Registration number: 02726982

Woodspring Healthcare Ltd

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 5

Woodspring Healthcare Ltd

(Registration number: 02726982)
Abridged Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	39	52
Investment property		3,050,000	3,050,000
		3,050,039	3,050,052
Current assets
Debtors		371,702	450,221
Cash at bank and in hand		95,987	188,191
		467,689	638,412
Creditors: Amounts falling due within one year		(7,361)	(68,497)
Net current assets		460,328	569,915
Total assets less current liabilities		3,510,367	3,619,967
Creditors: Amounts falling due after more than one year		(2,504,974)	(2,287,510)
Provisions for liabilities		(241,153)	-
Net assets		764,240	1,332,457
Capital and reserves
Called up share capital		120	14
Share premium reserve		40,561	40,561
Revaluation reserve		723,459	964,612
Profit and loss account		100	327,270
Total equity		764,240	1,332,457

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.

	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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Woodspring Healthcare Ltd

(Registration number: 02726982)
Abridged Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

Dr E P Mann

Director

Woodspring Healthcare Ltd

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

1	General information

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

The address of its registered office is:
Tower House Medical Centre
Stockway South
Nailsea
BS48 2XX
United Kingdom

These financial statements were authorised for issue by the Board on 23 December 2025.

2	Accounting policies

Statement of compliance

These abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

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 sales/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.

Tangible assets

Tangible assets are stated in the balance sheet 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
Fixtures and fittings	20% reducing balance
Office equipment	33% reducing balance

Woodspring Healthcare Ltd

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in other comprehensive income.

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 profit and loss account 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 15).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	36,278	36,278
At 31 March 2025	36,278	36,278
Depreciation
At 1 April 2024	36,226	36,226
Charge for the year	13	13
At 31 March 2025	36,239	36,239
Carrying amount
At 31 March 2025	39	39
At 31 March 2024	52	52

Investment properties

	2025 £
At 1 April	3,050,000

There has been no valuation of investment property by an independent valuer.

Woodspring Healthcare Ltd

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

5

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on property, plant and equipment revaluation	(241,153)	(241,153)

The revaluation reserve is the non-distributable reserve.