| REGISTERED NUMBER: |
| N.WOOLF(PROPERTIES)LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5TH APRIL 2025 |
| REGISTERED NUMBER: |
| N.WOOLF(PROPERTIES)LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5TH APRIL 2025 |
| N.WOOLF(PROPERTIES)LIMITED (REGISTERED NUMBER: 00616091) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5TH APRIL 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| N.WOOLF(PROPERTIES)LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 5TH APRIL 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Second Floor |
| 34 Lime Street |
| London |
| EC3M 7AT |
| N.WOOLF(PROPERTIES)LIMITED (REGISTERED NUMBER: 00616091) |
| BALANCE SHEET |
| 5TH APRIL 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| N.WOOLF(PROPERTIES)LIMITED (REGISTERED NUMBER: 00616091) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 5TH APRIL 2025 |
| 1. | STATUTORY INFORMATION |
| N.Woolf(Properties)Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable. |
| The turnover of the company represents rents receivable during the period. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Investment properties |
| Investment properties are shown at their fair value. Any adjustment to the fair value of the investment properties is recognised in the profit and loss account for the year. |
| In accordance with FRS 102 1A no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view. |
| 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. |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
| N.WOOLF(PROPERTIES)LIMITED (REGISTERED NUMBER: 00616091) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5TH APRIL 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Leases |
| Rental income from operating leases is recognised on a straight line basis over the term of the relevant |
| lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying |
| amount of the leased asset and recognised on a straight line basis over the lease term. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 6th April 2024 |
| Additions |
| At 5th April 2025 |
| DEPRECIATION |
| At 6th April 2024 |
| Charge for year |
| At 5th April 2025 |
| NET BOOK VALUE |
| At 5th April 2025 |
| At 5th April 2024 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 6th April 2024 |
| and 5th April 2025 |
| NET BOOK VALUE |
| At 5th April 2025 |
| At 5th April 2024 |
| N.WOOLF(PROPERTIES)LIMITED (REGISTERED NUMBER: 00616091) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5TH APRIL 2025 |
| 5. | INVESTMENT PROPERTY - continued |
| Fair value at 5th April 2025 is represented by: |
| £ |
| Valuation in 1999 | 342,444 |
| Valuation in 2001 | 77,047 |
| Valuation in 2002 | 58,486 |
| Valuation in 2003 | 140,372 |
| Valuation in 2004 | 104,823 |
| Valuation in 2005 | 77,478 |
| Valuation in 2006 | 72,009 |
| Valuation in 2007 | 292,593 |
| Valuation in 2018 | 516,498 |
| Valuation in 2020 | 200,000 |
| Cost | 1,073,250 |
| 2,955,000 |
| In the opinion of the directors, the investment properties are valued at fair value (which is the open market values) at the balance sheet date at £2,955,000. If these investment properties were sold at balance sheet date there would be a tax liability of £361,375. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Tax |
| Other creditors |
| Directors' current accounts | 442,677 | 442,365 |
| Accruals and deferred income |
| 8. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 361,375 | 274,645 |
| Deferred |
| tax |
| £ |
| Balance at 6th April 2024 |
| Change in rate | 86,730 |
| Balance at 5th April 2025 |
| N.WOOLF(PROPERTIES)LIMITED (REGISTERED NUMBER: 00616091) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 5TH APRIL 2025 |
| 9. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 6th April 2024 |
| Transfer from profit and loss | (86,730 | ) |
| At 5th April 2025 |