REGISTERED NUMBER: 13686212 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

WILLPOWER LAND MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M P Matthews

REGISTERED OFFICE:

Moonsbrook House

Moonsbrook

Oakhill

Radstock

BA3 5BL

REGISTERED NUMBER:

13686212 (England and Wales)

ACCOUNTANTS:

Burnside

Chartered Accountants

61 Queen Square

Bristol

BS1 4JZ

FIXED ASSETS

Tangible assets

4

83,000

125,478

Investment property

5

1,097,607

570,000

1,180,607

695,478

CURRENT ASSETS

Debtors

6

133,469

576

Cash at bank and in hand

12,794

25,441

146,263

26,017

CREDITORS

Amounts falling due within one year

7

656,740

162,903

NET CURRENT LIABILITIES

(510,477

)

(136,886

)

TOTAL ASSETS LESS CURRENT LIABILITIES

670,130

558,592

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

670,120

558,582

SHAREHOLDERS' FUNDS

670,130

558,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 October 2025 and were signed by:

M P Matthews - Director

1.	STATUTORY INFORMATION

Willpower Land Management Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2023

125,478

-

125,478

Additions

-

83,000

83,000

Reclassification/transfer

(125,478

)

-

(125,478

)

At 31 October 2024

-

83,000

83,000

NET BOOK VALUE

At 31 October 2024

-

83,000

83,000

At 31 October 2023

125,478

-

125,478

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2023

570,000

Additions

402,129

Reclassification/transfer

125,478

At 31 October 2024

1,097,607

NET BOOK VALUE

At 31 October 2024

1,097,607

At 31 October 2023

570,000

Included in fair value of investment property is freehold land of £ 125,478 (2023 - £ 0 ) which is not depreciated.

Fair value at 31 October 2024 is represented by:

£

Valuation in 2023

570,000

Valuation in 2024

527,607

1,097,607

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

VAT

17,337

-

Prepayments and accrued income

116,132

576

133,469

576

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Corporation tax

9,513

2,763

VAT

-

1,638

Other creditors

99,600

-

Directors' current accounts

523,893

146,516

Accruals and deferred income

23,734

11,986

656,740

162,903

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

1p

10

10

9.	RELATED PARTY DISCLOSURES

At the Balance Sheet date, the company owed its director £523,893 (2023 - £146,516), in respect of money advanced to the company.

At the Balance Sheet date, the company owed £99,600 (2023 - £Nil) to Willpower South West Limited in respect of the acquisition of motor vehicles in the year.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is M P Matthews.