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REGISTERED NUMBER: 04609776 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2025

for

Greenwills Ltd

Greenwills Ltd (Registered number: 04609776)

Contents of the Financial Statements

for the Year Ended 31st December 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

Greenwills Ltd (Registered number: 04609776)

Balance Sheet

31st December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 22,614 |  | 25,018 |  |

Investment property | 5 | 770,000 |  | 757,000 |  |

792,614 |  | 782,018 |  |

CURRENT ASSETS

Debtors | 6 | 212 |  | 221 |  |

Cash at bank | 14,708 |  | 8,897 |  |

14,920 |  | 9,118 |  |

CREDITORS

Amounts falling due within one year | 7 | 38,736 |  | 35,575 |  |

NET CURRENT LIABILITIES | (23,816 | ) | (26,457 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 768,798 |  | 755,561 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (98,463 | ) | (117,722 | ) |

PROVISIONS FOR LIABILITIES | (56,233 | ) | (54,219 | ) |

NET ASSETS | 614,102 |  | 583,620 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 150 |  | 150 |  |

Non distributable reserve | 226,270 |  | 226,270 |  |

Retained earnings | 387,682 |  | 357,200 |  |

SHAREHOLDERS' FUNDS | 614,102 |  | 583,620 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

Greenwills Ltd (Registered number: 04609776)

Balance Sheet - continued

31st December 2025

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th June 2026 and were signed on its behalf by:

Dr E Kamel - Director

Greenwills Ltd (Registered number: 04609776)

Notes to the Financial Statements

for the Year Ended 31st December 2025

1. | COMPANY INFORMATION

| Greenwills Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 04609776

| Registered office: | Second Floor

| The Lexicon

| Mount Street

| Manchester

| M2 5NT

| 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.

| Revenue from the provision of professional services is recognised on delivery of the service.

| 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Fixtures and fittings | - | 25% on cost

| Motor vehicles | - | 20% on reducing balance

| Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Greenwills Ltd (Registered number: 04609776)

Notes to the Financial Statements - continued

for the Year Ended 31st December 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1st January 2025 | 8,576 |  | 56,545 |  | 65,121 |  |

| Additions | 3,551 |  | - |  | 3,551 |  |

| At 31st December 2025 | 12,127 |  | 56,545 |  | 68,672 |  |

| DEPRECIATION

| At 1st January 2025 | 6,718 |  | 33,385 |  | 40,103 |  |

| Charge for year | 1,323 |  | 4,632 |  | 5,955 |  |

| At 31st December 2025 | 8,041 |  | 38,017 |  | 46,058 |  |

| NET BOOK VALUE

| At 31st December 2025 | 4,086 |  | 18,528 |  | 22,614 |  |

| At 31st December 2024 | 1,858 |  | 23,160 |  | 25,018 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1st January 2025

| and 31st December 2025 | 55,528 |  |

| DEPRECIATION

| At 1st January 2025

| and 31st December 2025 | 11,106 |  |

| NET BOOK VALUE

| At 31st December 2025 | 44,422 |  |

| At 31st December 2024 | 44,422 |  |

Greenwills Ltd (Registered number: 04609776)

Notes to the Financial Statements - continued

for the Year Ended 31st December 2025

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st January 2025 | 757,000 |  |

| Revaluations | 13,000 |  |

| At 31st December 2025 | 770,000 |  |

| NET BOOK VALUE

| At 31st December 2025 | 770,000 |  |

| At 31st December 2024 | 757,000 |  |

| Fair value at 31st December 2025 is represented by:

£ |

| Valuation in 2016 | 590,721 |  |

| Valuation in 2017 | (20,721 | ) |

| Valuation in 2018 | (16,000 | ) |

| Valuation in 2019 | 53,000 |  |

| Valuation in 2020 | 24,000 |  |

| Valuation in 2021 | 58,000 |  |

| Valuation in 2022 | 87,000 |  |

| Valuation in 2023 | (3,000 | ) |

| Valuation in 2024 | (16,000 | ) |

| Valuation in 2025 | 13,000 |  |

770,000 |  |

| Investment property comprises of two properties. In accordance with FRS102 1A, the costs of obtaining an external valuation were considered to be undue for the company. As such, fair value has been estimated by the director on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Prepayments | 212 |  | 221 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans and overdrafts | 13,764 |  | 13,764 |  |

| Hire purchase contracts | 4,315 |  | 4,315 |  |

| Corporation tax payable | 4,761 |  | 2,710 |  |

| Directors' current accounts | 15,049 |  | 13,977 |  |

| Accrued expenses | 847 |  | 809 |  |

38,736 |  | 35,575 |  |

Greenwills Ltd (Registered number: 04609776)

Notes to the Financial Statements - continued

for the Year Ended 31st December 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans - 1-2 years | 13,764 |  | 13,764 |  |

| Bank loans - 2-5 years | 41,291 |  | 41,291 |  |

| Bank loans more 5 yr by instal | 28,854 |  | 43,798 |  |

| Hire purchase contracts | 14,554 |  | 18,869 |  |

98,463 |  | 117,722 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 28,854 |  | 43,798 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.25 |  | 31.12.24

£ | £ |

| Bank loans | 97,673 |  | 112,617 |  |

| Hire purchase contracts | 18,869 |  | 23,184 |  |

116,542 |  | 135,801 |  |

| There is a fixed and floating charge and a negative pledge with Lloyds Bank PLC relating to the two investment properties over the undertaking and all property and assets of the company.

| The hire purchase creditors are secured on the assets they are financing.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.25 |  | 31.12.24

| value: | £ | £ |

| 75 | Ordinary A | £1 | 75 |  | 75 |  |

| 75 | Ordinary B | £1 | 75 |  | 75 |  |

150 |  | 150 |  |

| The A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

| The B Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

| The A and B Shares rank pari passu in respect of dividend and capital distribution rights.

Greenwills Ltd (Registered number: 04609776)

Notes to the Financial Statements - continued

for the Year Ended 31st December 2025

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31st December 2025 and 31st December 2024:

| 31.12.25 |  | 31.12.24

£ | £ |

| Dr E Kamel

| Balance outstanding at start of year | (13,977 | ) | (12,905 | ) |

| Amounts advanced | 240 |  | 240 |  |

| Amounts repaid | (1,312 | ) | (1,312 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (15,049 | ) | (13,977 | ) |

| The loan is repayable on demand and no interest was charged during the year.

12. | CONTROL

| The ultimate controlling party is Dr Essam Kamel by virtue of holding 100% of the voting rights.