Registered number
10312714
Wetherby House Estates Limited
Filleted Accounts
31 January 2025
Wetherby House Estates Limited
Registered number: 10312714
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 3,903,243 3,947,694
Investments 4 350 300
3,903,593 3,947,994
Current assets
Debtors 5 1,133,418 849,427
Cash at bank and in hand 95 44
1,133,513 849,471
Creditors: amounts falling due within one year 6 (1,277,970) (1,029,249)
Net current liabilities (144,457) (179,778)
Total assets less current liabilities 3,759,136 3,768,216
Creditors: amounts falling due after more than one year 7 (2,898,826) (2,955,911)
Net assets 860,310 812,305
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 683,161 683,161
Profit and loss account 177,049 129,044
Shareholders' funds 860,310 812,305
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.
Shamyka Douglas
Director
Approved by the board on 31 October 2025
Wetherby House Estates Limited
Notes to the Accounts
for the year ended 31 January 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).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 2% p.a.on straight line basis on buildings
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2024 4,179,497
Additions -
Surplus on revaluation -
Disposals -
At 31 January 2025 4,179,497
Depreciation
At 1 February 2024 231,803
Charge for the year 44,451
Surplus on revaluation -
On disposals -
At 31 January 2025 276,254
Net book value
At 31 January 2025 3,903,243
At 31 January 2024 3,947,694
The company has pledged its land and building in favour of Lloyds Bank PLC in connection with the loans provided.
The valuation of property was made in October 2018 by David Coffer Lyons on an open-market basis. The directors are not aware of any material change in value since the date of the valuation.
Historical cost of the property is £3,496,336 (2024 - £3,496,336)
4 Fixed Asset Investments 2025 2024
£ £
Shares in group undertakings and participating interests 350 300
Fixed Asset Investments not carried at market value
Equity investments in the subsidiary are not publicly traded and their fair value cannot be measured reliably. They are thus recognised at costs less impairment
Subsidiaries
Details of the company's subsidiaries at 31 January 2025 are as follows:
Name of Undertaking held Registered Nature of Class of % Held
Office Business Share
Wetherby House Montessori Kensal England Operating a Ordinary 100
Rise Limited day nursery
Wetherby House Montessori England Operating a Ordinary 100
Harrow Limited day nursery
Wetherby House Montessori England Operating a Ordinary 100
Limited day nursery
Wetherby House Montessori Kensal England Operating a Ordinary 50
Village Limited day nursery
The aggregate capital and reserves and the results for the year of the subsidiaries noted above was as follows:
Name of Undertaking held Capital and Reserves Profit / (Loss)
£ £
Wetherby House Montessori Kensal 4,335 95,610
Rise Limited
Wetherby House Montessori 1,280 79,444
Harrow Limited
Wetherby House Montessori 4,867 52,277
Limited
Wetherby House Montessori Kensal 50 0
Village Limited
The investment in subsidiaries are all stated at cost less any impairment at the balance sheet date
5 Debtors 2025 2024
£ £
Corporation Tax Recoverable 194,595 124,310
Amounts owed by group undertakings and undertakings in which the company has a participating interest 156,666 151,212
Deferred tax asset 2,121 2,121
Other debtors 780,036 571,784
1,133,418 849,427
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 94,824 106,812
Trade creditors 28,240 47,156
Amounts owed to group undertakings and undertakings in which the company has a participating interest 745,337 634,629
Taxation and social security costs 185,417 110,757
Other creditors 224,152 129,895
1,277,970 1,029,249
The above bank loans and overdrafts are secured by fixed and floating charges over the assets of the company and personal guarantee from the directors and shareholders
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 2,898,826 2,955,911
Above bank loans are secured by fixed and floating charges over the assets of the company and personal guarantee from the directors and shareholders
8 Revaluation reserve 2025 2024
£ £
At 1 February 2024 683,161 683,161
At 31 January 2025 683,161 683,161
9 Directors' Transactions
Dividends totalling £60,000 (2024 - £60,000) were paid in the year in respect of shares held by the company directors
10 Loans to directors
Description and conditions B/fwd Amounts Interest C/fwd
Advanced @2.5%
£ £ £ £
Directors Current Account 571,784 208,252 19,501 799,537
571,784 208,252 19,501 799,537
11 Related party transactions
During the year the company received rent amounting to £84,000 (2024 - £84,000) and dividends amounting to £50,000 (2024 - £60,000) from subsidiary company Wetherby House Montessori Limited.
During the year the company received rent amounting to £45,000 (2024 - £45,000) and dividends amounting to £80,000 (2024 -£100,000) from subsidiary company Wetherby House Montessori Harrow Limited.
During the year the company received dividends amounting to £95,000 (2024 - £95,000) from subsidiary company Wetherby House Montessori Kensal Rise Limited.
At the balance sheet date , the amount outstanding were as follows :
Included in Debtors.
Wetherby House Montessori Harrow Limited £0 (2024 - £88,482)
Wetherby House Montessor Limited £28,616 (2024 - £62,730)
Wetherby House Montessori Kensal Village Limited £128,050 (2024 - £0)
Included in Creditors.
Wetherby House Montessori Kensal Rise Limited £712,391 (2024 - £634,629)
Wetherby House Montessori Harrow Limited £32,947 (2024 - £0)
The directors of the company are also directors of the parent company and other fellow subsidiary companies.
12 Controlling party
The ultimate controlling party is Mrs S Douglas and Mr K Douglas by virtue of their shareholding and directorship
13 Other information
Wetherby House Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
43 Butler Avenue
Harrow
London
HA1 4EJ
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