Walbert Developments Limited Filleted Accounts Cover |  |

| Walbert Developments Limited |
|  | Company No. 11098677 |  |
|  |  | Information for Filing with The Registrar |  |  |
|  |  | 30 December 2024 |  |  |

Walbert Developments Limited Directors Report Registrar |  |

The Directors present their report and the accounts for the year ended 30 December 2024.
Principal activities |  |  |  |  |
The principal activity of the company during the year under review was development of land for resale.
Directors |  |  |  |  |
The Directors who served at any time during the year were as follows:
G. Fraser | (Resigned 17 April 2025) |  |  |  |
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board |  |  |  |
R. Lanyon |  |  |  |  |  |
Director |  |  |  |  |  |
19 November 2025 |  |  |  |  |  |

Walbert Developments Limited Balance Sheet Registrar |  |

at | 30 December 2024 |  |  |  |  |  |  |
Company No. | 11098677 |  | Notes | 2024 |  |  |  | 2023
|  |  |  |  |  | £ |  |  |  | £
Current assets |  |  |  |  |  |  |
| Stocks |  | 4 | 472,500 |  |  |  | 472,500
| Debtors |  | 5 | 9,848 |  |  |  | 300
|  |  |  |  |  | 482,348 |  |  |  | 472,800
Creditors: Amount falling due within one year | 6 | (1,478,253) |  |  |  | (546,571)
Net current liabilities |  |  | (995,905) |  |  |  | (73,771)
Total assets less current liabilities |  |  | (995,905) |  |  |  | (73,771)
Creditors: Amounts falling due after more than one year | 7 | (589,119) |  |  |  | (531,172)
Net liabilities |  |  | (1,585,024) |  |  |  | (604,943)
Capital and reserves |  |  |  |  |  |  |
| Called up share capital |  |  | 1 |  |  |  | 1
| Profit and loss account |  | 8 | (1,585,025) |  |  |  | (604,944)
Total equity |  |  | (1,585,024) |  |  |  | (604,943)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 19 November 2025 and signed on its behalf by: |  |
R. Lanyon |  |  |  |  |  |  |
Director |  |  |  |  |  |  |
19 November 2025 |  |  |  |  |  |  |  |

Walbert Developments Limited Notes to the Accounts Registrar |  |

for the year ended 30 December 2024 |  |  |  |  |  |  |  |

1 | General information |  |
| Walbert Developments Limited is a private company limited by shares and incorporated in England and Wales.
| Its registered number is: 11098677 |  |  |  |  |  |
| Its registered office is: |  |  |  |  |  |  |  |  |  |
| 12-13 Lansdowne Terrace |  |  |  |  |  |  |  |  |  |
| Newcastle Upon Tyne |  |  |  |  |  |  |  |  |  |
| NE3 1HN |  |  |  |  |  |
| The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2 | Accounting policies |  |  |  |  |  |  |  |

| Turnover |  |  |  |  |  |  |  |
| Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

| Taxation |  |  |  |  |  |
| Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

| Stocks |  |  |  |  |  |  |  |
| Stocks which comprise of development land held for resale are stated at the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

| Trade and other debtors |  |  |  |  |  |  |  |
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

| Trade and other creditors |  |  |  |  |  |  |  |
| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3 | Employees |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2024 |  |  |  | 2023
|  |  |  |  |  |  |  |  |  | Number |  |  |  | Number
|  | The average monthly number of employees (including directors) during the year was: | 0 |  |  |  | 0

4 | Stocks |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2024 |  |  |  | 2023
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Work in progress |  |  |  | 472,500 |  |  |  | 472,500
|  |  |  |  |  |  |  |  |  | 472,500 |  |  |  | 472,500

5 | Debtors |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2024 |  |  |  | 2023
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Amounts owed by group undertakings |  |  |  | 6,381 |  |  |  | -
|  | VAT recoverable |  |  |  | 3,167 |  |  |  | -
|  | Other debtors |  |  |  | 300 |  |  |  | 300
|  |  |  |  |  |  |  |  |  | 9,848 |  |  |  | 300

6 | Creditors: |  |  |  |  |  |  |  |
|  | amounts falling due within one year |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2024 |  |  |  | 2023
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Trade creditors |  |  |  | 5,541 |  |  |  | 5,541
|  | Amounts owed to group undertakings |  |  |  | 1,453,211 |  |  |  | 522,111
|  | Taxes and social security |  |  |  | - |  |  |  | 4,168
|  | Accruals and deferred income |  |  |  | 19,501 |  |  |  | 14,751
|  |  |  |  |  |  |  |  |  | 1,478,253 |  |  |  | 546,571

7 | Creditors: |  |  |  |  |  |  |  |
|  | amounts falling due after more than one year |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  | 2024 |  |  |  | 2023
|  |  |  |  |  |  |  |  |  | £ |  |  |  | £
|  | Bank loans and overdrafts |  |  |  | 589,119 |  |  |  | 531,172
|  |  |  |  |  |  |  |  |  | 589,119 |  |  |  | 531,172

8 | Reserves |  |  |  |  |  |  |  |
|  | Profit and loss account - includes all current and prior period retained profits and losses.

9 | Related party disclosures |  |  |  |  |  |
|  | Transactions with related parties |  |  |  |
|  | Parent Company |  |  |  |  |  |  |  |  |  |
|  | The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:
|  | Hadrian Real Estate plc |  |  |  |
|  | The parent's registered office address is: |  |  |  |
|  | Rotterdam House |  |  |  |  |  |  |  |
|  | 116 Quayside |  |  |  |  |  |  |  |
|  | Newcastle upon Tyne |  |  |  |  |  |  |  |
|  | NE1 3DY |  |  |  |  |  |  |  |

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