REGISTERED NUMBER: 07800476 (England and Wales)

Financial Statements for the Year Ended 31 October 2025

for

Woodside Property Services (NE) Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Hennells

C D Hennells

REGISTERED OFFICE:

7 Bankside

The Watermark

Gateshead

NE11 9SY

REGISTERED NUMBER:

07800476 (England and Wales)

ACCOUNTANTS:

Flannagans - Hartlepool Office

Chartered Certified Accountants

7 Bankside

The Watermark

Gateshead

Tyne and Wear

NE11 9SY

FIXED ASSETS

Intangible assets

4

60,000

80,000

Tangible assets

5

674,077

710,374

734,077

790,374

CURRENT ASSETS

Stocks

110,000

100,000

Debtors

987,693

869,797

Cash at bank and in hand

135,072

9,810

1,232,765

979,607

CREDITORS

Amounts falling due within one year

807,241

551,181

NET CURRENT ASSETS

425,524

428,426

TOTAL ASSETS LESS CURRENT LIABILITIES

1,159,601

1,218,800

CREDITORS

Amounts falling due after more than one year

6

154,396

169,255

NET ASSETS

1,005,205

1,049,545

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,005,105

1,049,445

1,005,205

1,049,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 October 2026 and were signed on its behalf by:

C D Hennells - Director

1.	STATUTORY INFORMATION

Woodside Property Services (NE) Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2024

and 31 October 2025

200,000

AMORTISATION

At 1 November 2024

120,000

Amortisation for year

20,000

At 31 October 2025

140,000

NET BOOK VALUE

At 31 October 2025

60,000

At 31 October 2024

80,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2024

and 31 October 2025

1,110,285

DEPRECIATION

At 1 November 2024

399,911

Charge for year

36,297

At 31 October 2025

436,208

NET BOOK VALUE

At 31 October 2025

674,077

At 31 October 2024

710,374

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 November 2024

and 31 October 2025

154,765

DEPRECIATION

At 1 November 2024

133,915

Charge for year

4,818

At 31 October 2025

138,733

NET BOOK VALUE

At 31 October 2025

16,032

At 31 October 2024

20,850

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more 5 yr by instal

156,205

160,761

7.	ULTIMATE CONTROLLING PARTY

During the period the company was 100% controlled by WOODSIDE CLASSIC SPORTS CARS LTD.