UNIVERSITY OF WOLVERHAMPTON SCIENCE PARK LIMITED

Company Registration Number:
02776959 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2025

Period of accounts

Start date: 01 August 2024

End date: 31 July 2025

UNIVERSITY OF WOLVERHAMPTON SCIENCE PARK LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2025

Balance sheet
Notes

UNIVERSITY OF WOLVERHAMPTON SCIENCE PARK LIMITED

Balance sheet

As at 31 July 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 9,368,520 9,749,446
Total fixed assets: 9,368,520 9,749,446
Current assets
Debtors: 4 415,479 225,867
Total current assets: 415,479 225,867
Creditors: amounts falling due within one year: 5 (2,230,594) (2,211,554)
Net current assets (liabilities): (1,815,115) (1,985,687)
Total assets less current liabilities: 7,553,405 7,763,759
Total net assets (liabilities): 7,553,405 7,763,759
Capital and reserves
Called up share capital: 501,000 501,000
Revaluation reserve:62,135,3652,135,365
Other reserves: (337,222) (297,254)
Profit and loss account: 5,254,262 5,424,648
Shareholders funds: 7,553,405 7,763,759

The notes form part of these financial statements

UNIVERSITY OF WOLVERHAMPTON SCIENCE PARK LIMITED

Balance sheet statements

For the year ending 31 July 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 December 2025
and signed on behalf of the board by:

Name: Prashant Pillai
Status: Director

The notes form part of these financial statements

UNIVERSITY OF WOLVERHAMPTON SCIENCE PARK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

UNIVERSITY OF WOLVERHAMPTON SCIENCE PARK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2025

2. Employees

2025 2024
Average number of employees during the period 0 0

UNIVERSITY OF WOLVERHAMPTON SCIENCE PARK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2025

3. Tangible Assets

Total
Cost £
At 01 August 2024 18,358,406
At 31 July 2025 18,358,406
Depreciation
At 01 August 2024 8,608,960
Charge for year 380,926
At 31 July 2025 8,989,886
Net book value
At 31 July 2025 9,368,520
At 31 July 2024 9,749,446

UNIVERSITY OF WOLVERHAMPTON SCIENCE PARK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2025

4. Debtors

2025 2024
££
Debtors due after more than one year: 0 0

UNIVERSITY OF WOLVERHAMPTON SCIENCE PARK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2025

5. Creditors: amounts falling due within one year note

£305450 - Bank Overdraft £1258348 - Amounts owed to parent undertaking £146137 - Deposits £134492 - Deferred Tax £74053 - VAT Creditor £43246 - Corporation Tax £268868 - Other creditors

UNIVERSITY OF WOLVERHAMPTON SCIENCE PARK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2025

6. Revaluation reserve

2025
£
Balance at 01 August 2024 2,135,365
Surplus or deficit after revaluation 0
Balance at 31 July 2025 2,135,365

UNIVERSITY OF WOLVERHAMPTON SCIENCE PARK LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2025

7. Related party transactions

Name of the related party: University of Wolverhampton
Relationship:
Parent company
Description of the Transaction: Rent of space
£
Balance at 01 August 2024 576,969
Balance at 31 July 2025 636,598
Name of the related party: University of Wolverhampton
Relationship:
Parent company
Description of the Transaction: Service charge for staff provision
£
Balance at 01 August 2024 1,102,384
Balance at 31 July 2025 1,243,234
Name of the related party: Disulfican Ltd
Relationship:
Company owned by parent company
Description of the Transaction: Research related activity
£
Balance at 01 August 2024 14,771
Balance at 31 July 2025 12,190
Name of the related party: Wolverhampton City Council
Relationship:
Shareholder
Description of the Transaction: Rates
£
Balance at 01 August 2024 189,208
Balance at 31 July 2025 226,475
Name of the related party: Wolverhampton City Council
Relationship:
Shareholder
Description of the Transaction: Adhoc room hire
£
Balance at 01 August 2024 0
Balance at 31 July 2025 7,043