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REGISTERED NUMBER: 09475814 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

WALBURY COMMERCIAL LTD

WALBURY COMMERCIAL LTD (REGISTERED NUMBER: 09475814)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 29 February 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

WALBURY COMMERCIAL LTD

COMPANY INFORMATION

for the year ended 29 February 2024

| DIRECTORS: | P A J Kiely

| D Kiely

| REGISTERED OFFICE: | Walbury House

| 14 Dalton Court

| Commercial Road

| Darwen

| Lancashire

| BB3 0DG

| REGISTERED NUMBER: | 09475814 (England and Wales)

| ACCOUNTANTS: | Hayes & Co

| Chartered Accountants

| St Andrews House

| 11 Dalton Ct,Commercial Rd

| Blackburn Interchange

| Darwen

| Lancashire

| BB3 0DG

WALBURY COMMERCIAL LTD (REGISTERED NUMBER: 09475814)

BALANCE SHEET

29 February 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,540,706 |  | 1,545,783 |  |

Investments | 5 | 5 |  | 3 |  |

1,540,711 |  | 1,545,786 |  |

CURRENT ASSETS

Stocks | - |  | 45,347 |  |

Debtors | 6 | 2,868,702 |  | 1,951,378 |  |

Cash at bank | 115 |  | 1,009 |  |

2,868,817 |  | 1,997,734 |  |

CREDITORS

Amounts falling due within one year | 7 | 4,330,063 |  | 3,519,761 |  |

NET CURRENT LIABILITIES | (1,461,246 | ) | (1,522,027 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 79,465 |  | 23,759 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 79,463 |  | 23,757 |  |

79,465 |  | 23,759 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 13 March 2026 and were signed on its behalf by:

P A J Kiely - Director

WALBURY COMMERCIAL LTD (REGISTERED NUMBER: 09475814)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 29 February 2024

1. | STATUTORY INFORMATION

| Walbury Commercial Limited is a private company limited by shares, incorporated in England and Wales. The registered number is 09475814 and the registered address is Walbury House, 14 Dalton Court, Commercial Road, Darwen, Lancashire, BB3 0DG.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with FRS 102 ' The Financial Reporting Standard applicable in the UK and Republic of Ireland (' FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

| Preparation of consolidated financial statements

| The financial statements contain information about Walbury Commercial Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.The estimates and associated assumptions are based on historical experience that the directors have and other factors that are considered relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period to which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both the current and future periods.

| 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.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

WALBURY COMMERCIAL LTD (REGISTERED NUMBER: 09475814)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 29 February 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of section 11 ' Basic Financial Instruments' and section 12 'Other Financial Instruments' of FRS 102 to all of its financial instruments.

| Financial Instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include trade receivable, cash and bank balances are initially recorded 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 value rate of interest. Financial assets classified as receivable within one year are not amortised.

| Other financial assets

| The company has no financial instruments that are classified as other financial assets.

| Impairment of financial assets

| Financial assets, other than those held at fair value through the income statement, are assessed for indicators of impairment at each reporting date.

| Financial assets are impaired where there is objective evidence that, as a result if one or more events that occurred after the initial recognition of the financial assets, the estimated future cash flows have been affected. If an assets is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in the income statement.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Classification of financial liabilities

| Basic financial liabilities, including creditors, loans from associated companies 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 receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

WALBURY COMMERCIAL LTD (REGISTERED NUMBER: 09475814)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 29 February 2024

2. | ACCOUNTING POLICIES - continued

| Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Other financial liabilities

| The company has no financial instruments that are classified as other financial liabilities.

| Derecognition of financial liabilities

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

| Equity instruments

| Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - NIL).

WALBURY COMMERCIAL LTD (REGISTERED NUMBER: 09475814)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 29 February 2024

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 March 2023

| and 29 February 2024 | 1,540,706 |  | 20,308 |  | 1,561,014 |  |

| DEPRECIATION

| At 1 March 2023 | - |  | 15,231 |  | 15,231 |  |

| Charge for year | - |  | 5,077 |  | 5,077 |  |

| At 29 February 2024 | - |  | 20,308 |  | 20,308 |  |

| NET BOOK VALUE

| At 29 February 2024 | 1,540,706 |  | - |  | 1,540,706 |  |

| At 28 February 2023 | 1,540,706 |  | 5,077 |  | 1,545,783 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 March 2023 | 3 |  |

| Additions | 2 |  |

| At 29 February 2024 | 5 |  |

| NET BOOK VALUE

| At 29 February 2024 | 5 |  |

| At 28 February 2023 | 3 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Amounts owed by group undertakings | 953,679 |  | 629,892 |  |

| Amounts owed by participating interests | 1,909,053 |  | 1,320,488 |  |

| Other debtors | 5,970 |  | 998 |  |

2,868,702 |  | 1,951,378 |  |

WALBURY COMMERCIAL LTD (REGISTERED NUMBER: 09475814)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 29 February 2024

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 1,056,623 |  | 374,508 |  |

| Trade creditors | 491,523 |  | 412,365 |  |

| Amounts owed to group undertakings | 449,960 |  | 133,001 |  |

| Amounts owed to participating interests | 2,039,385 |  | 2,124,687 |  |

| Taxation and social security | 19,578 |  | 60,455 |  |

| Other creditors | 272,994 |  | 414,745 |  |

4,330,063 |  | 3,519,761 |  |

8. | ULTIMATE CONTROLLING PARTY

| The controlling party is P & D Kiely..