1 false false false false false false false false false false true false false false false true false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,570 30,780 32,350 32,350 1,570 xbrli:pure xbrli:shares iso4217:GBP 10623846 2023-08-01 2024-07-31 10623846 2024-07-31 10623846 2023-07-31 10623846 2022-08-01 2023-07-31 10623846 2023-07-31 10623846 2022-07-31 10623846 bus:Director1 2023-08-01 2024-07-31 10623846 core:WithinOneYear 2024-07-31 10623846 core:WithinOneYear 2023-07-31 10623846 core:ShareCapital 2024-07-31 10623846 core:ShareCapital 2023-07-31 10623846 core:RetainedEarningsAccumulatedLosses 2024-07-31 10623846 core:RetainedEarningsAccumulatedLosses 2023-07-31 10623846 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 10623846 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-07-31 10623846 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 10623846 core:Non-currentFinancialInstruments 2024-07-31 10623846 core:Non-currentFinancialInstruments 2023-07-31 10623846 bus:SmallEntities 2023-08-01 2024-07-31 10623846 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10623846 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10623846 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10623846 bus:FullAccounts 2023-08-01 2024-07-31
Little Willow Holdings Limited
Unaudited financial statements
31 July 2024
Company Registration Number 10623846
Little Willow Holdings Limited
Financial statements
year ended 31 July 2024
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
Little Willow Holdings Limited
Statement of financial position
31 July 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
32,350
1,570
Current assets
Debtors
6
12,456
456
Cash at bank and in hand
266,417
245,551
---------
---------
278,873
246,007
Creditors: amounts falling due within one year
7
5,030
601
---------
---------
Net current assets
273,843
245,406
---------
---------
Total assets less current liabilities
306,193
246,976
---------
---------
Net assets
306,193
246,976
---------
---------
Capital and reserves
Called up share capital
1,501
1,501
Profit and loss account
304,692
245,475
---------
---------
Shareholders funds
306,193
246,976
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Little Willow Holdings Limited
Statement of financial position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 11 October 2024 , and are signed on behalf of the board by:
Mr M J Hall
Director
Company registration number: 10623846
Little Willow Holdings Limited
Notes to the financial statements
year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 28 Muston Road, Hunmanby, North Yorkshire, YO14 0JY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Investments
Shares in group undertakings
£
Cost
At 1 August 2023
1,570
Additions
30,780
--------
At 31 July 2024
32,350
--------
Impairment
At 1 August 2023 and 31 July 2024
--------
Carrying amount
At 31 July 2024
32,350
--------
At 31 July 2023
1,570
--------
The company's investments at the balance sheet date in the share capital of companies include the following:
Name Class of shares holding %
John Hall Engineering Limited ordinary 100
Yellowtree Limited ordinary 100
6. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
12,456
456
--------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,914
71
Corporation tax
3,116
35
Other creditors
495
-------
----
5,030
601
-------
----