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REGISTERED NUMBER: 10924356 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

THE WILLOWS IPSWICH LTD

THE WILLOWS IPSWICH LTD (REGISTERED NUMBER: 10924356)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


THE WILLOWS IPSWICH LTD

Company Information
for the year ended 31 March 2023







Directors: Mr K P Sohal
Mr K I S Sohal
Mrs H K Sohal





Registered office: 47 Colchester Road
White Colne
Colchester
Essex
CO6 2PW





Registered number: 10924356 (England and Wales)





Accountants: Haines Watts Essex LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

THE WILLOWS IPSWICH LTD (REGISTERED NUMBER: 10924356)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 99,248 99,479

Current assets
Debtors 5 344,645 373,131
Cash at bank and in hand 81,668 264,662
426,313 637,793
Creditors
Amounts falling due within one year 6 206,083 147,399
Net current assets 220,230 490,394
Total assets less current liabilities 319,478 589,873

Creditors
Amounts falling due after more than one
year

7

(101,384

)

(292,252

)

Provisions for liabilities 9 (11,398 ) (9,804 )
Net assets 206,696 287,817

Capital and reserves
Called up share capital 10 3 3
Retained earnings 206,693 287,814
Shareholders' funds 206,696 287,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:



Mr K P Sohal - Director


THE WILLOWS IPSWICH LTD (REGISTERED NUMBER: 10924356)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

The Willows Ipswich Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


THE WILLOWS IPSWICH LTD (REGISTERED NUMBER: 10924356)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 55 (2022 - 55 ) .

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 April 2022 160,588 66,964 227,552
Additions 20,378 - 20,378
At 31 March 2023 180,966 66,964 247,930
Depreciation
At 1 April 2022 93,255 34,818 128,073
Charge for year 14,180 6,429 20,609
At 31 March 2023 107,435 41,247 148,682
Net book value
At 31 March 2023 73,531 25,717 99,248
At 31 March 2022 67,333 32,146 99,479

5. Debtors
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 168,592 284,171
Other debtors 77,636 48,079
246,228 332,250

THE WILLOWS IPSWICH LTD (REGISTERED NUMBER: 10924356)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


5. Debtors - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 98,417 40,881

Aggregate amounts 344,645 373,131

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 79,016 52,425
Taxation and social security 48,064 27,182
Other creditors 79,003 67,792
206,083 147,399

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 101,384 292,252

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 1,944 2,891
Between one and five years 7,290 9,234
9,234 12,125

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax 11,398 9,804

Deferred
tax
£   
Balance at 1 April 2022 9,804
Provided during year 1,594
Balance at 31 March 2023 11,398

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3 Ordinary share 1 3 3

THE WILLOWS IPSWICH LTD (REGISTERED NUMBER: 10924356)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr K P Sohal
Balance outstanding at start of year 770 -
Amounts advanced 1,098 770
Amounts repaid (1,868 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 770

Mr K I S Sohal
Balance outstanding at start of year 424 -
Amounts advanced 7,088 424
Amounts repaid (14,013 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,501 ) 424

Mrs H K Sohal and Mr K P Sohal
Balance outstanding at start of year - -
Amounts advanced 12,893 -
Amounts repaid (15,258 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,365 ) -

12. Related party disclosures

During the year, Hazeldell Limited charged the company £85,000 (2022 - £325,000) for rent of the trading premises.

The bankers are Barclays Bank PLC, and security has been provided in a way of a negative pledge. This security is provided in respect of any monies due to the bank.

Sohal Healthcare Limited

A company under common control


2023 2022
£    £   
Amount due to related party at the balance sheet date 44,721 44,721

The loan is interest free and repayable in 53 weeks.

THE WILLOWS IPSWICH LTD (REGISTERED NUMBER: 10924356)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


12. Related party disclosures - continued

JK Healthcare Limited

A company under common control


2023 2022
£    £   
Amount due to related party at the balance sheet date - 31,138

The loan is interest free and repayable in 53 weeks.

Milton Lodge Limited

A company under common control


2023 2022
£    £   
Amount due to related party at the balance sheet date 2,785 2,785

The loan is interest free and repayable in 53 weeks.

Hazeldell Limited

A company under common control


2023 2022
£    £   
Amount due to related party at the balance sheet date 53,879 205,613

The loan is interest free and repayable in 53 weeks.

Brook House Health Limited

A company under common control


2023 2022
£    £   
Amount due from/(to) related party at the balance sheet date 25,535 (7,997 )

The loan is interest free and repayable in 53 weeks.

Comfort Care Services Limited

A company under common control


2023 2022
£    £   
Amount due from related party at the balance sheet date 250 250

The loan is interest free and repayable in 53 weeks.

THE WILLOWS IPSWICH LTD (REGISTERED NUMBER: 10924356)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


12. Related party disclosures - continued

Maple Healthcare Limited

A company under common control


2023 2022
£    £   
Amount due from related party at the balance sheet date 5,390 5,390

The loan is interest free and repayable in 53 weeks.

Oak Health UK Limited

A company under common control


2023 2022
£    £   
Amount due from related party at the balance sheet date 2,400 2,400

The loan is interest free and repayable in 53 weeks.

Hardwick Dene Limited

A company under common control


2023 2022
£    £   
Amount due from related party at the balance sheet date 8,450 450

The loan is interest free and repayable in 53 weeks.

JKS Developments Limited

A company under common control


2023 2022
£    £   
Amount due from related party at the balance sheet date 56,391 32,391

The loan is interest free and repayable in 53 weeks.