Wallop Group Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08567041 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

WALLOP GROUP INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Lord O H R Lymington

Lady F Lymington

M W A Doran

REGISTERED OFFICE:

Estate Office

Farleigh Wallop

Basingstoke

Hampshire

RG25 2HT

REGISTERED NUMBER:

08567041 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Investments

4

63,037,103

53,633,610

Investment property

5

2,200,000

65,237,103

55,833,610

CURRENT ASSETS

Debtors

6

15,667,666

9,765,022

Investments

7

971,117

1,150,176

Cash at bank

64,607

36,704

16,703,390

10,951,902

CREDITORS

Amounts falling due within one year

8

8,597,613

5,577,355

NET CURRENT ASSETS

8,105,777

5,374,547

TOTAL ASSETS LESS CURRENT
LIABILITIES

73,342,880

61,208,157

CREDITORS

Amounts falling due after more than one year

9

(70,132,123

)

(57,594,746

)

PROVISIONS FOR LIABILITIES

(354,715

)

(131,321

)

NET ASSETS

2,856,042

3,482,090

CAPITAL AND RESERVES

Called up share capital

11

300

Fair value reserve

12

1,064,164

323,778

Retained earnings

12

1,791,578

3,158,012

SHAREHOLDERS' FUNDS

2,856,042

3,482,090

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd December 2025 and were signed on its behalf by:

Lord O H R Lymington - Director

1.	STATUTORY INFORMATION

Wallop Group Investments 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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 3 (2024 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

COST OR VALUATION

At 1st April 2024

401

53,633,209

53,633,610

Additions

-

16,412,179

Disposals

(1

)

(7,857,075

)

(7,857,076

)

Share of profit/(loss)

-

(121,172

)

(121,172

)

Revaluations

-

969,562

At 31st March 2025

400

63,036,703

63,037,103

NET BOOK VALUE

At 31st March 2025

400

63,036,703

63,037,103

At 31st March 2024

401

53,633,209

53,633,610

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

Shares in

group

Other

undertakings

investments

Totals

£

Valuation in 2021

-

1,968,325

Valuation in 2022

-

(2,218,723

)

(2,218,723

)

Valuation in 2023

-

(826,218

)

(826,218

)

Valuation in 2024

-

1,000,630

Valuation in 2025

-

969,562

Cost

400

62,143,127

62,143,527

400

63,036,703

63,037,103

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

2,200,000

NET BOOK VALUE

At 31st March 2025

2,200,000

At 31st March 2024

2,200,000

The investment property was revalued in 2022 by an external valuer. The directors do not consider the fair value to have significantly changed since that date.

Fair value at 31st March 2025 is represented by:

£

Valuation in 2022

525,307

Cost

1,674,693

2,200,000

6.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Trade debtors

25,917

112,348

Other debtors

33,275

50,735

59,192

163,083

Amounts falling due after more than one year:

Amounts owed by group undertakings

15,608,474

9,601,939

Aggregate amounts

15,667,666

9,765,022

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

Unlisted investments

1,117

150,176

Other

970,000

1,000,000

971,117

1,150,176

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

11,732

21,036

Amounts owed to group undertakings

1,244,191

369,191

Taxation and social security

11,174

8,381

Other creditors

7,330,516

5,178,747

8,597,613

5,577,355

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

9,000,000

Other creditors

61,132,123

48,594,746

70,132,123

57,594,746

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

5,250,000

As at 31 March 2025, the Company owed the director £61,132,123 (2024: £48,594,746). The loan is unsecured and interest free. The director has confirmed 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.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

9,000,000

Other loans

7,273,723

5,058,209

16,273,723

14,058,209

The bank loan is secured by way of guarantees and charges over various properties owned by Wallop Estates Limited and Wallop Estates (Fulham) Limited and the investment property owned by Wallop Group Investments Limited.

The other loan is secured by way of a fixed charge over the company's investments.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

300

Ordinary

£1

300

12.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1st April 2024

3,158,012

323,778

3,481,790

Deficit for the year

(626,048

)

(626,048

)

Transfer

(746,168

)

746,168

-

Realisation of gains

5,782

(5,782

)

-

At 31st March 2025

1,791,578

1,064,164

2,855,742