| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st December 2025 |
| for |
| WALTERFRANK PROPERTIES LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st December 2025 |
| for |
| WALTERFRANK PROPERTIES LIMITED |
| WALTERFRANK PROPERTIES LIMITED (REGISTERED NUMBER: 10053917) |
| Contents of the Financial Statements |
| for the Year Ended 31st December 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| WALTERFRANK PROPERTIES LIMITED |
| Company Information |
| for the Year Ended 31st December 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Accountants |
| 89 Leigh Road |
| Eastleigh |
| Hampshire |
| SO50 9DQ |
| WALTERFRANK PROPERTIES LIMITED (REGISTERED NUMBER: 10053917) |
| Balance Sheet |
| 31st December 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| WALTERFRANK PROPERTIES LIMITED (REGISTERED NUMBER: 10053917) |
| Balance Sheet - continued |
| 31st December 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| WALTERFRANK PROPERTIES LIMITED (REGISTERED NUMBER: 10053917) |
| Notes to the Financial Statements |
| for the Year Ended 31st December 2025 |
| 1. | STATUTORY INFORMATION |
| WalterFrank Properties Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| WALTERFRANK PROPERTIES LIMITED (REGISTERED NUMBER: 10053917) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2025 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st January 2025 |
| Additions |
| Revaluations | 69,830 |
| At 31st December 2025 |
| NET BOOK VALUE |
| At 31st December 2025 |
| At 31st December 2024 |
| Fair value at 31st December 2025 is represented by: |
| £ |
| Valuation in 2019 | 36,785 |
| Valuation in 2020 | 71,564 |
| Valuation in 2021 | 158,648 |
| Valuation in 2022 | 321,028 |
| Valuation in 2023 | (72,000 | ) |
| Valuation in 2024 | 64,800 |
| Valuation in 2025 | 69,830 |
| Cost | 4,840,845 |
| 5,491,500 |
| If investment property had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 4,809,175 | 4,809,175 |
| Freehold investment property was valued on a fair value basis on 31st December 2025 by the directors . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts (see note 8) |
| Other creditors |
| WALTERFRANK PROPERTIES LIMITED (REGISTERED NUMBER: 10053917) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans (see note 8) |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| Repayable by instalments |
| Bank loans more 5 yr by instal | - | 105,186 |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst | 3,482,498 | 3,175,737 |
| Repayable by instalments |
| Bank loans more 5 yr by instal | - | 105,186 |
| The bank loans are supported by first legal charges over the freehold investment properties. |
| WALTERFRANK PROPERTIES LIMITED (REGISTERED NUMBER: 10053917) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2025 |
| 9. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1st January 2025 | 574,179 |
| Profit for the year |
| Property revaluation | (69,830 | ) | 69,831 | 1 |
| Deferred tax on revaluation | 17,458 | (17,458 | ) | - |
| At 31st December 2025 | 631,947 |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31st December 2025 and 31st December 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is under the joint control of the Directors, Mr M Napoli and Mrs C Napoli. |