Company Registration No. 09143683 (England and Wales)
The Willows Tearoom Ltd
Unaudited accounts
for the period from 1 March 2024 to 31 December 2024
The Willows Tearoom Ltd
Unaudited accounts
Contents
The Willows Tearoom Ltd
Company Information
for the period from 1 March 2024 to 31 December 2024
Company Number
09143683 (England and Wales)
Registered Office
1 WILLOW LANE
CRANWELL VILLAGE
SLEAFORD
LINCOLNSHIRE
NG34 8DE
Accountants
Kate Dodd Accounting Services
4 Warren Lane
Witham St Hughs
Lincoln
LN6 9US
The Willows Tearoom Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
37,518
46,994
Cash at bank and in hand
509
1,711
Creditors: amounts falling due within one year
(67,401)
(68,097)
Net current liabilities
(65,332)
(65,386)
Total assets less current liabilities
(27,814)
(18,392)
Creditors: amounts falling due after more than one year
(102,583)
(107,750)
Net liabilities
(130,397)
(126,142)
Called up share capital
100
100
Profit and loss account
(130,497)
(126,242)
Shareholders' funds
(130,397)
(126,142)
For the period ending 31 December 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 August 2025 and were signed on its behalf by
Mrs J Bett
Director
Company Registration No. 09143683
The Willows Tearoom Ltd
Notes to the Accounts
for the period from 1 March 2024 to 31 December 2024
The Willows Tearoom Ltd is a private company, limited by shares, registered in England and Wales, registration number 09143683. The registered office is 1 WILLOW LANE, CRANWELL VILLAGE, SLEAFORD, LINCOLNSHIRE, NG34 8DE.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ Sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on cost
Plant & machinery
15% on reducing balance
Computer equipment
Straight line over 3 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
The Willows Tearoom Ltd
Notes to the Accounts
for the period from 1 March 2024 to 31 December 2024
At 31 December 2024 the Company's liabilities exceeded it's assets by £130,397 (29 February 2024: £126,142).
Included within liabilities is a loan of £141,259 (29 February 2024 : £139,144) provided by the director and will continue to be available for a period of at least 12 months.
On the basis described above, the director considers it appropriate to prepare these financial statements on the going concern basis.
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Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
79,749
21,995
750
102,494
Disposals
-
(9,537)
-
(9,537)
At 31 December 2024
79,749
12,458
750
92,957
At 1 March 2024
39,875
14,875
750
55,500
Charge for the period
6,646
613
-
7,259
On disposals
-
(7,320)
-
(7,320)
At 31 December 2024
46,521
8,168
750
55,439
At 31 December 2024
33,228
4,290
-
37,518
At 29 February 2024
39,874
7,120
-
46,994
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Debtors
31/12/2024
29/02/2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
31/12/2024
29/02/2024
Bank loans and overdrafts
6,200
6,200
Taxes and social security
123
168
Other creditors
6,979
7,174
Loans from directors
41,259
39,144
Deferred income
11,437
13,724
The Willows Tearoom Ltd
Notes to the Accounts
for the period from 1 March 2024 to 31 December 2024
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Creditors: amounts falling due after more than one year
31/12/2024
29/02/2024
Other creditors
100,000
100,000
8
Average number of employees
During the period the average number of employees was 7 (29/02/2024: 8).