Willowfox Limited - Accounts to registrar (filleted) - small 18.2

Willowfox Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 05261134(England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2018

for

Willowfox Limited

Willowfox Limited (Registered number: 05261134)






Contents of the Financial Statements
for the Year Ended 31 August 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Willowfox Limited

Company Information
for the Year Ended 31 August 2018







DIRECTORS: G E Lake
Mrs C Allen





SECRETARY: N G E Lake





REGISTERED OFFICE: Universal Square
Building 2
3rd Floor
Devonshire Street North
Manchester
M12 6JH





REGISTERED NUMBER: 05261134(England and Wales)





ACCOUNTANTS: Uppal & Warr
Chartered Accountants
452 Manchester Road
Heaton Chapel
Stockport
SK4 5DL

Willowfox Limited (Registered number: 05261134)

Balance Sheet
31 August 2018

31.8.18 31.8.17
Notes £    £   
CURRENT ASSETS
Debtors 4 15,130,721 16,396,568
Cash at bank and in hand 72,461 2
15,203,182 16,396,570
CREDITORS
Amounts falling due within one year 5 13,217,118 13,007,505
NET CURRENT ASSETS 1,986,064 3,389,065
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,986,064

3,389,065

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 1,986,062 3,389,063
SHAREHOLDERS' FUNDS 1,986,064 3,389,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 February 2019and were signed on its behalf
by:





Mrs C Allen- Director


Willowfox Limited (Registered number: 05261134)

Notes to the Financial Statements
for the Year Ended 31 August 2018

1. STATUTORY INFORMATION

Willowfox Limited is a private company, limited by shares, registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rental income from the property.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34(2017 - 34) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.18 31.8.17
£    £   
Associated company loan 15,129,885 16,396,014
VAT 367 554
Prepayments 469 -
15,130,721 16,396,568

Willowfox Limited (Registered number: 05261134)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2018

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.18 31.8.17
£    £   
Bank loans and overdrafts - 19,369
Trade creditors - 2,350
Associated company loan 13,211,232 12,984,911
Accrued expenses 5,886 875
13,217,118 13,007,505

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.8.18 31.8.17
value: £    £   
2 Ordinary £1 2 2

7. RESERVES
Retained
earnings
£   

At 1 September 2017 3,389,063
Deficit for the year (1,403,001 )
At 31 August 2018 1,986,062