| Woodparks Limited |
| Registered number: |
03469032 |
| Balance Sheet |
| as at 30 September 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
|
|
|
798,233 |
|
|
798,233 |
|
| Current assets |
| Debtors |
3 |
|
337,155 |
|
|
326,591 |
| Cash at bank and in hand |
|
|
24,155 |
|
|
27,225 |
|
|
|
361,310 |
|
|
353,816 |
|
| Creditors: amounts falling due within one year |
4 |
|
(266,156) |
|
|
(271,251) |
|
| Net current assets |
|
|
|
95,154 |
|
|
82,565 |
|
| Total assets less current liabilities |
|
|
|
893,387 |
|
|
880,798 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(700,000) |
|
|
(700,000) |
|
|
|
| Net assets |
|
|
|
193,387 |
|
|
180,798 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
193,385 |
|
|
180,796 |
|
| Shareholders' funds |
|
|
|
193,387 |
|
|
180,798 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| J S Bee |
| Director |
| Approved by the board on 10 June 2026 |
|
| Woodparks Limited |
| Notes to the Accounts |
| for the year ended 30 September 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
The directors have departed from the requirement under UK Accounting Standards to account for certain properties as Investment Property and instead have included them as land and buildings with Tangible Fixed Assets. The directors consider that this treatment gives an overall fairer view of the position of the company as all of the land and buildings contribute to the overall trading of the Estate as a single commercial entity. This property, which is leased to third parties is also deemed to be immaterial from a geographical view of the estate as a whole. The effect on the accounts of the departure is that the directors have not revalued the property which the company holds on an ongoing basis nor carried out an appraisal of the potential classification of those properties, and are therefore unable to quantify the amount of the overall potential revaluation that has not been provided for. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 4 to 10 years |
|
|
The directors consider that the residual value of certain of the freehold property is above cost and will be above cost at the end of its useful economic life . |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
3,068 |
|
2,328 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
254,198 |
|
242,998 |
|
Other debtors |
79,889 |
|
81,265 |
|
|
|
|
|
|
337,155 |
|
326,591 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
21,011 |
|
16,863 |
|
Trade creditors |
1,220 |
|
5,030 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
215,000 |
|
215,000 |
|
Taxation and social security costs |
4,994 |
|
5,062 |
|
Other creditors |
23,931 |
|
29,296 |
|
|
|
|
|
|
266,156 |
|
271,251 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
700,000 |
|
700,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
700,000 |
|
700,000 |
|
|
|
|
|
|
|
|
|
|
|
Secured loans |
936,011 |
|
931,863 |
|
|
|
|
|
|
|
|
|
|
Bank loans are secured by a fixed and floating charge over the assets of the company. |
|
The company is a party to cross guarantees to the company's bankers with related parties The Nevill Estate Company Limited, Baycliffe Limited and Lower Pantiles LLP , based on which the company has availed the bank loan. The aggregate amount of such loans is £12,649,540. |
|
| 7 |
Controlling party |
|
|
The ultimate parent company is The Nevill Estate Company Limited which is registered in England. |
|
| 8 |
Other information |
|
|
Woodparks Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Estate Office |
|
Eridge Park |
|
Tunbridge Wells |
|
Kent |
|
TN3 9JT |