REGISTERED NUMBER: 13828656 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

WELBORNE BUSINESS PARK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr D S Dennis

Mr P J Williams

Registered office:

Highridge Farm Hospital Road

Shirrell Heath

Southampton

SO32 2JR

Registered number:

13828656 (England and Wales)

Accountants:

M Squared Accounting Ltd

Botley Mills

Mill Hill

Botley

Southampton

Hampshire

SO30 2GB

Fixed assets

Tangible assets

4

9,157,410

3,936,084

Current assets

Debtors

5

129,442

74,885

Cash at bank and in hand

184,867

67,413

314,309

142,298

Creditors

Amounts falling due within one year

6

570,104

721,135

Net current liabilities

(255,795

)

(578,837

)

Total assets less current liabilities

8,901,615

3,357,247

Creditors

Amounts falling due after more than one year

7

3,772,500

3,313,750

Net assets

5,129,115

43,497

Capital and reserves

Called up share capital

100

100

Revaluation reserve

9

5,200,000

-

Retained earnings

(70,985

)

43,397

5,129,115

43,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

Mr D S Dennis - Director

Mr P J Williams - Director

1.	STATUTORY INFORMATION

Welborne Business Park 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 Company Information page.

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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on cost

Taxation

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

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax

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

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

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

Plant and

and

property

property

machinery

fittings

Totals

£

£

£

£

£

COST OR VALUATION

At 1 February 2024

3,276,196

658,056

-

2,290

3,936,542

Additions

7,140

-

11,718

7,205

26,063

Revaluations

5,200,000

-

-

-

5,200,000

At 31 January 2025

8,483,336

658,056

11,718

9,495

9,162,605

DEPRECIATION

At 1 February 2024

-

-

-

458

458

Charge for year

-

-

2,930

1,807

4,737

At 31 January 2025

-

-

2,930

2,265

5,195

NET BOOK VALUE

At 31 January 2025

8,483,336

658,056

8,788

7,230

9,157,410

At 31 January 2024

3,276,196

658,056

-

1,832

3,936,084

Cost or valuation at 31 January 2025 is represented by:

Improvements

Fixtures

Freehold

to

Plant and

and

property

property

machinery

fittings

Totals

£

£

£

£

£

Valuation in 2025

5,200,000

-

-

-

5,200,000

Cost

3,283,336

658,056

11,718

9,495

3,962,605

8,483,336

658,056

11,718

9,495

9,162,605

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

3,100,000

-

Value of land in freehold land and buildings

3,100,000

-

Freehold land and buildings were valued on an open market basis on 31 January 2025 by CBRE Ltd .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

8,375

41,377

Other debtors

5,000

-

Directors' current accounts

70,282

-

VAT

6,554

-

Prepayments

36,162

28,874

Accrued Income

3,069

4,634

129,442

74,885

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

345,000

115,000

Trade creditors

52,068

138,718

Tax

-

100

VAT

-

30,174

Other creditors

90,903

91,903

Accrued expenses

82,133

345,240

570,104

721,135

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

3,772,500

3,313,750

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,772,500

3,313,750

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

345,000

115,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,772,500

3,313,750

9.

RESERVES

Revaluation

reserve

£

Revaluation in yr

5,200,000

At 31 January 2025

5,200,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

Mr D S Dennis

Balance outstanding at start of year

-

-

Amounts advanced

35,394

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

35,394

-

Mr P J Williams

Balance outstanding at start of year

-

-

Amounts advanced

34,888

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,888

-

Interest has been charged on these loans at 2.25% pa, calculated using the averaging method.