Registration number:
Wombat Willow Limited
for the Year Ended 31 October 2025
Wombat Willow Limited
Contents
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Wombat Willow Limited
(Registration number: 10705859)
Statement of Financial Position as at 31 October 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
4 |
4 |
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Profit and loss account |
(160,711) |
(81,799) |
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Shareholders' deficit |
(160,707) |
(81,795) |
Wombat Willow Limited
(Registration number: 10705859)
Statement of Financial Position as at 31 October 2025 (continued)
For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Wombat Willow Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales .
The address of its registered office is:
Principal activity
The principal activity of the company is that of Silviculture and other forestry activities.
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going concern basis. The directors are of the opinion the company is a going concern with their continued support.
Wombat Willow Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)
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2 |
Accounting policies (continued) |
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. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Other grants
Grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Wombat Willow Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)
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Accounting policies (continued) |
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Land and buildings |
50 years straight line |
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Plant and machinery |
5 years straight line |
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Vehicles |
5 years straight line |
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Fixtures and fittings |
5 years straight line |
Impairment
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Wombat Willow Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)
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Accounting policies (continued) |
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Wombat Willow Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)
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Tangible assets |
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Land and buildings |
Fixtures and fittings |
Plant and machinery |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 November 2024 |
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Additions |
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At 31 October 2025 |
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Depreciation |
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At 1 November 2024 |
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Charge for the year |
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At 31 October 2025 |
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Carrying amount |
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At 31 October 2025 |
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At 31 October 2024 |
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Debtors |
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2025 |
2024 |
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Trade debtors |
- |
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Other debtors |
- |
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Accrued income |
- |
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Wombat Willow Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Loans and borrowings |
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Trade creditors |
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Amounts owed to related parties |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
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2025 |
2024 |
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Loans and borrowings |
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Deferred income |
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Included within loans and borrowings is a bank loan of £185,000 which is secured against the freehold land and buildings held by the company.
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Reserves |
Profit and loss account:
This reserve records retained earnings and accumulated losses.
Wombat Willow Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the statement of financial position
The total amount of contingencies not included in the statement of financial position is £64,048 (2024 - £96,071).
During the year ended 30 April 2023, the company received a grant towards the purchase and renovation of land. The grant amounted to £160,119.
The conditions of the grant are the construction of the property and job creation. The conditions of the grant remain in place 5 years from the payment of the last claim, which was 2 June 2023. The conditions therefore need to be complied with until 2 June 2028.
Recovery action is triggered if the project is no longer operating, for example if the business is closed down or assets sold off. Recovery is usually done on a sliding scale, therefore the liability will vary dependant on at what point the recovery action is triggered. Recovery would be 80% in the year to 2 June 2025, and will decrease by 20% each year up to 2 June 2028.
The maximum contingent liability at the point of signing is therefore £96,071.
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Deferred grant income |
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2025 |
2024 |
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Deferred income |
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During the year ended 30 April 2023, the company received a grant towards the purchase and renovation of land. The grant amounted to £160,119. The conditions of the grant are the construction of the property and job creation which have been satisfied.
The grant is recorded as deferred income in the accounts and amortised over 50 years with £3,202 being shown as amortisation in the profit and loss account annually (£4,804 has been reflected in the profit and loss account for the extended period ending 31 October 2024). The accumulated amortisation recognised in the profit and loss account at 31 October 2025 was £3,202 (2024: £4,804).
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Non adjusting events after the financial period |
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