,074
Carrying amount
At 31 March 2025	2,043,451	10,338	152,068	25,613	2,231,470
At 31 March 2024	2,043,451	13,671	173,745	36,425	2,267,292

Included within the net book value of land and buildings above is £2,043,451 (2024 - £2,043,451) in respect of freehold land and buildings and £10,338 (2024 - £13,671) in respect of short leasehold land and buildings.
 

Woodlands Retreats Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Debtors

	Note	2025 £	2024 £
Trade debtors		21,308	43,909
Prepayments		889	453
Income tax asset		10,284	9,629
		32,481	53,991

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	115,887	108,189
Trade creditors		35,521	117,855
Taxation and social security		31,398	18,476
Accruals and deferred income		11,521	14,643
Other creditors		1,391,604	1,345,277
		1,585,931	1,604,440

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	520,420	328,398

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

Woodlands Retreats Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	332,580	209,483
Hire purchase contracts	26,840	32,915
Other borrowings	161,000	86,000
	520,420	328,398

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	89,811	73,717
Bank overdrafts	-	5,044
Hire purchase contracts	6,076	5,678
Other borrowings	20,000	23,750
	115,887	108,189

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	46,001	44,345
Later than one year and not later than five years	10,250	13,213
	56,251	57,558

The amount of non-cancellable operating lease payments recognised as an expense during the year was £45,769 (2024 - £44,345).

Woodlands Retreats Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

10	Related party transactions

The company has an interest free loan from the E G Turner Will Trust, of which Richard and Helen Crang (Directors) are trustees. The balance at 31 March 2025 was £161,000, an additional £75,000 having been added in the year. There is no intention to withdraw these funds until the company has sufficient funds to repay without affecting the cashflow of the company.

The company has an interest free loan of £20,000 from WMV, partners of which are Helen Crang and Paul Crang (Directors), which was advanced during the year. There is no intention to withdraw these funds until the company has sufficient funds to repay without affecting the cashflow of the company.