Company No: 12759647 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Dr Shahid Nadeem Khan
	Dr Karen Nicola Street

REGISTERED OFFICE	Ground Floor Keble House
	Southernhay Gardens
	Exeter
	EX1 1NT
	United Kingdom

BUSINESS ADDRESS	The Avenue
	Bramford Speke
	Exeter
	Devon
	EX5 5DW

COMPANY NUMBER

12759647 (England and Wales)

ACCOUNTANT	Gravita Western Limited
	Keble House
	Southernhay Gardens
	Exeter
	EX1 1NT
	United Kingdom

	Note	31.05.2025		31.05.2024
		£		£
Fixed assets
Tangible assets	3	11,189		13,875
Investment property	4	803,957		800,000
		815,146		813,875
Current assets
Debtors	5	5,684		6,010
Cash at bank and in hand		903		3,556
		6,587		9,566
Creditors: amounts falling due within one year	6	( 625,608)		( 579,011)
Net current liabilities		(619,021)		(569,445)
Total assets less current liabilities		196,125		244,430
Creditors: amounts falling due after more than one year	7	( 204,057)		( 253,708)
Net liabilities		( 7,932)		( 9,278)
Capital and reserves
Called-up share capital		100		100
Revaluation reserve		27,291		27,291
Profit and loss account		( 35,323 )		( 36,669 )
Total shareholders' deficit		( 7,932)		( 9,278)

For the financial year ending 31 May 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 Profit and Loss Account has not been delivered.

The financial statements of WT McCormick Holdings Ltd (registered number: 12759647) were approved and authorised for issue by the Board of Directors on 22 May 2026. They were signed on its behalf by:

Dr Shahid Nadeem Khan 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

WT McCormick Holdings Ltd (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 Ground Floor Keble House, Southernhay Gardens, Exeter, EX1 1NT, United Kingdom. The principal place of business is The Avenue, Bramford Speke, Exeter, Devon, EX5 5DW.

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 £.

Going concern

The company is dependent on funds borrowed from certain related parties who have indicated their willingness to continue their financial support for the foreseeable future. As such these financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises letting income received from rental properties.

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 straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings

20 % 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.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

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, which include debtors 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 transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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, including creditors, bank loans, loans from fellow group companies and preference shares 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 payments 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.

Trade creditors are obligations to pay for goods or 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.

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

2. Employees

	31.05.2025		31.05.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 June 2024	22,028		22,028
At 31 May 2025	22,028		22,028
Accumulated depreciation
At 01 June 2024	8,153		8,153
Charge for the financial year	2,686		2,686
At 31 May 2025	10,839		10,839
Net book value
At 31 May 2025	11,189		11,189
At 31 May 2024	13,875		13,875

4. Investment property

	Investment property
	£
Valuation
As at 01 June 2024	800,000
Additions	3,957
As at 31 May 2025	803,957

Valuation

The book value of the investment property at the balance sheet date appropriately reflects the market value.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	31.05.2025		31.05.2024
	£		£
Historic cost	763,612		763,612

5. Debtors

	31.05.2025		31.05.2024
	£		£
Other debtors	5,684		6,010

6. Creditors: amounts falling due within one year

	31.05.2025		31.05.2024
	£		£
Obligations under finance leases and hire purchase contracts	2,468		2,468
Other creditors	623,140		576,543
	625,608		579,011

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

	31.05.2025		31.05.2024
	£		£
Bank loans (secured)	201,383		248,566
Obligations under finance leases and hire purchase contracts (secured)	2,674		5,142
	204,057		253,708

There is a fixed and floating charge with Paratus AMC Limited dated 9 February 2021 over the property and undertakings of the company.

Hire purchase liabilities are secured against the assets in which they relate.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	31.05.2025		31.05.2024
	£		£
Bank loans (repayable by instalments)	201,383		248,566

8. Related party transactions

Other related party transactions

	31.05.2025		31.05.2024
	£		£
Company under common control	591,000		544,000

The loan advanced is included in creditors within one year. The loan is interest free and repayable on demand.