{ "documentInfo": { "documentType": "https://xbrl.org/2021/xbrl-json", "features": { "xbrl:canonicalValues": true }, "namespaces": { "ifrs-full": "https://xbrl.ifrs.org/taxonomy/2024-03-27/ifrs-full", "iso4217": "http://www.xbrl.org/2003/iso4217", "scheme": "http://standards.iso.org/iso/17442", "winv": "http://www.worsleyinvestors.com/2025-03-31", "xbrl": "https://xbrl.org/2021", "xbrli": "http://www.xbrl.org/2003/instance" }, "taxonomy": [ "http://www.worsleyinvestors.com/2025-03-31/213800AF85VEZMDMF931-2025-03-31.xsd" ] }, "facts": { "ifrs-full_DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities_E10_CY": { "value": "The Company is an Authorised closed-ended investment company domiciled in Guernsey, registered under the provision of the Companies (Guernsey) Law, 2008. The Company trades on the Main Market of the London Stock Exchange. Following the 29 July 2024 UK listing reforms, the Company was automatically mapped into the Equity Shares (Commercial Companies) (\u201cESCC\u201d) category, having previously held a premium listing on the Official List. Trading in the Company's ordinary shares commenced on 18 April 2005. The Company and the entities listed in note 2(f) to the Financial Statements together comprise the \u201cGroup\u201d. ", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "winv_RentalIncome_D680204688_CY": { "value": "699000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RentalIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_RentalIncome_D680204688_PY": { "value": "823000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RentalIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_RentalReceivableWriteOff_D1736426068_CY": { "value": "44000.0", "decimals": -3, "dimensions": { "concept": "winv:RentalReceivableWriteOff", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_RentalReceivableWriteOff_D1736426068_PY": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "winv:RentalReceivableWriteOff", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_PropertyOperatingExpenses_D1996870173_CY": { "value": "162000.0", "decimals": -3, "dimensions": { "concept": "winv:PropertyOperatingExpenses", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_PropertyOperatingExpenses_D1996870173_PY": { "value": "150000.0", "decimals": -3, "dimensions": { "concept": "winv:PropertyOperatingExpenses", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_NetPropertyIncome_D852240492_CY": { "value": "493000.0", "decimals": -3, "dimensions": { "concept": "winv:NetPropertyIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_NetPropertyIncome_D852240492_PY": { "value": "673000.0", "decimals": -3, "dimensions": { "concept": "winv:NetPropertyIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_NetGainOnInvestmentsAtFairValueThroughProfitOrLoss_D358534803_CY": { "value": "1240000.0", "decimals": -3, "dimensions": { "concept": "winv:NetGainOnInvestmentsAtFairValueThroughProfitOrLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_NetGainOnInvestmentsAtFairValueThroughProfitOrLoss_D358534803_PY": { "value": "183000.0", "decimals": -3, "dimensions": { "concept": "winv:NetGainOnInvestmentsAtFairValueThroughProfitOrLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_ImpairmentLossRecognisedInProfitOrLossInvestmentProperty_D1239614332_CY": { "value": "3197000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ImpairmentLossRecognisedInProfitOrLossInvestmentProperty", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_ImpairmentLossRecognisedInProfitOrLossInvestmentProperty_D1239614332_PY": { "value": "211000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ImpairmentLossRecognisedInProfitOrLossInvestmentProperty", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_LeaseIncentiveWriteOff_D528557671_CY": { "value": "568000.0", "decimals": -3, "dimensions": { "concept": "winv:LeaseIncentiveWriteOff", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_LeaseIncentiveWriteOff_D528557671_PY": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "winv:LeaseIncentiveWriteOff", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_GeneralAndAdministrativeExpense_D1240030320_CY": { "value": "689000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:GeneralAndAdministrativeExpense", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_GeneralAndAdministrativeExpense_D1240030320_PY": { "value": "573000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:GeneralAndAdministrativeExpense", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_ProfitLossBeforeTax_E32_CY": { "value": "-2721000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_ProfitLossBeforeTax_E32_PY": { "value": "72000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_IncomeTaxExpenseContinuingOperations_E33_CY": { "value": "89000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_IncomeTaxExpenseContinuingOperations_E33_PY": { "value": "117000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_D1665770741_CY": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity_D1665770741_PY": { "value": "75000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DeferredTaxRelatingToItemsChargedOrCreditedDirectlyToEquity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_ProfitLoss_E36_CY": { "value": "-2810000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_ProfitLoss_E36_PY": { "value": "30000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_D1174713874_CY": { "value": "-170000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_D1174713874_PY": { "value": "-188000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_D1410078955_CY": { "value": "-170000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_D1410078955_PY": { "value": "-188000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_ComprehensiveIncome_D290282884_CY": { "value": "-2980000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_ComprehensiveIncome_D290282884_PY": { "value": "-158000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_BasicAndDilutedEarningsLossPerShare_D505036819_CY": { "value": "-0.0833", "decimals": 2, "dimensions": { "concept": "winv:BasicAndDilutedEarningsLossPerShare", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "winv_BasicAndDilutedEarningsLossPerShare_D505036819_PY": { "value": "0.0009", "decimals": 2, "dimensions": { "concept": "winv:BasicAndDilutedEarningsLossPerShare", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "fact1": { "value": "-44446000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "winv:RevenueReserveMember", "unit": "iso4217:GBP" } }, "fact2": { "value": "47263000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "fact3": { "value": "12002000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GBP" } }, "fact4": { "value": "14819000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00", "unit": "iso4217:GBP" } }, "fact5": { "value": "30000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "winv:RevenueReserveMember", "unit": "iso4217:GBP" } }, "fact6": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "fact7": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GBP" } }, "fact8": { "value": "30000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "fact9": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "winv:RevenueReserveMember", "unit": "iso4217:GBP" } }, "fact10": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "fact11": { "value": "-188000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GBP" } }, "fact12": { "value": "-188000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "fact13": { "value": "-44416000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "winv:RevenueReserveMember", "unit": "iso4217:GBP" } }, "fact14": { "value": "47263000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "fact15": { "value": "11814000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GBP" } }, "fact16": { "value": "14661000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "fact17": { "value": "-44416000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "winv:RevenueReserveMember", "unit": "iso4217:GBP" } }, "fact18": { "value": "47263000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "fact19": { "value": "11814000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GBP" } }, "fact20": { "value": "14661000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "fact21": { "value": "-2810000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "winv:RevenueReserveMember", "unit": "iso4217:GBP" } }, "fact22": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "fact23": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GBP" } }, "fact24": { "value": "-2810000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "fact25": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "winv:RevenueReserveMember", "unit": "iso4217:GBP" } }, "fact26": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "fact27": { "value": "-170000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GBP" } }, "fact28": { "value": "-170000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "fact29": { "value": "-47226000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "winv:RevenueReserveMember", "unit": "iso4217:GBP" } }, "fact30": { "value": "47263000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember", "unit": "iso4217:GBP" } }, "fact31": { "value": "11644000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember", "unit": "iso4217:GBP" } }, "fact32": { "value": "11681000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_InvestmentProperty_E8_CY": { "value": "2345000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InvestmentProperty", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_InvestmentProperty_E8_PY": { "value": "5661000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InvestmentProperty", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_NonCurrentLeaseIncentive_D210055915_CY": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "winv:NonCurrentLeaseIncentive", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_NonCurrentLeaseIncentive_D210055915_PY": { "value": "570000.0", "decimals": -3, "dimensions": { "concept": "winv:NonCurrentLeaseIncentive", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CashAndCashEquivalents_E29_CY": { "value": "594000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CashAndCashEquivalents_E29_PY": { "value": "657000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CurrentFinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_D1062069073_CY": { "value": "8885000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentFinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CurrentFinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_D1062069073_PY": { "value": "8009000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentFinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_CurrentLeaseIncentive_D1776438670_CY": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "winv:CurrentLeaseIncentive", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_CurrentLeaseIncentive_D1776438670_PY": { "value": "56000.0", "decimals": -3, "dimensions": { "concept": "winv:CurrentLeaseIncentive", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_TradeAndOtherCurrentReceivables_E24_CY": { "value": "83000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_TradeAndOtherCurrentReceivables_E24_PY": { "value": "32000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentReceivables", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CurrentTaxAssetsCurrent_E25_CY": { "value": "20000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentTaxAssetsCurrent", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CurrentTaxAssetsCurrent_E25_PY": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CurrentTaxAssetsCurrent", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_Assets_E34_CY": { "value": "11927000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_Assets_E34_PY": { "value": "14985000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_TradeAndOtherCurrentPayables_E63_CY": { "value": "246000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_TradeAndOtherCurrentPayables_E63_PY": { "value": "268000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayables", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CurrentTaxLiabilitiesCurrent_E64_CY": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CurrentTaxLiabilitiesCurrent_E64_PY": { "value": "56000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_Liabilities_E70_CY": { "value": "246000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_Liabilities_E70_PY": { "value": "324000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Liabilities", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_NetAssetsLiabilities_D1156438881_CY": { "value": "11681000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_NetAssetsLiabilities_D1156438881_PY": { "value": "14661000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NetAssetsLiabilities", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_RevenueReserve_D1528669793_CY": { "value": "-47226000.0", "decimals": -3, "dimensions": { "concept": "winv:RevenueReserve", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_RevenueReserve_D1528669793_PY": { "value": "-44418000.0", "decimals": -3, "dimensions": { "concept": "winv:RevenueReserve", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CapitalReserve_D1049742578_CY": { "value": "47263000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CapitalReserve", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CapitalReserve_D1049742578_PY": { "value": "47263000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CapitalReserve", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_ReserveOfExchangeDifferencesOnTranslation_D306970975_CY": { "value": "11644000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ReserveOfExchangeDifferencesOnTranslation", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_ReserveOfExchangeDifferencesOnTranslation_D306970975_PY": { "value": "11816000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ReserveOfExchangeDifferencesOnTranslation", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_Equity_E45_CY": { "value": "11681000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_Equity_E45_PY": { "value": "14661000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_NumberOfSharesIssued_D329439953_CY": { "value": "337409.29", "decimals": 2, "dimensions": { "concept": "ifrs-full:NumberOfSharesIssued", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "xbrli:shares" } }, "ifrs-full_NumberOfSharesIssued_D329439953_PY": { "value": "337409.29", "decimals": 2, "dimensions": { "concept": "ifrs-full:NumberOfSharesIssued", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "xbrli:shares" } }, "ifrs-full_ParValuePerShare_D1971281888_CY": { "value": "34.62", "decimals": 0, "dimensions": { "concept": "ifrs-full:ParValuePerShare", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "ifrs-full_ParValuePerShare_D1971281888_PY": { "value": "43.45", "decimals": 0, "dimensions": { "concept": "ifrs-full:ParValuePerShare", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP/xbrli:shares" } }, "ifrs-full_ProfitLossBeforeTax_D1733991469_CY": { "value": "-2721000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_ProfitLossBeforeTax_D1733991469_PY": { "value": "72000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_UnrealisedValuationLossOnInvestmentProperty_D305851846_CY": { "value": "3242000.0", "decimals": -3, "dimensions": { "concept": "winv:UnrealisedValuationLossOnInvestmentProperty", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_UnrealisedValuationLossOnInvestmentProperty_D305851846_PY": { "value": "303000.0", "decimals": -3, "dimensions": { "concept": "winv:UnrealisedValuationLossOnInvestmentProperty", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_AdjustmentsForLeaseIncentiveWriteOff_D2090105131_CY": { "value": "568000.0", "decimals": -3, "dimensions": { "concept": "winv:AdjustmentsForLeaseIncentiveWriteOff", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_AdjustmentsForLeaseIncentiveWriteOff_D2090105131_PY": { "value": "0.0", "decimals": 0, "dimensions": { "concept": "winv:AdjustmentsForLeaseIncentiveWriteOff", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_AdjustmentsForInvestmentIncome_D1826751320_CY": { "value": "-1240000.0", "decimals": -3, "dimensions": { "concept": "winv:AdjustmentsForInvestmentIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_AdjustmentsForInvestmentIncome_D1826751320_PY": { "value": "-183000.0", "decimals": -3, "dimensions": { "concept": "winv:AdjustmentsForInvestmentIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_AdjustmentsForDividendIncome_D1849791390_CY": { "value": "-804000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDividendIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_AdjustmentsForDividendIncome_D1849791390_PY": { "value": "-592000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDividendIncome", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables_D813051730_CY": { "value": "8000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables_D813051730_PY": { "value": "22000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables_D1281794723_CY": { "value": "-22000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables_D1281794723_PY": { "value": "90000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_PurchaseOfInvestmentsHeldAtFairValueThroughProfitOrLoss_D1119408113_CY": { "value": "1207000.0", "decimals": -3, "dimensions": { "concept": "winv:PurchaseOfInvestmentsHeldAtFairValueThroughProfitOrLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_PurchaseOfInvestmentsHeldAtFairValueThroughProfitOrLoss_D1119408113_PY": { "value": "793000.0", "decimals": -3, "dimensions": { "concept": "winv:PurchaseOfInvestmentsHeldAtFairValueThroughProfitOrLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_ProceedsOnSaleOfInvestmentsHeldAtFairValueThroughProfitOrLoss_D224002162_CY": { "value": "708000.0", "decimals": -3, "dimensions": { "concept": "winv:ProceedsOnSaleOfInvestmentsHeldAtFairValueThroughProfitOrLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "winv_ProceedsOnSaleOfInvestmentsHeldAtFairValueThroughProfitOrLoss_D224002162_PY": { "value": "214000.0", "decimals": -3, "dimensions": { "concept": "winv:ProceedsOnSaleOfInvestmentsHeldAtFairValueThroughProfitOrLoss", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CashFlowsFromUsedInOperations_E25_CY": { "value": "140000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CashFlowsFromUsedInOperations_E25_PY": { "value": "317000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperations", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_E30_CY": { "value": "168000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_E30_PY": { "value": "192000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CashFlowsFromUsedInOperatingActivities_E32_CY": { "value": "-28000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CashFlowsFromUsedInOperatingActivities_E32_PY": { "value": "125000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_E75_CY": { "value": "-35000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_E75_PY": { "value": "-9000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_E73_CY": { "value": "-63000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_E73_PY": { "value": "116000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00/2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CashAndCashEquivalents_E77_CY": { "value": "657000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CashAndCashEquivalents_E77_PY": { "value": "541000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800AF85VEZMDMF931", "period": "2023-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CashAndCashEquivalents_E78_CY": { "value": "594000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800AF85VEZMDMF931", "period": "2025-04-01T00:00:00", "unit": "iso4217:GBP" } }, "ifrs-full_CashAndCashEquivalents_E78_PY": { "value": "657000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashAndCashEquivalents", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00", "unit": "iso4217:GBP" } }, "fact_ifrs-full_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory_E61_CY": { "value": "
1. Operations
Worsley Investors Limited (the \"Company\") is a limited liability, closed-ended investment company incorporated in Guernsey.
The Company historically invested in commercial property in Europe held through subsidiaries. The Company\u2019s current
investment objective is to provide Shareholders with an attractive level of absolute long-term return, principally through the
capital appreciation and exit of undervalued securities. The existing real estate asset of the Company will be realised in an orderly
manner, that is with a view to optimising the disposal value of such asset.
The Consolidated Financial Statements (the \u201cFinancial Statements\u201d) of the Company for the year ended 31 March 2025 comprise
the Financial Statements of the Company and its subsidiaries (together referred to as the \"Group\").
Please refer to the Investment Policy on pages 61 and 62. The Company\u2019s registered office is included on page 63.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification_E3_CY": { "value": "Worsley Investors Limited ", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "ifrs-full_NameOfParentEntity_E11_CY": { "value": "Worsley Investors Limited ", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "ifrs-full_DomicileOfEntity_E5_CY": { "value": "Guernsey", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "ifrs-full_CountryOfIncorporation_E7_CY": { "value": "Guernsey", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "ifrs-full_PrincipalPlaceOfBusiness_E9_CY": { "value": "Guernsey", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory_E2_CY": { "value": "
2. Material accounting policies
(a) Basis of preparation
The Financial Statements, which show a true and fair view, have been prepared in accordance with IFRS Accounting Standards
(\u201cIFRS\u201d) as issued by the International Accounting Standards Board (\u201cIASB\u201d) and are in compliance with the Companies
(Guernsey) Law, 2008. The Financial Statements have been prepared on a going concern basis, and the accounting policies,
presentation and methods of computation are consistent with this basis, as disclosed in the going concern paragraph below.
The Directors believe that the Financial Statements contain all of the information required to enable shareholders and potential
investors to make an informed appraisal of the investment activities and profits and losses of the Group for the period to which
they relate and do not omit any matter or development of significance.
(b) Going concern
These Financial Statements have been prepared on a going concern basis. The Directors, at the time of approving the Financial
Statements, have a reasonable expectation that the Group has adequate resources to continue in operational existence for a period
of at least twelve months from the date of approval of these Financial Statements. The Group maintains a significant cash balance
and an extensive portfolio of securities, and the dividend income on this, allied to the property lease generates sufficient cash
flows to pay on-going expenses and other obligations. The Directors have considered the cash position and performance of the
current capital invested by the Group, the potential impact on markets and supply chains of geopolitical risks, as well as
continuing macro-economic factors and inflation and concluded that it is appropriate to adopt the going concern basis in the
preparation of these Financial Statements.
Going concern is assessed over the period of at least 12 months from the approval of these Financial Statements. Owing to the
fact that the Group currently has no borrowing, has a significant cash holding and that the Company\u2019s equity investments
predominantly comprise readily realisable securities, the Board considers there to be no material uncertainty.
(c) Adoption of new standards and its consequential amendments
New Accounting Standards interpretations and amendments adopted in the reporting period
\u2022 IAS 1 (amended), \u201cPresentation of Financial Statements\u201d (amendments regarding the classification of debt with
covenants, effective for periods commencing on or after 1 January 2024).
\u2022 IAS 1 (amended), \u201cPresentation of Financial Statements\u201d (amendments regarding the classification of liabilities as current
or non-current), effective for periods commencing on or after 1 January 2024).
\u2022 IFRS 16 (amended), \u201cLeases\u201d (amendments regarding lease liabilities in a sale and leaseback), effective for periods
commencing on or after 1 January 2024).
The adoption of these amended standards has had no material impact on the financial statements of the Company.
New and amended accounting standards applicable to future reporting periods
The following relevant standards, which have not been applied in these Financial Statements, were in issue at the reporting
date but not yet effective:
\u2022 IFRS 7 (amended), \u201cFinancial Instruments: Disclosures\u201d (effective for accounting periods commencing on or after 1
January 2026); and
\u2022 IFRS 9 (amended), \u201cFinancial Instruments\u201d (effective for accounting periods commencing on or after 1 January 2026);
and
\u2022 IFRS 18, \u201cPresentation and Disclosures in Financial Statements\u201d (effective for accounting periods commencing on or
after 1 January 2027).
The amendments to IFRS 7 and IFRS 9 were published in May 2024 and relate to the classification and measurement of financial
instruments.
IFRS 18 sets out requirements for the presentation and disclosure of information in financial statements to help ensure they
provide relevant information that faithfully represents an entity\u2019s assets, liabilities, equity, income and expenses.
With the exception of IFRS 18, the Directors do not anticipate that the adoption of these new and amended standards in future
periods will have a material impact on the financial statements of the Company.
(d) Significant estimates and judgements
The preparation of the Group\u2019s Financial Statements requires management to make judgements, estimates and assumptions
which affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the
disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could result in outcomes which require a
material adjustment to the carrying amount of assets or liabilities affected in future periods.
(i) Judgements:
In the process of applying the Group\u2019s accounting policies, management made no judgements which had an effect on
the amounts recognised in the Financial Statements.
(ii) Estimates and assumptions:
The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, which
have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next
financial year, are described below. The Group based its assumptions and estimates on parameters available when the
Financial Statements were prepared. Existing circumstances and assumptions about future developments, however, may
change due to market changes or circumstances arising which are beyond the control of the Group.
Revaluation of investment property
The Group carries its investment property at fair value, with changes in fair value being recognised in the Consolidated
Statement of Comprehensive Income. The investment property is valued quarterly by an external independent valuer as
at the end of each calendar quarter. Their valuations are reviewed quarterly by the Board.
For the year ended 31 March 2025, quarterly valuations of the investment property were carried out by Knight Frank
LLP, external independent valuers to the Group, in accordance with the Royal Institution of Chartered Surveyors\u2019
(\u201cRICS\u201d) Appraisal and Valuation Standards. The property has been valued in accordance with the definition of the
RICS Valuation which is defined as the price which would be received to sell an asset or paid to transfer a liability in
an orderly transaction between market participants at the measurement date. The valuation is based on the highest and
best use of the investment property.
The key assumptions used to determine the market value of the investment property are explained further in note 7.
(e) Foreign currency translation
Functional currency
The Company\u2019s functional currency is pounds sterling and the subsidiaries\u2019 functional currency is Euro. The Board of
Directors considers that the Group\u2019s functional currency is pounds sterling, as the capital raised, return on capital and
any distributions paid by the Parent Company are in pounds sterling. The Euro most faithfully represents the economic
effect of the underlying transactions, events and conditions of the subsidiaries. The Euro is the currency in which the
subsidiaries measure their performance and report their results.
Foreign currency transactions
Transactions in foreign currencies are translated to presentation currency at the spot foreign exchange rate ruling at the
date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Consolidated Statement
of Financial Position date are translated to presentation currency at the foreign exchange rate ruling at that date. Foreign
exchange differences arising on translation are recognised in the Consolidated Statement of Comprehensive Income.
Non-monetary assets and liabilities which are measured at historical cost in a foreign currency are translated using the
exchange rate at the date of the original transaction. Non-monetary assets and liabilities denominated in foreign
currencies which are stated at fair value are translated to presentation currency at foreign exchange rates ruling at the
dates the fair value was determined.
Exchange differences on foreign operations
The assets and liabilities of foreign operations, arising on consolidation, are translated to presentation currency at the
foreign exchange rates ruling at the Consolidated Statement of Financial Position date. The income and expenses of
foreign operations are translated to presentation currency at an average rate where this is considered reasonably to
represent the foreign exchange rate for the period. Foreign exchange differences arising on retranslation are recognised
in other comprehensive income and as a separate component of equity.
(f) Basis of consolidation
(i) Subsidiaries
The Financial Statements comprise the Financial Statements of the Company and its subsidiaries as at 31 March each
year. Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Group obtains control,
and continue to be consolidated until the date when such control ceases.
(ii) Transactions eliminated on consolidation
All intra-group balances, transactions and unrealised gains and losses resulting from intra-group transactions are
eliminated in preparing the Financial Statements.
Worsley Investors Limited, the Company, is the parent of the Group. It was incorporated in Guernsey on 5 April 2005.
The Company owned the following subsidiary as at the reporting date:
Subsidiaries Country of
incorporation
Date of
incorporation
Ownership
interest %
Principal
activities
Financial
year end
Property Trust Luxembourg
2 S.\u00e0 r.l.
Luxembourg 24 November
2005
100.00% Holding
Company
31 March
The company shown in the table below was directly owned by Property Trust Luxembourg 2 S.\u00e0 r.l. as at the reporting
date:
Indirect subsidiaries and joint ventures
Country of
incorporation
Ownership
interest %
Financial
year end
Multiplex 1 S.r.l. Italy 100.00% 31 December
Multiplex 1 S.r.l. has a reporting date of 31 December owing to legacy set up, however, the consolidation incorporates
results up to 31 March.
(g) Income recognition
Rental income is income from the investment property leased out under operating leases and is recognised in the Consolidated
Statement of Comprehensive Income on a straight-line basis over the term of the lease. Lease incentives are amortised over the
whole lease term and derecognised on expiry of the lease term, or termination of the lease
Dividend income from equity investments is recognised on the ex-dividend date when the relevant investment is declared ex-
dividend and is included gross of withholding tax.
(h) Expenses/other Income
Expenses are accounted for on an accruals basis.
(i) Cash and cash equivalents
Cash and cash equivalents comprise cash balances and call deposits carried at amortised cost. Cash equivalents are short-term,
highly liquid investments which are readily convertible to known amounts of cash and which are subject to an insignificant risk
of changes in value.
Purchases and sales of investments are considered to be operating activities of the Company, given its purpose, rather than
investing activities. The cash flows arising from these activities are shown in the Consolidated Statement of Cash Flows as
operating activities.
(j) Investment property
Investment property is held to earn rental income and capital appreciation and is recognised as such. Investment property is
initially recognised at cost, being the fair value of consideration given, including associated transaction costs.
After initial recognition, investment property is measured at fair value using the fair value model with unrealised gains and losses
recognised in the Consolidated Statement of Comprehensive Income. Realised gains and losses upon disposal of the property
are recognised in the Consolidated Statement of Comprehensive Income. Quarterly valuations are carried out by Knight Frank
LLP, external independent valuers, in accordance with the RICS Appraisal and Valuation Standards. The property has been
valued in accordance with the definition of the RICS Valuation which is defined as the price which would be received to sell an
asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The valuation
is based on the highest and best use of the investment property.
Lease incentive assets are deducted from the independent valuation to arrive at fair value for accounting purposes (refer to note 7
for further details).
Subsequent expenditure is charged to the asset\u2019s carrying amount only when it is probable that future economic benefits
associated with the item will flow to the Group and the cost of the item can be measured reliably. All other repairs and
maintenance costs are charged to the Consolidated Statement of Comprehensive Income during the financial period in which
they are incurred.
Investment property is derecognised when it has been disposed of. Where the Group disposes of a property at fair value in an
arm\u2019s length transaction, the carrying value immediately prior to the sale is adjusted to the transaction price, and the adjustment
is recorded in the income statement within gain/(loss) on disposals of subsidiaries and investment property.
(k) Operating leases (lessor)
The determination of whether or not an arrangement is, or contains, a lease is based on the substance of the arrangement at the
inception date. The arrangement is assessed to establish if fulfilment of the arrangement is dependent on the use of a specific
asset or assets or the arrangement conveys a right to use the asset or assets, even if that right is not explicitly specified in an
arrangement.
Leases in which the Group does not transfer substantially all the risks and benefits of ownership of an asset are classified as
operating leases. Initial direct costs incurred in negotiating an operating lease are added to the carrying amount of the leased
asset and recognised over the lease term on the same basis as rental income. Contingent rents are recognised as revenue in the
period in which they are earned. Where an operating lease is modified it is accounted for as a new lease with any prepaid or
accrued lease payments relating to the original lease being treated as part of the lease payments for the new lease.
(l) Financial instruments
Financial assets and financial liabilities are recognised in the Consolidated Statement of Financial Position when the Group
becomes a party to the contractual provisions of the instrument. Financial assets and financial liabilities are only offset and the
net amount reported in the Consolidated Statement of Financial Position and Consolidated Statement of Comprehensive Income
when there is a currently enforceable legal right to offset the recognised amounts and the Group intends to settle on a net basis
or realise the asset and liability simultaneously.
On initial recognition, the Group classifies financial assets as measured at amortised cost or at fair value through profit or loss
(\u201cFVTPL\u201d).
A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL:
\u2022 it is held within a business model whose objective is to hold assets to collect contractual cash flows; and
\u2022 its contractual terms give rise on specified dates to cash flows which are solely payments of principal and interest.
In making an assessment of the objective of the business model in which a financial asset is held, the Group considers all of the
relevant information about how the business is managed.
The Group has determined that it has two business models:
\u2022 Held-to-collect business model: this includes cash and cash equivalents and other receivables. These financial assets
are held to collect contractual cash flows.
\u2022 Other business model: this includes investments in listed equities and investment funds. These financial assets are
managed, and their performance is evaluated, on a fair value basis, with sales taking place routinely.
Investments at fair value through profit or loss (\u201cinvestments\u201d)
Recognition
Investments are recognised in the Company\u2019s Statement of Financial Position when the Company becomes a party to the
contractual provisions of the instrument.
Purchases and sales of investments are recognised on the trade date (the date on which the Company commits to purchase or sell
the investment). Investments purchased are initially recorded at fair value, being the consideration given, excluding transaction
or other dealing costs associated with the investment.
Measurement
Subsequent to initial recognition, investments are measured at fair value. Gains and losses arising from changes in the fair value
of investments and gains and losses on investments that are sold are recognised through profit or loss in the Consolidated
Statement of Comprehensive Income within net changes in fair value of financial assets at fair value through profit or loss.
Investments traded in active markets are valued at the latest available bid prices ruling at midnight on the reporting date. The
Directors are of the opinion that the bid-market prices are the best estimate of fair value. Investments consist of listed or quoted
equities or equity-related securities, options and bonds which are issued by corporate issuers, supra-nationals or government
organisations, and investment in funds.
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date. Gains and losses arising from changes in the fair value of financial assets/(liabilities)
are shown as net gains or losses on financial assets through profit or loss and recognised in the Consolidated Statement of
Comprehensive Income in capital in the period in which they arise.
Realised gains and losses arising on disposal of investments are calculated by reference to the proceeds received on disposal and
the average cost attributable to those investments and are recognised in the Consolidated Statement of Comprehensive Income.
Unrealised gains and losses on investments are recognised in the Consolidated Statement of Comprehensive Income.
Capital
Financial instruments issued by the Group are treated as equity if the holder has only a residual interest in the assets of the Group
after the deduction of all liabilities. The Company\u2019s Ordinary Shares are classified as equity instruments.
The Group\u2019s capital is represented by the Ordinary Shares, revenue reserve, capital reserve and foreign exchange reserve. Share
premium is included in the capital reserve presented in the Consolidated Statement of Changes in Equity. The capital of the
Company is managed in accordance with its investment policy in pursuit of its investment objective, both of which are set out
on pages 61 to 62. It is not subject to externally imposed capital requirements. The Ordinary shares carry rights regarding
dividends, voting, winding-up and redemptions, which are detailed in full in the Company\u2019s Memorandum and Articles of
Incorporation.
(m) Taxation
The Company has obtained exempt company status in Guernsey under the terms of the Income Tax (Exempt Bodies) (Guernsey)
Ordinance, 1989 and accordingly is subject to an annual fee of \u00a31,600 (2024: \u00a31,600). The Directors intend to conduct the
Group\u2019s affairs such that it continues to remain eligible for exemption.
The Company\u2019s subsidiaries are subject to income tax on any income arising on investment property, after deduction of debt
financing costs and other allowable expenses. However, when a subsidiary owns a property located in a country other than its
country of residence the taxation of the income is defined in accordance with the double taxation treaty signed between the
country where the property is located and the residence country of the subsidiary.
Income tax on the profit or loss for the period comprises current and deferred tax. Current tax is the expected tax payable on the
taxable income for the year as determined under local tax law, using tax rates enacted or substantially enacted at the Consolidated
Statement of Financial Position date, and any adjustment to tax payable in respect of previous periods.
Deferred income tax is provided using the liability method, providing for temporary differences between the carrying amounts
of assets and liabilities for financial reporting purposes and the amount used for taxation purposes. The amount of deferred tax
provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax
rates enacted or substantially enacted at the Consolidated Statement of Financial Position date, except in the case of investment
property, where deferred tax is provided for the effect of the sale of the property. Deferred tax assets are recognised only to the
extent that it is probable that future taxable profits will be available against which the asset is utilised.
Details of current tax and deferred tax assets and liabilities are disclosed in note 11.
(n) Determination and presentation of operating segments
The Company has entered into an Investment Advisory Agreement with the Investment Advisor, under which the Board has
appointed the Investment Advisor to oversee on a day-to-day basis the assets of the Company, subject to their review and control
and ultimately the overall supervision of the Board. The Board
retains full responsibility to ensure that the Investment Advisor
adheres to its mandate. Moreover, the Board is fully responsible for the appointment and/or removal of the Investment Advisor.
Accordingly, the Board is deemed to be the \u201cChief Operating Decision Maker\u201d of the Company.
The Board has considered the requirements of IFRS 8, \u201cOperating Segments\u201d. The Board is of the view that the Group has two
segments of business (see note 18).
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory_D946078523_CY": { "value": "
(a) Basis of preparation
The Financial Statements, which show a true and fair view, have been prepared in accordance with IFRS Accounting Standards
(\u201cIFRS\u201d) as issued by the International Accounting Standards Board (\u201cIASB\u201d) and are in compliance with the Companies
(Guernsey) Law, 2008. The Financial Statements have been prepared on a going concern basis, and the accounting policies,
presentation and methods of computation are consistent with this basis, as disclosed in the going concern paragraph below.
The Directors believe that the Financial Statements contain all of the information required to enable shareholders and potential
investors to make an informed appraisal of the investment activities and profits and losses of the Group for the period to which
they relate and do not omit any matter or development of significance.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfGoingConcernExplanatory_D1159429390_CY": { "value": "
(b) Going concern
These Financial Statements have been prepared on a going concern basis. The Directors, at the time of approving the Financial
Statements, have a reasonable expectation that the Group has adequate resources to continue in operational existence for a period
of at least twelve months from the date of approval of these Financial Statements. The Group maintains a significant cash balance
and an extensive portfolio of securities, and the dividend income on this, allied to the property lease generates sufficient cash
flows to pay on-going expenses and other obligations. The Directors have considered the cash position and performance of the
current capital invested by the Group, the potential impact on markets and supply chains of geopolitical risks, as well as
continuing macro-economic factors and inflation and concluded that it is appropriate to adopt the going concern basis in the
preparation of these Financial Statements.
Going concern is assessed over the period of at least 12 months from the approval of these Financial Statements. Owing to the
fact that the Group currently has no borrowing, has a significant cash holding and that the Company\u2019s equity investments
predominantly comprise readily realisable securities, the Board considers there to be no material uncertainty.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfChangesInAccountingPoliciesExplanatory_D1733478125_CY": { "value": "
(c) Adoption of new standards and its consequential amendments
New Accounting Standards interpretations and amendments adopted in the reporting period
\u2022 IAS 1 (amended), \u201cPresentation of Financial Statements\u201d (amendments regarding the classification of debt with
covenants, effective for periods commencing on or after 1 January 2024).
\u2022 IAS 1 (amended), \u201cPresentation of Financial Statements\u201d (amendments regarding the classification of liabilities as current
or non-current), effective for periods commencing on or after 1 January 2024).
\u2022 IFRS 16 (amended), \u201cLeases\u201d (amendments regarding lease liabilities in a sale and leaseback), effective for periods
commencing on or after 1 January 2024).
The adoption of these amended standards has had no material impact on the financial statements of the Company.
New and amended accounting standards applicable to future reporting periods
The following relevant standards, which have not been applied in these Financial Statements, were in issue at the reporting
date but not yet effective:
\u2022 IFRS 7 (amended), \u201cFinancial Instruments: Disclosures\u201d (effective for accounting periods commencing on or after 1
January 2026); and
\u2022 IFRS 9 (amended), \u201cFinancial Instruments\u201d (effective for accounting periods commencing on or after 1 January 2026);
and
\u2022 IFRS 18, \u201cPresentation and Disclosures in Financial Statements\u201d (effective for accounting periods commencing on or
after 1 January 2027).
The amendments to IFRS 7 and IFRS 9 were published in May 2024 and relate to the classification and measurement of financial
instruments.
IFRS 18 sets out requirements for the presentation and disclosure of information in financial statements to help ensure they
provide relevant information that faithfully represents an entity\u2019s assets, liabilities, equity, income and expenses.
With the exception of IFRS 18, the Directors do not anticipate that the adoption of these new and amended standards in future
periods will have a material impact on the financial statements of the Company.
", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory_D113195640_CY": { "value": "
(d) Significant estimates and judgements
The preparation of the Group\u2019s Financial Statements requires management to make judgements, estimates and assumptions
which affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the
disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could result in outcomes which require a
material adjustment to the carrying amount of assets or liabilities affected in future periods.
(i) Judgements:
In the process of applying the Group\u2019s accounting policies, management made no judgements which had an effect on
the amounts recognised in the Financial Statements.
(ii) Estimates and assumptions:
The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, which
have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next
financial year, are described below. The Group based its assumptions and estimates on parameters available when the
Financial Statements were prepared. Existing circumstances and assumptions about future developments, however, may
change due to market changes or circumstances arising which are beyond the control of the Group.
Revaluation of investment property
The Group carries its investment property at fair value, with changes in fair value being recognised in the Consolidated
Statement of Comprehensive Income. The investment property is valued quarterly by an external independent valuer as
at the end of each calendar quarter. Their valuations are reviewed quarterly by the Board.
For the year ended 31 March 2025, quarterly valuations of the investment property were carried out by Knight Frank
LLP, external independent valuers to the Group, in accordance with the Royal Institution of Chartered Surveyors\u2019
(\u201cRICS\u201d) Appraisal and Valuation Standards. The property has been valued in accordance with the definition of the
RICS Valuation which is defined as the price which would be received to sell an asset or paid to transfer a liability in
an orderly transaction between market participants at the measurement date. The valuation is based on the highest and
best use of the investment property.
The key assumptions used to determine the market value of the investment property are explained further in note 7.
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_D1502216719_CY": { "value": "
(e) Foreign currency translation
Foreign currency transactions
Transactions in foreign currencies are translated to presentation currency at the spot foreign exchange rate ruling at the
date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Consolidated Statement
of Financial Position date are translated to presentation currency at the foreign exchange rate ruling at that date. Foreign
exchange differences arising on translation are recognised in the Consolidated Statement of Comprehensive Income.
Non-monetary assets and liabilities which are measured at historical cost in a foreign currency are translated using the
exchange rate at the date of the original transaction. Non-monetary assets and liabilities denominated in foreign
currencies which are stated at fair value are translated to presentation currency at foreign exchange rates ruling at the
dates the fair value was determined.
Exchange differences on foreign operations
The assets and liabilities of foreign operations, arising on consolidation, are translated to presentation currency at the
foreign exchange rates ruling at the Consolidated Statement of Financial Position date. The income and expenses of
foreign operations are translated to presentation currency at an average rate where this is considered reasonably to
represent the foreign exchange rate for the period. Foreign exchange differences arising on retranslation are recognised
in other comprehensive income and as a separate component of equity.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory_D1614029293_CY": { "value": "
Functional currency
The Company\u2019s functional currency is pounds sterling and the subsidiaries\u2019 functional currency is Euro. The Board of
Directors considers that the Group\u2019s functional currency is pounds sterling, as the capital raised, return on capital and
any distributions paid by the Parent Company are in pounds sterling. The Euro most faithfully represents the economic
effect of the underlying transactions, events and conditions of the subsidiaries. The Euro is the currency in which the
subsidiaries measure their performance and report their results.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfBasisOfConsolidationExplanatory_D1213861436_CY": { "value": "
(f) Basis of consolidation
(i) Subsidiaries
The Financial Statements comprise the Financial Statements of the Company and its subsidiaries as at 31 March each
year. Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Group obtains control,
and continue to be consolidated until the date when such control ceases.
(ii) Transactions eliminated on consolidation
All intra-group balances, transactions and unrealised gains and losses resulting from intra-group transactions are
eliminated in preparing the Financial Statements.
Worsley Investors Limited, the Company, is the parent of the Group. It was incorporated in Guernsey on 5 April 2005.
The Company owned the following subsidiary as at the reporting date:
Subsidiaries Country of
incorporation
Date of
incorporation
Ownership
interest %
Principal
activities
Financial
year end
Property Trust Luxembourg
2 S.\u00e0 r.l.
Luxembourg 24 November
2005
100.00% Holding
Company
31 March
The company shown in the table below was directly owned by Property Trust Luxembourg 2 S.\u00e0 r.l. as at the reporting
date:
Indirect subsidiaries and joint ventures
Country of
incorporation
Ownership
interest %
Financial
year end
Multiplex 1 S.r.l. Italy 100.00% 31 December
Multiplex 1 S.r.l. has a reporting date of 31 December owing to legacy set up, however, the consolidation incorporates
results up to 31 March.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DescriptionOfAccountingPolicyForSubsidiariesExplanatory_D704361714_CY": { "value": "
(i) Subsidiaries
The Financial Statements comprise the Financial Statements of the Company and its subsidiaries as at 31 March each
year. Subsidiaries are fully consolidated from the date of acquisition, being the date on which the Group obtains control,
and continue to be consolidated until the date when such control ceases.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DescriptionOfAccountingPolicyForExpensesExplanatory_D1378780540_CY": { "value": "
(g) Income recognition
Rental income is income from the investment property leased out under operating leases and is recognised in the Consolidated
Statement of Comprehensive Income on a straight-line basis over the term of the lease. Lease incentives are amortised over the
whole lease term and derecognised on expiry of the lease term, or termination of the lease
Dividend income from equity investments is recognised on the ex-dividend date when the relevant investment is declared ex-
dividend and is included gross of withholding tax.
(h) Expenses/other Income
Expenses are accounted for on an accruals basis.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents_D147223429_CY": { "value": "
(i) Cash and cash equivalents
Cash and cash equivalents comprise cash balances and call deposits carried at amortised cost. Cash equivalents are short-term,
highly liquid investments which are readily convertible to known amounts of cash and which are subject to an insignificant risk
of changes in value.
Purchases and sales of investments are considered to be operating activities of the Company, given its purpose, rather than
investing activities. The cash flows arising from these activities are shown in the Consolidated Statement of Cash Flows as
operating activities.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory_D435449375_CY": { "value": "
(j) Investment property
Investment property is held to earn rental income and capital appreciation and is recognised as such. Investment property is
initially recognised at cost, being the fair value of consideration given, including associated transaction costs.
After initial recognition, investment property is measured at fair value using the fair value model with unrealised gains and losses
recognised in the Consolidated Statement of Comprehensive Income. Realised gains and losses upon disposal of the property
are recognised in the Consolidated Statement of Comprehensive Income. Quarterly valuations are carried out by Knight Frank
LLP, external independent valuers, in accordance with the RICS Appraisal and Valuation Standards. The property has been
valued in accordance with the definition of the RICS Valuation which is defined as the price which would be received to sell an
asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The valuation
is based on the highest and best use of the investment property.
Lease incentive assets are deducted from the independent valuation to arrive at fair value for accounting purposes (refer to note 7
for further details).
Subsequent expenditure is charged to the asset\u2019s carrying amount only when it is probable that future economic benefits
associated with the item will flow to the Group and the cost of the item can be measured reliably. All other repairs and
maintenance costs are charged to the Consolidated Statement of Comprehensive Income during the financial period in which
they are incurred.
Investment property is derecognised when it has been disposed of. Where the Group disposes of a property at fair value in an
arm\u2019s length transaction, the carrying value immediately prior to the sale is adjusted to the transaction price, and the adjustment
is recorded in the income statement within gain/(loss) on disposals of subsidiaries and investment property.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_D761196917_CY": { "value": "
(k) Operating leases (lessor)
The determination of whether or not an arrangement is, or contains, a lease is based on the substance of the arrangement at the
inception date. The arrangement is assessed to establish if fulfilment of the arrangement is dependent on the use of a specific
asset or assets or the arrangement conveys a right to use the asset or assets, even if that right is not explicitly specified in an
arrangement.
Leases in which the Group does not transfer substantially all the risks and benefits of ownership of an asset are classified as
operating leases. Initial direct costs incurred in negotiating an operating lease are added to the carrying amount of the leased
asset and recognised over the lease term on the same basis as rental income. Contingent rents are recognised as revenue in the
period in which they are earned. Where an operating lease is modified it is accounted for as a new lease with any prepaid or
accrued lease payments relating to the original lease being treated as part of the lease payments for the new lease.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_D1984999232_CY": { "value": "
(l) Financial instruments
Financial assets and financial liabilities are recognised in the Consolidated Statement of Financial Position when the Group
becomes a party to the contractual provisions of the instrument. Financial assets and financial liabilities are only offset and the
net amount reported in the Consolidated Statement of Financial Position and Consolidated Statement of Comprehensive Income
when there is a currently enforceable legal right to offset the recognised amounts and the Group intends to settle on a net basis
or realise the asset and liability simultaneously.
On initial recognition, the Group classifies financial assets as measured at amortised cost or at fair value through profit or loss
(\u201cFVTPL\u201d).
A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL:
\u2022 it is held within a business model whose objective is to hold assets to collect contractual cash flows; and
\u2022 its contractual terms give rise on specified dates to cash flows which are solely payments of principal and interest.
In making an assessment of the objective of the business model in which a financial asset is held, the Group considers all of the
relevant information about how the business is managed.
The Group has determined that it has two business models:
\u2022 Held-to-collect business model: this includes cash and cash equivalents and other receivables. These financial assets
are held to collect contractual cash flows.
\u2022 Other business model: this includes investments in listed equities and investment funds. These financial assets are
managed, and their performance is evaluated, on a fair value basis, with sales taking place routinely.
Investments at fair value through profit or loss (\u201cinvestments\u201d)
Recognition
Investments are recognised in the Company\u2019s Statement of Financial Position when the Company becomes a party to the
contractual provisions of the instrument.
Purchases and sales of investments are recognised on the trade date (the date on which the Company commits to purchase or sell
the investment). Investments purchased are initially recorded at fair value, being the consideration given, excluding transaction
or other dealing costs associated with the investment.
Measurement
Subsequent to initial recognition, investments are measured at fair value. Gains and losses arising from changes in the fair value
of investments and gains and losses on investments that are sold are recognised through profit or loss in the Consolidated
Statement of Comprehensive Income within net changes in fair value of financial assets at fair value through profit or loss.
Investments traded in active markets are valued at the latest available bid prices ruling at midnight on the reporting date. The
Directors are of the opinion that the bid-market prices are the best estimate of fair value. Investments consist of listed or quoted
equities or equity-related securities, options and bonds which are issued by corporate issuers, supra-nationals or government
organisations, and investment in funds.
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date. Gains and losses arising from changes in the fair value of financial assets/(liabilities)
are shown as net gains or losses on financial assets through profit or loss and recognised in the Consolidated Statement of
Comprehensive Income in capital in the period in which they arise.
Realised gains and losses arising on disposal of investments are calculated by reference to the proceeds received on disposal and
the average cost attributable to those investments and are recognised in the Consolidated Statement of Comprehensive Income.
Unrealised gains and losses on investments are recognised in the Consolidated Statement of Comprehensive Income.
Capital
Financial instruments issued by the Group are treated as equity if the holder has only a residual interest in the assets of the Group
after the deduction of all liabilities. The Company\u2019s Ordinary Shares are classified as equity instruments.
The Group\u2019s capital is represented by the Ordinary Shares, revenue reserve, capital reserve and foreign exchange reserve. Share
premium is included in the capital reserve presented in the Consolidated Statement of Changes in Equity. The capital of the
Company is managed in accordance with its investment policy in pursuit of its investment objective, both of which are set out
on pages 61 to 62. It is not subject to externally imposed capital requirements. The Ordinary shares carry rights regarding
dividends, voting, winding-up and redemptions, which are detailed in full in the Company\u2019s Memorandum and Articles of
Incorporation.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory_D919609189_CY": { "value": "
Measurement
Subsequent to initial recognition, investments are measured at fair value. Gains and losses arising from changes in the fair value
of investments and gains and losses on investments that are sold are recognised through profit or loss in the Consolidated
Statement of Comprehensive Income within net changes in fair value of financial assets at fair value through profit or loss.
Investments traded in active markets are valued at the latest available bid prices ruling at midnight on the reporting date. The
Directors are of the opinion that the bid-market prices are the best estimate of fair value. Investments consist of listed or quoted
equities or equity-related securities, options and bonds which are issued by corporate issuers, supra-nationals or government
organisations, and investment in funds.
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date. Gains and losses arising from changes in the fair value of financial assets/(liabilities)
are shown as net gains or losses on financial assets through profit or loss and recognised in the Consolidated Statement of
Comprehensive Income in capital in the period in which they arise.
Realised gains and losses arising on disposal of investments are calculated by reference to the proceeds received on disposal and
the average cost attributable to those investments and are recognised in the Consolidated Statement of Comprehensive Income.
Unrealised gains and losses on investments are recognised in the Consolidated Statement of Comprehensive Income.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_D137638778_CY": { "value": "
(m) Taxation
The Company has obtained exempt company status in Guernsey under the terms of the Income Tax (Exempt Bodies) (Guernsey)
Ordinance, 1989 and accordingly is subject to an annual fee of \u00a31,600 (2024: \u00a31,600). The Directors intend to conduct the
Group\u2019s affairs such that it continues to remain eligible for exemption.
The Company\u2019s subsidiaries are subject to income tax on any income arising on investment property, after deduction of debt
financing costs and other allowable expenses. However, when a subsidiary owns a property located in a country other than its
country of residence the taxation of the income is defined in accordance with the double taxation treaty signed between the
country where the property is located and the residence country of the subsidiary.
Income tax on the profit or loss for the period comprises current and deferred tax. Current tax is the expected tax payable on the
taxable income for the year as determined under local tax law, using tax rates enacted or substantially enacted at the Consolidated
Statement of Financial Position date, and any adjustment to tax payable in respect of previous periods.
Deferred income tax is provided using the liability method, providing for temporary differences between the carrying amounts
of assets and liabilities for financial reporting purposes and the amount used for taxation purposes. The amount of deferred tax
provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax
rates enacted or substantially enacted at the Consolidated Statement of Financial Position date, except in the case of investment
property, where deferred tax is provided for the effect of the sale of the property. Deferred tax assets are recognised only to the
extent that it is probable that future taxable profits will be available against which the asset is utilised.
Details of current tax and deferred tax assets and liabilities are disclosed in note 11.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DescriptionOfAccountingPolicyForSegmentReportingExplanatory_D770313795_CY": { "value": "
(n) Determination and presentation of operating segments
The Company has entered into an Investment Advisory Agreement with the Investment Advisor, under which the Board has
appointed the Investment Advisor to oversee on a day-to-day basis the assets of the Company, subject to their review and control
and ultimately the overall supervision of the Board. The Board
retains full responsibility to ensure that the Investment Advisor
adheres to its mandate. Moreover, the Board is fully responsible for the appointment and/or removal of the Investment Advisor.
Accordingly, the Board is deemed to be the \u201cChief Operating Decision Maker\u201d of the Company.
The Board has considered the requirements of IFRS 8, \u201cOperating Segments\u201d. The Board is of the view that the Group has two
segments of business (see note 18).
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_winv_DisclosureOfMaterialAgreementsExplanatory_D561940067_CY": { "value": "
3. Material agreements
Investment Advisory Agreements
Worsley Associates LLP
The Investment Advisory Agreement had an initial term of two years, with either Worsley Associates LLP or the Company being
able to terminate the agreement by giving 12 months\u2019 notice from 1 June 2020 and thereafter on a rolling 12 months\u2019 notice
basis. On giving the requisite 12 months\u2019 notice there is no compensation on termination (save in respect of any payment made
in lieu of notice where Worsley Associates and the Company agree to terminate the Investment Advisory Agreement on less
than 12 months' notice). In addition, the Company and Worsley Associates may terminate the Investment Advisory Agreement
in certain limited circumstances.
Pursuant to the Investment Advisory Agreement, Worsley Associates is entitled to an annual advisory fee of 1.25 per cent. of
the Company's Net Asset Value, to the extent that the Company\u2019s Net Asset Value is \u00a340 million or less, but subject to a minimum
fee of \u00a3150,000 per annum. If the Company\u2019s Net Asset Value exceeds \u00a340 million, the Company will pay Worsley Associates
a fee equal to 1.25 per cent. of \u00a340 million and 1.00 per cent. of the amount by which the Company's Net Asset Value exceeds
\u00a340 million.
In accordance with an addendum to the Investment Advisory Agreement entered into during the prior year, with effect from 1
October 2022 the Company agreed that it would reimburse Worsley Associates for the costs it incurs using the FactSet financial
market information system for dealing and research on behalf of the Company for so long as the Investment Advisory fees paid
to Worsley Associates are below \u00a3200,000 per annum, such re-imbursement tapering to zero at the rate of 50p per \u00a31 of annual
Investment Advisory fees above \u00a3200,000 per annum.
During the year, Worsley Associates was due Investment Advisory fees of \u00a3197,328 (31 March 2024 \u00a3187,057). Fees of \u00a318,687
were outstanding as at 31 March 2025 (31 March 2024: \u00a318,825).
Broker Agreement
Shore Capital and Corporate Limited and Shore Capital Stockbrokers Limited
On 18 April 2019, Shore Capital and Corporate Limited and Shore Capital Stockbrokers Limited (together \u201cShore Capital\u201d) were
appointed as the Company\u2019s financial adviser and broker. Fees expensed in the year ended 31 March 2025 totalled \u00a325,000 (31
March 2024 \u00a325,000) of which none was outstanding as at 31 March 2025 (31 March 2024: \u00a3nil).
Administrator Agreement
Effective 31 January 2025, the Company's appointed Administrator, Sanne Fund Services (Guernsey) Limited completed an
amalgamation of corporate bodies pursuant to Part VI of the Companies (Guernsey) Law, 2008 with Apex Fund and Corporate
Services (Guernsey) Limited (the \"Amalgamation\"). As a result of the Amalgamation, the name of the Administrator changed
to Apex Fund and Corporate Services (Guernsey) Limited. There are no further material changes arising from the Amalgamation
and all pre-existing contractual arrangements in place between the Company and the Administrator remain in force
With effect from 28 June 2019, the Administrator has been entitled to an annual fee payable by the Company as follows:
\u2022 Where the Net Asset Value (\u201cNAV\u201d) is up to \u00a320 million a fixed fee of \u00a370,000 per annum applies. This fee is subject
to annual adjustment for inflation; and
\u2022 Where the NAV is over \u00a320 million but up to \u00a3100 million a further fee equating to 0.025% of NAV per annum will be
charged on the excess; and
\u2022 Where the NAV is over \u00a3100 million, a further fee equating to 0.06% per annum of the NAV in excess of \u00a3100 million
will be charged.
During the year, the Administrator was due fees of \u00a384,463 (31 March 2024: \u00a379,446) of which \u00a324,245 was outstanding as at
31 March 2025 (31 March 2024: \u00a344,470).
Fees totalling \u00a338,641 were also paid to the administrators of the subsidiaries (31 March 2024: \u00a345,986).
Custody Agreement
With effect from 5 July 2019, Butterfield Bank (Guernsey) Limited was appointed as Custody Agent to the Company. Butterfield
Bank (Guernsey) Limited is entitled to an annual fee payable by the Company at the rate of 0.1% per annum of the gross value
of the investments held, subject to a minimum fee of \u00a3400 per annum.
During the year, Butterfield Bank (Guernsey) Limited was due a custody agency fees of \u00a39,392 (31 March 2024: \u00a38,256). Fees
of \u00a32,318 were outstanding as at 31 March 2025 (31 March 2024: \u00a32,084).
During the year, Butterfield Bank (Guernsey) Limited was due transaction fees of \u00a311,634 incurred as a result of investment
trading (31 March 2024: \u00a31,150). No transaction fees were outstanding as at 31 March 2025 (31 March 2024: \u00a3nil).
", "dimensions": { "concept": "winv:DisclosureOfMaterialAgreementsExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_winv_DisclosureOfGrossPropertyIncomeExplanatory_D1359001872_CY": { "value": "
4. Rental income
Gross rental income for the year ended 31 March 2025 amounted to \u00a30.70million (31 March 2024: \u00a30.82 million). The Group
leases out its investment property, a cinema complex, under an operating lease which is structured in accordance with local
practices in Italy.
UCI lease
The UCI lease was originally signed in December 2018, but after negotiations necessitated by COVID-19 a lease amendment
was signed on 11 September 2020. The summary lease terms were as follows:
- Term
17.5 years fixed, from 1 January 2019 until 30 June 2035 with an automatic nine-year extension unless cancelled by the
tenant with a minimum 12-month notice period.
- Base Rent
From 1 March 2021 to 31 December 2021 \u2013 \u20ac915,000, and from 1 January 2022 indexed to 100% of the ISTAT
Consumer Index on an upwards-only basis. On 1 January 2024 annual rental increased to \u20ac1,063,437 and on 1 January
2025 annual rental increased to \u20ac1,075,134.
- Variable Rent
An incremental rent of between \u20ac1.50 and \u20ac2.50 per ticket sold above a minimum threshold of 350,000 tickets per
calendar year. There was no variable rent earned in the year ended 31 March 2025 (31 March 2024: none).
On 17 January 2025, the Company announced that UCI had informed the Group that it would vacate the property on 30 January
2025. After UCI failed to pay any rental for the period subsequent to 10 January, as of the close of business on 25 February,
pursuant to Italian law, the lease agreement automatically terminated for default. For the purposes of IFRS 16 \u201cLeases\u201d, the
accounting date for the termination of the lease has been determined as 30 January 2025, as this is the date until which UCI had
access to the right of use of the cinema.
Notorious lease
The Company has entered into a new lease agreement with Notorious Cinema S.r.l. (\u201cNotorious\u201d), an Italian company, for it to
operate the cinema complex. Notorious is a wholly owned subsidiary of Notorious Pictures S.p.A., an Italian company, whose
shares are listed on the Euronext Growth Milan market, and which through its group of companies is an international movie
producer and distributor and one of Italy's leading cinema operators. Notorious has pledged to invest approximately \u20ac2 million
(plus VAT) in a substantial refurbishment and upgrade of the property. The lease was signed on 31 March 2025, however, the
effective date of the lease agreement is 3 April 2025. The Notorious lease terms are summarised as follows:
- Term
The Lease will have an initial termination date of 31 August 2035. Notorious has a unilateral right to renew the Lease
for a further eight years under the same terms and conditions.
In addition, Notorious has the right to withdraw from the lease on 31 August 2031. In the event of the lease renewing
on 1 September 2035, each party has the unilateral right to withdraw as of 31 August 2039.
- Rent
From the outset Notorious will pay Multiplex turnover rent, subject to the following minima: From 1 September 2025
until 31 August 2026 - \u20ac500,000, from 1 September 2026 until 31 August 2027 - \u20ac525,000, from 1 September 2027
until 31 August 2028 - \u20ac550,000.
On 1 September 2028 and annually thereafter the minimum rental will increase by 75% of the variation over the previous
twelve months in the Italian ISTAT consumer price index.
In recognition of Notorious's expenditure on the refurbishment of the cinema, from 1 September 2025 until 31 August
2030, the annual rental payable, noted above, will be reduced each year by \u20ac108,000.
Minimum Lease Payments (based on actual cash flows)
31 March 2025 31 March 2024
EUR
\u20ac000s \u00a3000s \u20ac000s \u00a3000s
Less than 1
year
229 193 1,063 895
1-2 years
407 343 1,063 895
2-3
years 431 364 1,063 895
3-4 years 442 372 1,063 895
4-5 years 442 372 1,063 895
After 5 years 734 618 6,646 5,599
The minimum lease payment as at 31 March 2025 reflects the minimum cash flows under the lease agreement with Notorious
(2024: UCI).
Lease incentive
Year ended Year
ended
31 March 2025 31 March 2024
\u00a3000s \u00a3000s
Lease incentive at beginning of year
626 737
Lease incentive movement for the year
(45) (92)
Foreign exchange translationn
(13)
(19)
Lease incentive write-off (568) -
Lease incentive at end of year - 626
The lease incentive in relation to the rental agreement with UCI was written off as at the lease termination date of 30 January
2025 for accounting purposes. See note 7 for further details.
The amounts recognised in the Consolidated Statement of Comprehensive Income of the Group in relation to the investment
property are as follows:
Rental income
Year ended
31 March 2025
Year ended
31 March 2024
\u00a3000s \u00a3000s
Base rental income
1
744 915
Straight lining of lease incentives (45) (92)
Rental income (net of lease incentives) 699 823
Expense from services to tenants, other property operating and administrative expenses
Year ended
31 March 2025
Year ended
31 March 2024
\u00a3000s \u00a3000s
Property expenses arising from investment property 162 150
Lease incentive write-off 568 -
Rental income receivable write-off 44 -
Total property expenses 774 150
1
Base rental income includes \u00a344,000 of accrued rental income from UCI which has been written-off on the Statement of Comprehensive
income.
", "dimensions": { "concept": "winv:DisclosureOfGrossPropertyIncomeExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfGeneralAndAdministrativeExpenseExplanatory_E60_CY": { "value": "
5. General and administrative expenses
Year ended
31 March 2025
Year ended
31 March 2024
\u00a3000s \u00a3000s
Administration fees (note 3) 123 125
General expenses 101 86
Audit fees 54 55
Legal and professional fees 121 25
Directors' fees and expenses (note 16) 46 46
Insurance fees 22 24
Corporate Broker fees (note 3) 25 25
Investment Advisor fees (note 3 and note 16) 197 187
Total 689 573
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfEarningsPerShareExplanatory_E38_CY": { "value": "
6. Basic and diluted (loss)/earnings per Share
The basic and diluted earnings per share for the Group is based on the net loss for the year of \u00a32.81 million (31 March 2024: net
profit of \u00a30.030 million) and the weighted average number of Ordinary Shares in issue during the year of 33,740,929 (31 March
2024: 33,740,929). There are no instruments in issue which could potentially dilute earnings or loss per Ordinary Share.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfInvestmentPropertyExplanatory_E81_CY": { "value": "
7. Investment property
Year ended
31 March 2025
Year ended
31 March 2024
\u00a3000s \u00a3000s
Value of investment property before lease incentive adjustment
at beginning of the year 6,287 6,770
Fair value adjustment (3,810) (303)
Foreign exchange translation (132) (180)
Independent external valuation 2,345 6,287
Adjusted for: Lease incentive (note 4)
2
- (626)
Fair value of investment property at the end of the year 2,345 5,661
Fair value adjustment on property (3,810) (303)
Lease incentive write-off (note 4) 568 -
Adjustment to fair value for lease incentive movement (note 4)
45 92
Total unrealised valuation loss on investment property (3,197) (211)
The resultant fair value of investment property is analysed below by valuation method, according to the levels of the fair value
hierarchy. The different levels have been defined as follows:
Level 1: quoted (unadjusted) prices in active markets for identical assets or liabilities;
Level 2: inputs other than quoted prices included within Level 1 which are observable for the asset or liability, either directly
(i.e., as prices) or indirectly (i.e. derived from prices);
Level 3: inputs for the asset or liability which are not based on observable market data (unobservable inputs).
The investment property (Curno) is classified as Level 3.
2
The Lease incentive was previously separately classified as a non-current and current asset within the Consolidated Statement of Financial Position and to avoid
double counting was deducted from the property valuation to arrive at fair value for accounting purposes. The property is carried at fair value. The lease incentive
granted to the tenant was being amortised over the term of the lease. In accordance with IFRS, the valuation is reduced by the carrying amount of the lease
incentive as at the valuation date. Quarterly valuations are carried out at 31 March, 30 June, 30 September and 31 December by Knight Frank LLP, external
independent valuers.
The significant assumptions made relating to its independent valuation are set out below:
Significant assumptions 31 March 2025 31 March 2024
Gross estimated rental value per sqm p.a. 75.45\u20ac 113.85\u20ac
Equivalent yield 10.00% 10.75%
The external valuer has carried out its valuation using the comparative and investment methods. The assessment was made on
the basis of a collation and analysis of appropriate comparable investment and rental transactions. The market analysis has been
undertaken using market knowledge, enquiries of other agents, searches of property databases, as appropriate and any
information provided to them. The external valuer has adhered to the RICS Valuation \u2013 Professional Standards.
An increase/decrease in assumed rentals will increase/decrease valuations, while an increase/decrease to yield
decreases/increases valuations. The information below sets out the sensitivity of the independent property valuation to changes
in Fair Value.
If no tenant break is assumed then property value increases by \u20ac261,793 (2024: no comparative).
If assumed rental values increases by 50% then property value increases by 77.98%, being \u20ac2,183,483 (31 March 2024: if rental
value increased by 10% then property value increased by 3.22%, being \u20ac236,670).
If assumed rental values increases by 25% then property value increases by 38.25%, being \u20ac1,070,869 (31 March 2024: if rental
value decreased by 10% then property value decreased by 3.22%, being \u20ac236,670).
If yield increased by 0.5% then property value decreases by 5.76%, being \u20ac161,280 (31 March 2024: if yield increased by 0.5%
then property value decreased by 3.73%, being \u20ac273,940).
If yield decreased by 0.5% then property value increases by 6.41%, being \u20ac179,480 (31 March 2024: if yield decreased by 0.5%
then property value increased by 4.09%, being \u20ac532,021).
Property assets are inherently difficult to value due to the individual nature of each property. As a result, valuations are subject
to uncertainty. There is no assurance that estimates resulting from the valuation process will reflect the actual sales price even
where a sale occurs shortly after the valuation date. Rental income and the market value for properties are generally affected by
overall conditions in the local economy, such as growth in Gross Domestic Product (\u201cGDP\u201d), employment trends, inflation and
changes in interest rates. Changes in GDP may also impact employment levels, which in turn may impact the demand for
premises. Furthermore, movements in interest rates may affect the cost of financing for real estate companies.
Both rental income and property values may be affected by other factors specific to the real estate market, such as competition
from other property owners, the perceptions of prospective tenants of the attractiveness, convenience and safety of properties,
the inability to collect rents because of the bankruptcy or the insolvency of tenants, the periodic need to renovate, repair and
release space and the costs thereof, the costs of maintenance and insurance, and increased operating costs., Factors specific to
the real estate market for cinemas include changes in movie consumer viewing habits and variation in the number and quality of
movie releases. The Investment Advisor addresses market risk through a credit evaluations of tenants, ongoing monitoring of
tenants and through effective management of the property.
", "dimensions": { "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_winv_DisclosureOfInvestmentsatFairValueThroughProfitOrLossExplanatory_D1007252769_CY": { "value": "
8. Investments at fair value through profit or loss
Year ended
31 March 2025
Year ended
31 March 2024
\u00a3000s
Fair value of investments at beginning of the year
8,009 7,839
Purchases 1,207 793
Sales (708) (214)
Realised gains 356 101
Unrealised gains/(losses) 21 (510)
Fair value at the end of the year 8,885 8,009
As at 31 March 2025, the cost of the Investments at FVTPL was \u00a36.443 million (31 March 2024: \u00a35.588 million).
Year ended
31 March 2025
Year ended
31 March 2024
\u00a3000s \u00a3000s
Realised gains 356 101
Unrealised gains/(losses) 21 (510)
Dividend income 863 592
Net gains on investments at FVTPL 1,240 183
The fair value of investments at FVTPL are analysed below by valuation method, according to the levels of the fair value
hierarchy. The different levels are defined in note 14.
The following table analyses within the fair value hierarchy the Company\u2019s financial assets at fair value through profit or loss:
31 March 2025 Level 1 Level 2 Level 3 Total
\u00a3000s \u00a3000s \u00a3000s \u00a3000s
Fair value through profit or loss
- Investments 6,726 2,111 48 8,885
Within the Company\u2019s financial assets classified as Level 2, securities totalling \u00a31,483,849 are traded on the London Stock
Exchange or AIM Market and securities of \u00a3627,000 are traded on the Aquis Exchange. The Level 2 securities are valued at the
traded price as at the year end and no adjustment has been deemed necessary to these prices. However, although these are traded,
they are not regularly traded in significant volumes and hence have been classified as level 2.
31 March 2024 Level 1 Level 2 Level 3 Total
\u00a3000s \u00a3000s \u00a3000s \u00a3000s
Fair value through profit or loss
- Investments 5,705 2,304 - 8,009
Within the Company\u2019s financial assets classified as Level 2, securities totalling \u00a31,265,077 were traded on the London Stock
Exchange or AIM Market and securities of \u00a31,039,375 were traded on the Aquis Exchange. The Level 2 securities were valued
at the traded price as at the year end and no adjustment was deemed necessary to these prices. However, although these were
traded, they were not regularly traded in significant volumes and hence were classified as level 2.
The valuation and classification of the investments are reviewed on a regular basis. The Board determines whether or not transfers
have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input which is significant
to the fair value measurement as a whole) at the end of each reporting period.
The following transfers between levels occurred during the reporting period (31 March 2024: None):
31 March 2025 Level 1 Level 2 Level 3 Total
\u00a3000s \u00a3000s \u00a3000s \u00a3000s
Opening fair value 5,705 2,304 - 8,009
Purchases 165 1,042 - 1,207
Sales (632) (76) - (708)
Realised gains/(losses) 363 (7) - 356
Unrealised
gains/
(losses)
326
(305)
- 21
Transfers from level 2 to level 1 799 (799) - -
Transfers from level 2 to level 3 - (48) 48 -
Closing fair value 6,726 2,111 48 8,885
During the year, Caledonian Trust Plc shares ceased trading on the London Stock Exchange and have been reclassified from
Level 2 to Level 3 at the year end. AssetCo PLC shares, which previously traded on the London Stock Exchange, underwent a
reorganisation and was subdivided into River Global PLC A shares and River Global PLC B shares. Both share classes were
subsequently reclassified from Level 2 to Level 1 at the year end.
", "dimensions": { "concept": "winv:DisclosureOfInvestmentsatFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory_E130_CY": { "value": "
9. Trade and other receivables
31 March 2025 31 March 2024
\u00a3000s \u00a3000s
Prepayments 24 32
Dividends receivable 59 -
Total 83 32
The carrying values of trade and other receivables are considered to be approximately equal to their fair value.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory_E129_CY": { "value": "
10. Trade and other payables
31 March 2025 31 March 2024
\u00a3000s \u00a3000s
Investment Advisor fee (note 3 and note 16) 19 19
Administration fees
(note 3)
24 44
Audit fees 49 46
Director fees payable 2 2
Other
152 157
Total 246 268
Trade and other payables are non-interest bearing and are normally settled on 30-day terms. The carrying values of trade and
other payables are considered to be approximately equal to their fair value.
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfIncomeTaxExplanatory_E67_CY": { "value": "
11. Taxation
Year ended
31 March 2025
Year ended
31 March 2024
\u00a3000s \u00a3000s
Effect of:
Current tax
Guernsey - -
Luxembourg
(4) (5)
Italy
(85) (112)
Total current tax (89) (117)
Deferred tax credit `
- 75
Total deferred tax
- 75
Tax charge during the year (89)
(42)
The Company is exempt from Guernsey taxation.
Movement in temporary differences
1 April
2024
Recognised in profit
or loss
Foreign exchange
loss on translation 31 March 2025
\u00a3000 \u00a3000 \u00a3000 \u00a3000
Deferred tax liabilities - - - -
1 April
2023
Recognised in profit
or loss
Foreign exchange
loss on translation 31 March 2024
\u00a3000 \u00a3000 \u00a3000 \u00a3000
Deferred tax liabilities 75 (75) - -
Which consists of:
31 March 2024
\u00a3000
Revaluation of investment property (131)
Other timing difference 206
Total 75
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfIssuedCapitalExplanatory_E84_CY": { "value": "
12. Share capital
Year ended
31 March 2025
Year ended
31 March 2024
Number of shares
Number of shares
Shares of no par values issued and fully paid
Balance at the start of the year
33,740,929 33,740,929
Balance at the end of the year 33,740,929 33,740,929
No shares were issued by the Company during the year (31 March 2024: none).
", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_winv_DisclosureOfNetAssetValuePerOrdinaryShareExplanatory_D526651305_CY": { "value": "
13. Net asset value per ordinary share
The Net Asset Value per Ordinary Share at 31 March 2025 is based on the net assets attributable to the ordinary shareholders of
\u00a311.681 million (31 March 2024: \u00a314.461 million) and on 33,740,929 (31 March 2024:
33,740,929) ordinary shares in issue at
the Consolidated Statement of Financial Position date.
", "dimensions": { "concept": "winv:DisclosureOfNetAssetValuePerOrdinaryShareExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfFinancialRiskManagementExplanatory_E58_CY": { "value": "
14. Financial risk management
The Group is exposed to various types of risk which are associated with financial instruments. The Group's financial instruments
comprise investments, bank deposits, cash, receivables and payables which arise directly from its operations. The carrying value
of financial assets and liabilities approximates the fair value. The main risks arising from the Group's financial instruments are
credit risk, liquidity risk, interest risk, concentration risk, foreign currency risk, market risk and market price risk.
Credit risk
Credit risk is the risk that an issuer or counterparty will be unable or unwilling to meet a commitment which it has entered into
with the Group. Failure of any relevant counterparty to perform its obligations in respect of these items may lead to a financial
loss. The Group is principally exposed to credit risk in respect of cash and cash equivalents and trade and other receivables. The
credit risk associated with debtors is limited to trade and other receivables. It is the opinion of the Board of directors that the
carrying amounts of these financial assets represent the maximum credit risk exposure as at the reporting date.
14. Financial risk management
The credit risk on cash and cash equivalents is considered limited because the counterparties are banks with acceptable credit-
ratings assigned by international credit-ratings agencies.
As at 31 March 2025 the Group held \u00a3510,702 (31 March 2024: \u00a3291,475) with Butterfield Bank (Guernsey) Limited, which
has a Standard & Poor\u2019s rating of BBB+ (31 March 2024: BBB+), and \u20ac97,538 (\u00a381,683) (31 March 2024: \u20ac426,292 (\u00a3364,632))
with Banco di Desio e della Brianza S.p.A with a Fitch rating of BBB- (31 March 2024: BB+).
Property Trust Luxembourg 2 S.\u00e0 r.l., held \u00a31,662 (31 March 2024: \u00a31,230) in a current account with Alpha Group International
(formerly Alpha FX Group plc) (\u201cAlpha Group\u201d), an Electronic Money Institution authorised and regulated by the UK Financial
Conduct Authority. Whilst Alpha Group does not have a credit rating, the underlying funds held in the subsidiary\u2019s current
account are held with Citibank International Limited, Luxembourg Branch, a subsidiary of Citigroup Inc, which has a Standard
& Poor\u2019s credit rating of BBB+ (31 March 2024: BBB+).
Cash and cash equivalents, investments held at fair value through profit or loss and trade and other receivables presented in the
Consolidated Statement of Financial Position are subject to credit risk with maturities within one year. The Company\u2019s maximum
credit exposure is limited to the carrying amount of financial assets recognised as at the Consolidated Statement of Financial
Position date.
At the reporting date, the carrying amounts of the financial assets, excluding prepayments exposed to credit risk were as follows:
Within
one year 1-3 years
Total
As at 31 March 2025 \u00a3000s \u00a3000s \u00a3000s
Cash and cash equivalents 594 - 594
Trade and other receivables 59 - 59
Total 653 - 653
Within
one year 1-3 years
Total
As at 31 March 2024 \u00a3000s \u00a3000s \u00a3000s
Cash and cash equivalents 657 - 657
Total 657 - 657
Liquidity risk
Liquidity risk is the risk that the Group will encounter in realising assets or otherwise raising funds to meet financial commitments
in a reasonable time frame or at a reasonable price.
The Group is invested in two asset types, one investment property (20.08% of Net Assets), which is relatively illiquid, and
investments held at fair value through profit or loss, which are relatively liquid. The Group prepares forecasts which enables the
Group's operating cash flow requirements to be anticipated and ensures that sufficient liquidity is available to meet foreseeable
needs and to allow any surplus cash assets to be invested safely and profitably. The Group also monitors the cash position in all
subsidiaries to ensure that any working capital requirements are addressed as early as possible. As at 31 March 2025 and 31
March 2024, the Group had no significant financial liabilities other than short-term payables.
Interest rate risk
Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in
market interest rates. The Group\u2019s interest-bearing financial assets and liabilities expose it to risks associated with the effects of
fluctuations in the prevailing levels of market interest rates on its financial position and cash flows. As at the year end, the
Group\u2019s overall interest rate risk is monitored on a quarterly basis by the Board. As the vast majority of the Group\u2019s investments
held at fair value through profit or loss are not interest-bearing and are not directly subject to interest rate risk, the exposure to
interest rate risk is not significant.
Concentration risk
As at 31 March 2025, the Group held one Investment Property representing 20.08% of NAV (31 March 2024: 42.89%). The
Company also held various investments, more details of which are set out on page 60. The largest investment exposure was to
Smith News Plc, representing 46.79% of NAV (31 March 2024: 33.98%).
The Group pursues a policy of diversifying its risk in accordance with its Investment Policy, which is detailed on pages 61 to
62. Save for the Curno Asset until such time as it is realised, the Group intends to adhere to the investment restrictions set out
therein.
Foreign currency risk
The Group is invested in assets denominated in a currency other than pounds sterling (that is Euros), the Company's functional
and presentation currency, and the Consolidated Statement of Financial Position may be significantly affected by movements in
the exchange rate of such currencies against pounds sterling. The following table sets out the total exposure to foreign currency
risk and the net exposure to foreign currency of the Group\u2019s monetary and non-monetary assets and liabilities based on notional
amounts.
Net
Assets
Liabilities
exposure
\u00a3000s \u00a3000s \u00a3000s
At 31 March 2025 Euro 2,673 (241) 2,432
At 31 March 2024 Euro 6,769
(252)
6,517
Foreign currency risk sensitivity
The following table demonstrates the sensitivity to potential fluctuations in the Euro exchange rate (ceteris paribus) of the
Group\u2019s equity.
Increase/decrease
Effect on
equity
in exchange
and income
rate \u00a3000s
At 31 March 2025
Euro +5% 122
Euro -5% (122)
At 31 March 2024
Euro
+5%
326
Euro -5%
(326)
The sensitivity rate of 5% for Euros as at 31 March 2025 (31 March 2024: 5% for Euros) is regarded as reasonable in light of
the recent volatility of pounds sterling vs the Euro. Any changes in the foreign exchange rate will directly affect the profit and
loss, allocated to the foreign currency reserve of the Consolidated Statement of Changes in Equity.
Market risk
Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
prices. The Group\u2019s activities expose it primarily to the market risks of changes in market prices.
Market price risk
Market price risk arises mainly from the uncertainty about future prices of the financial instruments held by the Group. It
represents the potential loss the Group may suffer through holding market positions in the face of price movements.
The Group\u2019s investment portfolio is exposed to market price fluctuations, which are monitored by the Investment Advisor in
pursuance of the investment objectives and policies.
Market price sensitivity analysis
The sensitivity analysis below has been determined based on the exposure to equities risks at the reporting date. The 20%
reasonably possible price movement for equity-related securities (31 March 2024: 20%) is based on the Investment Advisor\u2019s
best judgement. The sensitivity rate for equity-related investments of 20% is regarded as reasonable, as in the Investment
Advisor\u2019s view there is expected to be considerable volatility in equity markets in the coming year.
A 20% increase in the market prices of equity-related investments as at 31 March 2025 would have increased the net assets
attributable to shareholders by \u00a31,776,996 (31 March 2024: \u00a31,601,780) and a 20% change in the opposite direction would have
decreased the net assets attributable to shareholders by an equal but opposite amount.
Actual trading results may differ from the above sensitivity analysis and these differences could be material.
Fair value
Financial assets at fair value through profit or loss are carried at fair value. Other assets and liabilities are carried at cost which
approximates fair value.
IFRS 13 requires the Group to classify a fair value hierarchy which reflects the significance of the inputs used in making the
measurements. IFRS 13 establishes a fair value hierarchy which prioritises the inputs to valuation techniques used to measure
fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities
(Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value
hierarchy under IFRS 13 are defined below.
The level in the fair value hierarchy within which the fair value measurement is categorised in its entirety is determined on the
basis of the lowest level input that is significant to the fair value measurement in its entirety. For this purpose, the significance
of an input is assessed against the fair value measurement in its entirety. If a fair value measurement uses observable inputs
which require significant adjustment based on unobservable inputs, that measurement is a Level 3 measurement.
Assessing the significance of a particular input to the fair value measurement in its entirety requires judgement, considering
factors specific to the asset or liability.
The determination of what constitutes \u2018observable\u2019 requires significant judgement by the Directors. The Directors consider
observable data to be market data that is readily available, regularly distributed or updated, reliable and verifiable, not proprietary,
and provided by independent sources which are actively involved in the relevant market.
Assets classified in Level 1 consist of listed or quoted equities or equity-related securities, options and bonds which are issued
by corporate issuers, supra-nationals or government organisations.
Assets classified in Level 2 are investments such as funds fair-valued using the official NAV of each fund as reported by each
fund\u2019s independent administrator at the reporting date. Assets invested in quoted equity-type products in a less active market are
classified as level 2 (see note 8). Options and foreign exchange forward contracts are fair valued using publicly available data.
Foreign exchange forward contracts would be shown as derivative financial assets and liabilities.
Assets classified in Level 3 consist of investments for which no market exists for trading, for example investments in liquidating
or illiquid funds, which would be reported using the latest available official NAV less dividends declared to date of each fund as
reported by each fund\u2019s independent administrator at the last reporting date. Where a market exists for trading in illiquid funds,
these are classified in Level 2.
The Group recognises any transfers between levels of fair value hierarchy as of the end of the reporting period during which the
transfer has occurred. Refer to note 8 for details on transfers during the year ended 31 March 2025 and the year ended 31 March
2024.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfCreditRiskExplanatory_E27_CY": { "value": "
Credit risk
Credit risk is the risk that an issuer or counterparty will be unable or unwilling to meet a commitment which it has entered into
with the Group. Failure of any relevant counterparty to perform its obligations in respect of these items may lead to a financial
loss. The Group is principally exposed to credit risk in respect of cash and cash equivalents and trade and other receivables. The
credit risk associated with debtors is limited to trade and other receivables. It is the opinion of the Board of directors that the
carrying amounts of these financial assets represent the maximum credit risk exposure as at the reporting date.
The credit risk on cash and cash equivalents is considered limited because the counterparties are banks with acceptable credit-
ratings assigned by international credit-ratings agencies.
As at 31 March 2025 the Group held \u00a3510,702 (31 March 2024: \u00a3291,475) with Butterfield Bank (Guernsey) Limited, which
has a Standard & Poor\u2019s rating of BBB+ (31 March 2024: BBB+), and \u20ac97,538 (\u00a381,683) (31 March 2024: \u20ac426,292 (\u00a3364,632))
with Banco di Desio e della Brianza S.p.A with a Fitch rating of BBB- (31 March 2024: BB+).
Property Trust Luxembourg 2 S.\u00e0 r.l., held \u00a31,662 (31 March 2024: \u00a31,230) in a current account with Alpha Group International
(formerly Alpha FX Group plc) (\u201cAlpha Group\u201d), an Electronic Money Institution authorised and regulated by the UK Financial
Conduct Authority. Whilst Alpha Group does not have a credit rating, the underlying funds held in the subsidiary\u2019s current
account are held with Citibank International Limited, Luxembourg Branch, a subsidiary of Citigroup Inc, which has a Standard
& Poor\u2019s credit rating of BBB+ (31 March 2024: BBB+).
Cash and cash equivalents, investments held at fair value through profit or loss and trade and other receivables presented in the
Consolidated Statement of Financial Position are subject to credit risk with maturities within one year. The Company\u2019s maximum
credit exposure is limited to the carrying amount of financial assets recognised as at the Consolidated Statement of Financial
Position date.
At the reporting date, the carrying amounts of the financial assets, excluding prepayments exposed to credit risk were as follows:
Within
one year 1-3 years
Total
As at 31 March 2025 \u00a3000s \u00a3000s \u00a3000s
Cash and cash equivalents 594 - 594
Trade and other receivables 59 - 59
Total 653 - 653
Within
one year 1-3 years
Total
As at 31 March 2024 \u00a3000s \u00a3000s \u00a3000s
Cash and cash equivalents 657 - 657
Total 657 - 657
", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfLiquidityRiskExplanatory_E88_CY": { "value": "
Liquidity risk
Liquidity risk is the risk that the Group will encounter in realising assets or otherwise raising funds to meet financial commitments
in a reasonable time frame or at a reasonable price.
The Group is invested in two asset types, one investment property (20.08% of Net Assets), which is relatively illiquid, and
investments held at fair value through profit or loss, which are relatively liquid. The Group prepares forecasts which enables the
Group's operating cash flow requirements to be anticipated and ensures that sufficient liquidity is available to meet foreseeable
needs and to allow any surplus cash assets to be invested safely and profitably. The Group also monitors the cash position in all
subsidiaries to ensure that any working capital requirements are addressed as early as possible. As at 31 March 2025 and 31
March 2024, the Group had no significant financial liabilities other than short-term payables.
", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory_E39_CY": { "value": "
Foreign currency risk
The Group is invested in assets denominated in a currency other than pounds sterling (that is Euros), the Company's functional
and presentation currency, and the Consolidated Statement of Financial Position may be significantly affected by movements in
the exchange rate of such currencies against pounds sterling. The following table sets out the total exposure to foreign currency
risk and the net exposure to foreign currency of the Group\u2019s monetary and non-monetary assets and liabilities based on notional
amounts.
Net
Assets
Liabilities
exposure
\u00a3000s \u00a3000s \u00a3000s
At 31 March 2025 Euro 2,673 (241) 2,432
At 31 March 2024 Euro 6,769
(252)
6,517
Foreign currency risk sensitivity
The following table demonstrates the sensitivity to potential fluctuations in the Euro exchange rate (ceteris paribus) of the
Group\u2019s equity.
Increase/decrease
Effect on
equity
in exchange
and income
rate \u00a3000s
At 31 March 2025
Euro +5% 122
Euro -5% (122)
At 31 March 2024
Euro
+5%
326
Euro -5%
(326)
The sensitivity rate of 5% for Euros as at 31 March 2025 (31 March 2024: 5% for Euros) is regarded as reasonable in light of
the recent volatility of pounds sterling vs the Euro. Any changes in the foreign exchange rate will directly affect the profit and
loss, allocated to the foreign currency reserve of the Consolidated Statement of Changes in Equity.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfMarketRiskExplanatory_E91_CY": { "value": "
Market risk
Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
prices. The Group\u2019s activities expose it primarily to the market risks of changes in market prices.
", "dimensions": { "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory_E54_CY": { "value": "
Fair value
Financial assets at fair value through profit or loss are carried at fair value. Other assets and liabilities are carried at cost which
approximates fair value.
IFRS 13 requires the Group to classify a fair value hierarchy which reflects the significance of the inputs used in making the
measurements. IFRS 13 establishes a fair value hierarchy which prioritises the inputs to valuation techniques used to measure
fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities
(Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value
hierarchy under IFRS 13 are defined below.
The level in the fair value hierarchy within which the fair value measurement is categorised in its entirety is determined on the
basis of the lowest level input that is significant to the fair value measurement in its entirety. For this purpose, the significance
of an input is assessed against the fair value measurement in its entirety. If a fair value measurement uses observable inputs
which require significant adjustment based on unobservable inputs, that measurement is a Level 3 measurement.
Assessing the significance of a particular input to the fair value measurement in its entirety requires judgement, considering
factors specific to the asset or liability.
The determination of what constitutes \u2018observable\u2019 requires significant judgement by the Directors. The Directors consider
observable data to be market data that is readily available, regularly distributed or updated, reliable and verifiable, not proprietary,
and provided by independent sources which are actively involved in the relevant market.
Assets classified in Level 1 consist of listed or quoted equities or equity-related securities, options and bonds which are issued
by corporate issuers, supra-nationals or government organisations.
Assets classified in Level 2 are investments such as funds fair-valued using the official NAV of each fund as reported by each
fund\u2019s independent administrator at the reporting date. Assets invested in quoted equity-type products in a less active market are
classified as level 2 (see note 8). Options and foreign exchange forward contracts are fair valued using publicly available data.
Foreign exchange forward contracts would be shown as derivative financial assets and liabilities.
Assets classified in Level 3 consist of investments for which no market exists for trading, for example investments in liquidating
or illiquid funds, which would be reported using the latest available official NAV less dividends declared to date of each fund as
reported by each fund\u2019s independent administrator at the last reporting date. Where a market exists for trading in illiquid funds,
these are classified in Level 2.
The Group recognises any transfers between levels of fair value hierarchy as of the end of the reporting period during which the
transfer has occurred. Refer to note 8 for details on transfers during the year ended 31 March 2025 and the year ended 31 March
2024.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_E124_CY": { "value": "
15. Reserves
(a) Revenue reserves
Revenue reserves arise as a result of the profit or loss created by the Group.
(b) Capital reserves
Capital reserves arose from the cancellation of the share premium account pursuant to the special resolution passed at the EGM
on 13 April 2005 and approved by the Royal Court of Guernsey on 24 June 2005.
(c) Foreign currency reserves
Foreign currency reserves arise as a result of the translation of the Financial Statements of foreign operations, the functional and
presentation currency of which is not pounds sterling.
Under the Companies (Guernsey) Law, 2008, there is no restriction on the type of reserves from which distributions can be made
provided the Company is solvent
", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfRelatedPartyExplanatory_E115_CY": { "value": "
16. Related party transactions
The Directors are responsible for the determination of the Company\u2019s investment objective and policy and have overall
responsibility for the Group's activities including the review of investment activity and performance.
Mr Nixon, a Director of the Company, is also Founding Partner and a Designated Member of Worsley Associates LLP. The total
charge to the Consolidated Statement of Comprehensive Income during the year in respect of Investment Advisor fees to Worsley
Associates was \u00a3197,328 (31 March 2024: \u00a3187,057) of which \u00a318,687 (31 March 2024: \u00a318,825) remained payable at the year
end.
The fees and expenses payable to the Investment Advisor are explained in note 3.
Upon appointment of Worsley Associates as Investment Advisor (31 May 2019), Mr Nixon waived his future Director\u2019s fee for
so long as he is a member of the Investment Advisor.
As at 31 March 2025, Mr Nixon held 29.99% of the shares in the Company (31 March 2024: 29.88%).
As at 31 March 2025, Mr Scott held 2.96% of the shares in the Company (31 March 2024: 2.77%).
16. Related party transactions
The aggregate remuneration and benefits in kind of the Directors and directors of the Company\u2019s subsidiaries in respect of the
year ended 31 March 2025 amounted to \u00a345,830 (31 March 2024: \u00a346,103) in respect of the Group of which \u00a335,000 (31 March
2024: \u00a335,000) was in respect of the Company. Please refer to page 27 for further details on the Directors\u2019 fees.
", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_E24_CY": { "value": "
17. Commitments and contingent liability
As at 31 March 2025 the Company had no commitments.
", "dimensions": { "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_E41_CY": { "value": "
18. Segmental analysis
As at 31 March 2025, the Group has two segments (31 March 2024: two). The following summary describes the operations in
each of the Group's reportable segments for the current year:
Property Group Management of the Group's property asset.
Parent Company Parent Company, which holds listed equity investments
Information regarding the results of each reportable segment is shown below. Performance is measured based on segment
profit/(loss) for the year, as included in the internal management reports that are reviewed by the Board, which is the Chief
Operating Decision Maker (\u201cCODM\u201d). Segment profit is used to measure performance as management believes that such
information is the most relevant in evaluating the results of certain segments relative to other comparable operators.
The accounting policies of the reportable segments are the same as the Group's accounting policies described in note 2.
(a) Group's reportable segments
Continuing Operations
31 March 2025 Property Group Parent Company Total
\u00a3000 \u00a3000 \u00a3000
External revenue
Rental income 699 - 699
Property income write-off (44) - (44)
Property operating expenses (162) - (162)
Unrealised loss on investment property
(3,197) - (3,197)
Lease incentive write-off (568) - (568)
Net gain on investments at fair value through profit or loss
-
1,240 1,240
Total segment revenue (3,272) 1,240 (2,032)
Expenses
General and administrative expenses (223) (466) (689)
Total operating expenses (223) (466) (689)
(Loss)/profit before tax (3,495) 774 (2,721)
Income tax charge (89) - (89)
Deferred tax credit - - -
(Loss)/
profit after tax (3,584) 774 (2,810)
(Loss)/profit for the year (3,584) 774 (2,810)
Total assets 2,557 9,473 12,030
Total liabilities (241) (108) (349)
Continuing Operations
31 March 2024 Property Group
Parent Company
Total
\u00a3000 \u00a3000 \u00a3000
External revenue
Rental income 823 - 823
Property operating expenses (150) - (150)
Unrealised loss on investment property (211) - (211)
Net gain on investments at fair value through profit or loss
-
183 183
Total segment revenue 462 183 645
Expenses
General and administrative expenses (143) (430) (573)
Total operating expenses (143) (430) (573)
(Loss)/profit before tax 319 (247) 72
Income tax charge (117) - (117)
Deferred tax credit 75 - 75
(Loss)/profit after tax 277 (247) 30
(Loss)/profit for the year 277 (247) 30
Continuing Operations
31 March 2024 (continued) Property Group Parent Company Total
\u00a3000 \u00a3000 \u00a3000
Total assets 6,769 8,319 15,088
Total liabilities 234 193 427
(b) Geographical information
The Company is domiciled in Guernsey. The Group has subsidiaries incorporated in Europe.
The Group's revenue from external customers from continuing operations and information about its segment non-current assets
by geographical location (of the country of incorporation of the entity earning revenue or holding the asset) are detailed below:
Revenue from External Customers Non-Current Assets
31 March 2025 31 March 2025
\u00a3000 \u00a3000
Europe 699 2,345
Revenue from External Customers Non-Current Assets
31 March 2024 31 March 2024
\u00a3000 \u00a3000
Europe 823 6,231
", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_winv_DisclosureOfNetAssetValueExplanatory_D1208964022_CY": { "value": "
19. Net asset value reconciliation
Adjustments were made to the Company\u2019s net asset value (\u201cNAV\u201d) following the publication to LSE on 9 June. This following
reconciliation shows the adjustments made between the Financial Reporting NAV and the published NAV:
31 March 2025 31 March 2024
NAV per share
(pence) \u00a3000
NAV per share
(pence) \u00a3000
Published NAV per LSE 40.08 13,523 43.45 14,661
Difference between Directors\u2019 non-IFRS valuation
and IFRS Fair Value 5.46 1,842 - -
Financial reporting NAV 34.62 11,681 43.45 14,661
For the purposes of the previously published unaudited Net Asset Value (NAV), the Directors adopted a valuation of the property
on a non-IFRS fair value basis. This approach reflected the Directors\u2019 internal assessment, which incorporated commercial
assumptions regarding the future performance and prospects of the property.
In contrast, the valuation adopted in these Financial Statements is prepared on an IFRS fair value basis, in accordance with IFRS,
and has been determined by the independent external valuer, as detailed in notes 2(d) and 7. The difference between the two
valuations arises from differing assumptions, with the valuation adopted in the RNS announcement reflecting a more favourable
outlook compared to the more conservative assumptions applied by the external valuer.
The Directors acknowledge the importance of consistency with accounting standards and transparency for financial reporting
purposes. Accordingly, the fair value determined by the independent external valuer has been adopted in these Financial
Statements as the appropriate and reliable measure of the property's value in accordance with IFRS for the purposes of these
Financial Statements.
", "dimensions": { "concept": "winv:DisclosureOfNetAssetValueExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "fact_ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_E42_CY": { "value": "
20. Subsequent events
On 31 March 2025, the Company entered into a new lease agreement with Notorious (see note 4 for further details), an Italian
company, for it to operate the cinema complex. Notorious is a wholly owned subsidiary of Notorious Pictures S.p.A., an Italian
company, whose shares are listed on the Euronext Growth Milan market, and which through its group of companies is an
international movie producer and distributor and one of Italy's leading cinema operators. The effective date of the lease agreement
is 3 April 2025.
There were no other post year end events which require disclosure in these Financial Statements.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } }, "ifrs-full_AddressOfRegisteredOfficeOfEntity_E8_CY": { "value": "1 Royal Plaza Royal Avenue St Peter Port Guernsey, GY1 2HL ", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:213800AF85VEZMDMF931", "period": "2024-04-01T00:00:00/2025-04-01T00:00:00" } } } }