ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 13183349

THE WOODLANDS (CARLISLE) LTD

FINANCIAL STATEMENTS

31 MARCH 2025

THE WOODLANDS (CARLISLE) LTD

REGISTERED NUMBER: 13183349

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Stocks	4	163,120		163,120
Debtors: amounts falling due within one year	5	151,021		152,121
		314,141		315,241
Total assets less current liabilities			314,141		315,241
Creditors: amounts falling due after more than one year	6		(315,240)		(315,240)

Net (liabilities)/assets			(1,099)		1

Capital and reserves
Called up share capital	8	1	1
Profit and loss account		(1,100)	-
		(1,099)	1

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

N J Gordon

Director

Date: 8 December 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

THE WOODLANDS (CARLISLE) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

The Woodlands (Carlisle) Ltd's principal activity is that of a housing developer. The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Agricola House Cowper Road, Gilwilly Industrial Estate, Penrith, Cumbria, CA11 9BN.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

2.2

Going concern

Management and the Directors have considered a period of at least twelve months from the date of sign off when making their assessment with regards to going concern. After consideration of all factors, including review of forecasted future profitability, headroom in funding facilities, and wider economic conditions, the Directors have continued to adopt the going concern basis in preparing the financial statements.

2.3

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 2

THE WOODLANDS (CARLISLE) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost includes all expenditure directly attributable to the development.

Upon the sale of properties, stock is reduced by a proportionate amount based upon the sales value against total forecasted sales.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.5

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

4.	Stocks
		2025	2024
		£	£

	Work in progress - land	163,120	163,120

Page 3

THE WOODLANDS (CARLISLE) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Amounts owed by participating interests	150,653	152,120
Called up share capital not paid	1	1
Deferred taxation	367	-
	151,021	152,121

6.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Shareholder loans	315,240	315,240



Amounts falling due after more than 5 years
Shareholder loans	315,240	315,240
	315,240	315,240

The shareholder loans due within 2-5 years balance of £315,240 is unsecured and repayable in full upon the final sale of properties.

Loan funding from shareholders does not have a fixed repayment term and is due on final realisation of development sites. As those sites are not due for realisation until 2030 they have been recognised as liabilities due in more than one year. The debt is not interest bearing and all sites are expected to be realised in full by 2030 any related notional debt and finance cost that would be attributed to fair value accounting for this financial instrument would be immaterial. As such no adjustment has been booked.

8.	Share capital
		2025	2024
		£	£

Allotted, called up and partly paid

1 (2024 - 1) Ordinary share of £1.00	1	1

Page 4

THE WOODLANDS (CARLISLE) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

9.	Related party transactions
	At the balance sheet date the company owed £315,240 (2024: £315,240) to Housing Growth Partnership, an entity which owns 50% of the share capital of the company. The balance was interest free and repayable upon the final sale of properties.

10.	Controlling party

The company is jointly controlled by Genesis Homes Group Limited and Housing Growth Partnership.

11.	Auditors' information

The auditors' report on the financial statements for the period ended 31 March 2025 was unqualified.

The audit report was signed on 9 December 2025 by Simon Turner (Senior Statutory Auditor) on behalf of Armstrong Watson Audit Limited.

Page 5