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REGISTERED NUMBER: 08333890 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Willson Grange Limited

Willson Grange Limited (Registered number: 08333890)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Willson Grange Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: S Willson





REGISTERED OFFICE: 30 Birkenhead Road
Hoylake
Wirral
Merseyside
CH47 3BW





REGISTERED NUMBER: 08333890 (England and Wales)





ACCOUNTANTS: Graham & Fisher Limited
T/A Grahams
Chartered Accountants
30 Birkenhead Road
Hoylake
Wirral
CH47 3BW

Willson Grange Limited (Registered number: 08333890)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 421,007 432,214

CURRENT ASSETS
Debtors 5 531,164 1,192,621
Cash at bank 137,013 31,924
668,177 1,224,545
CREDITORS
Amounts falling due within one year 6 543,855 473,922
NET CURRENT ASSETS 124,322 750,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

545,329

1,182,837

CREDITORS
Amounts falling due after more than one
year

7

(387,996

)

(428,797

)

PROVISIONS FOR LIABILITIES (71,233 ) (62,366 )
NET ASSETS 86,100 691,674

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 86,000 691,574
SHAREHOLDERS' FUNDS 86,100 691,674

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

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

The director acknowledges his 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.

Willson Grange Limited (Registered number: 08333890)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2024 and were signed by:





S Willson - Director


Willson Grange Limited (Registered number: 08333890)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Willson Grange 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on cost

Financial instruments
Included in creditors due in more than one year is a subordinated loan which is being used to meet the company's own funds requirement in line with the requirements of the FCA.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Willson Grange Limited (Registered number: 08333890)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 14 (2022 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 - 551,924 551,924
Additions 35,000 259,379 294,379
Disposals - (232,819 ) (232,819 )
At 31 December 2023 35,000 578,484 613,484
DEPRECIATION
At 1 January 2023 - 119,710 119,710
Charge for year 3,500 89,802 93,302
Eliminated on disposal - (20,535 ) (20,535 )
At 31 December 2023 3,500 188,977 192,477
NET BOOK VALUE
At 31 December 2023 31,500 389,507 421,007
At 31 December 2022 - 432,214 432,214

Willson Grange Limited (Registered number: 08333890)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 132,140
Additions 107,332
Disposals (82,140 )
At 31 December 2023 157,332
DEPRECIATION
At 1 January 2023 33,035
Charge for year 36,208
Eliminated on disposal (20,535 )
At 31 December 2023 48,708
NET BOOK VALUE
At 31 December 2023 108,624
At 31 December 2022 99,105

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 49,567 15,554
Other debtors 481,597 1,177,067
531,164 1,192,621

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 29,906 27,369
Hire purchase contracts 17,293 13,691
Trade creditors 22,644 15,158
Taxation and social security 60,230 189,356
Other creditors 413,782 228,348
543,855 473,922

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 32,679 62,585
Hire purchase contracts 110,833 98,949
Other creditors 244,484 267,263
387,996 428,797

Willson Grange Limited (Registered number: 08333890)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RELATED PARTY DISCLOSURES

As well as being the sole directors and a shareholder of the company, Mr S Willson is also a shareholder and director of Trend Investments Limited, Linartson Estates Limited, Willson Grange Wills & Estates Limited, Kolben Limited, Carnow Limited, Willson Grange Mortgages Ltd and Viking Racing Ltd..

During the year payments made by these related parties on behalf of the company totalled £33,159 (2022 - £1,180,781), and loans from them totalled £540,724 (2022 - £44,500). In addition £77,834 (2022 - £980,871) was paid on behalf of related parties and loans to them totalled £280,026 (2022 - £433,910). Finally £2,181 (2022 - £3,179) was received on behalf of related parties, £900 (2022 - £nil) was received by related parties on behalf of the company, management charges of £12,000 (2022 - £20,000) were invoiced to the company by related parties and assets were bought from related parties for £50,000 (2022 - £40,000).

A number of balances with related parties were written off as in the directors opinion they would not be recovered. The total amount of bad debts written off was £672,829

At the end of the year,

the amount due from related parties was £199,073 (2022 - £1,193,309) and the amount due from the director and the former director totalled £259,888, which is included in current assets.

the amount due to related parties was £35,218 (2022 - £18,721) which is included in creditors due within one year.