Company registration number 05348386 (England and Wales)
WILLOW ENTERPRISES S.E. LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
WILLOW ENTERPRISES S.E. LTD
COMPANY INFORMATION
Director
Mr K J Robinson
Secretary
Mr K J Robinson
Company number
05348386
Registered office
C/O Xeinadin South East Limited
Unit 68 Basepoint
Shearway Business Park
Folkestone
Kent
England
CT19 4RH
Accountants
Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
United Kingdom
ME10 5BH
WILLOW ENTERPRISES S.E. LTD
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
WILLOW ENTERPRISES S.E. LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 1 -
The director presents his annual report and financial statements for the year ended 28 February 2025.
Principal activities
The principal activity of the company continued to be that of property management.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
Mr K J Robinson
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr K J Robinson
Director
30 April 2025
WILLOW ENTERPRISES S.E. LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WILLOW ENTERPRISES S.E. LTD FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -
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 Enterprises S.E. Ltd for the year ended 28 February 2025 which comprise the profit and loss account, the 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 at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Willow Enterprises S.E. Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Willow Enterprises S.E. Ltd and state those matters that we have agreed to state to the board of directors of Willow Enterprises S.E. Ltd, 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 Willow Enterprises S.E. Ltd and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Willow Enterprises S.E. Ltd 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 Enterprises S.E. Ltd. You consider that Willow Enterprises S.E. Ltd 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 financial statements of Willow Enterprises S.E. Ltd. 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.
Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH
United Kingdom
30 April 2025
WILLOW ENTERPRISES S.E. LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
2025
2024
Notes
£
£
Turnover
-
2,512
Administrative expenses
(20,711)
21,824
Other operating income
6,929
12,605
Operating (loss)/profit
(13,782)
36,941
Interest payable and similar expenses
(3,752)
(Loss)/profit before taxation
(13,782)
33,189
Tax on (loss)/profit
(19,950)
(Loss)/profit for the financial year
(13,782)
13,239
The profit and loss account has been prepared on the basis that all operations are continuing operations.
WILLOW ENTERPRISES S.E. LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 4 -
28 February 2025
29 February 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
451
602
Investment property
4
98,500
98,500
98,951
99,102
Current assets
Debtors
5
10,451
10,442
Cash at bank and in hand
6,552
181,634
17,003
192,076
Creditors: amounts falling due within one year
6
(83,528)
(244,970)
Net current liabilities
(66,525)
(52,894)
Net assets
32,426
46,208
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
32,416
46,198
Total equity
32,426
46,208
For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 30 April 2025
Mr K J Robinson
Director
Company registration number 05348386 (England and Wales)
WILLOW ENTERPRISES S.E. LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
1
Accounting policies
Company information
Willow Enterprises S.E. Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/O Xeinadin South East Limited, Unit 68 Basepoint, Shearway Business Park, Folkestone, Kent, England, CT19 4RH.
The presentation currency of the financial statements is the Pound Sterling (£).
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The company recognises revenue from the following major sources:
The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
WILLOW ENTERPRISES S.E. LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 6 -
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
WILLOW ENTERPRISES S.E. LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 7 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024 and 28 February 2025
8,371
Depreciation and impairment
At 1 March 2024
7,769
Depreciation charged in the year
151
At 28 February 2025
7,920
Carrying amount
At 28 February 2025
451
At 29 February 2024
602
4
Investment property
2025
£
Fair value
At 1 March 2024 and 28 February 2025
98,500
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
10,451
10,442
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1
1
Other creditors
83,527
244,969
83,528
244,970
7
Directors' transactions
Included in creditors are amounts owing to the Directors: £69,209 (2024: £233,449)