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REGISTERED NUMBER: 09075305 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

WILLOW HOUSE ESTATES LIMITED

WILLOW HOUSE ESTATES LIMITED (REGISTERED NUMBER: 09075305)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLOW HOUSE ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







Directors: Mrs C Tomlinson
Mr G Tomlinson





Registered office: 10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP





Registered number: 09075305 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

WILLOW HOUSE ESTATES LIMITED (REGISTERED NUMBER: 09075305)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £ £
Fixed assets
Investment property 4 749,554 938,061
Investments 5 3,832,523 3,988,734
4,582,077 4,926,795

Current assets
Debtors 6 4,882 511
Cash at bank 365,982 345,530
370,864 346,041
Creditors
Amounts falling due within one year 7 (4,070,415 ) (4,376,669 )
Net current liabilities (3,699,551 ) (4,030,628 )
Total assets less current liabilities 882,526 896,167

Provisions for liabilities 8 - (10,155 )
Net assets 882,526 886,012

Capital and reserves
Called up share capital 9 6,002 6,002
Fair value reserve 10 (19,317 ) 24,193
Retained earnings 895,841 855,817
Shareholders' funds 882,526 886,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

WILLOW HOUSE ESTATES LIMITED (REGISTERED NUMBER: 09075305)

BALANCE SHEET - continued
30 JUNE 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 17 January 2024 and were signed on its behalf by:





Mrs C Tomlinson - Director


WILLOW HOUSE ESTATES LIMITED (REGISTERED NUMBER: 09075305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Willow House Estates 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 as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents rents receivable from investment properties during the period.

Investments
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The directors have considered the fair value of investment property at the reporting date to be £938,061. This fair value has been calculated based historic purchase price and review of trends in the property market. No professional valuation has been obtained, the methods and significant assumptions applied in determining the fair value of the investment property include consideration into; property market trends local to the investment property, recent property sales local to the investment property, rental yield of the property and the condition of the property.

Listed investments are measured at fair value with changes in fair value being recognised in the statement of comprehensive income.

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.

3. EMPLOYEES AND DIRECTORS

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

WILLOW HOUSE ESTATES LIMITED (REGISTERED NUMBER: 09075305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. INVESTMENT PROPERTY
Freehold
land
£
Cost
At 1 July 2022 938,061
Disposals (188,507 )
At 30 June 2023 749,554
Net book value
At 30 June 2023 749,554
At 30 June 2022 938,061

The investment property values were revised at the balance sheet date at an open market value.

5. FIXED ASSET INVESTMENTS
Listed
investments
£
Cost or valuation
At 1 July 2022 3,988,734
Revaluations (156,211 )
At 30 June 2023 3,832,523
Net book value
At 30 June 2023 3,832,523
At 30 June 2022 3,988,734

Cost or valuation at 30 June 2023 is represented by:

Listed
investments
£
Valuation in 2023 3,832,523

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Deferred tax asset 4,348 -
Prepayments and accrued income 534 511
4,882 511

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Tax 500 59,679
Accruals and deferred income 5,001 5,093
Directors' loan accounts 4,064,914 4,311,897
4,070,415 4,376,669

WILLOW HOUSE ESTATES LIMITED (REGISTERED NUMBER: 09075305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. PROVISIONS FOR LIABILITIES
2022
£
Deferred tax 10,155

Deferred tax
£
Balance at 1 July 2022 10,155
Provided during year (14,503 )
Charge during the year
Balance at 30 June 2023 (4,348 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 A Ordinary £1 2 2
6,000 B Ordinary £1 6,000 6,000
6,002 6,002

10. RESERVES
Fair value
reserve
£
At 1 July 2022 24,193
Reserve transfers (43,510 )

At 30 June 2023 (19,317 )

11. RELATED PARTY TRANSACTIONS

The company was under the control of the directors and shareholders.

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£ £
Mr G Tomlinson and Mrs C Tomlinson
Balance outstanding at start of year (4,311,897 ) (4,386,897 )
Amounts advanced 246,983 155,000
Amounts repaid - (80,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,064,914 ) (4,311,897 )