ACCOUNTS - Final Accounts

Registered number: 08547227

WILLEY ESTATE LEISURE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

WILLEY ESTATE LEISURE LIMITED

REGISTERED NUMBER: 08547227

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

FIXED ASSETS
Tangible assets	4		587,910		22,990
			587,910		22,990
CURRENT ASSETS
Debtors: amounts falling due within one year	5	28,191		22,619
Cash at bank and in hand	6	13,492		26,033
		41,683		48,652
Creditors: amounts falling due within one year	7	(575,522)		(16,911)
NET CURRENT (LIABILITIES)/ASSETS			(533,839)		31,741
TOTAL ASSETS LESS CURRENT LIABILITIES			54,071		54,731

NET ASSETS			54,071		54,731

CAPITAL AND RESERVES
Called up share capital	8	100	100
Profit and loss account		53,971	54,631
		54,071	54,731

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WILLEY ESTATE LEISURE LIMITED

REGISTERED NUMBER: 08547227

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

The Hon Mrs S L Graham

Director

Date: 18 December 2025

The notes on pages 3 to 7 form part of these financial statements.

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WILLEY ESTATE LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

Willey Estates Leisure Limited (08547227) ("the company") is a rental business.

The company is a private company limited by shares and is incorporated and domiciled in England. The
address of its registered office is The Estate Office, Willey, Broseley, Shropshire TF12 5JN.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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WILLEY ESTATE LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.3

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.4

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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WILLEY ESTATE LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	TANGIBLE FIXED ASSETS

	Freehold property	Fixtures and fittings	Total
	£	£	£
COST OR VALUATION
At 1 April 2024	21,003	1,987	22,990
Additions	566,599	-	566,599
At 31 March 2025	587,602	1,987	589,589
DEPRECIATION
Charge for the year on owned assets	-	1,679	1,679
At 31 March 2025	-	1,679	1,679
NET BOOK VALUE
At 31 March 2025	587,602	308	587,910
At 31 March 2024	21,003	1,987	22,990

The net book value of land and buildings may be further analysed as follows:
	2025	2024
	£	£

Land and Buildings	587,602	21,003
	587,602	21,003

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WILLEY ESTATE LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

DEBTORS

					2025	2024
					£	£


Trade debtors	2,418	-
Prepayments and accrued income	3,378	3,379
Deferred taxation	22,395	19,240
	28,191	22,619

6.	CASH AND CASH EQUIVALENTS
		2025	2024
		£	£

Cash at bank and in hand	13,492	26,033
	13,492	26,033

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Payments received in advance	-	400
Trade creditors	6,482	6,191
Amounts owed to connected parties	566,112	7,523
Accruals and deferred income	2,928	2,797
	575,522	16,911

8.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

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WILLEY ESTATE LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.	RELATED PARTY TRANSACTIONS
	Included within creditors is an amount totalling £360,972 (2024: £972) due to Willey Estates (1994) Company. This amount does not accrue interest and is repayable on demand.

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