Wellington Park Properties Limited 01805270 false 2024-07-01 2025-06-30 2025-06-30 The principal activity of the company is Property rental and management Digita Accounts Production Advanced 6.30.9574.0 true true 01805270 2024-07-01 2025-06-30 01805270 2025-06-30 01805270 core:CurrentFinancialInstruments 2025-06-30 01805270 core:CurrentFinancialInstruments core:WithinOneYear 2025-06-30 01805270 core:MotorVehicles 2025-06-30 01805270 core:OfficeEquipment 2025-06-30 01805270 core:PlantMachinery 2025-06-30 01805270 bus:SmallEntities 2024-07-01 2025-06-30 01805270 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 01805270 bus:FilletedAccounts 2024-07-01 2025-06-30 01805270 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 01805270 bus:RegisteredOffice 2024-07-01 2025-06-30 01805270 bus:Director1 2024-07-01 2025-06-30 01805270 bus:Director2 2024-07-01 2025-06-30 01805270 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 01805270 core:MotorVehicles 2024-07-01 2025-06-30 01805270 core:OfficeEquipment 2024-07-01 2025-06-30 01805270 core:PlantMachinery 2024-07-01 2025-06-30 01805270 countries:EnglandWales 2024-07-01 2025-06-30 01805270 2024-06-30 01805270 core:MotorVehicles 2024-06-30 01805270 core:OfficeEquipment 2024-06-30 01805270 core:PlantMachinery 2024-06-30 01805270 2023-07-01 2024-06-30 01805270 2024-06-30 01805270 core:CurrentFinancialInstruments 2024-06-30 01805270 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 01805270 core:MotorVehicles 2024-06-30 01805270 core:OfficeEquipment 2024-06-30 01805270 core:PlantMachinery 2024-06-30 iso4217:GBP xbrli:pure

Registration number: 01805270

Wellington Park Properties Limited
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Wellington Park Properties Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Wellington Park Properties Limited

Company Information

Directors | Mr William John Hale Mrs Kathryn Mary Hale

Registered office | Middleton House Purton Berkeley Gloucestershire GL13 9HY

Accountants | Stone & Co Chartered Accountants 2 Charnwood House Marsh Road Ashton Bristol BS3 2NA

Wellington Park Properties Limited

(Registration number: 01805270)
Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |  |
Tangible assets | 4 |  | 44,943 | 16,577
Investment property | 5 |  | 3,800,000 | 3,800,000
|  |  | 3,844,943 | 3,816,577
Current assets |  |  |  |
Debtors | 6 | 33,284 |  | 87,349
Cash at bank and in hand |  | 663,218 |  | 425,728
|  | 696,502 |  | 513,077
Creditors: Amounts falling due within one year | 7 | (330,238) |  | (248,371)
Net current assets |  |  | 366,264 | 264,706
Total assets less current liabilities |  |  | 4,211,207 | 4,081,283
Provisions for liabilities |  |  | (544,188) | (538,742)
Net assets |  |  | 3,667,019 | 3,542,541
Capital and reserves |  |  |  |
Called up share capital |  | 38,000 |  | 38,000
Capital redemption reserve |  | 14,000 |  | 14,000
Retained earnings |  | 3,615,019 |  | 3,490,541
Shareholders' funds |  |  | 3,667,019 | 3,542,541

Wellington Park Properties Limited

(Registration number: 01805270)
Balance Sheet as at 30 June 2025

For the financial year ending 30 June 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Profit and Loss Account.

Approved and authorised by the Board on 30 December 2025 and signed on its behalf by:

.........................................

Mr William John Hale
Director

Wellington Park Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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:
Middleton House
Purton Berkeley
Gloucestershire
GL13 9HY

These financial statements were authorised for issue by the Board on 30 December 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Wellington Park Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance
Motor vehicles | 25% reducing balance
Office equipment | 25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Wellington Park Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Wellington Park Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

4 | Tangible assets

| Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 26,408 | 7,530 | 23,227 | 57,165
Additions | 606 | 470 | 39,817 | 40,893
Disposals | - | - | (23,227) | (23,227)
At 30 June 2025 | 27,014 | 8,000 | 39,817 | 74,831
Depreciation
At 1 July 2024 | 18,768 | 6,097 | 15,723 | 40,588
Charge for the year | 2,061 | 475 | 3,895 | 6,431
Eliminated on disposal | - | - | (17,131) | (17,131)
At 30 June 2025 | 20,829 | 6,572 | 2,487 | 29,888
Carrying amount
At 30 June 2025 | 6,185 | 1,428 | 37,330 | 44,943
At 30 June 2024 | 7,640 | 1,433 | 7,504 | 16,577

5 | Investment properties

| 2025 £
At 1 July | 3,800,000
Additions | 6,555
Fair value adjustments | (6,555)
At 30 June | 3,800,000

The last valuation of the company's premises was undertaken on 22 September 2022 by Ash Chartered Surveyors. The valuation was prepared on an open market basis in accordance with
the RICS Appraisal and Valuation Manual published by the Royal Institution of Chartered Surveyors.

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 10,516 | 81,067
Prepayments | 22,768 | 6,282
| 33,284 | 87,349

Wellington Park Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 18,620 | 45
Taxation and social security | 77,677 | 72,351
Accruals and deferred income | 135,115 | 117,946
Other creditors | 98,826 | 58,029
| 330,238 | 248,371