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COMPANY REGISTRATION NUMBER: 06046103
Willow Residential Care Limited
Filleted Unaudited Financial Statements
30 April 2024
Willow Residential Care Limited
Financial Statements
Year ended 30 April 2024
Contents
Pages
Statement of financial position and the notes to the financial statements
1 to 2
Notes to the financial statements
3 to 5
Willow Residential Care Limited
Statement of Financial Position and the Notes to the Financial Statements
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
5,657
7,071
Investments
6
500,100
500,000
---------
---------
505,757
507,071
Current assets
Debtors
7
102,192
33,834
Cash at bank and in hand
56,072
36,580
---------
--------
158,264
70,414
Creditors: amounts falling due within one year
8
119,269
62,475
---------
--------
Net current assets
38,995
7,939
---------
---------
Total assets less current liabilities
544,752
515,010
Creditors: amounts falling due after more than one year
9
338,364
344,109
Provisions
Deferred tax
1,053
1,053
---------
---------
Net assets
205,335
169,848
---------
---------
Capital and reserves
Called up share capital
1,000
1
Profit and loss account
204,335
169,847
---------
---------
Shareholders funds
205,335
169,848
---------
---------
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 income statement has not been delivered.
For the year ending 30 April 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 .
Willow Residential Care Limited
Statement of Financial Position and the Notes to the Financial Statements (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 29 January 2025 , and are signed on behalf of the board by:
Navindra Jay Fowdar
Director
Company registration number: 06046103
Willow Residential Care Limited
Notes to the Financial Statements
Year ended 30 April 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 22 West Green Road, London, N15 5NN, United Kingdom.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
20% reducing balance
Fixtures & Fittings
-
20% reducing balance
Equipment
-
20% reducing balance
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 26 (2023: 21 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 May 2023 and 30 April 2024
61,260
9,125
9,734
80,119
--------
-------
-------
--------
Depreciation
At 1 May 2023
57,811
7,124
8,113
73,048
Charge for the year
690
400
324
1,414
--------
-------
-------
--------
At 30 April 2024
58,501
7,524
8,437
74,462
--------
-------
-------
--------
Carrying amount
At 30 April 2024
2,759
1,601
1,297
5,657
--------
-------
-------
--------
At 30 April 2023
3,449
2,001
1,621
7,071
--------
-------
-------
--------
6. Investments
Shares in group undertakings
Other loans
Total
£
£
£
Cost
At 1 May 2023
500,000
500,000
Additions
100
100
----
---------
---------
At 30 April 2024
100
500,000
500,100
----
---------
---------
Impairment
At 1 May 2023 and 30 April 2024
----
---------
---------
Carrying amount
At 30 April 2024
100
500,000
500,100
----
---------
---------
At 30 April 2023
500,000
500,000
----
---------
---------
7. Debtors
2024
2023
£
£
Trade debtors
16,336
11,544
Other debtors
85,856
22,290
---------
--------
102,192
33,834
---------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,010
5,862
Trade creditors
91,459
34,327
Corporation tax
8,007
13,569
Social security and other taxes
1,793
6,549
Other creditors
12,000
2,168
---------
--------
119,269
62,475
---------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
338,364
344,109
---------
---------