Company No: 13209100 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	6,637,625		6,605,621
		6,637,625		6,605,621
Current assets
Debtors	4	93,814		173,552
Cash at bank and in hand		9,331		15,816
		103,145		189,368
Creditors: amounts falling due within one year	5	( 857,184)		( 815,627)
Net current liabilities		(754,039)		(626,259)
Total assets less current liabilities		5,883,586		5,979,362
Creditors: amounts falling due after more than one year	6	( 4,538,992)		( 4,765,783)
Net assets		1,344,594		1,213,579
Capital and reserves
Called-up share capital	7	4		4
Share premium account		1,209,180		1,209,180
Profit and loss account		135,410		4,395
Total shareholders' funds		1,344,594		1,213,579

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Wooladon Estates Ltd (registered number: 13209100) were approved and authorised for issue by the Board of Directors on 27 November 2025. They were signed on its behalf by:

A R J Mounce Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wooladon Estates Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is Wooladon Estate, Lifton, Devon, PL16 0DD.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current 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 Balance Sheet date.

Deferred tax
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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Properties are held at fair value at the date of valuation less subsequent depreciation and impairment.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a gain reverses a previously recognised loss, or a loss exceeds the accumulated gains in equity.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Land and buildings		Plant and machinery		Total
	£		£		£
Cost
At 01 April 2024	6,584,495		37,657		6,622,152
Additions	10,935		33,317		44,252
At 31 March 2025	6,595,430		70,974		6,666,404
Accumulated depreciation
At 01 April 2024	0		16,531		16,531
Charge for the financial year	0		12,248		12,248
At 31 March 2025	0		28,779		28,779
Net book value
At 31 March 2025	6,595,430		42,195		6,637,625
At 31 March 2024	6,584,495		21,126		6,605,621

4. Debtors

	2025		2024
	£		£
Trade debtors	1,700		1,200
Other debtors	92,114		172,352
	93,814		173,552

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	229,401		240,265
Trade creditors	6,154		14,798
Other taxation and social security	5,430		38,406
Other creditors	616,199		522,158
	857,184		815,627

The bank loans are secured by way of fixed and floating charges over the assets of the company

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	4,538,992		4,765,783

The bank loans are secured by way of fixed and floating charges over the assets of the company.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured / repayable by instalments)	3,642,940		3,882,985

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
4 Ordinary shares of £ 1.00 each	4		4

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
A R J Mounce Balance b/fwd	54,585		0
Advances to director	4,259		57,918
Repayments by director	(58,844)		(3,333)
	0		0
At 31 March	0		54,585
	0		0
L Mounce Balance b/fwd	51,425		0
Advances to director	1,154		51,425
Repayments by director	(52,579)		0
	0		0
At 31 March	0		51,425
	0		0

2.25% loan account, unsecured and repayable on demand.