ACCOUNTS - Final Accounts preparation

Registered number: 08547227

WILLEY ESTATE LEISURE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

WILLEY ESTATE LEISURE LIMITED

REGISTERED NUMBER: 08547227

BALANCE SHEET

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

FIXED ASSETS
Tangible assets	4		587,602		587,910
			587,602		587,910
CURRENT ASSETS
Debtors: amounts falling due within one year	5	19,163		28,192
Cash at bank and in hand	6	2,770		13,492
		21,933		41,684
Creditors: amounts falling due within one year	7	(583,583)		(575,523)
NET CURRENT LIABILITIES			(561,650)		(533,839)
TOTAL ASSETS LESS CURRENT LIABILITIES			25,952		54,071

NET ASSETS			25,952		54,071

CAPITAL AND RESERVES
Called up share capital	9	100	100
Profit and loss account		25,852	53,971
		25,952	54,071

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WILLEY ESTATE LEISURE LIMITED

REGISTERED NUMBER: 08547227

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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

The Hon Mrs S L Graham

Director

Date: 11 July 2026

The notes on pages 3 to 7 form part of these financial statements.

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WILLEY ESTATE LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	GENERAL INFORMATION

Willey Estates Leisure Limited (08547227) ("the company") is a rental business.

The company is a private company limited by shares and is incorporated and domiciled in England. The
address of its registered office is The Estate Office, Willey, Broseley, Shropshire TF12 5JN.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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WILLEY ESTATE LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.3

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.4

CURRENT AND DEFERRED TAXATION

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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WILLEY ESTATE LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.ACCOUNTING POLICIES (CONTINUED)

2.5

TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Freehold property	-		Not Depreciated
				Fixtures and fittings	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

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.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2025 - 2).

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WILLEY ESTATE LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

4.	TANGIBLE FIXED ASSETS

	Freehold property	Fixtures and fittings	Total
	£	£	£
COST OR VALUATION
At 1 April 2025	587,602	6,715	594,317
At 31 March 2026	587,602	6,715	594,317
DEPRECIATION
At 1 April 2025	-	6,407	6,407
Charge for the year on owned assets	-	308	308
At 31 March 2026	-	6,715	6,715
NET BOOK VALUE
At 31 March 2026	587,602	-	587,602
At 31 March 2025	587,602	308	587,910

DEBTORS

					2026	2025
					£	£


Trade debtors	(377)	2,418
Prepayments and accrued income	3,378	3,379
Deferred taxation	16,162	22,395
	19,163	28,192

6.	CASH AND CASH EQUIVALENTS
		2026	2025
		£	£

Cash at bank and in hand	2,770	13,492
	2,770	13,492

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WILLEY ESTATE LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2026	2025
		£	£

Trade creditors	908	6,483
Other creditors	579,603	566,112
Accruals and deferred income	3,072	2,928
	583,583	575,523

8.	DEFERRED TAXATION

		2026
		£

	At beginning of year	22,395
	Charged to profit or loss	(6,233)
	AT END OF YEAR	16,162

The deferred tax asset is made up as follows:
	2026	2025
	£	£

	Tax losses carried forward	16,162	22,395
		16,162	22,395

9.	SHARE CAPITAL
		2026	2025
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

100 (2025 - 100) Ordinary shares of £1.00 each	100	100

10.	RELATED PARTY TRANSACTIONS
	Included within creditors is an amount totalling £360,000 (2025: £360,972) due to Willey Estates (1994) Company. This amount does not accrue interest and is repayable on demand.

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