Company No: 08577162 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

A J Thompson

REGISTERED OFFICE	1 Cherwell Mews
	London
	SW11 1AF
	United Kingdom

COMPANY NUMBER

08577162 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	9,177		13,363
Investment property	4	8,170,000		8,170,000
		8,179,177		8,183,363
Current assets
Debtors
- due within one year	5	34,339		12,446
- due after more than one year	5	33,000		33,000
Cash at bank and in hand	6	44,459		43,732
		111,798		89,178
Creditors: amounts falling due within one year	7	( 4,609,407)		( 56,292)
Net current (liabilities)/assets		(4,497,609)		32,886
Total assets less current liabilities		3,681,568		8,216,249
Creditors: amounts falling due after more than one year	8	0		( 4,552,600)
Provision for liabilities	9	( 740,706)		( 739,518)
Net assets		2,940,862		2,924,131
Capital and reserves
Called-up share capital		1		1
Revaluation reserve		1,983,090		1,983,090
Profit and loss account		957,771		941,040
Total shareholder's funds		2,940,862		2,924,131

For the financial year ending 30 April 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Cherwell Woodlands Way Limited (registered number: 08577162) were approved and authorised for issue by the Director on 08 September 2026. They were signed on its behalf by:

A J Thompson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cherwell Woodlands Way Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Cherwell Mews, London, SW11 1AF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Comprehensive Income in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery

4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

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 profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 May 2025	25,386		25,386
Additions	1,600		1,600
At 30 April 2026	26,986		26,986
Accumulated depreciation
At 01 May 2025	12,023		12,023
Charge for the financial year	5,786		5,786
At 30 April 2026	17,809		17,809
Net book value
At 30 April 2026	9,177		9,177
At 30 April 2025	13,363		13,363

4. Investment property

	Investment property
	£
Valuation
As at 01 May 2025	8,170,000
As at 30 April 2026	8,170,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2026		2025
	£		£
Historic cost	5,463,602		5,463,602

5. Debtors

	2026		2025
	£		£
Debtors: amounts falling due within one year
Amounts owed by Parent undertakings	3,025		1,711
Amounts owed by related parties	1,314		10,735
Other debtors	30,000		0
	34,339		12,446
Debtors: amounts falling due after more than one year
Short term loans to Group companies	33,000		33,000

6. Cash and cash equivalents

	2026		2025
	£		£
Cash at bank and in hand	44,459		43,732

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	4,552,600		0
Amounts owed to director	22,163		4,885
Accruals	1,995		1,900
Taxation and social security	5,342		13,824
Other creditors	27,307		35,683
	4,609,407		56,292

8. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	0		4,552,600

There are no amounts included above in respect of which any security has been given by the small entity.

9. Deferred tax

	2026		2025
	£		£
At the beginning of financial year	( 739,518)		( 734,358)
Charged to the Profit and Loss Account	( 1,188)		( 5,160)
At the end of financial year	( 740,706)		( 739,518)

10. Ultimate controlling party

Parent Company:

Windmill Group Holdings Limited

1 Cherwell Mews, London, England, SW11 1AF