Company Registration No. 10058872 (England and Wales)
Woodspring Property Limited
Unaudited accounts
for the year ended 31 March 2024
Woodspring Property Limited
Unaudited accounts
Contents
Woodspring Property Limited
Company Information
for the year ended 31 March 2024
Directors
R Thompson
K Towers
Company Number
10058872 (England and Wales)
Registered Office
37 SPRING LANE
HARROGATE
HG3 1NP
UNITED KINGDOM
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
Woodspring Property Limited
Statement of financial position
as at 31 March 2024
Investment property
750,000
750,000
Cash at bank and in hand
43,456
34,261
Creditors: amounts falling due within one year
(276,282)
(293,585)
Net current liabilities
(230,160)
(247,338)
Total assets less current liabilities
519,840
502,662
Creditors: amounts falling due after more than one year
(160,785)
(180,882)
Provisions for liabilities
Deferred tax
(18,248)
(18,248)
Net assets
340,807
303,532
Called up share capital
100
100
Revaluation reserve
60,750
60,750
Profit and loss account
279,957
242,682
Shareholders' funds
340,807
303,532
For the year ending 31 March 2024 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2024 and were signed on its behalf by
R Thompson
Director
Company Registration No. 10058872
Woodspring Property Limited
Notes to the Accounts
for the year ended 31 March 2024
Woodspring Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10058872. The registered office is 37 SPRING LANE, HARROGATE, HG3 1NP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable for rental income during the period.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 April 2023
750,000
Amounts falling due within one year
Accrued income and prepayments
764
694
Woodspring Property Limited
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
19,918
19,738
Trade creditors
11,782
13,856
Amounts owed to group undertakings and other participating interests
7,096
5,874
Taxes and social security
10,888
15,562
Other creditors
3,130
2,830
Loans from directors
221,731
235,354
Svenska Handelsbanken hold a fixed charge over the property owned at Units 1-16, Clifton Forge Business Park, Forge Hill Lane, Knottingley, West Yorkshire.
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
160,785
180,882
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
T1 Asset Management Limited:
The company is related to T1 Asset Management Limited by the virtue of a common director. During the period, the net transfers between the two companies were £1,222 received from T1 Asset Management Limited. The amount outstanding to T1 Asset Management Limited at the Balance Sheet date was £7,096 (2023: £5,874).
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
