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WILLOW TREE PROPERTIES SSM LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023






WILLOW TREE PROPERTIES SSM LTD (REGISTERED NUMBER: 11014889)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLOW TREE PROPERTIES SSM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: S Gwimbi
M S Brown





REGISTERED OFFICE: 20 Roakes Avenue
Addlestone
Surrey
KT15 2EZ





REGISTERED NUMBER: 11014889 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

WILLOW TREE PROPERTIES SSM LTD (REGISTERED NUMBER: 11014889)

BALANCE SHEET
31ST OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 518,000 518,000

CURRENT ASSETS
Debtors 6 3,123 3,123
Cash at bank 5,704 6,751
8,827 9,874
CREDITORS
Amounts falling due within one year 7 3,353 3,323
NET CURRENT ASSETS 5,474 6,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

523,474

524,551

CREDITORS
Amounts falling due after more than one
year

8

(473,316

)

(473,316

)

PROVISIONS FOR LIABILITIES (9,498 ) (9,735 )
NET ASSETS 40,660 41,500

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 40,650 41,490
SHAREHOLDERS' FUNDS 40,660 41,500

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 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 TREE PROPERTIES SSM LTD (REGISTERED NUMBER: 11014889)

BALANCE SHEET - continued
31ST OCTOBER 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 Board of Directors and authorised for issue on 15th October 2024 and were signed on its behalf by:





M S Brown - Director


WILLOW TREE PROPERTIES SSM LTD (REGISTERED NUMBER: 11014889)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Willow Tree Properties SSM 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

WILLOW TREE PROPERTIES SSM LTD (REGISTERED NUMBER: 11014889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2022
and 31st October 2023 518,000
NET BOOK VALUE
At 31st October 2023 518,000
At 31st October 2022 518,000

Fair value at 31st October 2023 is represented by:
£   
Valuation in 2022 518,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Tax 3,123 3,123

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Directors' current accounts 1,681 1,681
Accrued expenses 1,672 1,642
3,353 3,323

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans more 5 yrs non-inst 333,316 333,316
Directors' loan accounts 140,000 140,000
473,316 473,316

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 333,316 333,316

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £140,000 (2022 - £140,000) to S Gwimbi, a director of the company. The amount is repayable on 17th October 2029 and interest is payable at a rate of 0.5% per annum on the 17th October.

At the balance sheet date, the company owed £1,992 (2022 - £1,680) to M S Brown, a director and shareholder of the company. The amount is interest free and repayable on demand.