Woodrow Limited Accounts






Woodrow Limited

	Company No. 03336217
		Information for Filing with The Registrar
		30 June 2023

The Directors present their report and the accounts for the year ended 30 June 2023.

Principal activities
The principal activity of the company during the year under review was property investment.




Directors

The Directors who served at any time during the year were as follows:

J.A.G. Berkin
I. Cade
M.M. Jennion





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

M.M. Jennion
Company Secretary
09 October 2023

at	30 June 2023
Company No.		03336217	Notes	2023	2022
				£	£
Fixed assets

	Tangible assets		4	3,594,001	3,685,526


				3,594,001	3,685,526
Current assets

	Debtors		5	392,283	264,733

	Cash at bank and in hand			33,511	53,691
				425,794	318,424
Creditors: Amount falling due within one year			6	(111,220)	(25,540)
Net current assets				314,574	292,884
Total assets less current liabilities				3,908,575	3,978,410
Creditors: Amounts falling due after more than one year			7	(1,500,149)	(1,766,423)
Provisions for liabilities
	Deferred taxation			(333,103)	(293,520)

Net assets				2,075,323	1,918,467

Capital and reserves
	Called up share capital			100	100

	Revaluation reserve		8	2,317,505	2,190,258

	Profit and loss account		8	(242,282)	(271,891)

Total equity				2,075,323	1,918,467



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 June 2023 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 09 October 2023
And signed on its behalf by:
M.M. Jennion
Director
09 October 2023

for the year ended 30 June 2023

General information

Its registered number is: 03336217

Its registered office is:

3-4 Sentinel Square

Brent Street

London

NW4 2EL

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2023	2022
			Number	Number
		The average monthly number of employees (including directors) during the year was:	3	3

4	Tangible fixed assets
			Land and buildings	Plant and machinery	Total
			£	£	£
		Cost or revaluation
		At 1 July 2022	3,685,000	57,907	3,742,907

		Revaluation	324,000	-	324,000

		Disposals	(415,000)	-	(415,000)
		At 30 June 2023	3,594,000	57,907	3,651,907
		Depreciation
		At 1 July 2022	-	57,381	57,381
		Charge for the year	-	525	525



		At 30 June 2023	-	57,906	57,906
		Net book values
		At 30 June 2023	3,594,000	1	3,594,001
		At 30 June 2022	3,685,000	526	3,685,526

5	Debtors
			2023	2022
			£	£

		Amounts owed by group undertakings	363,824	220,024
		Corporation tax recoverable	6,208	6,208


		Loans to directors	-	11,490

		Prepayments and accrued income	22,251	27,011
			392,283	264,733

6	Creditors:
		amounts falling due within one year
			2023	2022
			£	£

		Bank loans and overdrafts	-	1,259


		Trade creditors	17,885	18,377

		Taxes and social security	37,974	944
		Loans from directors	51,279	879

		Accruals and deferred income	4,082	4,081
			111,220	25,540

7	Creditors:
		amounts falling due after more than one year
			2023	2022
			£	£

		Bank loans and overdrafts	1,491,399	1,766,423
		Other loans	8,750	-





			1,500,149	1,766,423

8	Reserves
			Revaluation Reserve	Total other reserves
			£	£
		At 1 July 2021	2,190,258	2,190,258



		At 30 June 2022 and 1 July 2022	2,190,258	2,190,258
		Movement on revaluation reserve	127,247	127,247


		At 30 June 2023	2,317,505	2,317,505

		Revaluation reserve - reflects the revaluation of property other than investment properties.


		Profit and loss account - includes all current and prior period retained profits and losses.