REGISTERED NUMBER: 04609776 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2025

for

Greenwills Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

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.

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

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.

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

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

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.

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