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REGISTERED NUMBER: 04332001 (England and Wales)














Financial Statements for the Year Ended 31 March 2024

for

Willsave Limited

Willsave Limited (Registered number: 04332001)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Willsave Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A W Tyler
Ms C A Heikkila
Ms C C Low





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 04332001 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Willsave Limited (Registered number: 04332001)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,816 2,260
Investment property 5 778,902 778,902
780,718 781,162

CURRENT ASSETS
Debtors 6 - 2,938
Cash at bank 29,576 59,371
29,576 62,309
CREDITORS
Amounts falling due within one year 7 550,878 595,729
NET CURRENT LIABILITIES (521,302 ) (533,420 )
TOTAL ASSETS LESS CURRENT LIABILITIES 259,416 247,742

CAPITAL AND RESERVES
Called up share capital 50 50
Revaluation reserve 8 150,000 150,000
Retained earnings 109,366 97,692
SHAREHOLDERS' FUNDS 259,416 247,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Willsave Limited (Registered number: 04332001)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr A W Tyler - Director


Willsave Limited (Registered number: 04332001)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Willsave 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

Willsave Limited (Registered number: 04332001)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 8,937 1,515 10,452
DEPRECIATION
At 1 April 2023 7,726 466 8,192
Charge for year 182 262 444
At 31 March 2024 7,908 728 8,636
NET BOOK VALUE
At 31 March 2024 1,029 787 1,816
At 31 March 2023 1,211 1,049 2,260

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 778,902
NET BOOK VALUE
At 31 March 2024 778,902
At 31 March 2023 778,902

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 2,325
Other debtors - 613
- 2,938

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 5,216 1,270
Other creditors 545,662 594,459
550,878 595,729

Willsave Limited (Registered number: 04332001)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 150,000

9. RELATED PARTIES

Key management personnel are the Directors of the company who are also shareholders. There is no one person with overall control.