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Registered number: 11095936
Willow Bay Properties Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11095936
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,033,714 1,031,531
1,033,714 1,031,531
CURRENT ASSETS
Debtors 5 53,186 50,173
Cash at bank and in hand 4,029 9,269
57,215 59,442
Creditors: Amounts Falling Due Within One Year 6 (239,491 ) (259,749 )
NET CURRENT ASSETS (LIABILITIES) (182,276 ) (200,307 )
TOTAL ASSETS LESS CURRENT LIABILITIES 851,438 831,224
Creditors: Amounts Falling Due After More Than One Year 7 (760,539 ) (761,137 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (32,813 ) (32,813 )
NET ASSETS 58,086 37,274
CAPITAL AND RESERVES
Called up share capital 9 10 10
Fair value reserve 11 139,945 139,945
Profit and Loss Account (81,869 ) (102,681 )
SHAREHOLDERS' FUNDS 58,086 37,274
Page 1
Page 2
For the year ending 31 December 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Martin Wadhwani
Director
22/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Willow Bay Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11095936 . The registered office is 28 Dorville Crescent, Hammersmith, London, W6 0HJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing balance basis
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2025 1,019,999 38,197 1,058,196
Additions - 5,046 5,046
As at 31 December 2025 1,019,999 43,243 1,063,242
Depreciation
As at 1 January 2025 - 26,665 26,665
Provided during the period - 2,863 2,863
As at 31 December 2025 - 29,528 29,528
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 December 2025 1,019,999 13,715 1,033,714
As at 1 January 2025 1,019,999 11,532 1,031,531
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 549 543
Other debtors 43,495 40,046
Directors' loan accounts 9,142 9,584
53,186 50,173
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors (1) 43,495 40,045
Directors' loan accounts 195,996 219,704
239,491 259,749
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 760,539 761,137
8. Secured Creditors
Of the creditors the following amounts are secured.
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10 10
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Simon Drage (9,584 ) - 346 - (9,238 )
The above loan is unsecured, interest free and repayable on demand.
Page 4
Page 5
11. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 January 2025 139,945 (102,681 )
Profit for the year and total comprehensive income - 20,812
As at 31 December 2025 139,945 (81,869 )
12. Ultimate Controlling Party
There is no ultimate controlling party due to each shareholder owning an equal proportion of the total issued share capital of the company.
Page 5