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REGISTERED NUMBER: 01687073 (England and Wales)

| WALLACE ST HOLDINGS LTD |

| (FORMERLY WALLACE SCHOOL OF |

| TRANSPORT LTD) |

| Unaudited Financial Statements |

| for the Year Ended 31 January 2026 |

| WALLACE ST HOLDINGS LTD (Registered number: 01687073) |

| (FORMERLY WALLACE SCHOOL OF |

| TRANSPORT LTD) |

Contents of the Financial Statements

for the Year Ended 31 January 2026

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

| WALLACE ST HOLDINGS LTD |

| (FORMERLY WALLACE SCHOOL OF |

| TRANSPORT LTD) |

Company Information

for the Year Ended 31 January 2026

| DIRECTORS: | R I Jenkins

| N R Wallace

| SECRETARY: | R I Jenkins

| REGISTERED OFFICE: | 8 Steele Road

| Park Royal

| London

| NW10 7AR

| REGISTERED NUMBER: | 01687073 (England and Wales)

| ACCOUNTANTS: | DSJ Partners (UK) Limited

| 2nd Floor

| 1 Bell Street

| London

| NW1 5BY

| WALLACE ST HOLDINGS LTD (Registered number: 01687073) |

| (FORMERLY WALLACE SCHOOL OF |

| TRANSPORT LTD) |

Balance Sheet

31 January 2026

| 2026 |  | 2025

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,783,586 |  | 2,005,046 |  |

Investments | 5 | 100 |  | - |  |

1,783,686 |  | 2,005,046 |  |

CURRENT ASSETS

Debtors | 6 | 83,225 |  | 320,678 |  |

Cash at bank | 1,261,737 |  | 1,295,411 |  |

1,344,962 |  | 1,616,089 |  |

CREDITORS

Amounts falling due within one year | 7 | (18,016 | ) | (506,696 | ) |

NET CURRENT ASSETS | 1,326,946 |  | 1,109,393 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,110,632 |  | 3,114,439 |  |

PROVISIONS FOR LIABILITIES | - |  | (50,965 | ) |

NET ASSETS | 3,110,632 |  | 3,063,474 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Other reserves | 198,858 |  | 198,858 |  |

Retained earnings | 2,911,772 |  | 2,864,614 |  |

3,110,632 |  | 3,063,474 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

| WALLACE ST HOLDINGS LTD (Registered number: 01687073) |

| (FORMERLY WALLACE SCHOOL OF |

| TRANSPORT LTD) |

Balance Sheet - continued

31 January 2026

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 4 June 2026 and were signed on its behalf by:

N R Wallace - Director

R I Jenkins - Director

| WALLACE ST HOLDINGS LTD (Registered number: 01687073) |

| (FORMERLY WALLACE SCHOOL OF |

| TRANSPORT LTD) |

Notes to the Financial Statements

for the Year Ended 31 January 2026

1. | STATUTORY INFORMATION

| WALLACE ST HOLDINGS LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 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

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, 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:

| Land and buildings 2% on 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.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

| Pension costs and other post-retirement benefits

| Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2025 - 17 ).

| WALLACE ST HOLDINGS LTD (Registered number: 01687073) |

| (FORMERLY WALLACE SCHOOL OF |

| TRANSPORT LTD) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 February 2025 | 2,068,386 |  | 1,532,630 |  | 3,601,016 |  |

| Reclassification/transfer | - |  | (1,532,630 | ) | (1,532,630 | ) |

| At 31 January 2026 | 2,068,386 |  | - |  | 2,068,386 |  |

| DEPRECIATION

| At 1 February 2025 | 267,200 |  | 1,328,770 |  | 1,595,970 |  |

| Charge for year | 17,600 |  | - |  | 17,600 |  |

| Reclassification/transfer | - |  | (1,328,770 | ) | (1,328,770 | ) |

| At 31 January 2026 | 284,800 |  | - |  | 284,800 |  |

| NET BOOK VALUE

| At 31 January 2026 | 1,783,586 |  | - |  | 1,783,586 |  |

| At 31 January 2025 | 1,801,186 |  | 203,860 |  | 2,005,046 |  |

| The directors estimate the value of the buildings to be £880,000 for depreciation purposes.

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| Additions | 100 |  |

| At 31 January 2026 | 100 |  |

| NET BOOK VALUE

| At 31 January 2026 | 100 |  |

| The company holds 100% of the ordinary share capital of Wallace School of Transport Limited, incorporated in England and Wales.

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

2026 | 2025 |

£ | £ |

| Trade debtors | - |  | 219,823 |  |

| Amounts owed by group undertakings | 83,225 |  | - |  |

| Other debtors | - |  | 100,855 |  |

83,225 |  | 320,678 |  |

| WALLACE ST HOLDINGS LTD (Registered number: 01687073) |

| (FORMERLY WALLACE SCHOOL OF |

| TRANSPORT LTD) |

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

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

2026 | 2025 |

£ | £ |

| Trade creditors | - |  | 74,163 |  |

| Tax | 14,505 |  | 68,509 |  |

| Social security and other taxes | 2,400 |  | 95,744 |  |

| Other creditors | 1,111 |  | 268,280 |  |

18,016 |  | 506,696 |  |

8. | RELATED PARTY DISCLOSURES

| At the balance sheet date, the company was owed £83,225 from Wallace School of Transport Limited, a wholly owned subsidiary.