Company Registration No. 03988106 (England and Wales)
Woodland Investments Limited
Unaudited accounts
for the year ended 31 March 2017
Woodland Investments Limited
Unaudited accounts
Contents
Woodland Investments Limited
Company Information
for the year ended 31 March 2017
Company Number
03988106 (England and Wales)
Registered Office
Churchill House Suite 301
120 Bunns Lane
Mill Hill
London
NW7 2AS
Accountants
Platts
Churchill House Suite 301
120 Bunns Lane
Mill Hill
London
NW7 2AS
Woodland Investments Limited
Statement of financial position
as at 31 March 2017
Tangible assets
2,175,131
2,175,346
Cash at bank and in hand
3,373
756
Creditors: amounts falling due within one year
(55,487)
(53,087)
Net current liabilities
(23,328)
(38,399)
Total assets less current liabilities
2,151,803
2,136,947
Creditors: amounts falling due after more than one year
(914,591)
(914,590)
Provisions for liabilities
Deferred tax
(170,650)
(170,650)
Net assets
1,066,562
1,051,707
Called up share capital
2
2
Revaluation reserve
682,599
682,599
Profit and loss account
383,961
369,106
Shareholders' funds
1,066,562
1,051,707
For the year ending 31 March 2017 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 director acknowledges his 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.
Approved by the Board on 29 December 2017.
Mr R Davidoff
Director
Company Registration No. 03988106
Woodland Investments Limited
Notes to the Accounts
for the year ended 31 March 2017
Woodland Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 03988106. The registered office is Churchill House Suite 301, 120 Bunns Lane, Mill Hill , London, NW7 2AS. The principal place of business is 59 Green Lane, Hendon, London, NW4 2AG.
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.
These financial statements for the year ended
31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
12 below.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Woodland Investments Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2016
2,174,486
15,047
2,189,533
At 31 March 2017
2,174,486
15,047
2,189,533
At 1 April 2016
-
14,187
14,187
Charge for the year
-
215
215
At 31 March 2017
-
14,402
14,402
At 31 March 2017
2,174,486
645
2,175,131
At 31 March 2016
2,174,486
860
2,175,346
Amounts due from group undertakings etc.
13,902
13,902
Accrued income and prepayments
952
-
6
Creditors: amounts falling due within one year
2017
2016
Loans from directors
53,087
51,887
7
Creditors: amounts falling due after more than one year
2017
2016
Bank loans
914,591
914,590
The bank loans are repayable in full after more than five years and the total bank loans are secured by a fixed and floating charge over the company's investment properties.
8
Deferred taxation
2017
2016
Revaluation of investment property
170,650
170,650
Woodland Investments Limited
Notes to the Accounts
for the year ended 31 March 2017
Provision at start of year
170,650
170,650
Provision at end of year
170,650
170,650
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Transactions with related parties
The director owns the company's entire issued ordinary share capital.
The amounts owed by group undertakings detailed in note 6 is represented by Hendon Property Services Limited in the um of £13,902 (2016 - £13,902) in which Mr R Davidoff is a director and shareholder, and which is interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 2 (2016: 2).
12
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 April 2015
31 March 2016
Capital and reserves (as previously stated)
1,235,825
1,051,707
Deferred tax on property revaluations
(170,650)
-
Capital and reserves (as restated)
1,065,175
1,051,707
