Woodall Property Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10689278 (England and Wales)

WOODALL PROPERTY COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr R Woodall

Mrs T A Woodall

Mrs D M Baylis

REGISTERED OFFICE:

30 Innage Road

Birmingham

B31 2DU

REGISTERED NUMBER:

10689278 (England and Wales)

ACCOUNTANTS:

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Woodall Property Company Limited for the year ended 28 February 2026 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Woodall Property Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Woodall Property Company Limited and state those matters that we have agreed to state to the Board of Directors of Woodall Property Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woodall Property Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Woodall Property Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Woodall Property Company Limited. You consider that Woodall Property Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Woodall Property Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Folkes Worton LLP

15-17 Church Street

Stourbridge

West Midlands

DY8 1LU

6 July 2026

FIXED ASSETS

Investment property

4

3,515,000

CURRENT ASSETS

Cash at bank

7,135

11,980

CREDITORS

Amounts falling due within one year

5

476,886

519,470

NET CURRENT LIABILITIES

(469,751

)

(507,490

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,045,249

3,007,510

CREDITORS

Amounts falling due after more than one
year

6

(2,186,803

)

(2,191,803

)

PROVISIONS FOR LIABILITIES

(145,663

)

(145,663

)

NET ASSETS

712,783

670,044

CAPITAL AND RESERVES

Called up share capital

2,100

Revaluation reserve

8

620,985

Retained earnings

89,698

46,959

SHAREHOLDERS' FUNDS

712,783

670,044

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 July 2026 and were signed on its behalf by:

Mr R Woodall - Director

1.	STATUTORY INFORMATION

Woodall Property Company 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net sales of goods/services, excluding value added tax

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

and 28 February 2026

3,515,000

NET BOOK VALUE

At 28 February 2026

3,515,000

At 28 February 2025

3,515,000

Fair value at 28 February 2026 is represented by:

£

Valuation in 2022

372,354

Valuation in 2024

232,423

Valuation in 2025

161,871

Cost

2,748,352

3,515,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

5,000

Taxation and social security

10,300

8,289

Other creditors

461,586

506,181

476,886

519,470

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Bank loans

16,250

21,250

Other creditors

2,170,553

2,186,803

2,191,803

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

1,250

Other loans more 5yrs instal

2,170,553

2,171,803

7.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Mortgages

2,710,553

2,170,553

8.

RESERVES

Revaluation

reserve

£

At 1 March 2025

and 28 February 2026

620,985