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Registration number: 12620418

Willcock Property Investments Ltd Unaudited Financial Statements for the Year Ended 31 May 2025
Brebners Chartered Accountants 1 Suffolk Way Sevenoaks Kent TN13 1YL

Willcock Property Investments Ltd

Statement of Financial Position as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 450,000 | 450,000
Current assets |  |  |
Debtors | 5 | 200 | 136
Cash at bank and in hand |  | 3,265 | 1,922
|  | 3,465 | 2,058
Creditors: Amounts falling due within one year | 6 | (102,415) | (112,777)
Net current liabilities |  | (98,950) | (110,719)
Total assets less current liabilities |  | 351,050 | 339,281
Creditors: Amounts falling due after more than one year | 6 | (339,545) | (339,545)
Provisions for liabilities |  | (2,277) | -
Net assets/(liabilities) |  | 9,228 | (264)
Capital and reserves |  |  |
Called up share capital |  | 3 | 3
Retained earnings |  | 9,225 | (267)
Shareholders' funds/(deficit) |  | 9,228 | (264)

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Willcock Property Investments Ltd have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Willcock Property Investments Ltd

Statement of Financial Position as at 31 May 2025

Approved and authorised by the Board on 19 August 2026 and signed on its behalf by:

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

P Willcock

Director

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

T M Willcock

Director

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

M Willcock

Director

Company registration number: 12620418

Willcock Property Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 The Ambition Broxbourne Business Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ

The principal activity of the company is that of property investment.

2 | Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 May 2025 but had net current liabilities at that date amounting to £98,950. At 31 May 2025 an aggregate amount of £99,055 was due to the directors and a company under their control, all of who have confirmed that they will not seek repayment until such time as the company has sufficient working capital. They have also confirmed that further amounts will be advanced to the company, if required.
Having made sufficient enquires, and based upon the above, the directors have a reasonable expectation that the company has adequate resources to continue operating in the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. The company recognises rental income equally over the period of the lease or licence.

Tax

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

Willcock Property Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0).

Willcock Property Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Investment properties

| 2025 £
Fair value
At 1 June 2024 | 450,000
At 31 May 2025 | 450,000

The investment properties are stated at fair value at 31 May 2025 as estimated by the directors at an amount of
£450,000.

5 | Debtors

| 2025 £ | 2024 £
Other debtors | 200 | 136
| 200 | 136

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Accruals and deferred income | 3,360 | 1,680
Other creditors | 99,055 | 111,097
| 102,415 | 112,777

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Loans and borrowings | 7 | 339,545 | 339,545

| 2025 £ | 2024 £
Due after more than five years |  |
After more than five years other than by instalments | 339,545 | 339,545

|  | -

Willcock Property Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

7 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank loan | 339,545 | 339,545

The bank loan is secured by a fixed charge on the company's investment property.

8 | Profit and loss Reserve

The amount of the profit and loss reserve that is non-distributable is £22,781 (2024: £25,058).