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Company Registration No. 11180733 (England and Wales)
Willow Tree Capital Limited Unaudited accounts for the year ended 31 January 2023
Willow Tree Capital Limited Unaudited accounts Contents
Page
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Willow Tree Capital Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
755 
1,169 
Current assets
Debtors
14,915 
13,050 
Cash at bank and in hand
17,480 
28,037 
32,395 
41,087 
Creditors: amounts falling due within one year
(23,608)
(41,679)
Net current assets/(liabilities)
8,787 
(592)
Total assets less current liabilities
9,542 
577 
Provisions for liabilities
Deferred tax
(143)
(222)
Net assets
9,399 
355 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,299 
255 
Shareholders' funds
9,399 
355 
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 May 2023 and were signed on its behalf by
A Hayes-Newington Director Company Registration No. 11180733
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Willow Tree Capital Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Willow Tree Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 11180733. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25-33% straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Government grants received in response to the Covid-19 crisis are credited to the profit and loss account in the period in which the company became entitled to receive them.
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Willow Tree Capital Limited Notes to the Accounts for the year ended 31 January 2023
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
117 
3,739 
3,856 
Additions
- 
615 
615 
Disposals
- 
(667)
(667)
At 31 January 2023
117 
3,687 
3,804 
Depreciation
At 1 February 2022
33 
2,654 
2,687 
Charge for the year
29 
575 
604 
On disposals
- 
(242)
(242)
At 31 January 2023
62 
2,987 
3,049 
Net book value
At 31 January 2023
55 
700 
755 
At 31 January 2022
84 
1,085 
1,169 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,088 
- 
Accrued income and prepayments
1,548 
- 
Other debtors
10,279 
13,050 
14,915 
13,050 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,421 
- 
Taxes and social security
20,698 
39,658 
Loans from directors
- 
610 
Accruals
1,489 
1,411 
23,608 
41,679 
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Willow Tree Capital Limited Notes to the Accounts for the year ended 31 January 2023
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
A Hayes-Newington
Interest free loan, repayable on demand
12,972 
6,150 
13,284 
5,838 
Mrs A Hayes-Newington
Interest free loan, repayable on demand
- 
4,441 
- 
4,441 
12,972 
10,591 
13,284 
10,279 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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