Company registration number 01143430 (England and Wales)
WELLINGTON COUNTRY PARK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
WELLINGTON COUNTRY PARK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,052,865
1,291,260
Investments
4
5
5
1,052,870
1,291,265
Current assets
Stocks
301,195
324,279
Debtors
5
682,832
611,170
Cash at bank and in hand
6,351
16,537
990,378
951,986
Creditors: amounts falling due within one year
6
(1,487,875)
(1,079,194)
Net current liabilities
(497,497)
(127,208)
Total assets less current liabilities
555,373
1,164,057
Provisions for liabilities
7
-
0
(39,980)
Net assets
555,373
1,124,077
Capital and reserves
Called up share capital
1,881,485
1,881,485
Share premium account
120,700
120,700
Revaluation reserve
149,459
156,407
Profit and loss reserves
(1,596,271)
(1,034,515)
Total equity
555,373
1,124,077
WELLINGTON COUNTRY PARK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 July 2026 and are signed on its behalf by:
The Earl of Mornington
Director
Company registration number 01143430 (England and Wales)
WELLINGTON COUNTRY PARK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
Share capital
Share premium account
Revaluation reserve
Profit and loss reserves
Total
£
£
£
£
£
Balance at 1 January 2024
1,881,485
120,700
163,355
(651,085)
1,514,455
Year ended 31 December 2024:
Loss and total comprehensive income
-
-
-
(390,378)
(390,378)
Transfers
-
-
(6,948)
6,948
-
Balance at 31 December 2024
1,881,485
120,700
156,407
(1,034,515)
1,124,077
Year ended 31 December 2025:
Loss and total comprehensive income
-
-
-
(568,704)
(568,704)
Transfers
-
-
(6,948)
6,948
-
Balance at 31 December 2025
1,881,485
120,700
149,459
(1,596,271)
555,373
WELLINGTON COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
1
Accounting policies
Company information

Wellington Country Park Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Estate Office, Stratfield Saye, Reading, Berkshire, RG7 2BT.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
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:

Leasehold improvements
10, 20 and 50 years straight line
Plant and equipment
5 years straight line
Fixtures and fittings
5 years straight line
Motor vehicles
5 years 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.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

WELLINGTON COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances and amounts due from fellow group undertakings, 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.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, 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 paymen ts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

WELLINGTON COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 6 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
159
158
WELLINGTON COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 January 2025
2,910,413
421,282
824,385
135,881
4,291,961
Additions
-
0
40,239
-
0
-
0
40,239
At 31 December 2025
2,910,413
461,521
824,385
135,881
4,332,200
Depreciation and impairment
At 1 January 2025
1,935,758
331,326
678,016
55,601
3,000,701
Depreciation charged in the year
152,427
50,775
50,907
24,525
278,634
At 31 December 2025
2,088,185
382,101
728,923
80,126
3,279,335
Carrying amount
At 31 December 2025
822,228
79,420
95,462
55,755
1,052,865
At 31 December 2024
974,655
89,956
146,369
80,280
1,291,260

The company's original leasehold land and buildings were valued on a depreciated replacement costs basis by Simmons & Sons, a firm of independent Chartered Surveyors, as at 31 December 2000. This resulted in a revaluation of £470,080 being recognised and taken to the revaluation reserve. Subsequently, the company has invested significantly in its leasehold properties by way of capital improvements. On a historical cost basis, the carrying value of leasehold and and buildings would be £470,080 lower.

4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
5
5
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
146,119
152,950
Other debtors
442,636
458,220
588,755
611,170
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
94,077
-
0
Total debtors
682,832
611,170
WELLINGTON COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 8 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
393,924
93,962
Trade creditors
287,898
332,291
Taxation and social security
311,531
88,194
Other creditors
494,522
564,747
1,487,875
1,079,194
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
-
0
39,980
8
Related party transactions

The company is related to certain other entities within the Wellington Estate operations by virtue of common ownership and/or management. In particular, working capital funding is managed across all related entities as needs arise. During the year, in addition to working capital transactions, the company was recharged costs by related entities of £743,902 (2024: £512,059). At the reporting date, related entity debtors amounted to £336,300 (2024: £402,901) and related entity creditors amounted to £16,607 (2024: £65,384).

9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
171,968
151,794
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