IRIS Accounts Production v24.2.0.383 09762253 Board of Directors Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 B Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097622532022-11-30097622532023-11-30097622532022-12-012023-11-30097622532021-11-30097622532021-12-012022-11-30097622532022-11-3009762253ns15:EnglandWales2022-12-012023-11-3009762253ns14:PoundSterling2022-12-012023-11-3009762253ns10:Director12022-12-012023-11-3009762253ns10:Director22022-12-012023-11-3009762253ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3009762253ns10:SmallEntities2022-12-012023-11-3009762253ns10:AuditExemptWithAccountantsReport2022-12-012023-11-3009762253ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3009762253ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3009762253ns10:FullAccounts2022-12-012023-11-3009762253ns10:OrdinaryShareClass12022-12-012023-11-3009762253ns10:OrdinaryShareClass22022-12-012023-11-3009762253ns10:CompanySecretary12022-12-012023-11-3009762253ns10:RegisteredOffice2022-12-012023-11-3009762253ns5:CurrentFinancialInstruments2023-11-3009762253ns5:CurrentFinancialInstruments2022-11-3009762253ns5:Non-currentFinancialInstruments2023-11-3009762253ns5:Non-currentFinancialInstruments2022-11-3009762253ns5:ShareCapital2023-11-3009762253ns5:ShareCapital2022-11-3009762253ns5:RetainedEarningsAccumulatedLosses2023-11-3009762253ns5:RetainedEarningsAccumulatedLosses2022-11-3009762253ns5:PlantMachinery2022-12-012023-11-3009762253ns5:FurnitureFittings2022-12-012023-11-3009762253ns5:MotorVehicles2022-12-012023-11-3009762253ns5:ComputerEquipment2022-12-012023-11-3009762253ns5:PlantMachinery2022-11-3009762253ns5:FurnitureFittings2022-11-3009762253ns5:MotorVehicles2022-11-3009762253ns5:ComputerEquipment2022-11-3009762253ns5:PlantMachinery2023-11-3009762253ns5:FurnitureFittings2023-11-3009762253ns5:MotorVehicles2023-11-3009762253ns5:ComputerEquipment2023-11-3009762253ns5:PlantMachinery2022-11-3009762253ns5:FurnitureFittings2022-11-3009762253ns5:MotorVehicles2022-11-3009762253ns5:ComputerEquipment2022-11-3009762253ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-11-3009762253ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-3009762253ns5:LeasedAssetsHeldAsLessee2022-11-3009762253ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-3009762253ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-3009762253ns5:LeasedAssetsHeldAsLessee2023-11-3009762253ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-012023-11-3009762253ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-012023-11-3009762253ns5:LeasedAssetsHeldAsLessee2022-12-012023-11-3009762253ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-11-3009762253ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-3009762253ns5:LeasedAssetsHeldAsLessee2022-11-3009762253ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3009762253ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3009762253ns10:OrdinaryShareClass12023-11-3009762253ns10:OrdinaryShareClass22023-11-30097622531ns10:Director12022-11-30097622531ns10:Director12021-11-30097622531ns10:Director12022-12-012023-11-30097622531ns10:Director12021-12-012022-11-30097622531ns10:Director12023-11-30097622531ns10:Director12022-11-3009762253ns10:Director222022-11-3009762253ns10:Director222021-11-3009762253ns10:Director222022-12-012023-11-3009762253ns10:Director222021-12-012022-11-3009762253ns10:Director222023-11-3009762253ns10:Director222022-11-30
REGISTERED NUMBER: 09762253 (England and Wales)















WILLOW DEVELOPMENTS (HOWDEN) LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






WILLOW DEVELOPMENTS (HOWDEN) LTD (REGISTERED NUMBER: 09762253)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 9

WILLOW DEVELOPMENTS (HOWDEN) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: W Butler
N L Palmer





SECRETARY:





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





REGISTERED NUMBER: 09762253 (England and Wales)





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

WILLOW DEVELOPMENTS (HOWDEN) LTD (REGISTERED NUMBER: 09762253)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 125,616 153,444

CURRENT ASSETS
Inventories 5 395,000 595,000
Debtors 6 704,304 726,925
Cash at bank 43,281 21,770
1,142,585 1,343,695
CREDITORS
Amounts falling due within one year 7 605,972 471,507
NET CURRENT ASSETS 536,613 872,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

662,229

1,025,632

CREDITORS
Amounts falling due after more than one
year

8

5,223,762

4,776,523
NET LIABILITIES (4,561,533 ) (3,750,891 )

CAPITAL AND RESERVES
Called up share capital 10 60 60
Retained earnings (4,561,593 ) (3,750,951 )
SHAREHOLDERS' FUNDS (4,561,533 ) (3,750,891 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 DEVELOPMENTS (HOWDEN) LTD (REGISTERED NUMBER: 09762253)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 3 April 2024 and were signed on its behalf by:




N L Palmer - Director



W Butler - Director


WILLOW DEVELOPMENTS (HOWDEN) LTD (REGISTERED NUMBER: 09762253)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Willow Developments (Howden) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and Machinery - 20% on reducing balance
Fixtures and Fittings - 20% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 33% on reducing balance

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

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.

WILLOW DEVELOPMENTS (HOWDEN) LTD (REGISTERED NUMBER: 09762253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2022 - 12 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
Machinery Fittings Vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 233,882 6,023 87,209 6,395 333,509
Additions 14,436 - - - 14,436
Disposals (10,740 ) - - - (10,740 )
At 30 November 2023 237,578 6,023 87,209 6,395 337,205
DEPRECIATION
At 1 December 2022 111,400 4,294 59,466 4,905 180,065
Charge for year 23,928 346 6,936 493 31,703
Eliminated on disposal (179 ) - - - (179 )
At 30 November 2023 135,149 4,640 66,402 5,398 211,589
NET BOOK VALUE
At 30 November 2023 102,429 1,383 20,807 997 125,616
At 30 November 2022 122,482 1,729 27,743 1,490 153,444

WILLOW DEVELOPMENTS (HOWDEN) LTD (REGISTERED NUMBER: 09762253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
Machinery Vehicles Totals
£    £    £   
COST
At 1 December 2022 119,400 61,831 181,231
Transfer to ownership - (30,831 ) (30,831 )
At 30 November 2023 119,400 31,000 150,400
DEPRECIATION
At 1 December 2022 47,122 39,176 86,298
Charge for year 14,456 3,360 17,816
Transfer to ownership - (21,618 ) (21,618 )
At 30 November 2023 61,578 20,918 82,496
NET BOOK VALUE
At 30 November 2023 57,822 10,082 67,904
At 30 November 2022 72,278 22,655 94,933

5. INVENTORIES
2023 2022
£    £   
Stocks 220,000 440,000
Work In Progress 175,000 155,000
395,000 595,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,173 25,435
Other debtors 677,131 701,490
704,304 726,925

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 26,950 38,130
Trade creditors 144,095 220,671
Taxation and social security 416,178 193,278
Other creditors 8,749 9,428
605,972 471,507

WILLOW DEVELOPMENTS (HOWDEN) LTD (REGISTERED NUMBER: 09762253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 30,933 36,415
Hire purchase contracts 25,779 52,729
Other creditors 5,167,050 4,687,379
5,223,762 4,776,523

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans - 1 - 2 years 5,167,050 4,687,379

Crystal Investment Holdings Limited holds a floating charge on 24 and 26 Bridgegate, Howden, Goole, DN14 7AB registered under the title number YEA74812. Registered on 1st July 2016.

Crystal Investment Holdings Limited holds a fixed and floating charge on 2 Westfield House, Main Road, Drax, Selby registered under title Number NYK318159. Leat House, 71 Welham Road, Norton, Malton, YO17 9DS registered under the title numbers NYK129899 and NYK417157. Registered on 15th November 2017.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 50 50
10 B Ordinary £1 10 10
60 60

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
N L Palmer
Balance outstanding at start of year 86,454 83,252
Amounts advanced 1,802 3,202
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 88,256 86,454

WILLOW DEVELOPMENTS (HOWDEN) LTD (REGISTERED NUMBER: 09762253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

W Butler
Balance outstanding at start of year 95,516 91,474
Amounts advanced 1,970 4,042
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 97,486 95,516

12. RELATED PARTY DISCLOSURES

During the year the company repaid £19,064 (2022:£155,277) to Willow Luxury Retreats Ltd, a company controlled by W Butler and N Palmer, common shareholders. At the year end £351,294 (2022:£370,358) was outstanding.

During the year the company loaned £390 (2022: £114) to Willow Developments Drax management Company Ltd, a company controlled by W Butler and N Palmer, common shareholders. At the year end £602 (2022:£567) was outstanding.

During the year the company loaned £390 (2022: £NIL) to Willow Developments Drax management Company Ltd, a company controlled by W Butler and N Palmer, common shareholders. At the year end £1054 (2022:£114) was outstanding.

During the year the company loaned £NIL (2022: £NIL) to Willow Developments North Ltd, a company controlled by W Butler and N Palmer, common shareholders. At the year end £409 (2022:£409) was outstanding.

During the year the company was repaid £23,010 (2022: £9,685) from Willow Developments Walkington Ltd, a company controlled by W Butler and N Palmer, common shareholders. At the year end £12,440 (2022:£35,450) was outstanding.

During the year the company was loaned £7,354 (2022: £20,001) from Willow Developments Camblesforth Ltd, a company controlled by W Butler and N Palmer, common shareholders. At the year end £27,075 (2022:£19,721) was outstanding.

During the year the company loaned £1,000 (2022: £2,430) to Willow Developments Yorkshire Ltd, a company controlled by W Butler and N Palmer, common shareholders. At the year end £2,430 (2022:£1,430) was outstanding.

13. ULTIMATE CONTROLLING PARTY

The controlling party and the ultimate controlling party are not known.

WILLOW DEVELOPMENTS (HOWDEN) LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
WILLOW DEVELOPMENTS (HOWDEN) 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 30 November 2023 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


3 April 2024