Acorah Software Products - Accounts Production 15.0.600 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12062681 Miss Emily Wills Mrs Lisa Wills Mr John Wills Miss Alice Wills Mr J Wills and Mrs L Wills true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12062681 2023-06-30 12062681 2024-06-30 12062681 2023-07-01 2024-06-30 12062681 frs-core:CurrentFinancialInstruments 2024-06-30 12062681 frs-core:ShareCapital 2024-06-30 12062681 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12062681 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12062681 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12062681 frs-bus:SmallEntities 2023-07-01 2024-06-30 12062681 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12062681 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12062681 1 2023-07-01 2024-06-30 12062681 frs-bus:Director1 2023-07-01 2024-06-30 12062681 frs-bus:Director1 2023-06-30 12062681 frs-bus:Director1 2024-06-30 12062681 frs-bus:Director2 2023-07-01 2024-06-30 12062681 frs-bus:Director2 2023-06-30 12062681 frs-bus:Director2 2024-06-30 12062681 frs-bus:Director3 2023-07-01 2024-06-30 12062681 frs-bus:Director3 2023-06-30 12062681 frs-bus:Director3 2024-06-30 12062681 frs-bus:Director4 2023-07-01 2024-06-30 12062681 frs-bus:Director4 2023-06-30 12062681 frs-bus:Director4 2024-06-30 12062681 frs-countries:NorthernIreland 2023-07-01 2024-06-30 12062681 2022-06-30 12062681 2023-06-30 12062681 2022-07-01 2023-06-30 12062681 frs-core:CurrentFinancialInstruments 2023-06-30 12062681 frs-core:ShareCapital 2023-06-30 12062681 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12062681
Wills Homes Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12062681
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 1,802,501 1,175,001
Cash at bank and in hand 48,516 2,560
1,851,017 1,177,561
Creditors: Amounts Falling Due Within One Year 6 (1,675,798 ) (1,177,971 )
NET CURRENT ASSETS (LIABILITIES) 175,219 (410 )
TOTAL ASSETS LESS CURRENT LIABILITIES 175,219 (410 )
NET ASSETS/(LIABILITIES) 175,219 (410 )
CAPITAL AND RESERVES
Called up share capital 7 400 400
Profit and Loss Account 174,819 (810 )
SHAREHOLDERS' FUNDS 175,219 (410)
Page 1
Page 2
For the year ending 30 June 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Emily Wills
Director
Mrs Lisa Wills
Director
Mr John Wills
Director
Miss Alice Wills
Director
14 August 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Wills Homes Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number 12062681 . The registered office is 27 Old Gloucester Street, London, WC1N 3AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Investments
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,802,501 1,175,001
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 57,928 -
Other taxes and social security 3,131 -
Accruals and deferred income 2,120 118,797
Directors' loan accounts 1,612,619 1,059,174
1,675,798 1,177,971
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 400 400
8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Miss Emily Wills 481,333 - - - 481,333
Mrs Lisa Wills 48,254 410,000 651,723 - 289,977
Mr John Wills 48,254 410,000 651,722 - 289,976
Miss Alice Wills 481,333 - 70,000 - 551,333
The above loan is unsecured, interest free, repayable on demand and ranks equally with other unsecured creditors of the company.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr J Wills and Mrs L Wills by virtue of their ownership of 100% of the issued share capital in the company.
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