WOOLER PROPERTIES LIMITED


Directors	WOOLER, Andrew
	WOOLER, Gareth David
	WOOLER, Margaret Ann
	WOOLER, Richard Norman


Registered Address	Florence House Lawkholme Business Park
	Lawkholme Lane
	Keighley
	BD21 3LA


Registered Number	13512802 (England and Wales)

Statement of Financial Position
31 July 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investment property	3		5,974,000		7,328,000
			5,974,000		7,328,000
Current assets
Stocks	4	3,255,095		2,334,321
Debtors	5	-		284,414
Cash at bank and on hand		3,379		200,512
		3,258,474		2,819,247
Creditors amounts falling due within one year	6	(3,748,103)		(2,177,682)
Net current assets (liabilities)			(489,629)		641,565
Total assets less current liabilities			5,484,371		7,969,565
Creditors amounts falling due after one year	7		-		(2,602,000)
Provisions for liabilities	8		(50,875)		-
Net assets			5,433,496		5,367,565
Capital and reserves
Called up share capital			100,000		100,000
Share premium			4,993,002		4,993,002
Profit and loss account			340,494		274,563
Shareholders' funds			5,433,496		5,367,565

The company was entitled to exemption from audit for this reporting period 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.
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 and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 1 October 2026, and are signed on its behalf by:

WOOLER, Richard Norman
Director
Registered Company No. 13512802

WOOLER PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 31 July 2026

1.	Accounting policies

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

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover policy
	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/or 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.

Turnover policy

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/or 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.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Investment property
	Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, 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 the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks and work in progress

Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). 

At each date of Statement of Financial Position, 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 the Income Statement.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

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

2.	Average number of employees


		2026		2025
	Average number of employees during the year	4		4

3.	Investment property
	The investment properties above are used in operating leases. Gross rents receivable relating to these operating leases amounting to £285,006 (2025 - £329,848). The 2026 valuation was made by the directors, on an open market value for existing use basis.


		£
	Fair value at 01 August 25	7,328,000
	Additions	1,225,000
	Disposals	(2,652,000)
	Fair value adjustments	73,000
	At 31 July 26	5,974,000

4.	Stocks

	2026	2025
	£	£
Other stocks	3,255,095	2,334,321
Total	3,255,095	2,334,321

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Other debtors	-	284,414
Total	-	284,414

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Taxation and social security	24,700	31,601
Other creditors	3,716,670	2,100,000
Accrued liabilities and deferred income	6,733	46,081
Total	3,748,103	2,177,682

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	2,602,000
Total	-	2,602,000


	The following amounts included within creditors, amounts falling due after one year, are secured: Bank borrowings and overdrafts - £nil (2025 - £2,602,000).

8.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	50,875	-
Total	50,875	-

9.	Related party transactions
	Included within creditors, amounts due within one year, is an amount of £2,460,670 (2025 - £248,795 debtor) due to R N Wooler & Company Limited, a company with common directors. Included within creditors, amounts due within one year, is £nil (2025 - £2,100,000) due to R N Wooler & Company (Holdings) Limited, a company with common directors. Included within creditors, an amount due within one year, is £1,256,000 (2025 - £nil) due to R N Wooler & Co (Developments) Limited, a company with common directors. These amounts are interest free and repayable on demand. Included within other debtors, due within one year, is an amount due from the directors of £nil (2025 - £1,397). This balance is interest free and repayable on demand.

Related party transactions

Included within creditors, amounts due within one year, is an amount of £2,460,670 (2025 - £248,795 debtor) due to R N Wooler & Company Limited, a company with common directors. 

Included within creditors, amounts due within one year, is £nil (2025 - £2,100,000) due to R N Wooler & Company (Holdings) Limited, a company with common directors. 

Included within creditors, an amount due within one year, is £1,256,000 (2025 - £nil) due to R N Wooler & Co (Developments) Limited, a company with common directors. These amounts are interest free and repayable on demand.

Included within other debtors, due within one year, is an amount due from the directors of £nil (2025 - £1,397). This balance is interest free and repayable on demand.