Registration number:
Woodbury Limited
for the Year Ended 31 December 2018
Pages for filing with Registrar
Woodbury Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Woodbury Limited
Company Information
Directors |
B Glastonbury B Glastonbury J Glastonbury |
Registered office |
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Registered number |
09508053 |
Accountants |
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Woodbury Limited
(Registration number: 09508053)
Balance Sheet as at 31 December 2018
Note |
2018 |
2017 |
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Fixed assets |
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Investment property |
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Investments in subsidiaries |
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Other investments |
38,966,188 |
28,254,539 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Profit and loss account |
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Total equity |
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Page 2 |
Woodbury Limited
(Registration number: 09508053)
Balance Sheet as at 31 December 2018 (continued)
For the financial year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
B Glastonbury
Director
Page 3 |
Woodbury Limited
Notes to the Financial Statements for the Year Ended 31 December 2018
Statutory information |
The company is a incorporated in England.
The address of its registered office is:
England
Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Group accounts not prepared
Revenue recognition
Income represents amounts invoiced to tenants for rents in the year.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.
Page 4 |
Woodbury Limited
Notes to the Financial Statements for the Year Ended 31 December 2018 (continued)
2 |
Accounting policies (continued) |
Foreign currency transactions and balances
Tax
The tax expense or credit for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge or credit is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Investment property
Investments
Investments in subsidiaries are recorded at cost.
Investments in other equity shares which are publicly traded or where the fair value can be measured reliably are measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Page 5 |
Woodbury Limited
Notes to the Financial Statements for the Year Ended 31 December 2018 (continued)
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
2018 |
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At 1 January |
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At 31 December |
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Investment property was acquired in the prior year and the directors have determined that the fair value at the year end is equal to the cost of the addition.
Investments |
2018 |
2017 |
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Investments in subsidiaries |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2018 |
2017 |
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Subsidiary undertakings |
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San Juan Bosco 2 3A
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Ordinary |
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Spain |
The principal activity of Woodbury Spain SL is |
Page 6 |
Woodbury Limited
Notes to the Financial Statements for the Year Ended 31 December 2018 (continued)
5 |
Investments (continued) |
Listed investments |
Listed investments |
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Cost or valuation |
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At 1 January 2018 |
28,254,539 |
Additions |
26,053,964 |
Disposals |
(15,374,830) |
Fair value adjustments |
32,515 |
At 31 December 2018 |
38,966,188 |
Impairment |
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At 1 January 2018 |
- |
At 31 December 2018 |
- |
Carrying amount |
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At 31 December 2018 |
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At 31 December 2017 |
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Investments are valued at the balance sheet date by Barclays, Goldman Sachs and Citi. The historical cost of investments is £39,101,932 (2017: £28,156,244).
Debtors: amounts falling due within one year |
Note |
2018 |
2017 |
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Amounts owed by group undertakings |
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Other debtors |
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Directors' loan accounts |
613,107 |
496,707 |
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Page 7 |
Woodbury Limited
Notes to the Financial Statements for the Year Ended 31 December 2018 (continued)
Creditors |
Creditors: amounts falling due within one year
2018 |
2017 |
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Corporation tax |
221,719 |
- |
Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2018 |
2017 |
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No. |
£ |
No. |
£ |
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3,150.01 |
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3,150.01 |
Related party transactions |
Transactions with directors |
2018 |
At 1 January 2018 |
Advanced to directors |
At 31 December 2018 |
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Director's loan account |
(496,707) |
(116,400) |
(613,107) |
2017 |
At 1 January 2017 |
Advanced to directors |
At 31 December 2017 |
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Director's loan account |
(41,857) |
(454,850) |
(496,707) |
The loan is unsecured and interest is payable at 2.5%.
Page 8 |
Woodbury Limited
Notes to the Financial Statements for the Year Ended 31 December 2018 (continued)
Non adjusting events after the financial period |
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Page 9 |