Registered number
12364420
Willow Court Property Management Ltd
Filleted Accounts
31 December 2024
Willow Court Property Management Ltd
Registered number: 12364420
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 - 6,449
Cash at bank and in hand 691 -
691 6,449
Creditors: amounts falling due within one year 4 (541) (6,684)
Net current assets/(liabilities) 150 (235)
Net assets/(liabilities) 150 (235)
Capital and reserves
Called up share capital 5 5
Profit and loss account 145 (240)
Shareholders' funds 150 (235)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Willis
Director
Approved by the board on 25 February 2025
Willow Court Property Management Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The company is a mutual organisation being an association of shared property owners.
All income is derived from the residents and is paid towards the maintenance of the property with assocviated administrative costs.
As such it is does not have any taxable income and so is not currently subject to corporation tax.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Other debtors - 6,449
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 6,444
Other creditors 541 240
541 6,684
5 Other information
Willow Court Property Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Willow Court
Shouldham
King's Lynn
Norfolk
PE33 0BQ
Willow Court Property Management Ltd 12364420 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2024 D Willis No description of principal activity 12364420 2023-01-01 2023-12-31 12364420 core:WithinOneYear 2023-12-31 12364420 core:ShareCapital 2023-12-31 12364420 core:RetainedEarningsAccumulatedLosses 2023-12-31 12364420 2024-01-01 2024-12-31 12364420 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12364420 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12364420 bus:Director40 2024-01-01 2024-12-31 12364420 1 2024-01-01 2024-12-31 12364420 2 2024-01-01 2024-12-31 12364420 countries:England 2024-01-01 2024-12-31 12364420 bus:FRS102 2024-01-01 2024-12-31 12364420 bus:FilletedAccounts 2024-01-01 2024-12-31 12364420 2024-12-31 12364420 core:WithinOneYear 2024-12-31 12364420 core:ShareCapital 2024-12-31 12364420 core:RetainedEarningsAccumulatedLosses 2024-12-31 12364420 2023-12-31 iso4217:GBP xbrli:pure