Company No:
Contents
| Note | 30.11.2024 | |
| £ | ||
| Fixed assets | ||
| Tangible assets | 3 |
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| 1,058,978 | ||
| Current assets | ||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 62,698 | ||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (1,163,835) | |
| Total assets less current liabilities | (104,857) | |
| Net liabilities | (
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| Capital and reserves | ||
| Called-up share capital | 6 |
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| Profit and loss account | (
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| Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of BK The Willows Ltd (registered number:
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P Kemp
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
BK The Willows Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Winton House, Winton Square, Basingstoke, Hampshire, RG21 8EN, United Kingdom.
The financial statements have been prepared under the historical cost convention, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of BK The Willows Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.
The directors have assessed the Balance Sheet and forecasted cash flows covering a period of 12 months from the date of approval of these financial statements. The directors note that the business has net liabilities of £104,957. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Based on this ongoing financial support, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
| Land and buildings | not depreciated |
| Leasehold improvements | not depreciated |
| Office equipment | not depreciated |
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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 the profit and loss account.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
| Period from 07.08.2023 to 30.11.2024 |
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| Number | |
| Monthly average number of persons employed by the Company during the period, including directors |
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| Land and buildings | Leasehold improve- ments |
Office equipment | Total | ||||
| £ | £ | £ | £ | ||||
| Cost | |||||||
| At 07 August 2023 |
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| Additions |
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| At 30 November 2024 |
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| Accumulated depreciation | |||||||
| At 07 August 2023 |
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| At 30 November 2024 |
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| Net book value | |||||||
| At 30 November 2024 | 618,594 | 436,619 | 3,765 | 1,058,978 |
| 30.11.2024 | |
| £ | |
| Amounts owed by directors |
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| Prepayments |
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| VAT recoverable |
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| 30.11.2024 | |
| £ | |
| Bank loans |
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| Trade creditors |
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| Other taxation and social security |
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| Other creditors |
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| 30.11.2024 | |
| £ | |
| Allotted, called-up and fully-paid | |
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| 100 |
During the period, the Company was loaned £436,066 by a director of the Company. Interest is being charged at 1% and the loan is repayable on demand.
During the period, the Company advanced £1,256 to a director of the Company. This remained outstanding at the period end. No interest is being charged and the loan is repayable on demand.