WOODLANDS PROPERTY DEVELOPMENT COMPANY KINGSTON LIMITED

Company Registration Number:
09838983 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2025

Period of accounts

Start date: 01 November 2024

End date: 31 October 2025

WOODLANDS PROPERTY DEVELOPMENT COMPANY KINGSTON LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2025

Balance sheet
Notes

WOODLANDS PROPERTY DEVELOPMENT COMPANY KINGSTON LIMITED

Balance sheet

As at 31 October 2025


Notes
2025
2024


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 6,500,000 7,000,000
Debtors:   0 0
Cash at bank and in hand: 21 304
Investments:   0 0
Total current assets: 6,500,021 7,000,304
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 6,500,021 7,000,304
Total assets less current liabilities: 6,500,021 7,000,304
Creditors: amounts falling due after more than one year: 3 (6,664,788) (7,164,788)
Provision for liabilities: 0 0
Total net assets (liabilities): (164,767) (164,484)
Capital and reserves
Called up share capital: 400 400
Share premium account: 1,255,600 1,255,600
Revaluation reserve:4(2,292,671)(1,792,671)
Other reserves: 1,038,324 1,038,184
Profit and loss account: (166,420) (665,997)
Shareholders funds: (164,767) (164,484)

The notes form part of these financial statements

WOODLANDS PROPERTY DEVELOPMENT COMPANY KINGSTON LIMITED

Balance sheet statements

For the year ending 31 October 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 June 2026
and signed on behalf of the board by:

Name: Michael Dodd
Status: Director

The notes form part of these financial statements

WOODLANDS PROPERTY DEVELOPMENT COMPANY KINGSTON LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Other accounting policies

Stocks includes Stocks at Cost £8,792,671 (2024 £8,792,671) net of provision for impairment in value £2,292,671 (2024 £1,792,671). Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses if any are also recognised in profit or loss. For the 31 October 2025 accounts, a provision against Stock asset value has been made to reflect material impairment during 2024 to expected selling price and significantly higher costs to complete and sell incurred under the Receivers management. The net sales value of the building now constructed is estimated to be no greater than £6.5m (2024 £7.0m) based on the specification delivered under the receivers management and current market conditions and Stock has accordingly been reduced to reflect this lower value. The company has not capitalised to Stock any construction or related costs incurred under the Receivers management nor any other fees incurred in 2024 or 2025.

WOODLANDS PROPERTY DEVELOPMENT COMPANY KINGSTON LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2025

2. Employees

2025 2024
Average number of employees during the period 0 0

WOODLANDS PROPERTY DEVELOPMENT COMPANY KINGSTON LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2025

3. Creditors: amounts falling due after more than one year note

Creditors: amounts falling due after more than one year note Amounts falling due after more than one year include Bank Loans and Fees of £6,500,000 (2023 £7,000,000) and Other Creditors £164,788 (2022 £164,788). On 1st May 2024, BLME wrote to claim sums they maintain are due at 19 April 2024 of £8,430,454 for amounts advanced to the company, Receivers, professional fees, penalties and other fees. Additionally BLME claim further entitlement to Late Payment fees at a Daily Rate of £1,793 per day, calculated at £1,022,168 accrued to 31 October 2025 (2024 £367,723). The total claimed by BLME to 31 October 2025 of £9,452,622 (2024 £8,798,177) is in dispute and in any event is in excess of total loan collateral, now valued at no more than £6,500,000 (2024 £7,000,000). This liability is accordingly recorded in the accounts at no more than the impaired collateral asset value.

WOODLANDS PROPERTY DEVELOPMENT COMPANY KINGSTON LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2025

4. Revaluation reserve

2025
£
Balance at 01 November 2024 (1,792,671)
Surplus or deficit after revaluation (500,000)
Balance at 31 October 2025 (2,292,671)

Bank of Middle East and London (BLME) appointed Allsop LLP on 6 Sept 2023 as fixed charge Receivers in relation to the Freehold interest at Woodlands, Coombe Hill Road KT2 7DY (title number SY254020) on which BLME held a legal charge dated 11 November 2018. Revaluation reserves reflect provisions against Stock asset value to reflect material impairment to expected selling price and significantly higher costs to complete and sell the related property under the Receivers management. The net sales value of the building now constructed is estimated to be no greater than £6.5m (2024 £7.0m) based on the specification delivered under the receivers management and current market conditions.