Willow Lawn Limited 01370244 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the management and maintenance of the main fabric, common parts and grounds of the two separate properties comprising six flats each known as 'Cedar Lawn' and 'Willow Lawn' situated at Arran Court, Vaudrey Drive, Cheadle Hulme, Stockport, Cheshire. All th Digita Accounts Production Advanced 6.30.9574.0 true false true 01370244 2022-04-01 2023-03-31 01370244 2023-03-31 01370244 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-03-31 01370244 core:RetainedEarningsAccumulatedLosses 2023-03-31 01370244 core:ShareCapital 2023-03-31 01370244 core:CurrentFinancialInstruments 2023-03-31 01370244 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 01370244 core:CostValuation 2023-03-31 01370244 core:DisposalsDecreaseInInvestments 2023-03-31 01370244 bus:SmallEntities 2022-04-01 2023-03-31 01370244 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01370244 bus:FullAccounts 2022-04-01 2023-03-31 01370244 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 01370244 bus:RegisteredOffice 2022-04-01 2023-03-31 01370244 bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 01370244 bus:Director2 2022-04-01 2023-03-31 01370244 bus:Director4 2022-04-01 2023-03-31 01370244 bus:Director5 2022-04-01 2023-03-31 01370244 bus:Director6 2022-04-01 2023-03-31 01370244 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-04-01 2023-03-31 01370244 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01370244 countries:EnglandWales 2022-04-01 2023-03-31 01370244 2022-03-31 01370244 core:CostValuation 2022-03-31 01370244 2021-04-01 2022-03-31 01370244 2022-03-31 01370244 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-03-31 01370244 core:RetainedEarningsAccumulatedLosses 2022-03-31 01370244 core:ShareCapital 2022-03-31 01370244 core:CurrentFinancialInstruments 2022-03-31 01370244 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01370244

Willow Lawn Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Willow Lawn Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Willow Lawn Limited

Company Information

Directors

Sylvia Sowter

Sarah Dymond

Erica Margaret Lonergan

Colin James Gurton

John Derek Sallaway

Company secretary

Sylvia Sowter

Registered office

10 Larch Avenue
Cheadle Hulme
Cheadle
SK8 6HS

Accountants

The Moffatts Partnership LLP
Suite 1.1, First Floor
Jackson House
Sibson Road
Sale
M33 7RR

 

Willow Lawn Limited

(Registration number: 01370244)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

5,265

5,265

Investments

5

-

60

 

5,265

5,325

Current assets

 

Debtors

6

75

220

Cash at bank and in hand

 

392

313

 

467

533

Creditors: Amounts falling due within one year

7

(420)

(390)

Net current assets

 

47

143

Net assets

 

5,312

5,468

Capital and reserves

 

Called up share capital

8

14

14

Retained earnings

5,298

5,454

Shareholders' funds

 

5,312

5,468

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Willow Lawn Limited

(Registration number: 01370244)
Balance Sheet as at 31 March 2023

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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 October 2023 and signed on its behalf by:
 

.........................................
Sylvia Sowter
Company secretary and director

   
     
 

Willow Lawn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Larch Avenue
Cheadle Hulme
Cheadle
SK8 6HS
England

These financial statements were authorised for issue by the Board on 20 October 2023.

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis on preparing its financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Willow Lawn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Government grants

Government grants are recognised under the accrual model. Income is recognised in the same period that the related expenditure the grant is intended to compensate is incurred.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

Willow Lawn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

4

Investment properties

2023
£

At 1 April

5,265

At 31 March

5,265

There has been no valuation of investment property by an independent valuer.

5

Investments

Subsidiaries

£

Cost or valuation

At 1 April 2022

60

Disposals

(60)

At 31 March 2023

-

Provision

Carrying amount

At 31 March 2023

-

At 31 March 2022

60

6

Debtors

2023
£

2022
£

Trade debtors

75

220

75

220

 

Willow Lawn Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Creditors

2023
£

2022
£

Due within one year

Accruals and deferred income

420

390

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

14

14

14

14