REGISTERED NUMBER: 07887160 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

WILLOWLAND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Rahim Virani

Karim Virani

SECRETARY:

Paul Davis

REGISTERED OFFICE:

Crown House

North Circular Road

London

NW10 7PN

REGISTERED NUMBER:

07887160 (England and Wales)

AUDITORS:

UHY Affinia

Chartered Accountants & Statutory Auditor

168 Church Road

Hove

East Sussex

BN3 2DL

FIXED ASSETS

Tangible assets

4

1,863,233

1,863,233

CURRENT ASSETS

Debtors

5

669,599

588,638

Cash at bank and in hand

84,801

25,350

754,400

613,988

CREDITORS

Amounts falling due within one year

6

1,112,125

1,041,251

NET CURRENT LIABILITIES

(357,725

)

(427,263

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,505,508

1,435,970

PROVISIONS FOR LIABILITIES

209,649

206,749

NET ASSETS

1,295,859

1,229,221

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

423,260

423,260

Retained earnings

872,499

805,861

1,295,859

1,229,221

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

Rahim Virani - Director

1.	STATUTORY INFORMATION

Willowland Limited is a private company, limited by shares, registered in England and Wales. The company's registered office is Crown House, North Circular Road, Park Royal, London NW10 7PN.

2.	ACCOUNTING POLICIES

Accounting convention

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.

The financial statements are prepared in sterling, which is the functional currency of the entity

Going concern

In accordance with their responsibilities, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.

For this purpose, the directors have considered the adequacy of the company's cash resources covering the period 12 months ahead of the approval of these financial statements.

The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing these financial statements.

Critical accounting judgements and key sources of estimation uncertainty

Significant Judgements

The significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Property Valuations

Properties are valued annually at fair value by the directors. Fair value is ascertained through review of a number of factors to include market knowledge and market yields. There is an inevitable degree of judgement involved and value can only ultimately be reliably tested in the market itself.

Turnover

Turnover represents amounts receivable from rents charged to tenants and the invoice value of other services supplied net of VAT and trade discounts.

Turnover is recognised when the rent is due from tenants on an accruals basis.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are accounted for as follows:

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value. The surplus or deficit on revaluation is recognized in the income statement and accumulated in the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in retained earnings for the year.

Taxation

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.

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 1 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2025

and 31 March 2026

1,863,233

NET BOOK VALUE

At 31 March 2026

1,863,233

At 31 March 2025

1,863,233

The freehold property was valued on 31 March 2026 on a fair value basis as at that date by the directors.

In respect of fixed assets stated at valuation, the historical cost was £1,277,024.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

34,075

43,263

Amounts owed by group undertakings

551,882

540,829

Other debtors

82,212

4,030

VAT

1,430

516

669,599

588,638

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

95,318

58,750

Tax

24,390

8,585

Social security and other taxes

310

394

Other creditors

654,681

657,827

Accruals and deferred income

337,426

315,695

1,112,125

1,041,251

7.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

423,260

The company has the following reserves, the movements of which in the current and prior years are shown in the statements of changes in equity:

Called-up share capital

Called-up share capital represents the nominal value of shares that have been issued.

Revaluation reserve (non-distributable)

The revaluation reserve is used to record increases in the fair value of properties and decreases to the extent that such decreases relates to an increase on the same asset, net of deferred tax.

Retained earnings

The retained earnings represent all current and prior period retained profits and losses.

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Guest FCA (Senior Statutory Auditor)

for and on behalf of UHY Affinia

9.	RELATED PARTY DISCLOSURES

At 31 March 2026, other creditors included loans from shareholders with significant influence amounting to £449,950 (2025: £449,950). The loans are interest free, unsecured and repayable on demand

10.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking of the Company is Cygnet Properties and Leisure Plc, a company incorporated in England and Wales. The registered office of Cygnet Properties and Leisure Plc is Crown House, North Circular Road, London, NW10 7PN.

Cygnet Properties and Leisure Plc is the parent undertaking of the smallest group of undertakings for which group accounts are prepared and of which the Company is a member.