Company Registration No. 03988106 (England and Wales)
Woodland Investments Limited
Unaudited accounts
for the year ended 31 March 2018
Woodland Investments Limited
Unaudited accounts
Contents
Woodland Investments Limited
Company Information
for the year ended 31 March 2018
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 112-118
120 Bunns Lane
Mill Hill
London
NW7 2AS
Woodland Investments Limited
Statement of financial position
as at 31 March 2018
Tangible assets
2,174,970
2,175,131
Cash at bank and in hand
3,021
3,373
Creditors: amounts falling due within one year
(2,666)
(75,487)
Net current assets/(liabilities)
182,482
(43,328)
Total assets less current liabilities
2,357,452
2,131,803
Creditors: amounts falling due after more than one year
(1,169,318)
(914,591)
Provisions for liabilities
Deferred tax
(170,650)
(170,650)
Net assets
1,017,484
1,046,562
Called up share capital
2
2
Revaluation reserve
682,599
682,599
Profit and loss account
334,883
363,961
Shareholders' funds
1,017,484
1,046,562
For the year ending 31 March 2018 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 24 August 2018.
Mr R Davidoff
Director
Company Registration No. 03988106
Woodland Investments Limited
Notes to the Accounts
for the year ended 31 March 2018
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 179 Station Road, Edgware, Middlesex , HA8 7JX, 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.
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% Reducing Balance
Woodland Investments Limited
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2017
2,174,486
15,047
2,189,533
At 31 March 2018
2,174,486
15,047
2,189,533
At 1 April 2017
-
14,402
14,402
Charge for the year
-
161
161
At 31 March 2018
-
14,563
14,563
At 31 March 2018
2,174,486
484
2,174,970
At 31 March 2017
2,174,486
645
2,175,131
Amounts due from group undertakings etc.
180,838
13,902
Accrued income and prepayments
1,289
952
6
Creditors: amounts falling due within one year
2018
2017
Other creditors
1,466
1,200
Loans from directors
-
73,087
7
Creditors: amounts falling due after more than one year
2018
2017
Bank loans
1,169,318
914,591
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.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Woodland Investments Limited
Notes to the Accounts
for the year ended 31 March 2018
9
Transactions with related parties
The director owns the company's entire issued ordinary share capital.
The amounts owed by group undertakings detailed in the creditors note is represented by Hendon Property Services Limited in the sum of £180,838.00 (2017 - £13,902) in which Mr R Davidoff is a director and shareholder, and which is interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 2 (2017: 2).
