Willoughby (481) Ltd 05097420 true 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is dormant as the company does not trade. Digita Accounts Production Advanced 6.30.9574.0 true A F Allen J S Lansdown false 05097420 2023-01-01 2023-12-31 05097420 2023-12-31 05097420 bus:OrdinaryShareClass1 2023-12-31 05097420 core:RetainedEarningsAccumulatedLosses 2023-12-31 05097420 core:ShareCapital 2023-12-31 05097420 core:Non-currentFinancialInstruments 2023-12-31 05097420 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 05097420 bus:FRS102 2023-01-01 2023-12-31 05097420 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05097420 bus:FullAccounts 2023-01-01 2023-12-31 05097420 bus:RegisteredOffice 2023-01-01 2023-12-31 05097420 bus:Director1 2023-01-01 2023-12-31 05097420 bus:Director2 2023-01-01 2023-12-31 05097420 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 05097420 bus:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 05097420 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05097420 countries:AllCountries 2023-01-01 2023-12-31 05097420 2022-12-31 05097420 bus:OrdinaryShareClass1 2022-12-31 05097420 core:RetainedEarningsAccumulatedLosses 2022-12-31 05097420 core:ShareCapital 2022-12-31 05097420 core:Non-currentFinancialInstruments 2022-12-31 05097420 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Willoughby (481) Ltd

Annual Report and Unaudited Financial Statements
Year Ended 31 December 2023

Registration number: 05097420

 

Willoughby (481) Ltd

Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

3

2,342,139

2,342,139

Creditors: Amounts falling due after more than one year

(3,694,568)

(3,694,568)

Net liabilities

 

(1,352,429)

(1,352,429)

Capital and reserves

 

Called up share capital

5

12

12

Profit and loss account

(1,352,441)

(1,352,441)

Shareholders' deficit

 

(1,352,429)

(1,352,429)

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 17 September 2024 and signed on its behalf by:
 

.........................................

J S Lansdown

Director

Company Registration Number: 05097420

 

Willoughby (481) Ltd

Notes to the Unaudited Financial Statements

Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
66 Ashton Road
Bristol
BS3 2EJ

These financial statements were authorised for issue by the Board on 17 September 2024.

2

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

The company has taken advantage of the exemption available in section 400 of the Companies Act 2006 and has not prepared group accounts. These financial statements present information about the company as an individual undertaking and not about its group..

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
The company holds the following financial instruments:

• Long term other loans

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

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.

 

3

Investments

2023
£

2022
£

Investments in subsidiaries and participating interests

44

44

Loans to group undertakings and participating interests

2,342,095

2,342,095

2,342,139

2,342,139

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

4

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

3,694,568

3,694,568

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

12

12

12

12