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REGISTERED NUMBER: 11770125 (England and Wales)















WILLOW DEVELOPMENTS (WALKINGTON) LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






WILLOW DEVELOPMENTS (WALKINGTON) LTD (REGISTERED NUMBER: 11770125)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

WILLOW DEVELOPMENTS (WALKINGTON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: W Butler
N L Palmer





SECRETARY:





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 11770125 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

WILLOW DEVELOPMENTS (WALKINGTON) LTD (REGISTERED NUMBER: 11770125)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Inventories 4 - 329,174
Debtors 5 425,198 10,545
Cash at bank 76,360 675
501,558 340,394
CREDITORS
Amounts falling due within one year 6 73,798 97,324
NET CURRENT ASSETS 427,760 243,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

427,760

243,070

CREDITORS
Amounts falling due after more than one
year

7

22,990

28,335
NET ASSETS 404,770 214,735

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 404,670 214,635
SHAREHOLDERS' FUNDS 404,770 214,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 DEVELOPMENTS (WALKINGTON) LTD (REGISTERED NUMBER: 11770125)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


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 1 May 2024 and were signed on its behalf by:




N L Palmer - Director



W Butler - Director


WILLOW DEVELOPMENTS (WALKINGTON) LTD (REGISTERED NUMBER: 11770125)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Willow Developments (Walkington) 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVENTORIES
2024 2023
£    £   
Work In Progress - 329,174

WILLOW DEVELOPMENTS (WALKINGTON) LTD (REGISTERED NUMBER: 11770125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 425,198 10,545

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,152
Taxation and social security 51,660 80,757
Other creditors 12,138 6,415
73,798 97,324

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 22,990 28,335

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank Loan 10,000 10,152

Amounts falling due between one and two years:
Bank Loans - 1-2 Years 10,000 10,000

Amounts falling due between two and five years:
Bank Loans - 2-5 Years 12,990 18,335

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 32,990 38,487

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

WILLOW DEVELOPMENTS (WALKINGTON) LTD (REGISTERED NUMBER: 11770125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

11. RELATED PARTY DISCLOSURES

During the year the company paid £4,710 (2023: £40,285) from Willow Developments (Howden) Ltd, a company controlled by W Butler and N Palmer common shareholders. At the year end £1,140(2023:£5,850) was outstanding.

During the year the company loaned £350,354(2023: £28,285) to Willow Luxury Retreats Limited, a company controlled by W Butler and N Palmer common shareholders. At the year end £376,638 (2023: £28,285) was outstanding.

During the year the company loaned £46,560 (2023: £Nil) to Willow Developments ( Camblesforth) Limited, a company controlled by W Butler and N Palmer common shareholders. At the year end £46,560 (2023: £Nil) was outstanding.

WILLOW DEVELOPMENTS (WALKINGTON) LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
WILLOW DEVELOPMENTS (WALKINGTON) LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


1 May 2024