REGISTERED NUMBER: 08312311 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Wallsend House Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Mackelden

REGISTERED OFFICE:

White Lodge

19 Val Prinseps Road

Pevensey Bay

Eastbourne

East Sussex

BN24 6JD

REGISTERED NUMBER:

08312311 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Chartered Accountants

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

CURRENT ASSETS

Debtors

4

504,281

502,166

Cash at bank

217

1

504,498

502,167

CREDITORS

Amounts falling due within one year

5

(476,729

)

(474,362

)

NET CURRENT ASSETS

27,769

27,805

TOTAL ASSETS LESS CURRENT LIABILITIES

27,769

27,805

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8

27,768

27,804

SHAREHOLDERS' FUNDS

27,769

27,805

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 July 2025 and were signed by:

A Mackelden - Director

1.	STATUTORY INFORMATION

Wallsend House 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.

TURNOVER

Turnover represents net invoiced sales of goods, excluding value added tax.

DEFERRED TAX

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

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

504,281

502,166

The directors consider the carrying value of trade and other receivables approximate to their fair values.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 6)

-

8

Amounts owed to associates

44,601

-

Directors' current accounts

431,099

473,394

Accrued expenses

1,029

960

476,729

474,362

The directors consider the carrying amounts of current liabilities approximate to their fair values.

6.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

8

7.	SECURED DEBTS

Security is held by lenders in the form of a fixed and floating charge over the assets of the company.

8.

RESERVES

Retained

earnings

£

At 1 April 2024

27,804

Deficit for the year

(36

)

At 31 March 2025

27,768

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

A Mackelden

Balance outstanding at start of year

(473,394

)

(473,996

)

Amounts advanced

45,401

1,515

Amounts repaid

(3,106

)

(913

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(431,099

)

(473,394

)

10.	RELATED PARTY DISCLOSURES

At the year end, the company was owed £504,281 (2024 - £502,166 ) by the Mr & Mrs Mackelden partnership, in which A Mackelden is a partner.

At the year end, the company owed £36,986 (2024: Nil) to IQH Ltd and £7,615 (2024: Nil) to Rania Homes Ltd, being companies under common control.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is A Mackelden.