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REGISTERED NUMBER: 05737500 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

SWEET PEA & WILLOW LONDON LIMITED

SWEET PEA & WILLOW LONDON LIMITED (REGISTERED NUMBER: 05737500)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWEET PEA & WILLOW LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M Dunton
Mrs J Dunton
A Dunton
W Hardy





SECRETARY: M Dunton





REGISTERED OFFICE: Unit 15
The Metro Centre
Isleworth
TW7 6NJ





REGISTERED NUMBER: 05737500 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

SWEET PEA & WILLOW LONDON LIMITED (REGISTERED NUMBER: 05737500)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,343 1,428,651

CURRENT ASSETS
Stocks 5 162,406 180,642
Debtors 6 2,259,990 600,806
Cash at bank 453,738 148,604
2,876,134 930,052
CREDITORS
Amounts falling due within one year 7 597,994 1,013,335
NET CURRENT ASSETS/(LIABILITIES) 2,278,140 (83,283 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,334,483

1,345,368

CREDITORS
Amounts falling due after more than one
year

8

(23,312

)

-

PROVISIONS FOR LIABILITIES (13,893 ) (31,945 )
NET ASSETS 2,297,278 1,313,423

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 - 525,000
Retained earnings 2,297,276 788,421
2,297,278 1,313,423

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.

SWEET PEA & WILLOW LONDON LIMITED (REGISTERED NUMBER: 05737500)

BALANCE SHEET - continued
31 MARCH 2023


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 19 December 2023 and were signed on its behalf by:





M Dunton - Director


SWEET PEA & WILLOW LONDON LIMITED (REGISTERED NUMBER: 05737500)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Sweet Pea & Willow London Limited 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.

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 receiived or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the annual ate of 25% on reducing balance in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 22 (2022 - 24 ) .

SWEET PEA & WILLOW LONDON LIMITED (REGISTERED NUMBER: 05737500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2022 1,259,311 96,304 25,415
Additions - - 1,797
Disposals (1,259,311 ) (96,304 ) -
At 31 March 2023 - - 27,212
DEPRECIATION
At 1 April 2022 - - 8,449
Charge for year - - 4,691
At 31 March 2023 - - 13,140
NET BOOK VALUE
At 31 March 2023 - - 14,072
At 31 March 2022 1,259,311 96,304 16,966

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022 220,924 62,955 1,664,909
Additions 292 - 2,089
Disposals - - (1,355,615 )
At 31 March 2023 221,216 62,955 311,383
DEPRECIATION
At 1 April 2022 205,148 22,661 236,258
Charge for year 4,017 10,074 18,782
At 31 March 2023 209,165 32,735 255,040
NET BOOK VALUE
At 31 March 2023 12,051 30,220 56,343
At 31 March 2022 15,776 40,294 1,428,651

5. STOCKS
2023 2022
£    £   
Stocks 162,406 180,642

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amts due from Payment Provider 132,776 114,528
Other debtors (1 ) (1 )
Directors' current accounts 404 30,247
Prepayments 31,364 12,546
164,543 157,320

SWEET PEA & WILLOW LONDON LIMITED (REGISTERED NUMBER: 05737500)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 2,095,447 443,486

Aggregate amounts 2,259,990 600,806

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,024 653,816
Trade creditors 29,371 145,608
Tax 353,861 -
Social security and other taxes 8,350 32,543
Pension liabiilities 1,719 1,804
VAT 165,649 122,785
Other creditors 24,093 48,461
Directors' current accounts 227 -
Accruals and deferred income 4,700 8,318
597,994 1,013,335

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,024 -
Bank loans - 2-5 years 13,288 -
23,312 -

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022 525,000
Revaluation reserve release (525,000 )

At 31 March 2023 -

10. RELATED PARTY DISCLOSURES

Dunton O'Neill Limited, a company under common control, owed £2,277,187 (2022- £443,486) to the Company at the balance sheet date. There are no speciifc terms relating to the repayment of this debt which is included in other debtors.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Dunton and J Dunton.

This was by virtue of their holding 100% of the issued share capital.