Company registration number 11384232 (England and Wales)
WELLINGTON EDUCATION PROPERTY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
WELLINGTON EDUCATION PROPERTY LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,455,475
2,591,890
Current assets
Debtors
4
295,001
295,001
Cash at bank and in hand
861
1,665
295,862
296,666
Creditors: amounts falling due within one year
5
-
0
(324)
Net current assets
295,862
296,342
Total assets less current liabilities
2,751,337
2,888,232
Creditors: amounts falling due after more than one year
6
(1,461,348)
(1,696,026)
Provisions for liabilities
7
(35,046)
(38,652)
Net assets
1,254,943
1,153,554
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
1,254,942
1,153,553
Total equity
1,254,943
1,153,554

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 8 May 2026 and are signed on its behalf by:
Miss H Williams
Director
Company registration number 11384232 (England and Wales)
WELLINGTON EDUCATION PROPERTY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 September 2023
1
1,097,133
1,097,134
Year ended 31 August 2024:
Profit and total comprehensive income
-
93,189
93,189
Distributions
-
(36,769)
(36,769)
Balance at 31 August 2024
1
1,153,553
1,153,554
Year ended 31 August 2025:
Profit and total comprehensive income
-
101,389
101,389
Balance at 31 August 2025
1
1,254,942
1,254,943
WELLINGTON EDUCATION PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Wellington Education Property Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is The Estate Office, Stratfield Saye, Hampshire, United Kingdom, RG7 2BT.

1.1
Accounting convention

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 FRS 102 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 a mounts in these financial statements are rounded to the nearest £1.

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

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Rental income relates to properties leased under operating leases. Revenue is recognised on a straight-line basis over the term of the lease. Rent free periods or other incentives given to the lessee are accounted for as a reduction to the rental income and recognised on a straight-line basis over the lease term.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
25 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with bank s.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

WELLINGTON EDUCATION PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include amounts owed by group undertakings and cash and bank balances, are initially measured 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 financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including other creditors 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 paymen ts discounted at a market rate of interest.

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

1.7
Equity instruments

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

1.8
Taxation

The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable.

Current and deferred tax is charged or credited to profit or loss, except when it relates to items charged or credited to other comprehensive income or equity, when the tax follows the transaction or event it relates to and is also charged or credited to other comprehensive income, or equity.

Current tax

Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on the net basis or to realise the asset and settle the liability simultaneously.

Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates that have been enacted or substantively enacted by the reporting date.

Deferred tax

Deferred tax is calculated at the tax rates that are expected to apply to the period of when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date.

Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing differences are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in different periods from their recognition in the financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered by the reversal of deferred tax liabilities or other future taxable profits.

WELLINGTON EDUCATION PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
2
Employees

The company had no employees during the current or prior yea r.

3
Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2024 and 31 August 2025
3,410,380
Depreciation and impairment
At 1 September 2024
818,490
Depreciation charged in the year
136,415
At 31 August 2025
954,905
Carrying amount
At 31 August 2025
2,455,475
At 31 August 2024
2,591,890
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
295,001
295,001
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
324
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
1,461,348
1,696,026

The other creditors of £1,461,348 (2024: £1,696,026) relates to a loan provided by other related parties. The loan is due for repayment on 9 August 2028 and no interest is charged.

WELLINGTON EDUCATION PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
35,046
38,652
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
9
Operating lease commitments
Lessor

At the reporting date the company had contracted with tenants for the following minimum lease payments:

2025
2024
£
£
Within one year
295,000
295,000
Between two and five years
590,000
885,000
885,000
1,180,000
10
Parent company

The immediate and ultimate parent company and the smallest and largest group to prepare consolidated financial statements which include this entity, is Wellington Estates Holdings Limited, a company incorporated in the United Kingdom. Group financial statements are available from its registered office: The Estate Office, Stratfield Saye, Hampshire, RG7 2BT

WELLINGTON EDUCATION PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
11
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Repayment of loans
2025
2024
£
£
Entities under common ownership / management
(295,000)
(295,000)

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Entities under common ownership / management
1,461,348
1,696,026
2025
2024
Amounts due from related parties
£
£
Entities under common ownership / management
295,000
295,000
12
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Senior Statutory Auditor:
Mark Dickinson
Statutory Auditor:
Shaw Gibbs (Audit) Limited
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