IRIS Accounts Production v24.3.2.46 08951220 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 true false true false false true false 15182 15182 1226303 164022 1047099 15182 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089512202023-03-31089512202024-03-31089512202023-04-012024-03-31089512202022-03-31089512202022-04-012023-03-31089512202023-03-3108951220ns15:EnglandWales2023-04-012024-03-3108951220ns14:PoundSterling2023-04-012024-03-3108951220ns10:Director12023-04-012024-03-3108951220ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108951220ns10:SmallEntities2023-04-012024-03-3108951220ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108951220ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108951220ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108951220ns10:FullAccounts2023-04-012024-03-3108951220ns10:Director2422023-03-3108951220ns10:Director2422022-03-3108951220ns10:Director2422023-04-012024-03-3108951220ns10:Director2422024-03-3108951220ns10:Director2422023-03-3108951220ns10:Director22023-04-012024-03-3108951220ns10:CompanySecretary12023-04-012024-03-3108951220ns10:RegisteredOffice2023-04-012024-03-3108951220ns5:CurrentFinancialInstruments2024-03-3108951220ns5:CurrentFinancialInstruments2023-03-3108951220ns5:ShareCapital2024-03-3108951220ns5:ShareCapital2023-03-3108951220ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3108951220ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3108951220ns5:RetainedEarningsAccumulatedLosses2024-03-3108951220ns5:RetainedEarningsAccumulatedLosses2023-03-3108951220ns5:CostValuation2023-03-3108951220ns5:Subsidiary12023-04-012024-03-31089512201ns5:Subsidiary12023-04-012024-03-3108951220ns5:Subsidiary12024-03-3108951220ns5:Subsidiary12023-03-3108951220ns5:Subsidiary12022-04-012023-03-3108951220ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108951220ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31089512201ns10:Director12023-03-31089512201ns10:Director12022-03-31089512201ns10:Director12023-04-012024-03-31089512201ns10:Director12022-04-012023-03-31089512201ns10:Director12024-03-31089512201ns10:Director12023-03-31
REGISTERED NUMBER: 08951220 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Willoughby 395 (EBK) Limited

Willoughby 395 (EBK) Limited (Registered number: 08951220)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Willoughby 395 (EBK) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C A Butterfield FCA
J M Butterfield





SECRETARY: J M Butterfield





REGISTERED OFFICE: North Lodge Farm
Widmerpool Lane
Widmerpool
Nottingham
NG12 5QE





REGISTERED NUMBER: 08951220 (England and Wales)





ACCOUNTANTS: Mellor Oxland LLP
Hine House
25 Regent Street
Nottingham
Nottinghamshire
NG1 5BS

Willoughby 395 (EBK) Limited (Registered number: 08951220)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 10,916,100 10,916,100

CURRENT ASSETS
Debtors 5 2,143,259 590,719
Cash at bank 2,109,487 3,533,150
4,252,746 4,123,869
CREDITORS
Amounts falling due within one year 6 244,842 317,699
NET CURRENT ASSETS 4,007,904 3,806,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,924,004

14,722,270

CAPITAL AND RESERVES
Called up share capital 154 154
Other reserves 5,970,960 5,970,960
Retained earnings 8,952,890 8,751,156
14,924,004 14,722,270

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Willoughby 395 (EBK) Limited (Registered number: 08951220)

Balance Sheet - continued
31 March 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 15 January 2025 and were signed on its behalf by:





C A Butterfield FCA - Director


Willoughby 395 (EBK) Limited (Registered number: 08951220)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Willoughby 395 (EBK) Limited 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 as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Reserves
The directors have reviewed the reserves of the company. On the basis that the Other Reserves arising on the company's formation relate to the revaluation of the company's investments at that time, they consider it more appropriate that any subsequent revaluation increases or impairments of the investments should be reflected within that reserve, rather than Retained Earnings. These accounts have therefore been prepared on that basis and the appropriate adjustments reflected in the Statement of Changes in Equity.

3. EMPLOYEES AND DIRECTORS

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

Willoughby 395 (EBK) Limited (Registered number: 08951220)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS
Interest
Shares in in other
group participating Other
undertakings interests investments Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 100 10,815,000 101,000 10,916,100
NET BOOK VALUE
At 31 March 2024 100 10,815,000 101,000 10,916,100
At 31 March 2023 100 10,815,000 101,000 10,916,100


The company's investments at the Balance Sheet date in the share capital of companies include the following:

Willoughby 395NP Limited
Registered office: North Lodge Farm, Widmerpool Lane, Widmerpool, Nottingham NG12 5QE
Nature of business: Property development
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 100 100
Profit for the year - 94,457

Interest in associated companies is in respect of the company's holding of 50% of the ordinary share capital of Evenbrook Capital Partners Limited. The original cost to the company of those shares was £15,801,000.
The accounts of Evenbrook Capital Partners Limited at 31 March 2024 show aggregate capital and reserves of £25,965,000. After factoring in the appropriate adjustments in respect of deferred tax having been provided for at both company and subsidiary level, providing for asset realisation costs, applying the appropriate discount for this being a non-controlling shareholding, and making provision for a contractual employee profit scheme arrangement, the directors have arrived at the current value of the investment as noted above.
The other Investments are in respect of structured investment products, the value of which was not materially different from the initial cost at the year end date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,143,259 590,719

Willoughby 395 (EBK) Limited (Registered number: 08951220)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 100 100
Other creditors 244,742 317,599
244,842 317,699

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
C A Butterfield FCA and J M Butterfield
Balance outstanding at start of year (15,182 ) (15,182 )
Amounts advanced 1,226,303 -
Amounts repaid (164,022 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,047,099 (15,182 )

8. RELATED PARTY DISCLOSURES

Other creditors includes £156,028 (2023 £229,487) owed to Willoughby 395 Limited.

Debtors includes £318,203 (2023 £299,939) due from Mopane Investment Company Limited, of which C A Butterfield FCA, is a director, and £0 (2023 £108,186) due from a family member of the directors.

The above loans are all interest free and repayable on demand.

At the year end the company was owed £1,047,099 by its directors (2023 £15,182 owed to the directors). Interest has been paid at the official rate on the loan.