Wallhill Limited 31/03/2025 iXBRL

Company registration number: 01761650

Wallhill Limited

Unaudited filleted financial statements

31 March 2025

Wallhill Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Wallhill Limited

Directors and other information


	Directors	Y S Mahomed


	Company number	01761650


	Registered office	6 Stamford Square
		77 - 83 Upper Richmond Road
		London
		SW15 2BF


	Business address	6 Stamford Square
		77 - 83 Upper Richmond Road
		London
		SW15 2BF




	Bankers	Lloyds TSB Bank Plc
		83 Clarence Street
		Kingston Upon Thames
		Surrey
		KT1 1RE

Wallhill Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	45,089,665		43,785,942
Investments	7	444,782		419,605
		_______		_______
			45,534,447		44,205,547

Current assets
Debtors	8	6,554,939		6,588,515
Cash at bank and in hand		487,664		463,819
		_______		_______
		7,042,603		7,052,334
Creditors: amounts falling due
within one year	9	( 4,678,589)		( 4,155,033)
		_______		_______
Net current assets			2,364,014		2,897,301
			_______		_______
Total assets less current liabilities			47,898,461		47,102,848

Creditors: amounts falling due
after more than one year	10		( 62,282,595)		( 57,710,331)

Provisions for liabilities			( 115,036)		( 115,036)

			_______		_______
Net liabilities			( 14,499,170)		( 10,722,519)
			_______		_______

Capital and reserves
Called up share capital	12		500,000		500,000
Revaluation reserve	13		7,986,595		7,986,595
Profit and loss account	13		( 22,985,765)		( 19,209,114)
			_______		_______
Shareholders deficit			( 14,499,170)		( 10,722,519)
			_______		_______

For the year ending 31 March 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 09 December 2025 , and are signed on behalf of the board by:

Y S Mahomed

Director

Company registration number: 01761650

Wallhill Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 6 Stamford Square, 77 - 83 Upper Richmond Road, London, SW15 2BF.

Principal Activities

The principal activities of the company is that of property investments and rental income.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

In preparing the financial statements, the directors have taken into account all the information that could reasonably be expected to be available together with their continued support The company is dependent on the availability of funds and the current conditions are having significant impact upon the funds and the conditions remain challenging. Based on the results of the company the board considers that the company has sufficient future funds to maintain its profitability. The directors have reasonable expectations and adequate resources that the company will be able to continue in operations and meet its liabilities as they fall due. The directors are also confident that they will recover the rental income on all the investment properties.On this basis the financial statements have been prepared by using the going concern basis of accounting because there are no material uncertainties related to events and conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 1 ).

5. Tax on loss

Major components of tax income/expense

	2025	2024
	£	£
Current tax:
Adjustments in respect of previous periods	( 20,599)	-
	_______	_______
Tax on loss	( 20,599)	-
	_______	_______

Reconciliation of tax income/expense

The tax assessed on the loss for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 19.00 % (2024: 19.00%).

	2025	2024
	£	£
Loss before taxation	( 3,797,250)	( 3,313,508)
	_______	_______

Loss multiplied by rate of tax	( 721,478)	( 629,567)
Adjustments in respect of prior periods	( 20,599)	-
Unrelieved tax losses	742,077	629,567
	_______	_______
Tax on loss	-	-
Factors affecting future tax expense
The company's investment properties are held for long term period and consequently no provision has been made for corporation tax which would arise should these properties be disposed at their open market value. Further the company has incurred a tax loss for the previous and current years.

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 April 2024	43,744,139	1,613,224	38,830	45,396,193
Additions	1,309,859	2,320	-	1,312,179
	_______	_______	_______	_______
At 31 March 2025	45,053,998	1,615,544	38,830	46,708,372
	_______	_______	_______	_______
Depreciation
At 1 April 2024	-	1,575,106	35,144	1,610,250
Charge for the year	-	8,088	369	8,457
	_______	_______	_______	_______
At 31 March 2025	-	1,583,194	35,513	1,618,707
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	45,053,998	32,350	3,317	45,089,665
	_______	_______	_______	_______
At 31 March 2024	43,744,139	38,118	3,686	43,785,943
	_______	_______	_______	_______

7. Investments

	Other loans	Total
	£	£
Cost
At 1 April 2024	419,606	419,606
Additions	25,176	25,176
	_______	_______
At 31 March 2025	444,782	444,782
	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	444,782	444,782
	_______	_______
At 31 March 2024	419,606	419,606
	_______	_______

8. Debtors

	2025	2024
	£	£
Trade debtors	257,098	249,383
Other debtors	6,297,841	6,339,132
	_______	_______
	6,554,939	6,588,515
	_______	_______

Debtors include unpaid share capital of £68,980.No money have been called for the unpaid share capital and the directors are confident when the calls are made the amount will be received.

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	250,200	250,800
Trade creditors	67,759	31,906
Corporation tax	-	20,599
Social security and other taxes	62,986	66,229
Other creditors	4,297,644	3,785,499
	_______	_______
	4,678,589	4,155,033
	_______	_______

10. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	5,672,300	5,981,700
Other creditors	56,610,295	51,728,631
	_______	_______
	62,282,595	57,710,331
	_______	_______

11. Financial instruments

Financial instruments carried on the statement of financial position include cash and cash equivalents, borrowings and accruals. The particular recognition methods adopted are disclosed in the individual policy statements associated with each item.

12. Called up share capital

Issued and called up

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	500,000	500,000	500,000	500,000
	_______	_______	_______	_______

Issued and partly paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each - £ - paid	500,000	-	500,000	-
	_______	_______	_______	_______

Called-up share capital represents the nominal value of shares that have been issued

13. Reserves

The profit & loss reserve includes all current and prior year's retained profits and losses

14. Controlling party

The ultimate controlling interest is held by N. Mahomed.