For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

Willow Construction (Midlands) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Willow End, Stoke Orchard Road, Bishops Cleeve, Cheltenham, Gloucestershire, England, GL52 7DG.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Revenue is recognised in the period to which the services relate.

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investments in subsidiary and associate undertakings are recognised at cost less appropriate impairment provision.

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The average monthly number of persons (including directors) employed by the company during the year was:

In the view of the directors, the fair value of the company's investment properties at the year end is not materially different from their acquisition price.

Centaur Homes Ltd

Related by reason of some common directors and shareholders

The company charged fees of £454,800 (2023: £463,140) to the related party during the year on an arm's length basis. The company also made loans to the related party in a previous year; a further £2,050,000 (2023: £2,050,000) was loaned to the related party and £600,000 (2023: £500,000) repaid during the year. The balance is unsecured, repayable on demand and no interest has been charged. The amount due from the related party at year end was £4,619.424 (2023: £3,265,007).

Snape Construction Limited

Related by reason of some common directors and shareholders

The company has been charged fees of £183,969 (2023: £295,093) by, and charged fees of £30,897 (2023: £31,215) to, Snape Construction Limited on an arm's length basis during the year. The company also received loans from the related party in a previous period. During the year the related party loaned the company a further £500,000 (2023: £1,499,000) and £100,000 (2023: £100,000) was repaid. The balance is unsecured, repayable on demand and no interest has been charged. The amount due to the related party at year end was £4,921,260 (2023: £4,472,223).

Snape Contracting Services Ltd

Related by reason of some common directors and shareholders

The company charged fees of £595,151 (2023: £445,169) during the year to the related party on an arm's length basis. The company also received a loan from the related party in a previous period of £250,000 (2023: £250,000). The balance is unsecured, repayable on demand and no interest has been charged. The amount due from the related party at year end was £768,218 (2023: £777,933).

Snapecall (South West) Ltd

Related by reason of some common directors and shareholders

The company charged fees of £334,838 (2023: £235,320) during the year to the related party on an arm's length basis. The balance is unsecured, repayable on demand and no interest has been charged. The amount due from the related party at year end was £334,838 (2023: £318,944).

Blueprint Architecture Ltd

Related by reason of some common directors and shareholders

In a previous year £50,000 was loaned by the related party. No interest has been charged and the loan is repayable on demand. The amount due to the related party at year end was £50,000 (2023: £50,000).

Orchard Hire & Sales Ltd

Subsidiary company

The company charged fees of £36,000 (2023: £112,605) during the year to the related party on an arm's length basis. The balance is unsecured, repayable on demand and no interest has been charged. The amount due from the related party at the year end was £nil (2023: £109,926).

Centaur Homes (East) Limited

Related by reason of some common directors and shareholders

In a previous period, the related party advanced money to the company for working capital. The balance is unsecured, repayable on demand and no interest has been charged. The amount due to the related party at year end was £50 (2023: £50).

A B Snape

Director and shareholder

Mr Snape loaned the company £375,000 (2023: £nil) during the year for working capital. The balance is unsecured, repayable on demand and no interest has been charged. The amount due to the related party at year end was £375,000 (2023: £nil).

Westfield Contracting Limited

Subsidiary company

The amount due to the related party at year end was £51 (2023: £51).

Montpellier Land & Development Consultancy Ltd

Related by reason of some common directors and shareholders

The company loaned £125,000 to the related party during a previous year. The company made a charge of £7,510 (2023: £3,600) to the related party during the year on an arms length basis. The balance is unsecured, repayable on demand and no interest has been charged. The amount due from the related party at year end was £125,291 (2023: £125,000).

Snape Management Solutions Limited

Related by reason of some common directors and shareholders

In a previous year the company loaned the related party £350,000. During the year, a further £250,000 was loaned to the related party. The balance is unsecured, repayable on demand and no interest has been charged. The amount due from the related party at year end was £600,000 (2023: £351,200).

Cotswold Scaffolding Ltd

Subsidiary company

The company made a loan to the related party of £50,000 in a previous year, which was repaid during the year. The amount due from the related party at year end was £nil (2023: £50,000).

Centaur Homes (North) Ltd

Related by reason of some common directors and shareholders

The company charged fees of £48,760 (2023: £35,476) to the related party during the year on an arm's length basis. The balance is unsecured, repayable on demand and no interest has been charged. The amount due from the related party at year end was £14,628 (2023: £12,208).

Centaur Homes (South) Ltd

Related by reason of some common directors and shareholders

The company charged fees of £nil (2023: £345) to the related party during the year on an arm's length basis.

Centaur Land Ltd

Related by reason of some common directors and shareholders

In a previous period, the company charged fees of £42,500 to Centaur Land Ltd on an arm's length basis. The amount due from the related party at year end was £nil (2023: £42,500).

Talus Construction Limited

Related by reason of some common directors and shareholders

During the year, the company charged fees to the related party of £61,935 (2023: £nil) on an arm's length basis. The balance is unsecured, repayable on demand and no interest has been charged. The amount due from the related party at year end was £61,935 (2023: £nil).

Rothesay Land Ltd

Related by reason of some common directors and shareholders

During the year, the company loaned the related party £75,000. The balance is unsecured, repayable on demand and no interest has been charged. The amount due from the related party at year end was £75,000 (2023: £nil).

Westfield Homes (OGR) Limited

Related by reason of some common directors and shareholders

During the year, the company loaned the related party £300,000. The balance is unsecured, repayable on demand and no interest has been charged. The amount due from the related party at year end was £300,000 (2023: £nil).