REGISTERED NUMBER: 08951220 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Willoughby 395 (EBK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C A Butterfield FCA

J M Butterfield

SECRETARY:

J M Butterfield

REGISTERED OFFICE:

North Lodge Farm

Widmerpool Lane

Widmerpool

Nottingham

NG12 5QE

REGISTERED NUMBER:

08951220 (England and Wales)

ACCOUNTANTS:

Mellor Oxland LLP

Hine House

25 Regent Street

Nottingham

Nottinghamshire

NG1 5BS

FIXED ASSETS

Investments

4

10,921,364

10,916,100

CURRENT ASSETS

Debtors

5

3,313,614

2,143,259

Cash at bank

1,060,121

2,109,487

4,373,735

4,252,746

CREDITORS

Amounts falling due within one year

6

153,662

244,842

NET CURRENT ASSETS

4,220,073

4,007,904

TOTAL ASSETS LESS CURRENT LIABILITIES

15,141,437

14,924,004

CAPITAL AND RESERVES

Called up share capital

154

154

Revaluation reserve

7

5,264

-

Other reserves

5,970,960

5,970,960

Retained earnings

9,165,059

8,952,890

15,141,437

14,924,004

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 8 October 2025 and were signed on its behalf by:

C A Butterfield FCA - Director

1.	STATUTORY INFORMATION

Willoughby 395 (EBK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Preparation of consolidated financial statements

The financial statements contain information about Willoughby 395 (EBK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Reserves

The directors have reviewed the reserves of the company. On the basis that the Other Reserves arising on the company's formation relate to the revaluation of the company's investments at that time, they consider it more appropriate that any subsequent revaluation increases or impairments of the investments should be reflected within that reserve, rather than Retained Earnings. These accounts have therefore been prepared on that basis and the appropriate adjustments reflected in the Statement of Changes in Equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Interest

Shares in

in other

group

participating

Other

undertakings

interests

investments

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

100

10,815,000

101,000

10,916,100

Revaluations

-

-

5,264

5,264

At 31 March 2025

100

10,815,000

106,264

10,921,364

NET BOOK VALUE

At 31 March 2025

100

10,815,000

106,264

10,921,364

At 31 March 2024

100

10,815,000

101,000

10,916,100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Willoughby 395NP Limited

Registered office: North Lodge Farm, Widmerpool Lane, Widmerpool, Nottingham NG12 5QE

Nature of business: Property development

%

Class of shares:

holding

Ordinary

100.00

2025

2024

£

£

Aggregate capital and reserves

100

100

Interest in associated companies is in respect of the company's holding of 50% of the ordinary share capital of Evenbrook Capital Partners Limited. The original cost to the company of those shares was £15,801,000.

The accounts of Evenbrook Capital Partners Limited at 31 March 2025 show aggregate capital and reserves of £25,764,000. After factoring in the appropriate adjustments in respect of deferred tax having been provided for at both company and subsidiary level, providing for asset realisation costs, applying the appropriate discount for this being a non-controlling shareholding, and making provision for a contractual employee profit scheme arrangement, the directors have arrived at the current value of the investment as noted above.

The other investments are in respect of structured products, the value of which is stated at the valuation provided by the investment managers.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

3,313,614

2,143,259

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

420

-

Amounts owed to group undertakings

-

100

Taxation and social security

34,814

-

Other creditors

118,428

244,742

153,662

244,842

7.

RESERVES

Revaluation

reserve

£

Revaluation movement

5,264

At 31 March 2025

5,264

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

C A Butterfield FCA and J M Butterfield

Balance outstanding at start of year

1,047,099

(15,182

)

Amounts advanced

403,609

1,226,303

Amounts repaid

(431,032

)

(164,022

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,019,676

1,047,099

9.	RELATED PARTY DISCLOSURES

Other creditors includes £33,946 (2024 £156,028) owed to Willoughby 395 Limited.

Debtors includes £320,334 (2024 £318,203) due from Mopane Investment Company Limited, of which C A Butterfield FCA, is a director.

The above loans are all interest free and repayable on demand.

At the year end the company was owed £1,019,676 by its directors (2024 £1,047,099 owed to the directors). Interest has been paid at the official rate on the loan.