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REGISTERED NUMBER: 05514117 (England and Wales)












WILLOW HOMES-LINCS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






WILLOW HOMES-LINCS LIMITED (REGISTERED NUMBER: 05514117)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLOW HOMES-LINCS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: M A Robinson
Mrs K M Culy





REGISTERED OFFICE: The Old Hall
1 High Street
Billingborough
Sleaford
Lincolnshire
NG34 0QA





REGISTERED NUMBER: 05514117 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

WILLOW HOMES-LINCS LIMITED (REGISTERED NUMBER: 05514117)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 633,870 618,367
633,870 618,367

CURRENT ASSETS
Stocks 600 650
Debtors 5 29,459 11,226
Cash at bank and in hand 10,608 48,219
40,667 60,095
CREDITORS
Amounts falling due within one year 6 176,904 177,738
NET CURRENT LIABILITIES (136,237 ) (117,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,633

500,724

CREDITORS
Amounts falling due after more than one
year

7

(170,848

)

(199,329

)

PROVISIONS FOR LIABILITIES 9 (10,936 ) (7,291 )
NET ASSETS 315,849 294,104

CAPITAL AND RESERVES
Called up share capital 99 99
Revaluation reserve 10 75,689 75,689
Retained earnings 240,061 218,316
SHAREHOLDERS' FUNDS 315,849 294,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

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.

WILLOW HOMES-LINCS LIMITED (REGISTERED NUMBER: 05514117)

BALANCE SHEET - continued
28 FEBRUARY 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





Mrs K M Culy - Director


WILLOW HOMES-LINCS LIMITED (REGISTERED NUMBER: 05514117)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

WILLOW HOMES-LINCS LIMITED (REGISTERED NUMBER: 05514117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 38 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 23,000
AMORTISATION
At 1 March 2024
and 28 February 2025 23,000
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 March 2024 550,000 4,950 221,156
Additions - - 25,356
Disposals - - -
At 28 February 2025 550,000 4,950 246,512
DEPRECIATION
At 1 March 2024 - 1,902 168,740
Charge for year - 456 8,294
Eliminated on disposal - - -
At 28 February 2025 - 2,358 177,034
NET BOOK VALUE
At 28 February 2025 550,000 2,592 69,478
At 29 February 2024 550,000 3,048 52,416

WILLOW HOMES-LINCS LIMITED (REGISTERED NUMBER: 05514117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 March 2024 13,000 16,869 805,975
Additions - 2,267 27,623
Disposals (2,000 ) - (2,000 )
At 28 February 2025 11,000 19,136 831,598
DEPRECIATION
At 1 March 2024 9,171 7,795 187,608
Charge for year 653 1,498 10,901
Eliminated on disposal (781 ) - (781 )
At 28 February 2025 9,043 9,293 197,728
NET BOOK VALUE
At 28 February 2025 1,957 9,843 633,870
At 29 February 2024 3,829 9,074 618,367

If the freehold property had not been revalued it would have been included at the historical cost of £474,311.
Freehold property was valued on an open market basis on 28 February 2011 by the directors, which has been reviewed on 29 February 2025 when it was considered there is no material change in that valuation.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 29,136 11,226
Other debtors 323 -
29,459 11,226

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 27,000 25,360
Trade creditors 30,663 24,570
Taxation and social security 11,933 11,768
Other creditors 107,308 116,040
176,904 177,738

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 170,848 199,329

WILLOW HOMES-LINCS LIMITED (REGISTERED NUMBER: 05514117)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2025 2024
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Mortgage - 24,508
Bank Loan 65,776 72,421
65,776 96,929

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 197,848 224,689

The mortgage is secured on the freehold property included in the balance sheet.

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 10,936 7,291

Deferred
tax
£   
Balance at 1 March 2024 7,291
Provided during year 3,645
Balance at 28 February 2025 10,936

10. RESERVES
Revaluation
reserve
£   
At 1 March 2024
and 28 February 2025 75,689