Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 69640000 68860000 2024-04-01 false development of building projects 3 3 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false OC433904 2024-04-01 2025-03-31 OC433904 2023-04-01 2024-03-31 OC433904 2025-03-31 OC433904 2024-03-31 OC433904 2 2024-04-01 2025-03-31 OC433904 d:LeaseholdInvestmentProperty 2025-03-31 OC433904 d:LeaseholdInvestmentProperty 2024-03-31 OC433904 d:LeaseholdInvestmentProperty 2 2024-04-01 2025-03-31 OC433904 d:CurrentFinancialInstruments 2025-03-31 OC433904 d:CurrentFinancialInstruments 2024-03-31 OC433904 d:Non-currentFinancialInstruments 2025-03-31 OC433904 d:Non-currentFinancialInstruments 2024-03-31 OC433904 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 OC433904 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 OC433904 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 OC433904 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 OC433904 e:FRS102 2024-04-01 2025-03-31 OC433904 e:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 OC433904 e:FullAccounts 2024-04-01 2025-03-31 OC433904 e:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC433904 2 2024-04-01 2025-03-31 OC433904 d:Right-of-useInvestmentProperty 2025-03-31 OC433904 d:Right-of-useInvestmentProperty 2024-03-31 OC433904 d:Right-of-useInvestmentProperty 2 2024-04-01 2025-03-31 OC433904 e:PartnerLLP2 2024-04-01 2025-03-31 OC433904 d:OtherCapitalInstrumentsClassifiedAsEquity 2025-03-31 OC433904 d:OtherCapitalInstrumentsClassifiedAsEquity 2024-03-31 OC433904 f:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: OC433904 WOOD GREEN HIGH ROAD LLP UNAUDITED MEMBERS' REPORT AND FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
WOOD GREEN HIGH ROAD LLP REGISTERED NUMBER: OC433904 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 34,820,000 |  | 34,430,000
Current assets |  |  |  |  |
Stocks | 5 | 8,025,000 |  | 11,854,760 |
Debtors: amounts falling due within one year | 6 | 392,724 |  | 451,442 |
Cash at bank and in hand | 7 | 558,921 |  | 1,312,023 |
|  | 8,976,645 |  | 13,618,225 |
Creditors: amounts falling due within one year | 8 | (5,201,092) |  | (6,389,861) |
Net current assets |  |  | 3,775,553 |  | 7,228,364
Total assets less current liabilities |  |  | 38,595,553 |  | 41,658,364
Creditors: amounts falling due after more than one year | 9 |  | (24,060,836) |  | (29,018,000)
Net assets |  |  | 14,534,717 |  | 12,640,364
Represented by: |  |  |  |  |
Members' other interests |  |  |  |  |
Members' capital classified as equity |  | 14,534,717 |  | 12,640,364 |
Total members' interests |  |  |  |  |
Members' other interests |  |  | 14,534,717 |  | 12,640,364
Page 1
WOOD GREEN HIGH ROAD LLP REGISTERED NUMBER: OC433904 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime. The entity was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008. The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements. The financial statements have been delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The entity has opted not to file the statement of comprehensive income in accordance with the provisions applicable to entities subject to the small LLPs regime. The financial statements were approved and authorised for issue by the members and were signed on their behalf by:
................................................ Nicholas Mason
On behalf of Leapastute Limited, Designated Member
Date: 12 February 2026
The notes on pages 4 to 9 form part of these financial statements. Wood Green High Road LLP has no equity and, in accordance with the provisions contained within the Statement of Recommended Practice "Accounting by Limited Liability Partnerships", has not presented a Statement of changes in equity. Page 2
WOOD GREEN HIGH ROAD LLP RECONCILIATION OF MEMBERS' INTERESTS FOR THE YEAR ENDED 31 MARCH 2025
| EQUITY Members' other interests
| Members' capital (classified as equity) | Other reserves | Total
| £ | £ | £
Profit for the year available for discretionary division among members | - | 262,014 | 262,014
Members' interests after profit for the year | 13,738,218 | 262,014 | 14,000,232
Other division of profits | 262,014 | (262,014) | -
Amounts introduced by members | 2,922,066 | - | 2,922,066
Repayment of capital | (4,281,934) | - | (4,281,934)
Balance at 31 March 2024 | 12,640,364 | - | 12,640,364
Profit for the year available for discretionary division among members | - | 1,915,853 | 1,915,853
Members' interests after profit for the year | 12,640,364 | 1,915,853 | 14,556,217
Other division of profits | 1,915,853 | (1,915,853) | -
Amounts introduced by members | 970,000 | - | 970,000
Repayment of capital | (991,500) | - | (991,500)
Balance at 31 March 2025 | 14,534,717 | - | 14,534,717
There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests.
Page 3
WOOD GREEN HIGH ROAD LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Wood Green High Road LLP ('the LLP') is a limited liability partnership incorporated and registered in England and Wales. The registered office is Manderley, South Park, South Godstone, Surrey, United Kingdom. The principal activity of the LLP is the development and subsequent sale or leasing of residential and commercial properties. The financial statements are presented in Sterling which is the functional currency of the LLP and rounded to the nearest £1. The significant accounting policies applied in the preparation of the financial statements are set out below. 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. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on the going concern basis which the members believe to be appropriate based on their business plan for a 12 month period from the date of approval of these financial statements which explains that sufficient funds should be available to enable the LLP to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the LLP and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the LLP has transferred the significant risks and rewards of ownership to the buyer; ∙the LLP retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the LLP will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Page 4
WOOD GREEN HIGH ROAD LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.4 | Operating leases: the LLP as lessor
Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.7 | Borrowing costs
All borrowing costs directly attributable to the construction of a qualifying asset are capitalised as part of the cost of the asset. General borrowings are subject to a capitalisation rate based on the expenditure on the qualifying asset. Remaining borrowing costs are expensed in the Profit and Loss Account in the period incurred.
| 2.8 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. Property under construction is held at cost until such point the fair value is reliably determinable or construction is complete.
| 2.9 | 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 reflects spend on the freehold development site as well as the direct costs of construction of the building project. At each reporting 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.
| 2.10 | Debtors
Short-term debtors are measured at the transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 5
WOOD GREEN HIGH ROAD LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.11 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.12 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.13 | Financial instruments
The LLP has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. The LLP has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the LLP's Statement of financial position when the LLP becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The LLP's cash and cash equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments. Impairment of financial assets Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The Page 6
WOOD GREEN HIGH ROAD LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.13 | Financial instruments (continued)
impairment reversal is recognised in the profit or loss. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the LLP after the deduction of all its liabilities. Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
3. | Employees
| This entity has no employees.
Page 7
WOOD GREEN HIGH ROAD LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Investment property
|  | Short term leasehold investment property | Property under construction | Total
|  | £ | £ | £
| Valuation |  |  |
| At 1 April 2024 | 34,430,000 | - | 34,430,000
| Surplus on revaluation | 390,000 | - | 390,000
| At 31 March 2025 | 34,820,000 | - | 34,820,000
| During the prior year, the LLP decided to lease a number of residential units as opposed to hold for sale once construction had complete. As a result, the costs incurred on the construction of these residential units up to the change in use were reclassified to 'investment property' and are subsequently held at fair value. The commercial unit previously classified as 'property under construction' has also been reclassified to investment property. The valuations were made by the members with support from external advisors Allsop LLP, on an open market value for existing use basis.
5. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Work in progress (properties in course of development prior to sale) | 8,025,000 | 11,854,760
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 33,139 | -
| Prepayments and accrued income | 359,585 | 451,442
|  | 392,724 | 451,442
Page 8
WOOD GREEN HIGH ROAD LLP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 558,921 | 1,312,023
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 4,740,320 | 5,225,000
| Trade creditors | 34,469 | 47,460
| Other taxation and social security | - | 44,432
| Other creditors | 325,000 | 480,948
| Accruals | 101,303 | 592,021
|  | 5,201,092 | 6,389,861
| At 31 March 2025 the LLP had bank loans with Secure Trust Bank, comprising several tranches with differing interest rates and repayment dates. The first tranche was due for repayment in March 2025 and was settled shortly after the year end. The remaining balance is repayable in March 2027. Each tranche bears interest at a fixed margin above the Bank of England base rate, with the margin differing between tranches. The loans are secured by a legal charge over the LLP’s freehold property known as 44 and 46 High Road, Wood Green, N22 6BX, registered at the Land Registry.
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans (see note 8) | 24,060,836 | 29,018,000
Page 9