Company No: 05315458 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	3,460,990		3,155,501
Investments	4	101		101
		3,461,091		3,155,602
Current assets
Debtors	5	568,311		1,060,750
Cash at bank and in hand		515,659		72,841
		1,083,970		1,133,591
Creditors: amounts falling due within one year	6	( 278,011)		( 352,923)
Net current assets		805,959		780,668
Total assets less current liabilities		4,267,050		3,936,270
Creditors: amounts falling due after more than one year	7	( 763,426)		( 614,982)
Provision for liabilities		( 148,079)		( 87,488)
Net assets		3,355,545		3,233,800
Capital and reserves
Called-up share capital	8	202		202
Profit and loss account		3,355,343		3,233,598
Total shareholders' funds		3,355,545		3,233,800

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of WRES Holdings Limited (registered number: 05315458) were approved and authorised for issue by the Board of Directors on 13 January 2026. They were signed on its behalf by:

A W G Hamer Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

WRES Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 25 Witney Road, Nuffield Industrial Estate, Poole, Dorset, BH17 0GL.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the rental of commercial property and owned equipment. The company recognises revenue on a monthly basis net of value added tax.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	20 % reducing balance
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 July 2024	2,681,355		1,737,561		120,512		4,539,428
Additions	7,119		470,991		0		478,110
Disposals	0		( 2,565)		0		( 2,565)
At 30 June 2025	2,688,474		2,205,987		120,512		5,014,973
Accumulated depreciation
At 01 July 2024	0		1,326,570		57,357		1,383,927
Charge for the financial year	0		156,194		15,788		171,982
Disposals	0		( 1,926)		0		( 1,926)
At 30 June 2025	0		1,480,838		73,145		1,553,983
Net book value
At 30 June 2025	2,688,474		725,149		47,367		3,460,990
At 30 June 2024	2,681,355		410,991		63,155		3,155,501

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 July 2024	101
At 30 June 2025	101
Carrying value at 30 June 2025	101
Carrying value at 30 June 2024	101

Investments in shares

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the normal value of any class of share capital are as follows:

Name of entity	Registered office	Principal activity	Class of shares	Ownership 30.06.2025	Ownership 30.06.2024	Held
WRES Limited	Towngate House, 2-8 Parkstone Road, Poole, Dorset, BH15 2PW	Welding services and metal fabrication	Ordinary	100.00%	100.00%	Direct

5. Debtors

	2025		2024
	£		£
Trade debtors	0		18,822
Amounts owed by Group undertakings	515,177		958,577
Other debtors	53,134		83,351
	568,311		1,060,750

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	34,788		51,930
Taxation and social security	0		85,762
Obligations under finance leases and hire purchase contracts	77,496		28,836
Other creditors	165,727		186,395
	278,011		352,923

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

	2025		2024
	£		£
Bank loans (secured)	560,030		578,869
Obligations under finance leases and hire purchase contracts (secured)	203,396		36,113
	763,426		614,982

Bank loans are secured on the freehold property of the company by way of a fixed and floating charge. Hire purchase contracts are secured on the assets to which they relate.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each	200		200
2 Ordinary A shares of £ 1.00 each	2		2
	202		202