Registered number
07486259
WILLOWDALE ESTATES LIMITED
Filleted Accounts
31 December 2024
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
WILLOWDALE ESTATES LIMITED
Registered number: 07486259
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 1,425,000 1,425,000
Current assets
Debtors 5 5,450 13,578
Cash at bank and in hand 200,410 83,164
205,860 96,742
Creditors: amounts falling due within one year 6 (510,406) (453,222)
Net current liabilities (304,546) (356,480)
Total assets less current liabilities 1,120,454 1,068,520
Creditors: amounts falling due after more than one year 7 (85,250) (90,770)
Provisions for liabilities (125,005) (125,005)
Net assets 910,199 852,745
Capital and reserves
Called up share capital 3 1
Revaluation reserve 8 511,274 511,274
Profit and loss account 398,922 341,470
Shareholders' funds 910,199 852,745
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. Raza Syed
Director
Approved by the board on 25 September 2025
WILLOWDALE ESTATES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the rental income receivable from the freehold property.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life'
Freehold buildings
Investments
Investment properties are revalued annually by the directors, and the revaluation surpluses/ (deficits) are incorporated in the financial statements. No depreciation is provided in respect of Investment Properties. This constitutes a departure from Companies Act 2006, which requires fixed assets to be depreciated over their useful lives. This departure is necessary to enable the financial statements to give a true and fair view.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Going concern
Notwithstanding the net asset deficiency, the financial statements have been prepared on a going concern basis as, in the opinion of the directors, the company has sufficient financial support from its creditors and shareholder to pay its debts as they fall due.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
4 Tangible fixed assets
Land and buildings
£
Cost/Valuation
At 1 January 2024 1,425,000
At 31 December 2024 1,425,000
Depreciation
At 31 December 2024 -
Net book value
At 31 December 2024 1,425,000
At 31 December 2023 1,425,000
5 Debtors 2024 2023
£ £
Trade debtors 5,450 3,800
Amounts owed by associated companies (see note 9 below) - 9,778
5,450 13,578
6 Creditors: amounts falling due within one year
Bank loans and overdrafts - 45,250
Amounts owed to associated companies (see note 9 below) 84,485 30,217
Corporation tax 18,163 2,676
Other creditors 407,758 375,079
510,406 453,222
7 Creditors: amounts falling due after one year
Bank loans 85,250 90,770
8 Revaluation reserve 2024 2023
£ £
At 1 January 2024 511,274 329,024
Gain on revaluation of land and buildings - 225,000
Deferred taxation arising on the revaluation of land and buildings - (42,750)
At 31 December 2024 511,274 511,274
This related to the gain arising on the revaluation of the company's investment properties as at
31 December 2023, based on a valuation conducted by the directors of the company based on
open market values. The directors are not aware of any material change in value since the date
of valuation.
2024 2023
£ £
9 Related party transactions
A R. A. Marketing Limited
Common control
Amount due to the related party - Note 6 above 31,559 30,217
B Cassia Contract Manufacturing Ltd
Common control
Amount due from the related party - Note 5 above 9,778
Amount due to the related party - Note 6 above 52,926
10 Controlling party
The company was under the control of Mr Raza Syed, director and shareholder of the company thoughtout the year.
11 Other information
WILLOWDALE ESTATES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
309
Hoe Street
Walthamstow
LONDON
E17 9BG
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