REGISTERED NUMBER: 06660539 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

WALLOP ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Lord O H R Lymington

REGISTERED OFFICE:

Estate Office

Farleigh Wallop

Basingstoke

Hampshire

RG25 2HT

REGISTERED NUMBER:

06660539 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

124,395

60,518

Investments

5

15,115,232

16,588,743

Investment property

6

4,061,728

88,000

19,301,355

16,737,261

CURRENT ASSETS

Debtors

7

2,653,682

2,438,646

Cash at bank

74,450

72,444

2,728,132

2,511,090

CREDITORS

Amounts falling due within one year

8

227,061

8,472

NET CURRENT ASSETS

2,501,071

2,502,618

TOTAL ASSETS LESS CURRENT LIABILITIES

21,802,426

19,239,879

CREDITORS

Amounts falling due after more than one year

9

(9,753,513

)

(6,833,298

)

PROVISIONS FOR LIABILITIES

(36,295

)

(45,597

)

NET ASSETS

12,012,618

12,360,984

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

1,111,238

1,094,390

Retained earnings

10,901,280

11,266,494

SHAREHOLDERS' FUNDS

12,012,618

12,360,984

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 23rd December 2025 and were signed by:

Lord O H R Lymington - Director

1.	STATUTORY INFORMATION

Wallop Estates 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 as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Income, which includes profit shares from investments held in Limited Partnerships and Limited Liability Partnerships is recognised in the accounts in the period to which it relates.

Adjustments to invoiced sales are made where income is received in advance or in arrears so as to match the income to the periods in which the services are provided and the associated costs incurred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment properties are included at fair value. Gains are recognised in the income statement. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Fixed asset investments

Listed investments are included at fair value and gains are recognised in the income statement. Unlisted investments are included at cost less impairment where it is not possible to measure fair value reliably.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

125,713

Additions

131,630

Disposals

(116,733

)

At 31st March 2025

140,610

DEPRECIATION

At 1st April 2024

65,195

Charge for year

24,951

Eliminated on disposal

(73,931

)

At 31st March 2025

16,215

NET BOOK VALUE

At 31st March 2025

124,395

At 31st March 2024

60,518

5.	FIXED ASSET INVESTMENTS

2025

2024

£

£

Participating interests

1

1

Loans to undertakings in which the company has a participating interest

3,111,136

3,111,136

Other investments not loans

11,996,595

13,470,106

Other loans

7,500

7,500

15,115,232

16,588,743

Additional information is as follows:

Interest

in joint

Other

venture

investments

Totals

£

£

£

COST OR VALUATION

At 1st April 2024

1

13,470,106

13,470,107

Additions

-

56,700

56,700

Share of profit/(loss)

-

(1,369,114

)

(1,369,114

)

Revaluations

-

(37,209

)

(37,209

)

Repayments

-

(123,888

)

(123,888

)

At 31st March 2025

1

11,996,595

11,996,596

NET BOOK VALUE

At 31st March 2025

1

11,996,595

11,996,596

At 31st March 2024

1

13,470,106

13,470,107

Cost or valuation at 31st March 2025 is represented by:

Interest

in joint

Other

venture

investments

Totals

£

£

£

Valuation in 2018

-

(37,769

)

(37,769

)

Valuation in 2019

-

43,366

43,366

Valuation in 2020

-

(39,406

)

(39,406

)

Valuation in 2021

-

224,103

224,103

Valuation in 2022

-

(49,166

)

(49,166

)

Valuation in 2023

-

182,538

182,538

Valuation in 2024

-

(141,278

)

(141,278

)

Valuation in 2025

-

(37,209

)

(37,209

)

Cost

1

11,851,416

11,851,417

1

11,996,595

11,996,596

Loans to

joint

Other

ventures

loans

Totals

£

£

£

At 1st April 2024

and 31st March 2025

3,111,136

7,500

3,118,636

.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

88,000

Additions

4,061,728

Disposals

(88,000

)

At 31st March 2025

4,061,728

NET BOOK VALUE

At 31st March 2025

4,061,728

At 31st March 2024

88,000

The investment properties were acquired in January 2025 at fair value and the director does not consider that the fair value changed significantly as at 31st March 2025.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

39,010

-

Amounts owed by group undertakings

2,601,575

2,413,575

Amounts owed by participating interests

10,000

5,000

Other debtors

3,097

20,071

2,653,682

2,438,646

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

7,091

206

Taxation and social security

115,078

-

Other creditors

104,892

8,266

227,061

8,472

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

4,481,565

4,730,030

Other creditors

5,271,948

2,103,268

9,753,513

6,833,298

The loan is unsecured and interest free. The lender, Oliver Lymington, has agreed that he will not demand repayment until 1 April 2026 at the earliest and only thereafter if to do so would not prejudice the interest of other creditors or the company's ability to continue trading as a going concern.

10.

RESERVES

Fair

value

reserve

£

At 1st April 2024

1,094,390

Revaluation in year

49,054

Realisation in the year

(32,206

)

At 31st March 2025

1,111,238

11.	OTHER FINANCIAL COMMITMENTS

There is a charge over an investment property with a fair value of £1,260,982 in respect of a bank loan held by the parent company, Wallop Group Investments Limited.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Wallop Group Investments Limited.

The ultimate controlling party is Lord O H R Lymington.