Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10009186 Mr Ian Follows Miss Lee-Anne Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10009186 2022-11-30 10009186 2023-11-30 10009186 2022-12-01 2023-11-30 10009186 frs-core:CurrentFinancialInstruments 2023-11-30 10009186 frs-core:Non-currentFinancialInstruments 2023-11-30 10009186 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-11-30 10009186 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 10009186 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-30 10009186 frs-core:ShareCapital 2023-11-30 10009186 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10009186 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10009186 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10009186 frs-bus:SmallEntities 2022-12-01 2023-11-30 10009186 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10009186 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10009186 frs-bus:Director1 2022-12-01 2023-11-30 10009186 frs-bus:Director2 2022-12-01 2023-11-30 10009186 frs-core:CurrentFinancialInstruments 9 2023-11-30 10009186 frs-countries:EnglandWales 2022-12-01 2023-11-30 10009186 2021-11-30 10009186 2022-11-30 10009186 2021-12-01 2022-11-30 10009186 frs-core:CurrentFinancialInstruments 2022-11-30 10009186 frs-core:Non-currentFinancialInstruments 2022-11-30 10009186 frs-core:ShareCapital 2022-11-30 10009186 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 10009186 frs-core:CurrentFinancialInstruments 9 2022-11-30
Registered number: 10009186
WILLOWS PROPERTIES LOWTON LTD
Unaudited Financial Statements
For The Year Ended 30 November 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10009186
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 263,944 263,944
Investments 26,000 26,000
289,944 289,944
CURRENT ASSETS
Debtors 4 72,628 57,719
Cash at bank and in hand 1,348 2,566
73,976 60,285
Creditors: Amounts Falling Due Within One Year 5 (7,100 ) (20,031 )
NET CURRENT ASSETS (LIABILITIES) 66,876 40,254
TOTAL ASSETS LESS CURRENT LIABILITIES 356,820 330,198
Creditors: Amounts Falling Due After More Than One Year 6 (314,227 ) (299,097 )
NET ASSETS 42,593 31,101
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 42,591 31,099
SHAREHOLDERS' FUNDS 42,593 31,101
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For the year ending 30 November 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.
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
Mr Ian Follows
Director
11th September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation
1.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
1.4. 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 year 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
1.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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3. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 December 2022 263,944
As at 30 November 2023 263,944
Net Book Value
As at 30 November 2023 263,944
As at 1 December 2022 263,944
4. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 264 186
Corporation tax recoverable assets 17,957 14,215
Directors' loan accounts 54,407 43,318
72,628 57,719
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Corporation tax 6,438 17,001
Accrued expenses 662 3,030
7,100 20,031
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors 314,227 299,097
314,227 299,097
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
8. Related Party Transactions
At the year end the company owed £314,227 to Workshop Equipment Supplies Limited, a company incorporated in England and Wales number 07424665 and controlled by Ian Follows, director of Willow Properties Lowton Limited. Miss Lee-Anne Wilson is also a shareholder of Workshop Equipment Supplies Limited and director of Willows Properties Lowton Limited. 
9. General Information
WILLOWS PROPERTIES LOWTON LTD is a private company, limited by shares, incorporated in England & Wales, registered number 10009186 . The registered office is The Old Police Station 82 High Street, Golborne, Warrington, Cheshire, WA3 3DA.
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