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REGISTERED NUMBER: 02997278















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Willow Park (Stoke Golding) Limited

Willow Park (Stoke Golding) Limited (Registered number: 02997278)

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


Willow Park (Stoke Golding) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M S Watson
Mrs C Watson





REGISTERED OFFICE: 1 Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU





REGISTERED NUMBER: 02997278





ACCOUNTANTS: Geoff Cowley & Co Ltd
Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

Willow Park (Stoke Golding) Limited (Registered number: 02997278)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 852,458 821,516

CURRENT ASSETS
Debtors 5 8,887 -
Cash at bank 11,056 39,401
19,943 39,401
CREDITORS
Amounts falling due within one year 6 286,241 299,221
NET CURRENT LIABILITIES (266,298 ) (259,820 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,160

561,696

CREDITORS
Amounts falling due after more than one
year

7

(39,987

)

(14,586

)

PROVISIONS FOR LIABILITIES (5,918 ) (6,119 )
NET ASSETS 540,255 540,991

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 45,700 45,700
Revaluation reserve 8 338,089 338,089
Retained earnings 156,366 157,102
SHAREHOLDERS' FUNDS 540,255 540,991

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.

Willow Park (Stoke Golding) Limited (Registered number: 02997278)

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 3 July 2024 and were signed on its behalf by:





M S Watson - Director


Willow Park (Stoke Golding) Limited (Registered number: 02997278)

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


1. STATUTORY INFORMATION

Willow Park (Stoke Golding) Limited is a private company, limited by shares , registered in Not specified/Other. 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
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 - 20% on cost
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Willow Park (Stoke Golding) Limited (Registered number: 02997278)

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


4. TANGIBLE FIXED ASSETS
Land at
Freehold Willow Plant and
property Park machinery
£    £    £   
COST OR VALUATION
At 1 April 2023 359,295 396,597 193,387
Additions - - 14,380
At 31 March 2024 359,295 396,597 207,767
DEPRECIATION
At 1 April 2023 - - 135,173
Charge for year - - 23,870
At 31 March 2024 - - 159,043
NET BOOK VALUE
At 31 March 2024 359,295 396,597 48,724
At 31 March 2023 359,295 396,597 58,214

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 4,300 27,133 980,712
Additions - 56,666 71,046
At 31 March 2024 4,300 83,799 1,051,758
DEPRECIATION
At 1 April 2023 1,720 22,303 159,196
Charge for year 860 15,374 40,104
At 31 March 2024 2,580 37,677 199,300
NET BOOK VALUE
At 31 March 2024 1,720 46,122 852,458
At 31 March 2023 2,580 4,830 821,516

Willow Park (Stoke Golding) Limited (Registered number: 02997278)

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


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Land at
Freehold Willow Plant and
property Park machinery
£    £    £   
Valuation in 2014 301,206 330,705 107,532
Valuation in 2015 58,089 - (4,250 )
Valuation in 2016 - 10,000 8,730
Valuation in 2017 - - (100 )
Valuation in 2018 - 33,732 5,515
Valuation in 2019 - - 8,220
Valuation in 2020 - - 10,995
Valuation in 2021 - - 37,795
Valuation in 2022 - - (19,950 )
Valuation in 2023 - 22,160 53,280
359,295 396,597 207,767

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Valuation in 2014 - - 739,443
Valuation in 2015 - 20,367 74,206
Valuation in 2016 - - 18,730
Valuation in 2017 - - (100 )
Valuation in 2018 - 6,766 46,013
Valuation in 2019 - - 8,220
Valuation in 2020 - - 10,995
Valuation in 2021 - - 37,795
Valuation in 2022 4,300 - (15,650 )
Valuation in 2023 - 56,666 132,106
4,300 83,799 1,051,758

Willow Park (Stoke Golding) Limited (Registered number: 02997278)

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


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 15,686
DEPRECIATION
At 1 April 2023
and 31 March 2024 15,686
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 8,887 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security - 1,228
Other creditors 286,241 297,993
286,241 299,221

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 10,237 14,586
Hire purchase contracts 29,750 -
39,987 14,586

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 338,089