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Registration number: 11654607

Wayfaring Properties Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

Wayfaring Properties Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

Wayfaring Properties Ltd

(Registration number: 11654607)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 4,334 | 6,715
Investment property | 5 | 3,873,184 | 4,872,005
|  | 3,877,518 | 4,878,720
Current assets |  |  |
Debtors | 6 | 12,639 | 10,721
Cash at bank and in hand |  | 596,688 | 422,600
|  | 609,327 | 433,321
Creditors: Amounts falling due within one year | 7 | (28,645) | (28,842)
Net current assets |  | 580,682 | 404,479
Total assets less current liabilities |  | 4,458,200 | 5,283,199
Creditors: Amounts falling due after more than one year | 7 | (1,683,242) | (2,319,770)
Provisions for liabilities |  | (104,636) | (134,295)
Net assets |  | 2,670,322 | 2,829,134
Capital and reserves |  |  |
Called up share capital | 8 | 5,100 | 5,100
Other reserves |  | 334,459 | 440,400
Profit and loss account |  | 2,330,763 | 2,383,634
Shareholders' funds |  | 2,670,322 | 2,829,134

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 July 2026 and signed on its behalf by:

Ms A C Blake
Director

Wayfaring Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England Wales.

The address of its registered office is:
128 Wannock Lane
Wannock
Eastbourne
East Sussex
BN20 9SJ

2 | Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The presentation currency is sterling.
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern
The financial statements have been prepared on a going concern basis.

Revenue recognition
Turnover comprises rental income received or receivable in the ordinary course of the company's activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and equipment | 25% straight line
Motor vehicles | 20% straight line

Wayfaring Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Cash
Cash comprises cash on hand and all deposits.

Debtors
Debtors are amounts due from tenants for rent receivable and other associated letting fees in the ordinary course of the business.
Debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3 | Staff numbers

The average number of persons employed by the company during the year was 2 (2024 - 2).

Wayfaring Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4 | Tangible assets

| Plant and equipment £ | Motor vehicles £ | Total £
Cost
At 1 December 2024 | 1,890 | 10,800 | 12,690
At 30 November 2025 | 1,890 | 10,800 | 12,690
Depreciation
At 1 December 2024 | 1,295 | 4,680 | 5,975
Charge for the year | 221 | 2,160 | 2,381
At 30 November 2025 | 1,516 | 6,840 | 8,356
Net book value
At 30 November 2025 | 374 | 3,960 | 4,334
At 30 November 2024 | 595 | 6,120 | 6,715

5 | Investment property

| 2025 £ | 2024 £
At 1 December | 4,872,005 | 6,106,636
Disposals | (947,269) | (1,076,900)
Fair value adjustments | (51,552) | (157,731)
At 30 November | 3,873,184 | 4,872,005

The properties were valued by the directors at their market value using current market data for similar properties in the same areas.

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 1,425 | -
Other debtors | 9,799 | 9,509
Prepayments | 1,415 | 1,212
| 12,639 | 10,721

Wayfaring Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Bank loans | 10,116 | 10,116
Trade creditors | 24 | 24
Taxation and social security | 1,597 | 1,235
Other creditors | 12,905 | 12,507
Accruals | 4,003 | 4,960
| 28,645 | 28,842

Creditors include a bank loan in the sum of £10,116 (2024 - £10,116) which is secured by a government backed guarantee.

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Bank loans | 1,683,242 | 2,319,770
| 1,683,242 | 2,319,770

Creditors include bank loans in the sum of £1,683,242 (2024 - £2,319,770) of which £1,682,389 (2024 - £2,842,801) are secured on the investment properties they relate to and £853 (2024 - £10,979) is secured by a government backed guarantee. Within these amounts £1,682,388 (2024 - £2,308,791) is repayable, other than by instalments, after more than five years.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 5,000 | 5,000 | 5,000 | 5,000
Ordinary A shares of £0.01 each | 10,000 | 100 | 10,000 | 100
| 15,000 | 5,100 | 15,000 | 5,100

9 | Related party transactions

Directors’ advances
The company provided the directors with a current account on which cash advances were made and items of personal expenditure paid for by the company were charged. During the year £74,354 (2024 - £65,316) was advanced and £74,063 (2024 - £75,057) was repaid.
Advances were unsecured and no interest has been charged.