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REGISTERED NUMBER: 00533089 (England and Wales)















Group Strategic Report, Directors' Report and

Consolidated Financial Statements for the Year Ended 30 June 2024

for

Walker & Son (Hauliers) Limited

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Contents of the Consolidated Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Group Strategic Report 2

Directors' Report 3

Report of the Independent Auditors 5

Consolidated Income Statement 8

Consolidated Other Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 18


Walker & Son (Hauliers) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Richard Edward Walker
Mr Daniel Richard Edward Walker
Mr James Anthony Edward Walker
Mr Jack Walker-Tulley



SECRETARY: Mr Lee John Bartrop



REGISTERED OFFICE: Ollerton Road
Tuxford
Nottinghamshire
NG22 0PQ



REGISTERED NUMBER: 00533089 (England and Wales)



INDEPENDENT AUDITORS: Landin Wilcock & Co
Statutory Auditor
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB



SOLICITORS: Brown Jacobson LLP
Mowbray House
Castle Meadow Road
Nottingham
Nottinghamshire
NG2 1BJ

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Group Strategic Report
for the Year Ended 30 June 2024


The directors present their strategic report of the company and the group for the year ended 30 June 2024.

REVIEW OF BUSINESS
The directors consider that the results for the year and financial position at the end of the year were positive,
particularly in light of the challenging economic environment, including inflation and high interest rates.

The group's key financial and other performance indicators during the year were as follows:

Unit 2024 2023

Turnover £   's 20,503 34,284
Gross profit £   's 9,121 10,701
Gross profit margin % 44 31
Profit before tax £   's 18,108 17,499

PRINCIPAL RISKS AND UNCERTAINTIES
The company has continued to successfully operate and supply customers during the challenging recent years and has seen an increase in turnover in the haulage industry reflecting ongoing recovery in demand.

The business' activities expose it primarily to the financial risks of changes in fuel prices, availability of drivers, fluctuations in the property market and the demand for electricity.

ON BEHALF OF THE BOARD:





Mr Richard Edward Walker - Director


27 June 2025

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Directors' Report
for the Year Ended 30 June 2024


The directors present their report with the financial statements of the company and the group for the year ended 30 June 2024.

PRINCIPAL ACTIVITIES
The principal activities of the group are that of haulage, plant hire, property development, energy production, energy storage, storage and rental.

DIVIDENDS
The following interim dividends were paid on 20 March 2024:

Share class Share sub-class Dividend per share
Ordinary A £0.85
Ordinary B £14.48
Ordinary C £13.52
Ordinary E £5.86
Ordinary F £1.41

The directors recommend that no final dividend be paid. The total distribution of dividends for the year ended 30 June 2024 will be £188,600.

FUTURE DEVELOPMENTS
The group continues to invest in energy production and storage, whilst also maintaining a strong focus on its traditional revenue streams, which remain profitable. Given the group’s strong history and established reputation, we expect continued healthy profitability in the year ahead.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

Mr Richard Edward Walker
Mr Daniel Richard Edward Walker
Mr James Anthony Edward Walker
Mr Jack Walker-Tulley

FINANCIAL INSTRUMENTS
The business' activities exposes it primarily to the financial risks of changes in foreign currency exchange rates, fluctuations in the property market and rising fuel costs.

The business' principal financial instruments comprise bank balances, overdrafts, trade debtors, trade creditors, loans and finance lease agreements. The main purpose of these instruments is to finance the business' operations.

In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of overdrafts at floating rates of interest. All of the business' cash balances are held in such a way that achieves a competitive rate of interest.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debts.

Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet the amounts due.

DONATIONS AND EXPENDITURE
During the year the company has made donations of £1,128 to local charities and good causes.


Walker & Son (Hauliers) Limited (Registered number: 00533089)

Directors' Report
for the Year Ended 30 June 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Landin Wilcock & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr Richard Edward Walker - Director


27 June 2025

Report of the Independent Auditors to the Members of
Walker & Son (Hauliers) Limited


Opinion
We have audited the financial statements of Walker & Son (Hauliers) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 June 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 June 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Directors' Report, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
Walker & Son (Hauliers) Limited


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Walker & Son (Hauliers) Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- minimal reliance was placed upon the operating effectiveness of internal controls in the design and
performance of our substantive procedures;

- discussions were held with management considering known or suspected non-compliance with laws,
regulations and fraud;

- journal entries were reviewed for any entries made outside the ordinary reporting processes with particular
emphasis on those with unusual account combinations, entries crediting revenue and those without specific
descriptions;

- management assumptions in their significant accounting estimates were challenged and scrutinised.

There are inherent limitations in the audit procedures described above, and the further removed
non-compliance with laws and regulations is from the events and transactions reflected in the financial
statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement
due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate
concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr Robert Hampstead (Senior Statutory Auditor)
for and on behalf of Landin Wilcock & Co
Statutory Auditor
68 Queen Street
Sheffield
South Yorkshire
S1 1WR

27 June 2025

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Consolidated
Income Statement
for the Year Ended 30 June 2024

2024 2023
Notes £    £   

TURNOVER 5 20,503,176 34,284,343

Cost of sales (11,381,901 ) (23,582,945 )
GROSS PROFIT 9,121,275 10,701,398

Administrative expenses (6,840,455 ) (5,464,675 )
2,280,820 5,236,723

Other operating income 10,571,120 7,435,357
Gain/loss on revaluation of investment
property

5,760,218

4,879,825
GROUP OPERATING PROFIT 7 18,612,158 17,551,905

Share of operating profit in
Joint ventures - 876

Interest receivable and similar income 66,858 46,322
18,679,016 17,599,103
Amounts written off investments 9 (310,403 ) (34,779 )
18,368,613 17,564,324

Interest payable and similar expenses 10 (261,025 ) (65,115 )
PROFIT BEFORE TAXATION 18,107,588 17,499,209

Tax on profit 11 (4,591,529 ) (3,680,503 )
PROFIT FOR THE FINANCIAL YEAR 13,516,059 13,818,706
Profit attributable to:
Owners of the parent 13,516,059 13,818,706

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Consolidated
Other Comprehensive Income
for the Year Ended 30 June 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 13,516,059 13,818,706


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

13,516,059

13,818,706

Total comprehensive income attributable to:
Owners of the parent 13,516,059 13,818,706

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Consolidated Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 14 1,250,008 1,366,516
Tangible assets 15 44,750,181 45,272,856
Investments 16 - 401,687
Investment property 17 78,053,310 66,271,807
124,053,499 113,312,866

CURRENT ASSETS
Stocks 18 11,060,922 4,776,391
Debtors 19 9,219,956 7,848,321
Investments 20 1,243,087 1,101,815
Cash at bank and in hand 3,570,471 2,065,459
25,094,436 15,791,986
CREDITORS
Amounts falling due within one year 21 (14,069,795 ) (9,490,208 )
NET CURRENT ASSETS 11,024,641 6,301,778
TOTAL ASSETS LESS CURRENT LIABILITIES 135,078,140 119,614,644

CREDITORS
Amounts falling due after more than one
year

22

(516,140

)

-

PROVISIONS FOR LIABILITIES 26 (15,605,713 ) (13,985,816 )
NET ASSETS 118,956,287 105,628,828

CAPITAL AND RESERVES
Called up share capital 27 44,898 44,898
Share premium 28 1,249,576 1,249,576
Capital redemption reserve 28 13,852 13,852
Retained earnings 28 117,647,961 104,320,502
SHAREHOLDERS' FUNDS 118,956,287 105,628,828

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





Mr Richard Edward Walker - Director


Walker & Son (Hauliers) Limited (Registered number: 00533089)

Company Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 14 1,250,008 1,366,516
Tangible assets 15 39,371,407 41,821,786
Investments 16 605 1,138,754
Investment property 17 74,533,311 62,751,808
115,155,331 107,078,864

CURRENT ASSETS
Stocks 18 11,060,922 4,776,391
Debtors 19 13,930,594 11,157,808
Investments 20 1,243,087 1,101,815
Cash at bank and in hand 3,133,919 1,144,131
29,368,522 18,180,145
CREDITORS
Amounts falling due within one year 21 (11,322,596 ) (7,705,092 )
NET CURRENT ASSETS 18,045,926 10,475,053
TOTAL ASSETS LESS CURRENT LIABILITIES 133,201,257 117,553,917

CREDITORS
Amounts falling due after more than one
year

22

(516,140

)

-

PROVISIONS FOR LIABILITIES 26 (14,763,339 ) (13,575,513 )
NET ASSETS 117,921,778 103,978,404

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Company Balance Sheet - continued
30 June 2024

2024 2023
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 27 44,898 44,898
Share premium 28 1,249,576 1,249,576
Capital redemption reserve 28 13,852 13,852
Retained earnings 28 116,613,452 102,670,078
SHAREHOLDERS' FUNDS 117,921,778 103,978,404

Company's profit for the financial year 14,131,974 13,042,116


The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2025 and were signed on its behalf by:





Mr Richard Edward Walker - Director


Walker & Son (Hauliers) Limited (Registered number: 00533089)

Consolidated Statement of Changes in Equity
for the Year Ended 30 June 2024

Called up Capital
share Retained Share redemption Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 July 2022 44,898 90,663,796 1,249,576 13,852 91,972,122

Changes in equity
Dividends - (162,000 ) - - (162,000 )
Total comprehensive income - 13,818,706 - - 13,818,706
Balance at 30 June 2023 44,898 104,320,502 1,249,576 13,852 105,628,828

Changes in equity
Dividends - (188,600 ) - - (188,600 )
Total comprehensive income - 13,516,059 - - 13,516,059
Balance at 30 June 2024 44,898 117,647,961 1,249,576 13,852 118,956,287

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Company Statement of Changes in Equity
for the Year Ended 30 June 2024

Called up Capital
share Retained Share redemption Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 July 2022 44,898 89,789,962 1,249,576 13,852 91,098,288

Changes in equity
Dividends - (162,000 ) - - (162,000 )
Total comprehensive income - 13,042,116 - - 13,042,116
Balance at 30 June 2023 44,898 102,670,078 1,249,576 13,852 103,978,404

Changes in equity
Dividends - (188,600 ) - - (188,600 )
Total comprehensive income - 14,131,974 - - 14,131,974
Balance at 30 June 2024 44,898 116,613,452 1,249,576 13,852 117,921,778

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Consolidated Cash Flow Statement
for the Year Ended 30 June 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 8,696,437 17,984,690
Interest paid (261,025 ) (21,998 )
Interest element of hire purchase or
finance lease rental payments paid

-

(43,117

)
Tax paid (610,133 ) (853,946 )
Net cash from operating activities 7,825,279 17,065,629

Cash flows from investing activities
Purchase of tangible fixed assets (1,944,647 ) (7,319,037 )
Purchase of investment property (10,123,251 ) (6,784,803 )
Sale of tangible fixed assets 874,636 603,557
Sale of investment property 3,100,000 175,000
Purchase of current asset investments - (670,000 )
Investment loans repaid - 8,000
Interest received 16,843 17,260
Net cash from investing activities (8,076,419 ) (13,970,023 )

Cash flows from financing activities
New loans in year 5,030,000 -
Loan repayments in year (3,085,248 ) -
Capital repayments of HP in year - (3,892,769 )
Equity dividends paid (188,600 ) (162,000 )
Net cash from financing activities 1,756,152 (4,054,769 )

Increase/(decrease) in cash and cash equivalents 1,505,012 (959,163 )
Cash and cash equivalents at beginning
of year

2

2,065,459

3,024,622

Cash and cash equivalents at end of year 2 3,570,471 2,065,459

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 30 June 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 18,107,588 17,499,209
Depreciation charges 3,089,045 3,037,738
Profit on disposal of fixed assets (377,885 ) (93,673 )
Gain on revaluation of fixed assets (5,760,218 ) (4,879,825 )
Increase/(decrease) in provisions 1 (876 )
Amounts written off investments 310,431 49,517
Finance costs 261,025 65,115
Finance income (66,858 ) (46,322 )
15,563,129 15,630,883
(Increase)/decrease in stocks (6,284,531 ) 3,187,131
(Increase)/decrease in trade and other debtors (1,371,636 ) 244,588
Increase/(decrease) in trade and other creditors 789,475 (1,077,912 )
Cash generated from operations 8,696,437 17,984,690

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 June 2024
30/6/24 1/7/23
£    £   
Cash and cash equivalents 3,570,471 2,065,459
Year ended 30 June 2023
30/6/23 1/7/22
£    £   
Cash and cash equivalents 2,065,459 3,024,622


Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 30 June 2024


3. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1/7/23 Cash flow At 30/6/24
£    £    £   
Net cash
Cash at bank and in hand 2,065,459 1,505,012 3,570,471
2,065,459 1,505,012 3,570,471

Liquid resources
Current asset investments 1,101,815 141,272 1,243,087
1,101,815 141,272 1,243,087
Debt
Debts falling due within 1 year (2,167,558 ) (1,428,612 ) (3,596,170 )
Debts falling due after 1 year - (516,140 ) (516,140 )
(2,167,558 ) (1,944,752 ) (4,112,310 )
Total 999,716 (298,468 ) 701,248

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Walker & Son (Hauliers) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006. The company meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its separate financial statements, which are presented alongside the consolidated financial statements. Exemptions have been taken in relation to the presentation of an individual cash flow statement.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Basis of consolidation
The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 30 June 2024.

A subsidiary undertaking is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

Inter-company transactions, balance and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.

Intra-group losses are also eliminated but may indicate impairment that requires recognition in the consolidated financial statements.

The consolidated financial statements include the group's share of results and net assets of associated undertakings, under the equity method of accounting. Profits arising from transactions with associate undertakings are eliminated in proportion to the group's interest in the shares of that undertaking.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


3. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from building development sales is classified as the sale of goods and is recognised when the substantial risks and rewards of ownership are passed to the buyer, this is typically the date of completion.

Some of the group's turnover classified as building development sales is derived from construction contracts. Turnover from construction contracts is recognised by reference to the stage of completion on the given contract. The stage of completion is determined by a comparison of contract costs at the reporting date with expected total contract costs at completion.

Revenue from all other sources of income referred to in note 5 is recognised in the period in which the services were rendered.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Wind turbines - 5% on cost
Plant and machinery - 25% on reducing balance and 5% on cost
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises the direct materials and direct labour costs and those overheads that have been incurred in bring the stocks to their present condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the group becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

All of the group's financial instruments can be categorised as 'Basic Financial Instruments' and are accounted for in accordance with Section 11 of FRS 102.

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

Current or deferred taxation assets and liabilities are not discounted.

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

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

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

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


3. ACCOUNTING POLICIES - continued

Employee benefit trusts
The group has established trusts for the benefit of all its employees and certain of their dependants. Monies held in these trusts are held by independent trustees and managed at their discretion.

Where the group retains future economic benefit from, and has de facto control of the assets and liabilities of the trust, they are accounted for as assets and liabilities of the group until the earlier of the date than an allocation of trust funds to employees in respect of past services is declared and the date that assets of the trust vest in identified individuals.

Where monies held in a trust are determined by the group on the basis of employees' past services to the business and the group can obtain no future economic benefit from those monies, such monies, whether in trust or accrued for by the group, are charged to the profit and loss account in the period to which they relate.

Going concern
The directors have considered the funding requirements for the business for the twelve months from the date of the audit report and consider the company to be a going concern.

4. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Valuation of investment properties - due to the nature of the group's investment properties, management have to make several judgements in the determination of their fair valuation. Management form their valuations through regular observation of the commercial property market after making due allowance for the difference in condition and location between the observed properties and that of the group's properties.

Stock and work in progress provisions - due to the complex nature of the group's developments, profitability is subject to change. Management constantly monitor the ongoing costs of projects, expected costs to completion, as well as expected realisable value through a mixture of independent property valuations and internally generated development appraisals. The outcome of such monitoring may lead to stock and work in progress provisions being recognised in the financial statements.

Power, Plant and Equipment - included within Power, Plant and Equipment are capacity market contracts with a net book value of £35,612,512 (2023 - £36,048,158). This is a new market to the United Kingdom and the forecasting models are based on a number of market conditions over a period of 15 years from 2020. The plant has only been running for a period of time and the capacity market payments commenced in October 2020. The current performance is not representative of the expected future performance of the contracts. Based on the future performance a selling price of £60 - £65 per mwh over the next 15 years for the projects would not give rise to an impairment.

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


5. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the group.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Haulage charges 13,405,142 11,843,066
Storage 115,350 92,129
Handling 818,746 662,086
Building development sales 141,275 7,792,058
Wind turbine income 1,860,900 1,227,597
Versa lift hire 1,455,384 1,398,632
Power generation 2,706,379 11,268,775
20,503,176 34,284,343

6. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 3,799,854 3,779,067
Social security costs 464,061 451,571
Other pension costs 456,185 245,875
4,720,100 4,476,513

The average number of employees during the year was as follows:
2024 2023

Production 71 84
Administration and support 23 16
94 100

2024 2023
£    £   
Directors' remuneration 98,693 168,857

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


7. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 2,972,537 2,921,230
Profit on disposal of fixed assets (377,885 ) (93,673 )
Patents and licences amortisation 116,508 116,508
Foreign exchange differences 1,140 (13,452 )

8. AUDITORS' REMUNERATION
2024 2023
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

32,060

35,046
Total audit fees 32,060 35,046

Taxation compliance services 16,000 12,250
Taxation advisory services 8,350 5,750
Other non- audit services 12,000 11,300
Total non-audit fees 36,350 29,300
Total fees payable 68,410 64,346

9. AMOUNTS WRITTEN OFF INVESTMENTS
2024 2023
£    £   
Amounts written off investments 401,660 -
Investment Portfolio movements (91,257 ) 34,779
310,403 34,779

10. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 18,559 -
Other interest - 21,998
Interest payable 242,466 -
Hire purchase - 43,117
261,025 65,115

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


11. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 2,971,633 1,030,417

Deferred tax 1,619,896 2,650,086
Tax on profit 4,591,529 3,680,503

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 18,107,588 17,499,209
Profit multiplied by the standard rate of corporation tax in the UK of 25
% (2023 - 20.496 %)

4,526,897

3,586,638

Effects of:
Expenses not deductible for tax purposes 337,223 371,915
Income not taxable for tax purposes (184,122 ) (333,303 )
rates on some earnings
Deferred tax relating to changes in tax rate or laws - 477,451
timing differences
Tax effect from indexation allowance on capital gains (9,623 ) (216,404 )
Other adjustment (67,484 ) -
Super deduction enhancement - (205,471 )
Land remediation enhancement (11,362 ) (323 )
Total tax charge 4,591,529 3,680,503

12. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


13. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 188,600 162,000

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


14. INTANGIBLE FIXED ASSETS

Group
Patents
and
licences
£   
COST
At 1 July 2023
and 30 June 2024 1,747,625
AMORTISATION
At 1 July 2023 381,109
Amortisation for year 116,508
At 30 June 2024 497,617
NET BOOK VALUE
At 30 June 2024 1,250,008
At 30 June 2023 1,366,516

Company
Patents
and
licences
£   
COST
At 1 July 2023
and 30 June 2024 1,747,625
AMORTISATION
At 1 July 2023 381,109
Amortisation for year 116,508
At 30 June 2024 497,617
NET BOOK VALUE
At 30 June 2024 1,250,008
At 30 June 2023 1,366,516

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


15. TANGIBLE FIXED ASSETS

Group
Freehold Wind Plant and Motor
property turbines machinery vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 1,035,214 3,827,399 41,800,279 13,467,658 60,130,550
Additions 65,000 - 899,036 980,611 1,944,647
Disposals - - - (1,499,198 ) (1,499,198 )
Reclassification/transfer 1,001,966 - - - 1,001,966
At 30 June 2024 2,102,180 3,827,399 42,699,315 12,949,071 61,577,965
DEPRECIATION
At 1 July 2023 408,985 1,664,136 5,589,927 7,194,646 14,857,694
Charge for year 13,394 191,370 1,811,976 955,797 2,972,537
Eliminated on disposal - - - (1,002,447 ) (1,002,447 )
At 30 June 2024 422,379 1,855,506 7,401,903 7,147,996 16,827,784
NET BOOK VALUE
At 30 June 2024 1,679,801 1,971,893 35,297,412 5,801,075 44,750,181
At 30 June 2023 626,229 2,163,263 36,210,352 6,273,012 45,272,856

The book value of assets held under finance leases and hire purchase contracts for both the group and the company is £nil (2023 - £nil).

Company
Freehold Wind Plant and Motor
property turbines machinery vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 1,035,214 3,827,399 37,909,628 13,467,658 56,239,899
Additions 65,000 - 899,036 980,611 1,944,647
Disposals - - (2,122,237 ) (1,499,198 ) (3,621,435 )
Reclassification/transfer 1,001,966 - - - 1,001,966
At 30 June 2024 2,102,180 3,827,399 36,686,427 12,949,071 55,565,077
DEPRECIATION
At 1 July 2023 408,985 1,664,135 5,150,346 7,194,647 14,418,113
Charge for year 13,394 191,370 1,617,443 955,797 2,778,004
Eliminated on disposal - - - (1,002,447 ) (1,002,447 )
At 30 June 2024 422,379 1,855,505 6,767,789 7,147,997 16,193,670
NET BOOK VALUE
At 30 June 2024 1,679,801 1,971,894 29,918,638 5,801,074 39,371,407
At 30 June 2023 626,229 2,163,264 32,759,282 6,273,011 41,821,786

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


16. FIXED ASSET INVESTMENTS

Group
Interest
in joint Unlisted
venture investments Totals
£    £    £   
COST
At 1 July 2023 1 401,687 401,688
Impairments (1 ) (401,687 ) (401,688 )
At 30 June 2024 - - -
PROVISIONS
At 1 July 2023 1 - 1
Provision for year (1 ) - (1 )
At 30 June 2024 - - -
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 - 401,687 401,687
Company
Shares in Interest
group in joint Unlisted
undertakings venture investments Totals
£    £    £    £   
COST
At 1 July 2023 737,066 1 401,687 1,138,754
Impairments (736,461 ) (1 ) (401,687 ) (1,138,149 )
At 30 June 2024 605 - - 605
NET BOOK VALUE
At 30 June 2024 605 - - 605
At 30 June 2023 737,066 1 401,687 1,138,754

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


16. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Robin Hood Airport Developments
Registered office: Ollerton Road, Tuxford, Newark, Nottinghamshire, NG22 0PQ
Nature of business: Property development
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1,042,580 1,658,468
(Loss)/profit for the year (615,888 ) 775,713

AEM Lifting Limited
Registered office: Ollerton Road, Tuxford, Newark, Nottinghamshire, NG22 0PQ
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1 1

Balby Power Limited
Registered office: Ollerton Road, Tuxford, Newark, Nottinghamshire, NG22 0PQ
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 100 100

Carhill Power Limited
Registered office: Ollerton Road, Tuxford, Newark, Nottinghamshire, NG22 0PQ
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 100 100

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


16. FIXED ASSET INVESTMENTS - continued

AK Holdings (2000) Limited
Registered office: Ollerton Road, Tuxford, Newark, Nottinghamshire, NG22 0PQ
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1 736,490

Ferrybridge Power Limited
Registered office: Ollerton Road, Tuxford, Newark, Nottinghamshire, NG22 0PQ
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1 1

Warwick Energy (Bentinck) Limited
Registered office: Ollerton Road, Tuxford, Newark, Nottinghamshire, NG22 0PQ
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1 1

Warwick Integrated Generation Limited
Registered office: Ollerton Road, Tuxford, Newark, Nottinghamshire, NG22 0PQ
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1 1
Profit for the year - 453,965

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


16. FIXED ASSET INVESTMENTS - continued

Toft Hill Limited
Registered office: Ollerton Road, Tuxford, Newark, Nottinghamshire, NG22 0PQ
Nature of business: Dissolved
%
Class of shares: holding
Ordinary 50.00
2024 2023
£    £   
Aggregate capital and reserves - (15,344 )
Profit for the year - 1,750

The company was dissolved on 16 April 2024.


17. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 July 2023 66,271,807
Additions 10,123,251
Disposals (3,100,000 )
Revaluations 5,760,218
Reclassification/transfer (1,001,966 )
At 30 June 2024 78,053,310
NET BOOK VALUE
At 30 June 2024 78,053,310
At 30 June 2023 66,271,807

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 5,760,218
Valuation in 2023 39,009,775
Cost 33,283,317
78,053,310

Note that the revaluation stated in 2023 is the effect of accumulated revaluations up to 30 June 2023.

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


17. INVESTMENT PROPERTY - continued

Company
Total
£   
FAIR VALUE
At 1 July 2023 62,751,808
Additions 10,123,251
Disposals (3,100,000 )
Revaluations 5,760,218
Reclassification/transfer (1,001,966 )
At 30 June 2024 74,533,311
NET BOOK VALUE
At 30 June 2024 74,533,311
At 30 June 2023 62,751,808

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 5,760,218
Valuation in 2023 39,535,529
Cost 29,237,564
74,533,311

Note that the revaluation stated in 2023 is the effect of accumulated revaluations up to 30 June 2023.

18. STOCKS

Group Company
2024 2023 2024 2023
£    £    £    £   
Stocks 214,158 185,874 214,158 185,874
Work-in-progress 10,846,764 4,590,517 10,846,764 4,590,517
11,060,922 4,776,391 11,060,922 4,776,391

The value of impairment losses recognised on work in progress was £450,227 (2023 - £450,227).

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


19. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 6,047,924 4,174,960 6,017,273 4,140,662
Amounts owed by group undertakings - - 4,886,796 3,647,281
Other debtors 1,013,142 917,169 986,507 797,630
Directors' loan accounts 414,039 418,458 414,039 418,458
Prepayments 1,744,851 2,337,734 1,625,979 2,153,777
9,219,956 7,848,321 13,930,594 11,157,808

20. CURRENT ASSET INVESTMENTS

Group Company
2024 2023 2024 2023
£    £    £    £   
Unlisted investments 516,609 466,594 516,609 466,594
Other 726,478 635,221 726,478 635,221
1,243,087 1,101,815 1,243,087 1,101,815

21. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 23) 1,428,612 - 1,428,612 -
Other loans (see note 23) 2,167,558 2,167,558 2,167,558 2,167,558
Trade creditors 1,899,436 2,064,494 1,878,490 2,035,151
Amounts owed to group undertakings - - 202 736,691
Tax 2,940,716 579,216 2,562,752 425,909
Social security and other taxes 171,563 167,477 171,563 167,477
VAT 890,794 411,841 882,924 406,859
Other creditors 2,469,410 2,415,765 185,128 142,484
Directors' loan accounts 60,170 56,294 60,170 56,294
Accruals and deferred income 2,041,536 1,627,563 1,985,197 1,566,669
14,069,795 9,490,208 11,322,596 7,705,092

22. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans (see note 23) 516,140 - 516,140 -

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


23. LOANS

An analysis of the maturity of loans is given below:

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due within one year or on demand:
Bank loans 1,428,612 - 1,428,612 -
Other loans 478,792 188,766 478,792 188,766
Other loans 2 1,688,766 1,978,792 1,688,766 1,978,792
3,596,170 2,167,558 3,596,170 2,167,558
Amounts falling due between one and two years:
Bank loans - 1-2 years 516,140 - 516,140 -

24. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Operating leases - Group and company

The total of future minimum lease payments for the group is: within one year £140,500 (2023 - £140,500), between one and five years £562,000 (2023 - £562,000) and is more than five years £1,856,207 (2023 - £1,996,707) which totals £2,558,707 (2023 - £2,699,207).

Operating leases - Lessor

Group

The total of future minimum lease payments for the group is: within one year £1,860,320 (2023 - £1,861,714), between one and five years £5,768,620 (2023 - £3,582,596) and is more than five years £1,145,317 (2023 - £1,037,969) which totals £8,774,257 (2023 - £6,482,279).


Company

The total of future minimum lease payments for the company is: within one year £1,667,070 (2023 - £1,701,122), between one and five years £5,461,558 (2023 - £3,512,596) and is more than five years £1,145,317 (2023 - £1,037,969) which totals £8,273,945 (2023 - £6,251,687).

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


25. SECURED DEBTS

The following secured debts are included within creditors:

Group
2024 2023
£    £   
Bank loans 1,944,752 -

The bank loan is secured by four legal charges over the company's land and buildings and investment property.

26. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax
Accelerated capital allowances - 61,351 - -
Deferred tax 15,398,041 13,716,794 14,563,339 13,375,513
15,398,041 13,778,145 14,563,339 13,375,513
Other provisions
Other provisions 200,000 200,000 200,000 200,000
Joint venture losses 7,672 7,671 - -
207,672 207,671 200,000 200,000

Aggregate amounts 15,605,713 13,985,816 14,763,339 13,575,513

Group
Deferred Other
tax provisions
£    £   
Balance at 1 July 2023 13,778,145 207,671
Charge to Income Statement during year 1,619,896 -
Balance at 30 June 2024 15,398,041 207,671

Company
Deferred
tax
£   
Balance at 1 July 2023 13,375,513
Charge to Income Statement during year 1,187,826
Balance at 30 June 2024 14,563,339

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


27. CALLED UP SHARE CAPITAL

The above ordinary shares can be sub-divided into the following classes: A Ordinary of £1 each - 17,643; B Ordinary of £1 each - 5,178; C Ordinary of £1 each - 5,178; D Ordinary of £1 each - 1; E Ordinary of £1 each - 2,560; F Ordinary of £1 each - 2,558; G Ordinary of £1 each - 1; H Ordinary of £1 each - 3,802; I Ordinary of £1 each - 3,802; J Ordinary of £1 each - 4,175.

All sub-classes of shares carry equal voting rights and rights to a dividend.

28. RESERVES

Group
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 July 2023 104,320,502 1,249,576 13,852 105,583,930
Profit for the year 13,516,059 13,516,059
Dividends (188,600 ) (188,600 )
At 30 June 2024 117,647,961 1,249,576 13,852 118,911,389

Company
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 July 2023 102,670,078 1,249,576 13,852 103,933,506
Profit for the year 14,131,974 14,131,974
Dividends (188,600 ) (188,600 )
At 30 June 2024 116,613,452 1,249,576 13,852 117,876,880

Share premium - includes any premiums received on the issue of share capital. Any transaction costs associated with the issuing of shares are deducted from the share premium reserve.

Capital redemption reserve - represents the historic purchase of own shares by the group or company.

Retained earnings - includes all current and prior period retained profits and losses, net of dividends and transfers.

29. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 1,935,073 850,082

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


30. OTHER FINANCIAL COMMITMENTS

The group has a number of financial guarantees totalling £1,061,358 (2023 - £1,061,358).

31. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr Richard Edward Walker
Balance outstanding at start of year 13,547 (25,678 )
Amounts advanced 105,971 214,523
Amounts repaid (125,000 ) (175,298 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,482 ) 13,547

Mr Daniel Richard Edward Walker
Balance outstanding at start of year (43,177 ) (1,226 )
Amounts advanced 79,027 48,780
Amounts repaid (75,000 ) (90,731 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (39,150 ) (43,177 )

Mr James Anthony Edward Walker
Balance outstanding at start of year 404,909 498,120
Amounts advanced 79,130 66,789
Amounts repaid (70,000 ) (160,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 414,039 404,909

No interest is charged or credited on credit balances but interest is charged on overdrawn balances. No security is offered.

Walker & Son (Hauliers) Limited (Registered number: 00533089)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 30 June 2024


32. RELATED PARTY DISCLOSURES

The Walker Homes Tuxford Limited Partnership

The limited partnership is developing residential property for sale. Robin Hood Airport Developments Limited which is a subsidiary of Walker & Son (Hauliers) Limited is the general partner of the above limited partnership. During the year Robin Hood Airport Developments Limited received a share of profits of £918 (2023 - £157 ) from The Walker Homes Tuxford Limited Partnership.

Walker & Son (Hauliers) Limited is the developer on behalf of the limited partnership and invoiced the limited partnership £nil (2023 - £nil). Walker & Son (Hauliers) Limited are charging interest on the balance due to the company and charged interest of £nil (2023 - £nil) during the year.

The amount due to Walker & Son (Hauliers) Limited at the 30 June 2024 was £292,380 (2023 - £292,380).

The amount due to the Limited Partner from Robin Hood Airport Developments Limited at the 30 June 2024 was £1,991,902 (2023 - £1,980,900).

33. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Richard Edward Walker.

The ultimate controlling party is Mr Richard Edward Walker.

Subsequent to the year end, control of the company passed to the Richard Walker Family Trust, which is
now considered the ultimate controlling party.

The most senior parent entity producing publicly available financial statements is Walker & Son (Hauliers) Limited. These financial statements are available upon request from Ollerton Road, Tuxford, Newark, Nottinghamshire, NG22 0PQ.