Willow Holt Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04615851

WILLOW HOLT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 February 2025

WILLOW HOLT LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		862,467	908,653

Current assets

Stocks		60,000	45,850
Debtors	7	12,312	20,197
Cash at bank and in hand		39,825	76,619
		----------	----------
		112,137	142,666

Creditors: amounts falling due within one year	8	110,195		124,277
		----------		----------
Net current assets			1,942	18,389
			----------	----------
Total assets less current liabilities			864,409	927,042

Creditors: amounts falling due after more than one year	9		11,655	20,825

Provisions

Taxation including deferred tax	157,279	166,238
	----------	----------
Net assets	695,475	739,979
	----------	----------

WILLOW HOLT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 February 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	3	3
Revaluation reserve	397,331	439,538
Profit and loss account	298,141	300,438
	----------	----------
Shareholders funds	695,475	739,979
	----------	----------

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 income statement has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 9 December 2025 , and are signed on behalf of the board by:

R A Stevenson

Director

Company registration number: 04615851

WILLOW HOLT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Windsor House, A1 Business Park at, Long Bennington, Notts, NG23 5JR.

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. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. No significant judgements or estimates have been made by management in the process of applying the entity's accounting policies that would have a significant effect on the amounts recognised in the financial statements.

Revenue recognition

The turnover shown in the profit and loss account represents the value of all work done during the period, exclusive of Value Added Tax. Turnover in relation to caravan and shop sales is recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the sale have been transferred to the customer. Income for pitch sales is recognised at the point of occupation.

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 material 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.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Static Caravan site	-	10% reducing balance
Plant & machinery	-	10% reducing balance
Motor vehicles	-	20% reducing balance
Office equipment	-	10% reducing balance

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, on a first-in-first-out basis, after making due allowance for obsolete and slow moving items. Cost is based on purchase price.

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.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 4 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 March 2024 and 28 February 2025	33,000
	---------
Amortisation
At 1 March 2024 and 28 February 2025	33,000
	---------
Carrying amount
At 28 February 2025	–
	---------
At 29 February 2024	–
	---------

6. Tangible assets

	Static Caravan site	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 March 2024	921,852	311,460	25,185	24,975	1,283,472
Additions	–	52,905	–	–	52,905
Disposals	–	( 35,800)	–	–	( 35,800)
	----------	----------	---------	---------	-------------
At 28 February 2025	921,852	328,565	25,185	24,975	1,300,577
	----------	----------	---------	---------	-------------
Depreciation
At 1 March 2024	171,363	166,235	19,398	17,823	374,819
Charge for the year	75,049	17,887	1,157	1,109	95,202
Disposals	–	( 31,911)	–	–	( 31,911)
	----------	----------	---------	---------	-------------
At 28 February 2025	246,412	152,211	20,555	18,932	438,110
	----------	----------	---------	---------	-------------
Carrying amount
At 28 February 2025	675,440	176,354	4,630	6,043	862,467
	----------	----------	---------	---------	-------------
At 29 February 2024	750,489	145,225	5,787	7,152	908,653
	----------	----------	---------	---------	-------------

7. Debtors

	2025	2024
	£	£
Other debtors	12,312	20,197
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	9,996
Trade creditors	23,672	22,354
Social security and other taxes	5,031	13,782
Other creditors	71,492	78,145
	----------	----------
	110,195	124,277
	----------	----------

Included within other creditors is £46,060 (2024 - £46,200) in respect of site fees and deposits paid in advance of the 2024/25 season.

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

	2025	2024
	£	£
Bank loans and overdrafts	11,655	20,825
	---------	---------

10. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 (Section 1A).

11. Controlling party

The company was under the control of the Stevenson family throughout the current and previous year.