REGISTERED NUMBER: 03965569 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

WORKHAM EUROPEAN PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A J White

Mr D H J White

SECRETARY:

Mr D H J White

REGISTERED OFFICE:

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

BUSINESS ADDRESS:

Hill Farm Barn

Bruern Road

Milton-under-Wychwood

CHIPPING NORTON

Oxfordshire

OX7 6HB

REGISTERED NUMBER:

03965569 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

2,889

1,859

Investments

5

412,992

734,194

415,881

736,053

CURRENT ASSETS

Debtors

6

1,797,363

1,817,207

Cash at bank

178,853

186,647

1,976,216

2,003,854

CREDITORS

Amounts falling due within one year

7

10,449

43,710

NET CURRENT ASSETS

1,965,767

1,960,144

TOTAL ASSETS LESS CURRENT LIABILITIES

2,381,648

2,696,197

PROVISIONS FOR LIABILITIES

8

675

400

NET ASSETS

2,380,973

2,695,797

CAPITAL AND RESERVES

Called up share capital

9

1,069,628

1,069,628

Retained earnings

1,311,345

1,626,169

SHAREHOLDERS' FUNDS

2,380,973

2,695,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 27 October 2025 and were signed on its behalf by:

Mr D H J White - Director

1.	STATUTORY INFORMATION

Workham European Property 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.

The financial statements have been prepared on a going concern basis on the understanding that the directors, will continue to support the company for the foreseeable future.

Turnover

Turnover represents net invoiced sales of services, charges and management fees, excluding value added tax.

Tangible fixed assets

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

Office equipment

-

25% on reducing balance

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date with the exception of fixed asset investments which are translated into sterling at the rate of exchange ruling at the investment date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Interest received

Interest received on unsecured loan stock is accounted for on a receipts basis, adjusted for interest owing which has been received shortly after the year end.

Fixed asset investments

Fixed asset investments are shown at cost less provision for any unrecoverable amounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 May 2024

7,825

11,483

19,308

Additions

-

2,737

2,737

Disposals

(209

)

(4,634

)

(4,843

)

At 30 April 2025

7,616

9,586

17,202

DEPRECIATION

At 1 May 2024

7,787

9,662

17,449

Charge for year

5

1,217

1,222

Eliminated on disposal

(201

)

(4,157

)

(4,358

)

At 30 April 2025

7,591

6,722

14,313

NET BOOK VALUE

At 30 April 2025

25

2,864

2,889

At 30 April 2024

38

1,821

1,859

5.	FIXED ASSET INVESTMENTS

Shares in

group

Unlisted

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 May 2024

100

734,094

734,194

Additions

-

13,378

13,378

Revaluations

-

(333,345

)

(333,345

)

Exchange differences

-

(1,235

)

(1,235

)

At 30 April 2025

100

412,892

412,992

NET BOOK VALUE

At 30 April 2025

100

412,892

412,992

At 30 April 2024

100

734,094

734,194

Cost or valuation at 30 April 2025 is represented by:

Shares in

group

Unlisted

undertakings

investments

Totals

£

£

£

Cost

100

412,892

412,992

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

8,900

7,447

Amounts owed by joint ventures

1,781,781

1,764,241

Other debtors

-

1,372

Workham Developments Ltd

2,748

40,000

Prepayments and accrued income

3,934

4,147

1,797,363

1,817,207

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

3,245

2,795

Tax

-

32,385

Social security and other taxes

389

333

Pensions payable

139

134

VAT

2,569

2,226

Other creditors

278

688

Directors' current accounts

64

77

Accrued expenses

3,765

5,072

10,449

43,710

8.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

675

400

Deferred

tax

£

Balance at 1 May 2024

400

Provided during year

275

Balance at 30 April 2025

675

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

156,545

Ordinary 'A'

£1

156,545

156,545

508,723

Ordinary 'B'

£1

508,723

508,723

100,000

Ordinary 'D'

£1

100,000

100,000

765,268

765,268

Allotted and issued:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

304,360

Ordinary 'C' shares

£1

304,360

304,360

10.	RELATED PARTY DISCLOSURES

.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D H J White.