ACCOUNTS - Final Accounts

Registered number: 11582683

The Woodshack Limited

Financial statements

Information for filing with the registrar

For the Year Ended 30 September 2025

The Woodshack Limited

Registered number: 11582683

Balance Sheet

As at 30 September 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	3		731,127		767,843
Current assets
Stocks	4	345,745		347,005
Debtors: amounts falling due within one year	5	988,832		1,216,381
Cash at bank and in hand	6	425,588		629,031
		1,760,165		2,192,417
Creditors: Amounts Falling Due Within One Year	7	1,890,675		1,160,544
Net current (liabilities)/assets			(130,510)		1,031,873
Total assets less current liabilities			600,617		1,799,716
Creditors: Amounts Falling Due After More Than One Year	8		(29,316,750)		(26,816,750)

Net liabilities			(28,716,133)		(25,017,034)

Capital and reserves
Called up share capital	9		1		1
Profit and loss account	10		(28,716,134)		(25,017,035)
			(28,716,133)		(25,017,034)

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

R King

Director

Date: 25 June 2026

The notes on pages 3 to 10 form part of these financial statements.

Page 1

The Woodshack Limited

Statement of Changes in Equity

For the Year Ended 30 September 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 October 2023	1	(23,484,511)	(23,484,510)
Comprehensive income for the year
Loss for the year	-	(1,532,524)	(1,532,524)

At 1 October 2024	1	(25,017,035)	(25,017,034)
Comprehensive income for the year
Loss for the year	-	(3,699,099)	(3,699,099)
At 30 September 2025	1	(28,716,134)	(28,716,133)

The notes on pages 3 to 10 form part of these financial statements.

Page 2

The Woodshack Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

1.	General information

The company is a private company limited by share capital incorporated in England and Wales. The registered office of the company is: James Wharf, Ocean Quay, Southampton, United Kingdom, SO14 5QY.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have considered the company’s future trading prospects, cash flow forecasts and working capital requirements for a period of at least twelve months from the date of approval of these financial statements. In making this assessment, the directors have taken into account the continued financial support of one of the directors, who is also the ultimate shareholder, and that shareholder’s stated intention to continue to provide such support for the foreseeable future.

On this basis, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.

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The Woodshack Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts and value added tax. 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 Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company 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 Company 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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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.

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The Woodshack Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

2.Accounting policies (continued)

2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

2.9

Current and deferred taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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The Woodshack Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

2.Accounting policies (continued)

2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Leasehold improvements	-	Evenly over the term of the lease
				Plant and machinery	-	20%
				Motor vehicles	-	20%
				Fixtures and fittings	-	20%
				Office equipment	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.11

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

2.12

Stock and work in progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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.

2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment.

Page 6

The Woodshack Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

2.Accounting policies (continued)

2.14

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.

2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.16

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 7


		The Woodshack Limited

Notes to the Financial Statements For the Year Ended 30 September 2025

	3.	Tangible fixed assets

		Leasehold improve-ments	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment	Total
		£	£	£	£	£	£
	Cost or valuation
	At 1 October 2024	12,995,252	1,222,747	63,885	83,328	39,372	14,404,584
	Additions	1,779,170	197,174	12,990	20,000	23,910	2,033,244
	Disposals	-	(26,614)	-	-	-	(26,614)
	At 30 September 2025	14,774,422	1,393,307	76,875	103,328	63,282	16,411,214
	Depreciation
	At 1 October 2024	12,995,252	583,471	35,606	6,865	15,547	13,636,741
	Charge for the year	-	246,572	6,877	17,665	10,745	281,859
	Disposals	-	(17,683)	-	-	-	(17,683)
	Impairment charge	1,779,170	-	-	-	-	1,779,170
	At 30 September 2025	14,774,422	812,360	42,483	24,530	26,292	15,680,087
	Net book value
	At 30 September 2025	-	580,947	34,392	78,798	36,990	731,127
	At 30 September 2024	-	639,276	28,279	76,463	23,825	767,843

Page 8

The Woodshack Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

4.	Stocks
					2025	2024
					£	£

	Raw materials and consumables	166,537	219,603
	Work in progress	179,208	127,402
		345,745	347,005

5.

Debtors

					2025	2024
					£	£


	Trade debtors	440,849	270,190
	Other debtors	22,266	33,231
	Prepayments and accrued income	525,717	912,960
		988,832	1,216,381

6.	Cash and cash equivalents
					2025	2024
					£	£

	Cash at bank and in hand	425,588	629,031
		425,588	629,031

7.	Creditors: Amounts falling due within one year
					2025	2024
					£	£

	Trade creditors	729,307	366,888
	Other taxation and social security	289,201	145,369
	Other creditors	47,613	36,490
	Accruals and deferred income	824,554	611,797
		1,890,675	1,160,544

Page 9

The Woodshack Limited

Notes to the Financial Statements

For the Year Ended 30 September 2025

8.	Creditors: Amounts falling due after more than one year
					2025	2024
					£	£

	Other creditors	29,316,750	26,816,750
		29,316,750	26,816,750

9.	Share capital
					2025	2024
					£	£

		Allotted, called up and fully paid

		1 (2024 - 1) Ordinary share of £1.00	1	1

10.

Reserves

Profit and loss account

The profit and loss account represents cumulative profits and losses.

11.	Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £211,654 (2024 - £162,212). Contributions totalling £46,575 (2024 - £36,490) were payable to the fund at the balance sheet date and are included in creditors.

12.	Controlling party

The company is controlled by Calshot Group Limited, a company owned by one of the directors, who holds 100% of the issued share capital.

13.	Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2025 was unqualified.

The audit report was signed on 25 June 2026 by Simon Webber BA FCA DChA (Senior Statutory Auditor) on behalf of Kreston Reeves Audit LLP.

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