1.
General Information
Woodland Investment Management Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
01705939
. The registered office is 19 Half Moon Lane, London, SE24 9JU.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency of these financial statements is Sterling (£). All amounts in these financial statements have been rounded to the nearest pound unless stated otherwise.
Summary of significant accounting policies and key accounting estimates
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.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'
2.2.
Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company
has adequate resources to continue in operational existence for the foreseeable future. The directors have
considered relevant information, including the future cash flows and the impact of subsequent events in making
their assessment. Based on these assessments and having regard to the resources available, the directors have
concluded that they can continue to adopt the going concern basis in the financial statements
2.3.
Significant judgements and estimations
The preparation of the financial statements necessarily requires the exercise of judgement, both in application of accounting policies and in the selection of assumptions used in the calculation of estimates. These estimates and judgements are reviewed on an ongoing basis and are continually evaluated based on historical experience and other factors. However, actual results may differ from these estimates.
2.4.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
2.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
|
| Fixtures & Fittings |
|
2.6.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
Woodland Investment Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.7.
Investments
Listed investments are valued at fair value through the profit and loss account. Fair value is the closing bid or last traded price according to the recognised convention of the markets on which they are quoted.
2.8.
Stocks and Work in Progress
Stocks comprise the holdings of woodlands and are stated at the lower of cost and estimated selling price less
costs to complete and sell.
At each reporting date, an assessment is made for impairment. Any excess o! the carrying amount of
inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss
in the statement of comprehensive income Reversals of impairment losses are also recognised in the statement
of comprehensive income.
2.9.
Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.10.
Financial Instruments
Classification
The entity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.12.
Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
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 ere 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 enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.
2.13.
Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.
Debtors
Short-term debtors are measured at a transaction price, less any impairment. Loans receivable are measured at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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.
Woodland Investment Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.14.
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 profit and loss account 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.
Turnover
The turnover and profit before taxation are attributable to the one principal activity of the company.
Analysis of turnover by class of business is as follows:
Analysis of turnover by class of business is as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 9,549,574 | 10,910,188 | ||
4.
Operating Profit
The operating profit is stated after charging:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation of tangible fixed assets |
|
|
|
5.
Auditor's Remuneration
Remuneration received by the company's auditors and their associates during the year was as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
|
|
|
6.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| Office and administration |
|
|
|
|
|
|
||
Woodland Investment Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7.
Interest Receivable and Similar Income
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Deposit account interest |
|
|
|
| Franked Dividends | 138,113 | 175,248 | |
| 138,265 | 178,444 | ||
8.
Interest Payable and Similar Charges
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts |
|
|
|
| Foreign exchange charges | - |
( |
|
| Other finance charges |
|
|
|
| 8,542 | 45,703 | ||
9.
Tax on Profit
The tax charge on the profit for the year was as follows:
| Tax Rate | 2025 | 2024 | |||
|---|---|---|---|---|---|
| 2025 | 2024 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 25.0% |
|
|
|
| Prior period adjustment |
( |
|
|||
|
|
|
||||
| Deferred Tax | |||||
| Deferred taxation |
( |
|
|||
| Total tax charge for the period |
|
|
|||
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Profit before tax | 2,353,355 | 3,469,349 | |||
| Tax on profit at 25% (UK standard rate) |
|
|
|||
| Goodwill/depreciation not allowed for tax |
|
|
|||
| Capital allowances |
( |
|
|||
| Prior period adjustment |
( |
|
|||
| Revenue exempt from taxation |
( |
( |
|||
| Dividends from companies |
( |
( |
|||
| Current tax from unrecognised tax loss or credit |
( |
|
|||
| Deferred tax from unrecognised tax loss or credit |
( |
|
|||
| Total tax charge for the period | 164,404 | 812,191 | |||
Woodland Investment Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
10.
Tangible Assets
| Land & Property | |||
|---|---|---|---|
| Freehold | Fixtures & Fittings | Total | |
| £ | £ | £ | |
| Cost | |||
| As at 1 January 2025 |
|
|
|
| As at 31 December 2025 |
|
|
|
| Depreciation | |||
| As at 1 January 2025 |
|
|
|
| Provided during the period |
|
|
|
| As at 31 December 2025 |
|
|
|
| Net Book Value | |||
| As at 31 December 2025 |
|
|
|
| As at 1 January 2025 |
|
|
|
11.
Investment Property
| 2025 | |
|---|---|
| £ | |
| Fair Value | |
| As at 1 January 2025 |
|
| Additions |
|
| As at 31 December 2025 |
|
The directors have valued the company's investments at the balance sheet date at their fair value. Fair value is not based on a valuation by an independent valuer.
On a historical cost basis, the investment properties would have been included at a cost of £7,748,151 (2024: £7,615,759).
On a historical cost basis, the investment properties would have been included at a cost of £7,748,151 (2024: £7,615,759).
12.
Investments
| Listed | |
|---|---|
| £ | |
| Cost or Valuation | |
| As at 1 January 2025 |
|
| Additions |
|
| Disposals |
( |
| Revaluations |
( |
| As at 31 December 2025 |
|
| Provision | |
| As at 1 January 2025 |
|
| As at 31 December 2025 |
|
| Net Book Value | |
| As at 31 December 2025 |
|
| As at 1 January 2025 |
|
Woodland Investment Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
The original cost of the investments are £4,524,441 and the cost or valuation at 31 December 2025 is represented by:
|
Listed
|
|
|
investments
|
|
|
£
|
|
|
Valuation in 2015
|
1,645,583
|
|
Valuation in 2016
|
(819,930)
|
|
Valuation in 2017
|
1,010,714
|
|
Valuation in 2018
|
(1,221,481)
|
|
Valuation in 2019
|
2,555,615
|
|
Valuation in 2020
|
3,223,315
|
|
Valuation in 2021
|
5,491,613
|
|
Valuation in 2022
|
(7,888,322)
|
|
Valuation in 2023
|
(1,352,011)
|
|
Valuation in 2024
|
1,795,403
|
|
Valuation in 2025
|
(1,176,089)
|
|
Cost
|
4,524,441
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
|
7,788,851
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
13.
Stocks
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
14.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Dulwich Storage Company Ltd | - |
|
|
| Hargreaves Lansdown |
|
|
|
| Dowgate Capital |
|
|
|
| Bell House Dulwich Charity |
|
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|
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||
15.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Corporation tax |
|
|
|
| Other creditors (1) |
|
|
|
| Liquidators of Giant Games Ltd |
|
|
|
| Family Forest Trust | - |
|
|
| Accrued expenses |
|
|
|
| Rents received in advance |
|
|
|
|
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||
Woodland Investment Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
16.
Deferred Taxation
The provision for deferred tax is made up as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 695,074 | 989,096 | |
17.
Provisions for Liabilities
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 January 2025 |
|
989,096 |
| Utilised |
( |
(294,022) |
| Balance at 31 December 2025 |
|
695,074 |
19.
Reserves
| Fair value reserve | Profit and Loss Account | |
|---|---|---|
| £ | £ | |
| As at 1 January 2025 |
|
|
| Profit for the year and total comprehensive income | - |
|
| Transfer to/from Fair value reserve | - | 882,067 |
| Transfer to/from Profit & Loss Account |
( |
- |
| As at 31 December 2025 |
|
|
20.
Related Party Disclosures
A T Hanton, the company's director is also a director in Dulwich Storage Company Ltd
The company has a loan due to Giant Games Ltd of £200,000 (2024: £200,000). GGL went into voluntary liquidation in September 2021 and this amount is still outstanding.
During the year, the company repaid a loan of £500,000 to Family Forest Trust in full.
A T Hanton, the company's director is the executor of the Family Forest Trust.
During the year, the company made an unsecured loan of £2,000,000 to Bell House Dulwich, a charity in which A T Hanton and P A Hanton are both trustees. This loan is interest free and due for repayment in 2045. This amount was outstanding at the year-end and is included in debtors. The company also donated shares to the charity to the value of £1,942,655.
During the year, the amounts due from Dulwich Storage Company Ltd of £1,000,000 was repaid in full.
A T Hanton, the company's director is also a director in Dulwich Storage Company Ltd
The company has a loan due to Giant Games Ltd of £200,000 (2024: £200,000). GGL went into voluntary liquidation in September 2021 and this amount is still outstanding.
A T Hanton, the company's director was also a director and controlling shareholder in Giant Games Limited.
During the year, the company repaid a loan of £500,000 to Family Forest Trust in full.
A T Hanton, the company's director is the executor of the Family Forest Trust.
During the year, the company made an unsecured loan of £2,000,000 to Bell House Dulwich, a charity in which A T Hanton and P A Hanton are both trustees. This loan is interest free and due for repayment in 2045. This amount was outstanding at the year-end and is included in debtors. The company also donated shares to the charity to the value of £1,942,655.
During the year the company gifted land valued at £134,541 to the charity Green Allotments in which A T Hanton is a trustee.