Year Ended
Registration number:
Willoughby (481) Ltd
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Investments |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the Board on
.........................................
J S Lansdown
Director
Company Registration Number: 05097420
Willoughby (481) Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Group accounts not prepared
Going concern
The company was dormant and has not traded during the year. The directors are satisfied, having made all necessary enquiries, that the loans due to shareholders of £3,694,568 will not be required for repayment for the foreseeable future being at least greater than 12 months from the date of approval of these financial statements.
Investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.
The directors consider that the substance of the loan to group undertakings is such that the loans are deemed to be an effective equity stake. This view has been taken as the company does not expect repayment of the loan for the forseeable future or until the investment is sold. Accordingly the loan to the group undertaking is not retranslated on an annual basis.
Willoughby (481) Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 December 2023
Financial instruments
Classification
• Long term other loans
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Investments |
2023 |
2022 |
|
Investments in subsidiaries and participating interests |
|
|
Loans to group undertakings and participating interests |
2,342,095 |
2,342,095 |
|
|
Loans to group undertakings and participating interests
£ |
|
Cost or valuation |
|
At 1 January 2023 |
2,342,095 |
At 31 December 2023 |
2,342,095 |
Willoughby (481) Ltd
Notes to the Unaudited Financial Statements
Year Ended 31 December 2023
Loans and borrowings |
2023 |
2022 |
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Non-current loans and borrowings |
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Other borrowings |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
|
|
|
12 |
|
12 |