Weblease Limited - Filleted accounts

Registered number

03523650

Weblease Limited

Filleted Accounts

31 March 2025

Adams Root Limited t/a Adams Root & Associates

Chartered Certified Accountants

Bristol

Weblease Limited
Registered number:		03523650
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,934,639			2,934,639
Investments	4		5,735,247			4,721,250
			8,669,886			7,655,889

Current assets
Debtors	5	31,590			48,501
Cash at bank and in hand		106,011			407,174
		137,601			455,675

Creditors: amounts falling due within one year	6	(169,192)			(262,864)

Net current (liabilities)/assets			(31,591)			192,811

Total assets less current liabilities			8,638,295			7,848,700

Creditors: amounts falling due after more than one year	7		(761,883)			(2,502,018)

Provisions for liabilities			(340,500)			(340,500)


Net assets			7,535,912			5,006,182

Capital and reserves
Called up share capital			200			200
Revaluation reserve	9		1,486,045			1,486,045
Profit and loss account			6,049,667			3,519,937

Shareholders' funds			7,535,912			5,006,182

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


A J Robb
Director
Approved by the board on 28 October 2025

Weblease Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts are stated in sterling the functional currency of the entity.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. Freehold investment property is included at fair value within tangible fixed assets, changes in fair value are recognised in the profit and loss account. Deferred taxation is provided on the gains at the rate expected to apply when the property is sold.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					0		0


3	Tangible fixed assets
								Investment property
£
	Cost
	At 1 April 2024							2,934,639
	At 31 March 2025							2,934,639

	Depreciation
	At 31 March 2025							-

	Net book value
	At 31 March 2025							2,934,639
	At 31 March 2024							2,934,639


	Freehold land and buildings:					2025		2024
£							£
	Historical cost					1,108,094		1,108,094
	Cumulative depreciation based on historical cost					-		-
						1,108,094		1,108,094

	The freehold land and buildings acquired by the company are included as investment property and were valued by the directors, to the fair value reflecting existing use on 31 March 2025. The revaluation created a fair value reserve on which deferred tax has been provided in these accounts.


4	Investments
Investments in			Other
subsidiary			Loans		Other
undertakings			investments				Total
£			£		£		£
	Cost
	At 1 April 2024	52		1,730,984		3,006,488		4,737,524
	Additions	-		-		2,570,969		2,570,969
	Exchange gain/(loss)	-		(11,376)		(7)		(11,383)
	Other movement	-		-		-		-
	Disposals	-		-		(1,582,000)		(1,582,000)

	At 31 March 2025	52		1,719,608		3,995,450		5,715,110

	Impairment
	At 1 April 2024	-		-		16,274		16,274
	Movement on impairment	-		-		(36,411)		(36,411)

	At 31 March 2025	-		-		(20,137)		(20,137)

	Carrying amount
	At 31 March 2025	52		1,719,608		4,015,587		5,735,247
	At 1 April 2024	52		1,730,984		2,990,214		4,721,250


	Historical cost
	At 1 April 2024	52		1,678,511		3,006,488		4,685,051
	At 31 March 2025	52		1,678,511		3,995,450		5,674,013

	In January 2017 Weblease Limited advanced three loans to Bristol Student Property Limited. The three loans consisted of a Euro loan of 439,435 (£378,776), a Swiss Franc loan of CHF736,129 (£592,547) and a GBP loan of £707,188. The loans are interest-only loans and have a repayment date of 31 January 2027 and carry an interest rate of 6% per annum which is paid bi-annually. Other investments include funds invested by Weblease Limited in listed securities.


5	Debtors					2025		2024
£							£

	Other debtors					31,590		48,501


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					48,208		48,496
	Taxation and social security costs					104,165		188,932
	Other creditors					16,819		25,436
						169,192		262,864


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					761,883		811,194
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		1,690,824
						761,883		2,502,018

	On 31 January 2017, Weblease Limited entered into a bank loan, stated in Swiss Franc's. At 31 March 2025 the Swiss Franc loan balance was CHF925,278 (£810,091). Regarding the Swiss Franc loan, amounts of CHF13,616 are repayable quarterly until 31 January 2027. The remaining balance of this loan after all quarterly repayments, is repayable on maturity. Interest is charged on the Swiss Franc loan at 2.6% fixed for the term of the loan. Interest is payable quarterly. During the year a brought forward loan of £1,690,824 advanced by Roseland Investments Limited, a 100% owned subsidiary of Weblease Limited, was repaid in full. Interest was charged on the loan at 0% per annum.

8	Loans					2025		2024
£							£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years					-		1,690,824


	Secured bank loans					810,091		859,690

	The above loans are secured by a fixed charge over freehold property owned by Weblease Limited.


9	Revaluation reserve					2025		2024
£							£

	At 1 April 2024					1,486,045		1,486,045

	At 31 March 2025					1,486,045		1,486,045


10	Related party transactions

	During the year the company entered into the following transactions with related parties:
		Transaction value				Balance owed by/(owed to)
		2025		2024		2025		2024
£			£		£		£
	Roseland Investments Limited	-		-		-		(1,690,824)

	The company owns 100% of Roseland Investments Limited, a company in which A J Robb is a director. The terms of the loan are detailed in note 7.

11	Controlling party

	The company is controlled by its director A J Robb.


12	Other information

	Weblease Limited is a private company limited by shares and incorporated in England. Its registered office is:
	86 Shirehampton Road
	Stoke Bishop
	Bristol
	BS9 2DR