Registration number: 04833556

Walters Regeneration Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Walters Regeneration Limited

Company Information

Directors

Mr D Thursfield Mr V Zarifian Mr M E R Llewellyn Mrs S C Llewellyn

Company secretary

Mr M E R Llewellyn

Registered office

Hirwaun House Hirwaun Industrial Estate Hirwaun Aberdare Rhondda Cynon Taf CF44 9UL

Walters Regeneration Limited

(Registration number: 04833556)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Current assets
Stocks	4	602,139	602,139
Debtors	5	162,024	162,026
Cash at bank and in hand		14,864	14,689
		779,027	778,854
Creditors: Amounts falling due within one year	6	(1,122,818)	(1,122,790)
Net liabilities		(343,791)	(343,936)
Capital and reserves
Called up share capital	7	99	99
Retained earnings		(343,890)	(344,035)
Shareholders' deficit		(343,791)	(343,936)

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 31 October 2025 and signed on its behalf by:
 

......................................... Mr M E R Llewellyn Company secretary and director

Walters Regeneration Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hirwaun House
Hirwaun Industrial Estate
Hirwaun
Aberdare
Rhondda Cynon Taf
CF44 9UL
Wales

These financial statements were authorised for issue by the Board on 31 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the assets and liabilities of the company and are of the opinion that the company will continue to meet its liabilities as they fall due, with the financial support of its directors and G Walters (Holdings) Limited and its subsidiaries. The nature of the company's business is such that expenses will be incurred before any income can be realised. The directors are satisfied that the company is a going concern.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Walters Regeneration Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4

Stocks

	2025 £	2024 £
Other inventories	602,139	602,139

5

Debtors

Current	2025 £	2024 £
Other debtors	162,024	162,026
	162,024	162,026

Walters Regeneration Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	579	551
Other creditors	1,122,239	1,122,239
	1,122,818	1,122,790

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	99	99	99	99

8	Related party transactions

Other transactions with directors

Director Mr V Zarifian loaned the company £192,005 in an earlier year and this is outstanding at the year end (2024: £192,005). The loan bears no interest and is repayable on demand. Director Mr D Thursfield loaned the company £202,005 in an earlier year and this is outstanding at the year end (2024: £202,005). The loan bears no interest and is repayable on demand.

Summary of transactions with all entities with joint control or significant interest

Entity with significant influence
An entity with significant influence loaned the company money in an earlier year. £207,005 was owed to the shareholder at the year end (2024: £207,005). The loans from the shareholder bear no interest and are repayable on demand.