Unaudited Financial Statements

for the Year Ended 31 July 2025

for

Woodlands Lettings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P G Bridges

T M Cosens

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

04837665 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Intangible assets

4

49,331

67,441

Tangible assets

5

62,070

45,518

111,401

112,959

CURRENT ASSETS

Debtors

6

114,619

22,112

Cash at bank

319,505

714,599

434,124

736,711

CREDITORS

Amounts falling due within one year

7

179,192

159,101

NET CURRENT ASSETS

254,932

577,610

TOTAL ASSETS LESS CURRENT LIABILITIES

366,333

690,569

CAPITAL AND RESERVES

Called up share capital

8

102

102

Retained earnings

366,231

690,467

SHAREHOLDERS' FUNDS

366,333

690,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2025 and were signed on its behalf by:

P G Bridges - Director

1.	STATUTORY INFORMATION

Woodlands Lettings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements,

estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent

from other sources. The estimates and associated assumptions are based on historical experience and other

factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised where the revision affects only that

period, or in the period of the revision and future periods where the revision affects both current and future

periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on

amounts recognised in the financial statements.

Identification of impairments

Determine whether there are indicators of impairment of the company's tangible and intangible fixed assets.

Factors taken into consideration in reaching such a decision include the economic viability and expected

future financial performance of the asset and where it is a component of a larger cash-generating unit, the

viability and expected future performance of that unit.

Useful economic life of fixed assets

Tangible fixed assets, other than investment properties, are depreciated over their useful lives taking into

account residual values, where appropriate. The actual lives of the assets and residual values are assessed

annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as

technological innovation, product life cycles and maintenance programmes are taken into account. Residual

value assessments consider issued such as future market conditions, the remaining life of the asset and

projected disposal values.

Consideration of functional currency

The Directors are required to identify the functional currency of the company. In making this judgement the

Directors have considered factors such as the currency which mainly influences both sales and cost prices,

and the countries whose competitive forces and regulations affect those prices. Where functional currency is not clearly identifiable, the Directors have used judgement to determine which currency most faithfully

represents the economic effects of the underlying transactions, events and conditions.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying

amount of assets and liabilities are as follows.

Provision for bad and doubtful debts

A provision for bad and doubtful debts is established where it is estimated that trade or other debtors are not

fully recoverable. When assessing recoverability the Directors consider factors such as the ageing of the

receivables, past experience of recoverability, and the credit profile of individual or groups of debtors.

Provisions and contingencies

Where the company becomes obligated to make a future payment as a result of past events, the Directors

make a estimate of the provision required in the accounts. Where it is deemed likely that a future payment is

required but no reliable estimate can be made of its value, the Directors will assess whether it is more suitable

to make a disclosure of these contingencies in the accounts rather than making a provision.

Turnover

Turnover represents amounts receivable for residential letting services net of VAT.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.

The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of

net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less

accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful

life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit

from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at

least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable

amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets

of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

Straight line over 3 years

Computer equipment

-

Straight line over 3 years

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible

assets to determine whether there is any indication that those assets have suffered an impairment loss. If any

such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use,

the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying

amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An

impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued

amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 16 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

181,101

AMORTISATION

At 1 August 2024

113,660

Amortisation for year

18,110

At 31 July 2025

131,770

NET BOOK VALUE

At 31 July 2025

49,331

At 31 July 2024

67,441

5.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2024

91,990

27,550

119,540

Additions

47,000

108

47,108

Disposals

(38,500

)

-

(38,500

)

At 31 July 2025

100,490

27,658

128,148

DEPRECIATION

At 1 August 2024

47,286

26,736

74,022

Charge for year

29,581

847

30,428

Eliminated on disposal

(38,372

)

-

(38,372

)

At 31 July 2025

38,495

27,583

66,078

NET BOOK VALUE

At 31 July 2025

61,995

75

62,070

At 31 July 2024

44,704

814

45,518

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

106,642

2,653

Prepayments and accrued income

7,977

9,460

Staff loans

-

9,999

114,619

22,112

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

6,393

1,145

Tax

83,108

71,201

Social security and other taxes

1,005

2,665

VAT

62,861

58,265

Directors' current accounts

970

970

Accrued expenses

24,855

24,855

179,192

159,101

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

2

A Ordinary

£1

2

2

102

102

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the board of directors.