REGISTERED NUMBER: 03678623 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

WARWICK LAND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C J Guilbert

REGISTERED OFFICE:

9 Worton Park

Cassington

Oxfordshire

OX29 4SX

REGISTERED NUMBER:

03678623 (England and Wales)

AUDITORS:

Camerons Accountancy Consultants Limited

Statutory Auditor

Chartered Accountants

9 Worton Park

Cassington

Witney

Oxfordshire

OX29 4SX

FIXED ASSETS

Investment property

4

1,758,000

1,758,000

CURRENT ASSETS

Debtors

5

11,277

7,027

Cash at bank

86,506

309,649

97,783

316,676

CREDITORS

Amounts falling due within one year

6

1,252,304

1,602,313

NET CURRENT LIABILITIES

(1,154,521

)

(1,285,637

)

TOTAL ASSETS LESS CURRENT LIABILITIES

603,479

472,363

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Fair value reserve

8

(2,641,641

)

(2,641,641

)

Retained earnings

3,244,120

3,113,004

SHAREHOLDERS' FUNDS

603,479

472,363

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 2 December 2025 and were signed by:

C J Guilbert - Director

1.	STATUTORY INFORMATION

Warwick Land 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 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 the going concern basis as, in the opinion of the directors, the company has adequate facilities available to meet its debts as and when they become payable.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

The turnover shown in the profit and loss account represents rents and service charges receivable during the year.

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.

The aggregate unrealised gain or loss is transferred from retained earnings to fair value reserve, net of deferred tax.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,758,000

NET BOOK VALUE

At 31 March 2025

1,758,000

At 31 March 2024

1,758,000

The investment properties were valued at £1,758,000 on an open market value basis as at 17th June 2022. This value has been provided by professional chartered surveyors. The historical cost of the properties is £4,399,641 (2024 £4,399,641).

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

(899,641

)

Valuation in 2023

(1,742,000

)

Cost

4,399,641

1,758,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,233

5,983

Amounts owed by group undertakings

1,044

1,044

11,277

7,027

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

(7,247

)

(7,247

)

Amounts owed to group undertakings

1,184,990

1,534,990

Taxation and social security

32,422

32,732

Other creditors

42,139

41,838

1,252,304

1,602,313

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

1

1,000

1,000

8.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

(2,641,641

)

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ellen ODonnell (Senior Statutory Auditor)

for and on behalf of Camerons Accountancy Consultants Limited

10.	RELATED PARTY DISCLOSURES

The company has an interest free loan from a related party company. The amount outstanding at 31 March 2025 was £1,184,990 (2024 £1,534,990). The loan is repayable on demand and shown within creditors due within one year.

11.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

12.	ULTIMATE CONTROLLING PARTY

Watu Limited (registered in Guernsey) is regarded by the directors as being the company's parent company.