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REGISTERED NUMBER: 10846691 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

M & A @ Willow Park Ltd

M & A @ Willow Park Ltd (Registered number: 10846691)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M & A @ Willow Park Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M D Renwick





REGISTERED OFFICE: Willow Park Fishery
Youngs Drive
Aldershot
Hampshire
GU12 6RE





REGISTERED NUMBER: 10846691 (England and Wales)





ACCOUNTANTS: Sumner & Moore Limited
The Studio
2 Borelli Yard
Farnham
Surrey
GU9 7NU

M & A @ Willow Park Ltd (Registered number: 10846691)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,687 21,187
Tangible assets 5 1,176,073 1,164,784
1,192,760 1,185,971

CURRENT ASSETS
Stocks 86,758 84,943
Debtors 6 12,742 11,096
Cash at bank 5,004 17,937
104,504 113,976
CREDITORS
Amounts falling due within one year 7 237,370 208,465
NET CURRENT LIABILITIES (132,866 ) (94,489 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,059,894

1,091,482

CREDITORS
Amounts falling due after more than one
year

8

(682,049

)

(817,793

)

PROVISIONS FOR LIABILITIES (3,985 ) (733 )
NET ASSETS 373,860 272,956

CAPITAL AND RESERVES
Called up share capital 200 100
Retained earnings 373,660 272,856
373,860 272,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

M & A @ Willow Park Ltd (Registered number: 10846691)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 25 September 2024 and were signed by:





M D Renwick - Director


M & A @ Willow Park Ltd (Registered number: 10846691)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

M & A @ Willow Park Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

M & A @ Willow Park Ltd (Registered number: 10846691)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 45,000
AMORTISATION
At 1 January 2023 23,813
Charge for year 4,500
At 31 December 2023 28,313
NET BOOK VALUE
At 31 December 2023 16,687
At 31 December 2022 21,187

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,159,894 28,289 1,188,183
Additions - 16,833 16,833
At 31 December 2023 1,159,894 45,122 1,205,016
DEPRECIATION
At 1 January 2023 - 23,399 23,399
Charge for year - 5,544 5,544
At 31 December 2023 - 28,943 28,943
NET BOOK VALUE
At 31 December 2023 1,159,894 16,179 1,176,073
At 31 December 2022 1,159,894 4,890 1,164,784

M & A @ Willow Park Ltd (Registered number: 10846691)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 9,714 8,306
Other debtors 3,028 2,790
12,742 11,096

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 53,471 49,529
Trade creditors 9,449 6,828
Taxation and social security 54,454 54,197
Other creditors 119,996 97,911
237,370 208,465

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 442,573 478,317
Other creditors 239,476 339,476
682,049 817,793

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 198,345 263,094
Other loans more 5yrs instal 103,492 203,492
301,837 466,586

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 496,044 527,846

The bank loan is secured by way of a legal mortgage over the company's assets. Interest is charged at the rate of 2.54% over Bank of England Base Rate. The loan is repayable over 15 years.

10. RELATED PARTY DISCLOSURES

The company has a loan from M & A Transport Services 2008 Limited, a company in which this company's director Mr M Renwick is a director and shareholders. The loan is interest free and no fixed repayment terms have been agreed. The balance outstanding at the year end £273,472.