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

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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 ).

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

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.