Woodlands Way Putney Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08650948 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

FOR

WOODLANDS WAY PUTNEY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Brown

REGISTERED OFFICE:

Newtown House

38 Newtown Road

Liphook

Hampshire

GU30 7DX

REGISTERED NUMBER:

08650948 (England and Wales)

ACCOUNTANTS:

Traviss & Co Ltd

Chartered Certified Accountants

Newtown House

38 Newtown Road

Liphook

Hampshire

GU30 7DX

CURRENT ASSETS

Stocks

3,083,284

3,083,284

Debtors

4

21,483

12,653

Cash at bank

80,583

77,238

3,185,350

3,173,175

CREDITORS

Amounts falling due within one year

5

2,767,752

2,783,126

NET CURRENT ASSETS

417,598

390,049

TOTAL ASSETS LESS CURRENT LIABILITIES

417,598

390,049

CAPITAL AND RESERVES

Called up share capital

50

50

Retained earnings

417,548

389,999

SHAREHOLDERS' FUNDS

417,598

390,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 April 2023 and were signed by:

J Brown - Director

1.	STATUTORY INFORMATION

Woodlands Way Putney 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.

Work in progress

The carrying value of work in progress is the lower of cost or net realisable value on developments owned. Cost includes all construction and related costs, legal and professional, bank, finance fees, site inspections and loan interest.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

2,000

6,271

Other debtors

19,483

6,382

21,483

12,653

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

695,000

695,000

Trade creditors

3,531

7,126

Amounts owed to group undertakings

227,320

281,637

Taxation and social security

6,462

8,466

Other creditors

1,835,439

1,790,897

2,767,752

2,783,126

6.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

695,000

695,000

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has provided a personal guarantee for the bank loan.