Willowbrook (Education) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04240648

WILLOWBROOK (EDUCATION) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

WILLOWBROOK (EDUCATION) LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	31 Dec 24		30 Jun 23
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5	3,035,019	3,037,715
Investments	6	5,339,841	–
		------------	------------
		8,374,860	3,037,715

CURRENT ASSETS

Stocks		338,682	393,167
Debtors	7	906,592	1,317,509
Cash at bank and in hand		10,656	38,148
		------------	------------
		1,255,930	1,748,824

CREDITORS: amounts falling due within one year	8	3,888,379		1,597,856
		------------		------------
NET CURRENT (LIABILITIES)/ASSETS			( 2,632,449)		150,968
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			5,742,411		3,188,683

CREDITORS: amounts falling due after more than one year	9		4,615,825		1,918,042

PROVISIONS	241,723	292,165
	------------	------------
NET ASSETS	884,863	978,476
	------------	------------

CAPITAL AND RESERVES

Called up share capital fully paid	4	4
Profit and loss account	884,859	978,472
	---------	---------
SHAREHOLDERS FUNDS	884,863	978,476
	---------	---------

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 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

WILLOWBROOK (EDUCATION) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mr A P Wells
Director

Company registration number: 04240648

WILLOWBROOK (EDUCATION) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 JULY 2023 TO 31 DECEMBER 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 Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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 is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Freehold Property	-	2% straight line
Leasehold Property	-	Over the life of the lease
Plant & Machinery	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost includes, where appropriate, production and other direct overheads.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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 cost and thereafter at fair value with changes recognised in profit and loss.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 1 (2023: 1 ).

5. TANGIBLE ASSETS

	Freehold property	Long leasehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 July 2023	1,845,213	18,047	1,684,374	748,561	4,296,195
Additions	30,459	–	114,520	265,757	410,736
Disposals	–	–	( 277,672)	( 26,407)	( 304,079)
	------------	--------	------------	---------	------------
At 31 December 2024	1,875,672	18,047	1,521,222	987,911	4,402,852
	------------	--------	------------	---------	------------
Depreciation
At 1 July 2023	35,868	18,047	776,839	427,726	1,258,480
Charge for the period	( 35,868)	–	199,276	133,321	296,729
Disposals	–	–	( 173,187)	( 14,189)	( 187,376)
	------------	--------	------------	---------	------------
At 31 December 2024	–	18,047	802,928	546,858	1,367,833
	------------	--------	------------	---------	------------
Carrying amount
At 31 December 2024	1,875,672	–	718,294	441,053	3,035,019
	------------	--------	------------	---------	------------
At 30 June 2023	1,809,345	–	907,535	320,835	3,037,715
	------------	--------	------------	---------	------------

6. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 July 2023	–
Additions	5,339,841
	------------
At 31 December 2024	5,339,841
	------------
Impairment
At 1 July 2023 and 31 December 2024	–
	------------

Carrying amount
At 31 December 2024	5,339,841
	------------
At 30 June 2023	–
	------------

7. DEBTORS

	31 Dec 24	30 Jun 23
	£	£
Trade debtors	523,939	985,157
Other debtors	382,653	332,352
	---------	------------
	906,592	1,317,509
	---------	------------

8. CREDITORS: amounts falling due within one year

	31 Dec 24	30 Jun 23
	£	£
Bank loans and overdrafts	146,917	144,517
Trade creditors	638,961	412,251
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,530,400	–
Corporation tax	–	67,056
Social security and other taxes	–	77,953
Other creditors	1,572,101	896,079
	------------	------------
	3,888,379	1,597,856
	------------	------------

Included within other creditors are amounts totalling £174,882 (2023 - £236,834) relating to hire purchase agreements which are secured by the company.

Bank loan amounts are secured by a fixed and floating charge over all the assets of the company. Other creditors include Factored debts, which are secured by certain trade debtors.

9. CREDITORS: amounts falling due after more than one year

	31 Dec 24	30 Jun 23
	£	£
Bank loans and overdrafts	4,334,686	1,632,473
Other creditors	281,139	285,569
	------------	------------
	4,615,825	1,918,042
	------------	------------

Included within other creditors are amounts totalling £281,139 (2023 - £285,569) relating to hire purchase agreements which are secured by the company.

Bank loan amounts are secured by a fixed and floating charge over all the assets of the company.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period the director entered into the following advances and credits with the company:

	31 Dec 24
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A P Wells	115,230	597,888	( 430,473)	282,645
	---------	---------	---------	---------

	30 Jun 23
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A P Wells	100,000	360,531	( 345,301)	115,230
	---------	---------	---------	---------

The loan will be repaid in full before 30 September 2026.

11. RELATED PARTY TRANSACTIONS

The company was under the control of Mr A P Wells throughout the current and previous year. The director has given personal guarantees to respect of the factoring debt of £444,794 (2023 - £534,966)