Wellock Estates Limited 29/09/2025 iXBRL

Company registration number: 11431410

Wellock Estates Limited

Unaudited filleted financial statements

29 September 2025

Wellock Estates Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Wellock Estates Limited

Directors and other information


	Directors	Mr A R J Wellock
		Mrs J A Wellock


	Company number	11431410


	Registered office	Croft House
		Station Road
		Barnoldswick
		Lancashire
		BB18 5NA


	Accountants	Windle & Bowker Limited
		Croft House
		Station Road
		Barnoldswick
		Lancashire
		BB18 5NA

Wellock Estates Limited

Statement of financial position

29 September 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	8,627,208		8,592,962
		_______		_______
			8,627,208		8,592,962

Current assets
Debtors	6	3,321		-
Cash at bank and in hand		10,364		27,599
		_______		_______
		13,685		27,599
Creditors: amounts falling due
within one year	7	( 8,173,093)		( 8,288,814)
		_______		_______
Net current liabilities			( 8,159,408)		( 8,261,215)
			_______		_______
Total assets less current liabilities			467,800		331,747

			_______		_______
Net assets			467,800		331,747
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			466,800		330,747
			_______		_______
Shareholders funds			467,800		331,747
			_______		_______

For the year ending 29 September 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 year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 June 2026 , and are signed on behalf of the board by:

Mr A R J Wellock

Director

Company registration number: 11431410

Wellock Estates Limited

Notes to the financial statements

Year ended 29 September 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Croft House, Station Road, Barnoldswick, Lancashire, BB18 5NA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	15% reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 30 September 2024	8,125,385	834,772	8,960,157
Additions	92,443	14,046	106,489
	_______	_______	_______
At 29 September 2025	8,217,828	848,818	9,066,646
	_______	_______	_______
Depreciation
At 30 September 2024	-	367,195	367,195
Charge for the year	-	72,243	72,243
	_______	_______	_______
At 29 September 2025	-	439,438	439,438
	_______	_______	_______
Carrying amount
At 29 September 2025	8,217,828	409,380	8,627,208
	_______	_______	_______
At 29 September 2024	8,125,385	467,577	8,592,962
	_______	_______	_______

Investment property

The Directors have considered the valuation of the Company's freehold investment property at the year-end date on an open market value basis. The Directors are of the opinion that the valuation included in the financial statements is a fair value. There has been no valuation of investment property by an independent valuer.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


	Freehold property	Total
	£	£
At 29 September 2025
Aggregate cost	8,217,828	8,217,828
Aggregate depreciation	(780,141)	(780,141)
	_______	_______
Carrying amount	7,437,687	7,437,687
	_______	_______

At 29 September 2024
Aggregate cost	8,125,385	8,125,385
Aggregate depreciation	(615,784)	(615,784)
	_______	_______
Carrying amount	7,509,601	7,509,601
	_______	_______

6. Debtors

	2025	2024
	£	£
Other debtors	3,321	-
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	-	7,826
Other creditors	8,173,093	8,280,988
	_______	_______
	8,173,093	8,288,814
	_______	_______

8. Related party transactions

The Directors, Mr A R J Wellock & Mrs J A Wellock , provided an interest free loan to the company. The balance due to them at the year end was £8,169,593 (29 September 2024 - £8,279,488). This balance is included in creditors falling due within one year.

9. Controlling party

The company is under the control of Mr A R J Wellock & Mrs J A Wellock, who are interested in 60% of the company's issued share capital.