ACCOUNTS - Final Accounts preparation

Registered number: 15484532

WALTON MIDCO LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

WALTON MIDCO LIMITED

REGISTERED NUMBER: 15484532

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		1		1
			1		1
Current assets
Debtors: amounts falling due within one year	5	9,650,211		9,649,999
		9,650,211		9,649,999
Creditors: amounts falling due within one year	6	(435,482)		(9,649)
Net current assets			9,214,729		9,640,350
Total assets less current liabilities			9,214,730		9,640,351
Creditors: amounts falling due after more than one year	7		(10,527,791)		(9,786,144)

Net liabilities			(1,313,061)		(145,793)

Capital and reserves
Called up share capital	8	1	1
Profit and loss account		(1,313,062)	(145,794)
		(1,313,061)	(145,793)

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WALTON MIDCO LIMITED

REGISTERED NUMBER: 15484532

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

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

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

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

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

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

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

M G Whalley

Director

Date: 2 September 2025

The notes on pages 3 to 5 form part of these financial statements.

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WALTON MIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Walton Midco Limited is a private company limited by share capital and incorporated in England and Wales.
The Company's registered address is Reading Bridge House, Fourth Floor Suite 3, George Street, Reading, Berkshire, RG1 8LS.

2.Accounting policies

2.1

Basis of preparation of financial statements

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

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The Company has appropriate financing arrangements in place to support the working capital commitments over the next 12 months.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Debtors

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

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WALTON MIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and laibilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 3).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2024	1
	At 31 March 2025	1

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	9,649,999	9,649,999
Prepayments and accrued income	212	-
	9,650,211	9,649,999

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WALTON MIDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	431,426	9,649
Accruals and deferred income	4,056	-
	435,482	9,649

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Series A loan notes	4,820,175	4,820,175
Series B loan notes	4,820,175	4,820,175
Accrued interest	887,441	145,794
	10,527,791	9,786,144

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

10 (2024 - 10) Ordinary shares of £0.10 each	1	1

9.	Related party transactions
	The Company has taken advantage of the disclosure exemption available under FRS 102 Section 33.1A not to disclose transactions entered into between 100% owned group companies.

10.	Controlling party

The Company's ultimate parent company is Walton Topco Limited, a company registered in England and Wales.

The parent of the largest group for which group accounts including Walton Midco Limited are drawn up is Walton Topco Limited. Copies of the group financial statements are available at Reading Bridge House Fourth Floor Suite 3, George Street, Reading, United Kingdom, RG1 8LS.

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