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Registration number: 12323128

Wallis Real Estate Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 30 November 2025

Wallis Real Estate Ltd

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Balance Sheet | 4
Notes to the Unaudited Financial Statements | 5 to 10

Wallis Real Estate Ltd

Company Information

Directors | Mr Barry Wallis Allen Mrs Catherine Jane Allen

Registered office | Unit 8 The Courtyard Goldsmith Way Eliot Business Park Nuneaton CV10 7RJ

Accountants | Pattinsons Business Services Limited 8 The Courtyard Goldsmith Way Eliot Business Park Nuneaton CV10 7RJ

Wallis Real Estate Ltd

Directors' Report for the Year Ended 30 November 2025

The directors present their report and the financial statements for the year ended 30 November 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr Barry Wallis Allen

Mrs Catherine Jane Allen

Principal activity

The principal activity of the company is that of a holding company.

Small companies provision statement

This report has 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.

Approved by the Board on 20 August 2026 and signed on its behalf by:

.........................................
Mr Barry Wallis Allen
Director

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Wallis Real Estate Ltd
for the Year Ended 30 November 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wallis Real Estate Ltd for the year ended 30 November 2025 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Wallis Real Estate Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Wallis Real Estate Ltd and state those matters that we have agreed to state to the Board of Directors of Wallis Real Estate Ltd, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wallis Real Estate Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Wallis Real Estate Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Wallis Real Estate Ltd. You consider that Wallis Real Estate Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Wallis Real Estate Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Pattinsons Business Services Limited
8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

20 August 2026

Wallis Real Estate Ltd

(Registration number: 12323128)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 19,796 | 21,281
Investment property | 6 | 371,381 | 213,381
Investments | 7 | 33,163 | 32,701
|  | 424,340 | 267,363
Current assets |  |  |
Debtors | 8 | 3,473 | 193
Cash at bank and in hand |  | 173,426 | 19,666
|  | 176,899 | 19,859
Creditors: Amounts falling due within one year | 9 | (154,811) | (82,003)
Net current assets/(liabilities) |  | 22,088 | (62,144)
Net assets |  | 446,428 | 205,219
Capital and reserves |  |  |
Called up share capital | 10 | 5 | 5
Retained earnings |  | 446,423 | 205,214
Shareholders' funds |  | 446,428 | 205,219

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.

Approved and authorised by the Board on 20 August 2026 and signed on its behalf by:

......................................... Mr Barry Wallis Allen Director

Wallis Real Estate 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 and Wales.

The address of its registered office is:
Unit 8 The Courtyard
Goldsmith Way
Eliot Business Park
Nuneaton
CV10 7RJ

These financial statements were authorised for issue by the Board on 20 August 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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 tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Wallis Real Estate Ltd

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

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 in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and Fittings | 25% Reducing balance method
Motor Vehicles | 25% Reducing balance method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Wallis Real Estate Ltd

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

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, other third parties and loans to related parties.

3 | Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 3,341 | 17,748
Income from shares in group undertakings | (285,000) | (25,000)

Wallis Real Estate Ltd

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

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 December 2024 | 3,406 | 68,644 | 72,050
Additions | 1,856 | - | 1,856
At 30 November 2025 | 5,262 | 68,644 | 73,906
Depreciation
At 1 December 2024 | 716 | 50,053 | 50,769
Charge for the year | 750 | 2,591 | 3,341
At 30 November 2025 | 1,466 | 52,644 | 54,110
Carrying amount
At 30 November 2025 | 3,796 | 16,000 | 19,796
At 30 November 2024 | 2,690 | 18,591 | 21,281

6 | Investment properties

| 2025 £
At 1 December | 213,381
Additions | 158,000
At 30 November | 371,381

There has been no valuation of investment property by an independent valuer.

Wallis Real Estate Ltd

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

7 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 33,163 | 32,701

Subsidiaries | £
Cost or valuation
At 1 December 2024 | 32,701
Revaluation | 462
At 30 November 2025 | 33,163
Provision
Carrying amount
At 30 November 2025 | 33,163
At 30 November 2024 | 32,701

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Wallis Real Estate Consultancy Ltd | 8 The Courtyard Goldsmith Way Eliot Business Park Nuneaton CV10 7RJ | Ordinary | 100% | 100%

8 | Debtors

| 2025 £ | 2024 £
Prepayments | 278 | -
Other debtors | 3,195 | 193
| 3,473 | 193

Wallis Real Estate Ltd

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

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 378 | 741
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 12 | 94,812 | 37,493
Taxation and social security |  | 58,665 | 7,618
Other creditors |  | 956 | 36,151
|  | 154,811 | 82,003

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1 | 1 | 1 | 1
Ordinary shares of £1 each | 1 | 1 | 1 | 1
| 2 | 2 | 2 | 2

11 | Reserves

| Note | 2025 £ | 2024 £
Distributable reserves |  | 413,260 | 172,513
Non-distributable reserves |  | 33,163 | 32,701
|  | 446,423 | 205,214

12 | Related party transactions

2025 | At 1 December 2024 £ | Advances to director £ | Repayments by director £ | At 30 November 2025 £
Loan to director | (35,242) | 81,979 | (43,544) | 3,193

Interest has been charged at HMRC's beneficial loan interest rates on balances in excess of £10,000. The loan is repayable on demand.