REGISTERED NUMBER: 04462106 (England and Wales)

Unaudited Financial Statements

For The Year Ended 28 February 2026

for

Wallabrook Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

44,017

52,947

Investment property

5

207,046

207,046

251,063

259,993

CURRENT ASSETS

Stocks

1,814,056

1,672,424

Debtors

6

429,959

432,135

Cash at bank and in hand

582,709

324,720

2,826,724

2,429,279

CREDITORS

Amounts falling due within one year

7

308,326

198,208

NET CURRENT ASSETS

2,518,398

2,231,071

TOTAL ASSETS LESS CURRENT LIABILITIES

2,769,461

2,491,064

PROVISIONS FOR LIABILITIES

5,517

6,430

NET ASSETS

2,763,944

2,484,634

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

2,763,840

2,484,530

SHAREHOLDERS' FUNDS

2,763,944

2,484,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2026 and were signed on its behalf by:

J Horton - Director

1.	STATUTORY INFORMATION

Wallabrook Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04462106

Registered office:

91 New George Street

Plymouth

Devon

PL1 1RQ

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.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised at the point where all rights and obligations are transferred to the company.

Interest is recognised on pawnbroking activities on an accruals basis.

Rental income is recognised during the period it covers and is deferred/accrued where necessary.

Tangible fixed assets

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

Fixtures and fittings

20% on reducing balance

Computer equipment

3 years straight line

Improvements to leasehold property

20 years straight line

Motor vehicles

20% on reducing balance

Investment property

Investment property is included at fair value at each reporting date. Changes in fair value are recognised in the income statement.

Stocks

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

Taxation

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2025 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2025

265,990

Additions

2,758

At 28 February 2026

268,748

DEPRECIATION

At 1 March 2025

213,043

Charge for year

11,688

At 28 February 2026

224,731

NET BOOK VALUE

At 28 February 2026

44,017

At 28 February 2025

52,947

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

and 28 February 2026

207,046

NET BOOK VALUE

At 28 February 2026

207,046

At 28 February 2025

207,046

The directors feel the market value of the property will not have materially changed since its acquisition and therefore a fair value remains at £207,046 as this reporting date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

281,934

295,244

Other debtors

148,025

136,891

429,959

432,135

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade creditors

2,586

1,848

Taxation and social security

286,869

179,501

Other creditors

18,871

16,859

308,326

198,208

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

28.2.26

28.2.25

£

£

Within one year

57,497

62,663

Between one and five years

56,707

112,370

114,204

175,033

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2026 and 28 February 2025:

28.2.26

28.2.25

£

£

A J Horton

Balance outstanding at start of year

3,680

-

Amounts advanced

3,076

3,680

Amounts repaid

(4,624

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,132

3,680

J Horton

Balance outstanding at start of year

-

-

Amounts advanced

9,376

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,376

-

A loan existed between the company and the directors. These loans were interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

A loan existed between the company and the son of a director of £120,000 (2025 £120,000). This is an interest only loan with interest at the HMRC official rate.