IRIS Accounts Production v25.3.0.601 00739136 Board of Directors 1.3.24 28.2.25 28.2.25 true false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 00739136 2024-02-29 00739136 2025-02-28 00739136 2024-03-01 2025-02-28 00739136 2023-02-28 00739136 2023-03-01 2024-02-29 00739136 2024-02-29 00739136 ns15:EnglandWales 2024-03-01 2025-02-28 00739136 ns14:PoundSterling 2024-03-01 2025-02-28 00739136 ns10:Director1 2024-03-01 2025-02-28 00739136 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 00739136 ns10:SmallEntities 2024-03-01 2025-02-28 00739136 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 00739136 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 00739136 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 00739136 ns10:FullAccounts 2024-03-01 2025-02-28 00739136 1 2024-03-01 2025-02-28 00739136 ns5:CurrentFinancialInstruments 2025-02-28 00739136 ns5:CurrentFinancialInstruments 2024-02-29 00739136 ns5:ShareCapital 2025-02-28 00739136 ns5:ShareCapital 2024-02-29 00739136 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 00739136 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 00739136 ns10:RegisteredOffice 2024-03-01 2025-02-28 00739136 ns5:NetGoodwill 2024-03-01 2025-02-28 00739136 ns5:NetGoodwill 2024-02-29 00739136 ns5:NetGoodwill 2025-02-28 00739136 ns5:NetGoodwill 2024-02-29 00739136 ns5:LandBuildings 2024-02-29 00739136 ns5:PlantMachinery 2024-02-29 00739136 ns5:LandBuildings 2024-03-01 2025-02-28 00739136 ns5:PlantMachinery 2024-03-01 2025-02-28 00739136 ns5:LandBuildings 2025-02-28 00739136 ns5:PlantMachinery 2025-02-28 00739136 ns5:LandBuildings 2024-02-29 00739136 ns5:PlantMachinery 2024-02-29 00739136 ns5:CostValuation 2024-02-29 00739136 ns5:RevaluationsIncreaseDecreaseInInvestments 2025-02-28 00739136 ns5:CostValuation 2025-02-28 00739136 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 00739136 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29 00739136 ns5:WithinOneYear 2025-02-28 00739136 ns5:WithinOneYear 2024-02-29 00739136 ns5:BetweenOneFiveYears 2025-02-28 00739136 ns5:BetweenOneFiveYears 2024-02-29 00739136 ns5:AllPeriods 2025-02-28 00739136 ns5:AllPeriods 2024-02-29

REGISTERED NUMBER: 00739136 (England and Wales)

| Unaudited Financial Statements |

| For The Year Ended 28 February 2025 |

| for |

| Wallsend Estates Limited |

| Wallsend Estates Limited (Registered number: 00739136) |

Contents of the Financial Statements

For The Year Ended 28 February 2025

Page |

| Balance Sheet | 1 |

| Notes to the Financial Statements | 2 |

| Wallsend Estates Limited (Registered number: 00739136) |

Balance Sheet

28 February 2025

| 28.2.25 | 29.2.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 6,203,206 |  | 5,554,901 |  |

Investments | 6 | 25,273 |  | 31,303 |  |

6,228,479 |  | 5,586,204 |  |

CURRENT ASSETS

Stocks | 1,706,504 |  | 1,614,249 |  |

Debtors | 7 | 1,293,386 |  | 1,334,999 |  |

Cash at bank | 4,388,129 |  | 4,334,700 |  |

7,388,019 |  | 7,283,948 |  |

CREDITORS

Amounts falling due within one year | 8 | 2,882,292 |  | 2,324,761 |  |

NET CURRENT ASSETS | 4,505,727 |  | 4,959,187 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 10,734,206 |  | 10,545,391 |  |

PROVISIONS FOR LIABILITIES | 184,204 |  | 200,153 |  |

NET ASSETS | 10,550,002 |  | 10,345,238 |  |

CAPITAL AND RESERVES

Called up share capital | 100,000 |  | 100,000 |  |

Retained earnings | 10,450,002 |  | 10,245,238 |  |

SHAREHOLDERS' FUNDS | 10,550,002 |  | 10,345,238 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2025 and were signed on its behalf by:

P C Langmaid - Director

| Wallsend Estates Limited (Registered number: 00739136) |

Notes to the Financial Statements

For The Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| Wallsend Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 00739136

| Registered office: | Harscombe House

| 1 Darklake View

| Plymouth

| Devon

| PL6 7TL

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.

| Turnover

| Turnover primarily represents the amount receivable from Mother Ivey's Bay and Martha's Orchard holiday park operations net of any associated value added tax.

| Revenue recognition on the sale of caravans

| Caravan sales are included in turnover at the date at which they are invoiced.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of three years.

| Goodwill was fully amortised in the accounts for the year ended 28 February 2015.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the depreciable amount of each asset over its estimated useful economic life. The depreciable amount of each asset is calculated on a straight line basis as follows:

| Freehold land | - nil |

| Freehold buildings | - nil |

| Plant and machinery | - 4 years |

| Fixtures and fittings | - 4 years |

| Lodges |  | - 10 years up to 75% of the value of the asset |  |

| The lodges are depreciated over 10 years up to 75% of the value of the asset, with the remaining 25% being the residual value.

| The directors consider that, given the nature of the properties held and the policy of maintaining them to their original condition, the economic lives of these properties and their residual values are such that any depreciation charge would not be material. Residual values are regularly reviewed in order to identify any impairment in value that could lead to changes in the depreciable amount.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Basic financial instruments are recognised at amortised cost.

| Investments in listed ordinary shares which are measured at fair value, with changes recognised in profit or loss. Investments in subsidiary undertakings are recognised at cost.

| Wallsend Estates Limited (Registered number: 00739136) |

Notes to the Financial Statements - continued

For The Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 29 (2024 - 30 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 160,000 |  |

| AMORTISATION

| At 1 March 2024

| and 28 February 2025 | 160,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | - |  |

| At 29 February 2024 | - |  |

| Wallsend Estates Limited (Registered number: 00739136) |

Notes to the Financial Statements - continued

For The Year Ended 28 February 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 March 2024 | 5,042,666 |  | 1,587,995 |  | 6,630,661 |  |

| Additions | 752,350 |  | 115,751 |  | 868,101 |  |

| Disposals | - |  | (147,061 | ) | (147,061 | ) |

| At 28 February 2025 | 5,795,016 |  | 1,556,685 |  | 7,351,701 |  |

| DEPRECIATION

| At 1 March 2024 | - |  | 1,075,760 |  | 1,075,760 |  |

| Charge for year | - |  | 178,590 |  | 178,590 |  |

| Eliminated on disposal | - |  | (105,855 | ) | (105,855 | ) |

| At 28 February 2025 | - |  | 1,148,495 |  | 1,148,495 |  |

| NET BOOK VALUE

| At 28 February 2025 | 5,795,016 |  | 408,190 |  | 6,203,206 |  |

| At 29 February 2024 | 5,042,666 |  | 512,235 |  | 5,554,901 |  |

6. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 March 2024 | 31,303 |  |

| Revaluations | (6,030 | ) |

| At 28 February 2025 | 25,273 |  |

| NET BOOK VALUE

| At 28 February 2025 | 25,273 |  |

| At 29 February 2024 | 31,303 |  |

| Cost or valuation at 28 February 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2017 | (6,973 | ) |

| Valuation in 2018 | 13,531 |  |

| Valuation in 2019 | (5,361 | ) |

| Valuation in 2020 | (8,040 | ) |

| Valuation in 2021 | (6,700 | ) |

| Valuation in 2022 | 13,400 |  |

| Valuation in 2023 | (6,700 | ) |

| Valuation in 2024 | (32,160 | ) |

| Valuation in 2025 | (6,030 | ) |

| Cost | 70,306 |  |

25,273 |  |

| Unlisted shares of £4,503 are held at historical cost. Listed shares of £20,770 are held at market value, the historical cost of these shares is £65,803.

| Wallsend Estates Limited (Registered number: 00739136) |

Notes to the Financial Statements - continued

For The Year Ended 28 February 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Trade debtors | 1,132,808 |  | 1,142,822 |  |

| Other debtors | 160,578 |  | 192,177 |  |

1,293,386 |  | 1,334,999 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 28.2.25 |  | 29.2.24

£ | £ |

| Trade creditors | 2,352,254 |  | 2,072,673 |  |

| Taxation and social security | 393,133 |  | 144,369 |  |

| Other creditors | 136,905 |  | 107,719 |  |

2,882,292 |  | 2,324,761 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 28.2.25 |  | 29.2.24

£ | £ |

| Within one year | 17,300 |  | 17,300 |  |

| Between one and five years | 12,975 |  | 30,274 |  |

30,275 |  | 47,574 |  |