Willowbrook Management Limited 02109823 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is The principal activity of the company continued to be the management of the property at Willowbrook, 10 Preston Road, Weymouth, which consists of 15 self contained flats let on long leases. Digita Accounts Production Advanced 6.30.9574.0 true 02109823 2024-01-01 2024-12-31 02109823 2024-12-31 02109823 bus:Director3 2024-12-31 02109823 core:RetainedEarningsAccumulatedLosses 2024-12-31 02109823 core:RevaluationReserve 2024-12-31 02109823 core:ShareCapital 2024-12-31 02109823 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 02109823 core:FurnitureFittingsToolsEquipment 2024-12-31 02109823 bus:SmallEntities 2024-01-01 2024-12-31 02109823 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02109823 bus:FullAccounts 2024-01-01 2024-12-31 02109823 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02109823 bus:RegisteredOffice 2024-01-01 2024-12-31 02109823 bus:Director1 2024-01-01 2024-12-31 02109823 bus:Director13 2024-01-01 2024-12-31 02109823 bus:Director3 2024-01-01 2024-12-31 02109823 bus:Director6 2024-01-01 2024-12-31 02109823 bus:Director7 2024-01-01 2024-12-31 02109823 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02109823 bus:Agent1 2024-01-01 2024-12-31 02109823 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 02109823 core:RevaluationReserve 2024-01-01 2024-12-31 02109823 core:ShareCapital 2024-01-01 2024-12-31 02109823 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 02109823 countries:EnglandWales 2024-01-01 2024-12-31 02109823 2023-12-31 02109823 core:RetainedEarningsAccumulatedLosses 2023-12-31 02109823 core:RevaluationReserve 2023-12-31 02109823 core:ShareCapital 2023-12-31 02109823 core:FurnitureFittingsToolsEquipment 2023-12-31 02109823 2023-01-01 2023-12-31 02109823 2023-12-31 02109823 core:RevaluationReserve core:PreviouslyStatedAmount 2023-12-31 02109823 core:ShareCapital core:PreviouslyStatedAmount 2023-12-31 02109823 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02109823 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-12-31 02109823 core:FurnitureFittingsToolsEquipment 2023-12-31 02109823 core:PreviouslyStatedAmount 2023-12-31 02109823 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 02109823 core:RevaluationReserve 2023-01-01 2023-12-31 02109823 core:ShareCapital 2023-01-01 2023-12-31 02109823 core:PreviouslyStatedAmount 2023-01-01 2023-12-31 02109823 2022-12-31 02109823 core:RetainedEarningsAccumulatedLosses 2022-12-31 02109823 core:RevaluationReserve 2022-12-31 02109823 core:ShareCapital 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 02109823

Willowbrook Management Limited

Annual Report and Unaudited Financial Statements Year Ended 31 December 2024

image-name

Chartered Accountants

 

Willowbrook Management Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 9

 

Willowbrook Management Limited

Company Information

Directors

Dr D J Alderman

Mrs L A Johnson

Mrs S R Dennehy

Ms A Middleton

Registered office

Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

Accountants

Edwards & Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Willowbrook Management Limited

Directors' Report
for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

Dr D J Alderman

P G Mclean (ceased 2 August 2024)

Mrs L A Johnson

Mrs S R Dennehy

Ms A Middleton

Principal activity

The principal activity of the company continued to be the management of the property at Willowbrook, 10 Preston Road, Weymouth, which consists of 15 self contained flats let on long leases.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 2 April 2025 and signed on its behalf by:

Mrs L A Johnson
Director

   
     
 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Willowbrook Management Limitedfor the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Willowbrook Management Limited for the year ended 31 December 2024 as set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Willowbrook Management Limited, as a body, in accordance with the terms of our engagement letter dated 7 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of Willowbrook Management Limited and state those matters that we have agreed to state to the Board of Directors of Willowbrook Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Willowbrook Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Willowbrook Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Willowbrook Management Limited. You consider that Willowbrook Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Willowbrook Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

3 April 2025

 

Willowbrook Management Limited

Profit and Loss Account
for the Year Ended 31 December 2024

2024
£

2023
£

Turnover

20,810

20,050

Administrative expenses

(18,462)

(22,173)

Operating surplus/(deficit)

2,348

(2,123)

Surplus/(deficit) before tax

2,348

(2,123)

Tax on surplus/(deficit)

-

-

Surplus/(deficit) for the financial year

2,348

(2,123)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Willowbrook Management Limited

(Registration number: 02109823)
Balance Sheet as at 31 December 2024

Note

2024
 

2023
 

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

810

 

1,620

Current assets

   

 

Debtors

5

2,000

 

2,154

 

Cash at bank and in hand

 

9,650

 

6,027

 

 

11,650

 

8,181

 

Creditors: Amounts falling due within one year

6

(2,030)

 

(1,719)

 

Net current assets

   

9,620

 

6,462

Net assets

   

10,430

 

8,082

Capital and reserves

   

 

Called up share capital

15

 

15

 

Property maintenance reserve

10,415

 

8,067

 

Total equity

   

10,430

 

8,082

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 2 April 2025 and signed on its behalf by:
 


Dr D J Alderman
Director


Ms A Middleton
Director


Mrs L A Johnson
Director


Mrs S R Dennehy
Director

     
 

Willowbrook Management Limited

Statement of Changes in Equity
for the Year Ended 31 December 2024

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 January 2024

15

8,067

-

8,082

Profit for the year

-

-

2,348

2,348

Transfers

-

2,348

(2,348)

-

At 31 December 2024

15

10,415

-

10,430

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 January 2023

15

10,190

-

10,205

Loss for the year

-

-

(2,123)

(2,123)

Transfers

-

(2,123)

2,123

-

At 31 December 2023

15

8,067

-

8,082

 

Willowbrook Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33.33% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from residents for services performed in the ordinary course of business.

 

Willowbrook Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0). The average number of directors on the board during the year was 5 (2023 - 5).

4

Tangible fixed assets

Furniture, fittings and equipment
 £

Total
£

Cost

At 1 January 2024

2,430

2,430

At 31 December 2024

2,430

2,430

Depreciation

At 1 January 2024

810

810

Charge for the year

810

810

At 31 December 2024

1,620

1,620

Carrying amount

At 31 December 2024

810

810

At 31 December 2023

1,620

1,620


 

The freehold property at Willowbrook, 10 Preston Road, Weymouth, was conveyed to the Company at no cost. The property is let under 15 long leases for 999 years from 1 January 1985.

5

Debtors

Current

2024
£

2023
£

Prepayments

2,000

2,154

 

2,000

2,154

 

Willowbrook Management Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 December 2024

6

Creditors

2024
£

2023
£

Due within one year

Trade creditors

1,425

1,260

Accruals

605

459

2,030

1,719