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REGISTERED NUMBER: 04462106 (England and Wales)








Unaudited Financial Statements

For The Year Ended 28 February 2025

for

Wallabrook Ltd

Wallabrook Ltd (Registered number: 04462106)






Contents of the Financial Statements
For The Year Ended 28 February 2025




Page

Balance Sheet 1

Notes to the Financial Statements 2


Wallabrook Ltd (Registered number: 04462106)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 52,947 63,551
Investment property 5 207,046 -
259,993 63,551

CURRENT ASSETS
Stocks 1,672,424 1,782,659
Debtors 6 432,135 340,464
Cash at bank and in hand 324,720 306,772
2,429,279 2,429,895
CREDITORS
Amounts falling due within one year 7 198,208 180,055
NET CURRENT ASSETS 2,231,071 2,249,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,491,064

2,313,391

PROVISIONS FOR LIABILITIES 6,430 7,557
NET ASSETS 2,484,634 2,305,834

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 2,484,530 2,305,730
SHAREHOLDERS' FUNDS 2,484,634 2,305,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





A J Horton - Director


Wallabrook Ltd (Registered number: 04462106)

Notes to the Financial Statements
For The Year Ended 28 February 2025

1. STATUTORY INFORMATION

Wallabrook Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04462106

Registered office: 91 New George Street
Plymouth
Devon
PL1 1RQ

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised at the point where all rights and obligations are transferred to the company.

Interest is recognised on pawnbroking activities on an accruals basis.

Rental income is recognised during the period it covers and is deferred/accrued where necessary.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and fittings20% on reducing balance
Computer equipment3 years straight line
Improvements to leasehold
property

20 years straight line
Motor vehicles20% on reducing balance

Investment property
Investment property is included at fair value at each reporting date. Changes in fair value are recognised in the income statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Wallabrook Ltd (Registered number: 04462106)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 41 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 263,947
Additions 2,043
At 28 February 2025 265,990
DEPRECIATION
At 1 March 2024 200,396
Charge for year 12,647
At 28 February 2025 213,043
NET BOOK VALUE
At 28 February 2025 52,947
At 29 February 2024 63,551

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 207,046
At 28 February 2025 207,046
NET BOOK VALUE
At 28 February 2025 207,046

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 295,244 211,698
Other debtors 136,891 128,766
432,135 340,464

Wallabrook Ltd (Registered number: 04462106)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade creditors 1,848 1,813
Taxation and social security 179,501 164,200
Other creditors 16,859 14,042
198,208 180,055

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.25 29.2.24
£    £   
Within one year 62,663 62,167
Between one and five years 112,370 120,500
175,033 182,667

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25 29.2.24
£    £   
A J Horton
Balance outstanding at start of year - 1,124
Amounts advanced 3,680 -
Amounts repaid - (1,124 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,680 -

A loan existed between the company and the director, Mr A Horton. This loan was interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

A loan existed between the company and the son of a director of £120,000 (2024 £120,000). This is an interest only loan with interest at the HMRC official rate.