REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 10 AUGUST 2023 TO 30 NOVEMBER 2024 |
FOR |
WILLOW TREE STRATEGIC LAND LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 10 AUGUST 2023 TO 30 NOVEMBER 2024 |
FOR |
WILLOW TREE STRATEGIC LAND LIMITED |
WILLOW TREE STRATEGIC LAND LIMITED (REGISTERED NUMBER: 15063409) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 10 AUGUST 2023 TO 30 NOVEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Accountants' Report | 5 |
WILLOW TREE STRATEGIC LAND LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 10 AUGUST 2023 TO 30 NOVEMBER 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants and Chartered Tax Advisers |
Batchworth Lock House |
99 Church Street |
Rickmansworth |
WD3 1JJ |
WILLOW TREE STRATEGIC LAND LIMITED (REGISTERED NUMBER: 15063409) |
BALANCE SHEET |
30 NOVEMBER 2024 |
Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
WILLOW TREE STRATEGIC LAND LIMITED (REGISTERED NUMBER: 15063409) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 10 AUGUST 2023 TO 30 NOVEMBER 2024 |
1. | STATUTORY INFORMATION |
Willow Tree Strategic Land Limited is a |
The company's functional and presentational currency is GBP. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going Concern |
The financial statements have been prepared on a going concern basis. The company has made a loss for the year and has net liabilities as at the balance sheet date. These conditions indicate the existence of a material uncertainty that may cast significant doubt on the company’s ability to continue as a going concern. |
However, the directors have considered the company’s current financial position, its expected cash flows, and support from its shareholders. Based on this assessment, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Taxation |
Taxation for the period 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 period 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 TREE STRATEGIC LAND LIMITED (REGISTERED NUMBER: 15063409) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 10 AUGUST 2023 TO 30 NOVEMBER 2024 |
2. | ACCOUNTING POLICIES - continued |
Debtors |
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. |
Cash and cash equivalents |
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
Creditors |
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related |
parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Amounts owed to group undertakings |
Other creditors |
6. | ULTIMATE CONTROLLING PARTY |
As at the balance sheet date, the immediate parent company is Harlequin New Homes Limited, which owns 60% of the issued share capital of the company. The consolidated financial statements are available from Lacemaker House, 5-7 Chapel Street, Marlow, Bucks SL7 3HN. The immediate parent company is owned by a number of individual shareholders. There is no single ultimate controlling party, as control is jointly exercised by the individual shareholders. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
WILLOW TREE STRATEGIC LAND LIMITED |
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 Balance Sheet. 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. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Willow Tree Strategic Land Limited for the period ended 30 November 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Willow Tree Strategic Land Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Willow Tree Strategic Land Limited and state those matters that we have agreed to state to the Board of Directors of Willow Tree Strategic Land Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Willow Tree Strategic Land Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Willow Tree Strategic Land Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Willow Tree Strategic Land Limited. You consider that Willow Tree Strategic Land Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Willow Tree Strategic Land 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 financial statements. |
Chartered Accountants and Chartered Tax Advisers |
Batchworth Lock House |
99 Church Street |
Rickmansworth |
WD3 1JJ |