Registration number:
for the Year Ended
The Woodhouse Partnership Limited
Contents
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
The Woodhouse Partnership Limited
(Registration number: 02935938)
Balance Sheet as at 31 December 2019
Note |
2019 |
2018 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Investments |
|
|
|
|
|
||
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
2,000 |
2,000 |
|
Profit and loss account |
1,649,029 |
1,410,572 |
|
Shareholders' funds |
1,651,029 |
1,412,572 |
The Woodhouse Partnership Limited
(Registration number: 02935938)
Balance Sheet as at 31 December 2019
For the financial year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his 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.
These 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 by the
.........................................
Director
The Woodhouse Partnership Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2019
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
Accounting policies |
Summary of significant accounting policies and key accounting estimates
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.
Group accounts not prepared
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of business management, architectural and technical consultancy services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Foreign currency transactions and balances
Tax
The tax expense for the period comprises current tax payable.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
The Woodhouse Partnership Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2019
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Equipment |
25% reducing balance basis |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially 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.
Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
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.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
The Woodhouse Partnership Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2019
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible assets |
Land and buildings |
Office equipment |
Total |
|
Cost or valuation |
|||
At 1 January 2019 |
|
|
|
Additions |
- |
|
|
At 31 December 2019 |
|
|
|
Depreciation |
|||
At 1 January 2019 |
- |
|
|
Charge for the year |
- |
|
|
At 31 December 2019 |
- |
|
|
Carrying amount |
|||
At 31 December 2019 |
|
|
|
At 31 December 2018 |
|
|
|
Included within the net book value of land and buildings above is £239,799 (2018 - £239,799) in respect of freehold land and buildings.
Investments |
2019 |
2018 |
|
Investments in subsidiaries |
|
|
The Woodhouse Partnership Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2019
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
||||
2019 |
2018 |
||||||
Subsidiary undertakings |
|||||||
|
England |
|
|
|
|||
|
England |
|
|
|
Subsidiary undertakings |
Decision Support Tools Limited The principal activity of Decision Support Tools Limited is |
Asset Wisdom Limited The principal activity of Asset Wisdom Limited is |
Debtors |
2019 |
2018 |
|
Trade debtors |
|
|
Prepayments |
|
|
Other debtors |
|
|
|
|
The Woodhouse Partnership Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2019
Creditors |
Creditors: amounts falling due within one year
2019 |
2018 |
|
Due within one year |
||
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
Related party transactions |
Transactions with directors |
Summary of transactions with entities with joint control or significant interest
During the year The Woodhouse Partnership Limited incurred costs totalling £273,467 (2018: £107,059) on behalf of TWPL Consulting Services Limited. At the year end, £299,117 (2018: £25,651) was due from TWPL Consulting Services Limited and is included within other debtors.
Summary of transactions with all subsidiaries
During the year net sales of £34,090 (2018: £34,201) were made to, and net purchases of £852,669 (2018: £350,759) were made from Decision Support Tools Limited, a wholly owned subsidiary. At the year end, £263,336 is due to (2018: £3,294) Decision Support Tools Limited and is included within trade creditors.
Parent and ultimate parent undertaking |
The ultimate controlling party is