Registered number
01704059
Willows Development (Lytham) Limited
Filleted Accounts
31 December 2022
Willows Development (Lytham) Limited
Registered number: 01704059
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 15,196 15,196
Current assets
Debtors 4 1,078 979
Cash at bank and in hand 7,218 10,831
8,296 11,810
Creditors: amounts falling due within one year 5 (1,595) (2,988)
Net current assets 6,701 8,822
Total assets less current liabilities 21,897 24,018
Creditors: amounts falling due after more than one year 6 (1,500) (1,500)
Net assets 20,397 22,518
Capital and reserves
Called up share capital 6 6
Profit and loss account 20,391 22,512
Shareholders' funds 20,397 22,518
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P D Harvey
Director
Approved by the board on 20 September 2023
Willows Development (Lytham) Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the services charges collected to meet the costs of the residential properties
Taxation
There was no liability for corporation tax in the year ending 31st December 2022 nor in the year ending 31st December 2021
2 Employees 2022 2021
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2022 15,196
At 31 December 2022 15,196
Depreciation
At 31 December 2022 -
Net book value
At 31 December 2022 15,196
At 31 December 2021 15,196
Included in Land and buildings is the freehold land which is not depreciated
4 Debtors 2022 2021
£ £
Other debtors 1,078 979
5 Creditors: amounts falling due within one year 2022 2021
£ £
Other creditors 1,595 2,988
6 Creditors: amounts falling due after one year 2022 2021
£ £
Other creditors 1,500 1,500
The following bonds held are included within creditors due after one year
Compulsory bonds
£
Flat 4 250
Flat 5 250
Flat 6 250
Flat 7 250
Flat 8 (Penthouse) 500
Total 1,500
7 Related party transactions
There were no related party transactions
8 Controlling party
There is no one controlling party
9 Other information
Willows Development (Lytham) Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 The Willows
10 Clifton Drive
Lytham St Annes
Lancs
FY8 5RQ
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