Woodthorpe Meadows Limited 31/03/2020 iXBRL

Woodthorpe Meadows Limited 31/03/2020 iXBRL

WOODTHORPE MEADOWS LIMITED - Company Information

Print Friendly Version

31/03/2020 2020-03-31 false false false false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2019-04-01 Sage Accounts Production 20.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 05127061 2019-04-01 2020-03-31 05127061 2020-03-31 05127061 2019-03-31 05127061 2018-04-01 2019-03-31 05127061 2019-03-31 05127061 bus:RegisteredOffice 2019-04-01 2020-03-31 05127061 bus:OrdinaryShareClass1 2019-04-01 2020-03-31 05127061 bus:OrdinaryShareClass2 2019-04-01 2020-03-31 05127061 bus:OrdinaryShareClass3 2019-04-01 2020-03-31 05127061 bus:LeadAgentIfApplicable 2019-04-01 2020-03-31 05127061 bus:Director2 2019-04-01 2020-03-31 05127061 bus:Director3 2019-04-01 2020-03-31 05127061 bus:CompanySecretary1 2019-04-01 2020-03-31 05127061 core:WithinOneYear 2020-03-31 05127061 core:WithinOneYear 2019-03-31 05127061 core:FurnitureFittingsToolsEquipment 2019-03-31 05127061 core:FurnitureFittingsToolsEquipment 2020-03-31 05127061 core:ShareCapital 2020-03-31 05127061 core:ShareCapital 2019-03-31 05127061 core:RetainedEarningsAccumulatedLosses 2020-03-31 05127061 core:RetainedEarningsAccumulatedLosses 2019-03-31 05127061 bus:OrdinaryShareClass1 core:ShareCapital 2020-03-31 05127061 bus:OrdinaryShareClass1 core:ShareCapital 2019-03-31 05127061 bus:OrdinaryShareClass2 core:ShareCapital 2020-03-31 05127061 bus:OrdinaryShareClass2 core:ShareCapital 2019-03-31 05127061 bus:OrdinaryShareClass3 core:ShareCapital 2020-03-31 05127061 bus:OrdinaryShareClass3 core:ShareCapital 2019-03-31 05127061 core:FurnitureFittingsToolsEquipment 2019-04-01 2020-03-31 05127061 core:FurnitureFittingsToolsEquipment 2019-03-31 05127061 bus:SmallEntities 2019-04-01 2020-03-31 05127061 bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 05127061 bus:FullAccounts 2019-04-01 2020-03-31 05127061 bus:SmallCompaniesRegimeForAccounts 2019-04-01 2020-03-31 05127061 bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31
Company registration number: 05127061
Woodthorpe Meadows Limited
Unaudited filleted financial statements
31 March 2020
Woodthorpe Meadows Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Woodthorpe Meadows Limited
Directors and other information
Directors
Mr Colin Mountain
Mr Ian Bruce Murray
Secretary Mr C Mountain
Company number 05127061
Registered office Station Road
Old Leake Commonside
Boston
Lincolnshire
PE22 9QJ
Business address Station Road
Old Leake Commonside
Boston
Lincolnshire
PE22 9QJ
Accountants Lister & Co
75 High Street
Boston
Lincs
PE21 8SX
Woodthorpe Meadows Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Woodthorpe Meadows Limited
Year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Woodthorpe Meadows Limited for the year ended 31 March 2020 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Woodthorpe Meadows Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Woodthorpe Meadows Limited and state those matters that we have agreed to state to the board of directors of Woodthorpe Meadows Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Woodthorpe Meadows Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Woodthorpe Meadows 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 loss of Woodthorpe Meadows Limited. You consider that Woodthorpe Meadows 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 Woodthorpe Meadows 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.
Lister & Co
ACCA
75 High Street
Boston
Lincs
PE21 8SX
11 November 2020
Woodthorpe Meadows Limited
Statement of financial position
31 March 2020
2020 2019
Note £ £ £ £
Fixed assets
Tangible assets 5 560 700
_______ _______
560 700
Current assets
Stocks 84,000 84,000
Debtors 6 115,009 117,077
Cash at bank and in hand 851 918
_______ _______
199,860 201,995
Creditors: amounts falling due
within one year 7 ( 126,088) ( 126,845)
_______ _______
Net current assets 73,772 75,150
_______ _______
Total assets less current liabilities 74,332 75,850
_______ _______
Net assets 74,332 75,850
_______ _______
Capital and reserves
Called up share capital 8 250 250
Profit and loss account 74,082 75,600
_______ _______
Shareholders funds 74,332 75,850
_______ _______
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 November 2020 , and are signed on behalf of the board by:
Mr Colin Mountain
Director
Company registration number: 05127061
Woodthorpe Meadows Limited
Notes to the financial statements
Year ended 31 March 2020
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Station Road, Old Leake Commonside, Boston, Lincolnshire, PE22 9QJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2019: 2 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2019 and 31 March 2020 1,829 1,829
_______ _______
Depreciation
At 1 April 2019 1,129 1,129
Charge for the year 140 140
_______ _______
At 31 March 2020 1,269 1,269
_______ _______
Carrying amount
At 31 March 2020 560 560
_______ _______
At 31 March 2019 700 700
_______ _______
6. Debtors
2020 2019
£ £
Other debtors 115,009 117,077
_______ _______
7. Creditors: amounts falling due within one year
2020 2019
£ £
Trade creditors 20,751 21,076
Amounts owed to group undertakings and undertakings in which the company has a participating interest 18,012 18,012
Accruals and deferred income 600 1,032
Director loan accounts 425 425
Other creditors 86,300 86,300
_______ _______
126,088 126,845
_______ _______
8. Called up share capital
Issued, called up and fully paid
2020 2019
No £ No £
Ordinary shares shares of £ 1.00 each 140 140 140 140
Ordinary A shares shares of £ 1.00 each 30 30 30 30
A Ordinary shares of £ 1.00 each 80 80 80 80
_______ _______ _______ _______
250 250 250 250
_______ _______ _______ _______