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COMPANY REGISTRATION NUMBER: 12268626
WILLOW TREE (GY) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 October 2024
WILLOW TREE (GY) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2024
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
WILLOW TREE (GY) LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
5,273
6,204
CURRENT ASSETS
Debtors
6
4,813
Cash at bank and in hand
36,717
39,457
--------
--------
36,717
44,270
CREDITORS: amounts falling due within one year
7
( 34,136)
( 37,766)
--------
--------
NET CURRENT ASSETS
2,581
6,504
-------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
7,854
12,708
PROVISIONS
( 1,002)
( 1,179)
-------
--------
NET ASSETS
6,852
11,529
-------
--------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
6,851
11,528
-------
--------
SHAREHOLDER FUNDS
6,852
11,529
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WILLOW TREE (GY) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 9 July 2025 , and are signed on behalf of the board by:
M Dove
Director
Company registration number: 12268626
WILLOW TREE (GY) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services provided, exclusive of Value Added Tax.
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TAX ON LOSS
Major components of tax income
2024
2023
£
£
Deferred tax:
Origination and reversal of timing differences
( 177)
( 208)
----
----
Tax on loss
( 177)
( 208)
----
----
5. TANGIBLE ASSETS
Fixtures and fittings
£
Cost
At 1 November 2023 and 31 October 2024
8,764
-------
Depreciation
At 1 November 2023
2,560
Charge for the year
931
-------
At 31 October 2024
3,491
-------
Carrying amount
At 31 October 2024
5,273
-------
At 31 October 2023
6,204
-------
6. DEBTORS
2024
2023
£
£
Trade debtors
300
Other debtors
4,513
----
-------
4,813
----
-------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
553
2,765
Amounts owed to group undertakings and undertakings in which the company has a participating interest
19,045
20,000
Other creditors
11,918
12,468
Other creditors
2,620
2,533
--------
--------
34,136
37,766
--------
--------