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Registrar

Registration number: 10850090

Woosell Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Woosell Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

Woosell Limited

Company Information

Directors | S Sweeney E G Sweeney

Registered office | 35 Rothschild Street London SE27 0JN

Bankers | Barclays Bank UK PLC Peckham Rye 2 Leicester Leicestershire LE87 2BB

Accountants | Lambert Chapman LLP Chartered accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Woosell Limited

(Registration number: 10850090)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 1,535,000 | 1,600,000
Current assets |  |  |
Cash at bank and in hand |  | 6,077 | 40,866
Creditors: Amounts falling due within one year | 5 | (664,551) | (645,813)
Net current liabilities |  | (658,474) | (604,947)
Total assets less current liabilities |  | 876,526 | 995,053
Creditors: Amounts falling due after more than one year | 5 | (418,269) | (483,801)
Provisions for liabilities |  | (56,750) | (73,000)
Net assets |  | 401,507 | 438,252
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 401,407 | 438,152
Shareholders' funds |  | 401,507 | 438,252

For the financial year ended 30 June 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 Profit and Loss Account.

Approved and authorised by the Board on 13 March 2026 and signed on its behalf by:

E G Sweeney
Director

Woosell Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

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

The address of its registered office is: 35 Rothschild Street, London, SE27 0JN.

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.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of investment property 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

Current Tax is recognised in the profit and loss account, 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 on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Woosell Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

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.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Investment properties

| 2025 £
At 1 July 2024 | 1,600,000
Fair value adjustments | (65,000)
At 30 June 2025 | 1,535,000

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors.

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 6 | 52,778 | 43,751
Taxation and social security |  | 10,006 | 10,462
Accruals and deferred income |  | 1,728 | 1,661
Other creditors |  | 600,039 | 589,939
|  | 664,551 | 645,813

Creditors include amounts owed to a company under common control. Whilst these are due on demand, it is unlikely that they will be repaid in full during the next year.

Woosell Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 6 | 418,269 | 483,801

| 2025 £ | 2024 £
Due after more than five years |  |
After more than five years by instalments | 105,556 | 131,256

| - | -

6 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 52,778 | 43,751

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 418,269 | 483,801

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

8 | Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are guarantees of £471,047 (2024 - £527,552). The company has a bank loan, which is secured over the investment property.