| REGISTERED NUMBER: |
| Financial Statements |
| For The Year Ended 31 March 2026 |
| for |
| WALLACE CARTWRIGHT AND COMPANY LIMITED |
| REGISTERED NUMBER: |
| Financial Statements |
| For The Year Ended 31 March 2026 |
| for |
| WALLACE CARTWRIGHT AND COMPANY LIMITED |
| WALLACE CARTWRIGHT AND COMPANY LIMITED (REGISTERED NUMBER: 00406697) |
| Contents of the Financial Statements |
| For The Year Ended 31 March 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| WALLACE CARTWRIGHT AND COMPANY LIMITED |
| Company Information |
| For The Year Ended 31 March 2026 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| T/A Lees-Buckley & Co |
| 16 Northfields Prospect |
| Putney Bridge Road |
| London |
| SW18 1PE |
| WALLACE CARTWRIGHT AND COMPANY LIMITED (REGISTERED NUMBER: 00406697) |
| Balance Sheet |
| 31 March 2026 |
| 31.3.26 | 31.3.25 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Non-distributable reserve | 11 |
| Profit & loss account | 11 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| WALLACE CARTWRIGHT AND COMPANY LIMITED (REGISTERED NUMBER: 00406697) |
| Notes to the Financial Statements |
| For The Year Ended 31 March 2026 |
| 1. | STATUTORY INFORMATION |
| Wallace Cartwright and Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the invoiced amount of sales of goods and services stated net of value added tax. Sales previously shown as other revenue have now been reclassified as turnover in the comparative figures of these accounts. |
| Tangible fixed assets |
| Leasehold property | - |
| Furniture & Fittings | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| WALLACE CARTWRIGHT AND COMPANY LIMITED (REGISTERED NUMBER: 00406697) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 March 2026 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Leasehold | Furniture |
| property | & fittings | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2025 |
| Impairments | (556,000 | ) | - | (556,000 | ) |
| At 31 March 2026 |
| DEPRECIATION |
| At 1 April 2025 |
| Charge for year |
| At 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| At 31 March 2025 |
| Cost or valuation at 31 March 2026 is represented by: |
| Leasehold | Furniture |
| property | & fittings | Totals |
| £ | £ | £ |
| Valuation in 2026 | 1,444,000 | 15,787 | 1,459,787 |
| If the leasehold property had not been revalued it would have been included at the following historical cost: |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Cost | 105,649 | 105,649 |
| The leasehold property was valued on an open market basis basis on 31 March 2026 by the directors . |
| 5. | FIXED ASSET INVESTMENTS |
| The fixed asset investment represents the cost of 99.994% of the issued ordinary share capital of W.J. Groom & Co. Limited, a company incorporated in England. This sole subsidiary did not trade in the current or previous year. At the year end its net assets amounted to £57,649 (2025 £59,413) and the loss for the year was £1,764 (2025 £1,063). |
| WALLACE CARTWRIGHT AND COMPANY LIMITED (REGISTERED NUMBER: 00406697) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 March 2026 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| Taxation & social security |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| Deferred revenue | 15,000 | 45,000 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Amounts owed to group undertakings |
| 9. | PROVISIONS FOR LIABILITIES |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Deferred tax | 237,293 | 342,933 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2025 |
| Credit to Income Statement during year | ( |
) |
| Balance at 31 March 2026 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.26 | 31.3.25 |
| value: | £ | £ |
| Ordinary shares | £1 | 150,000 | 150,000 |
| WALLACE CARTWRIGHT AND COMPANY LIMITED (REGISTERED NUMBER: 00406697) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 March 2026 |
| 11. | RESERVES |
| Profit & |
| loss | Non-distributable |
| account | reserve | Totals |
| £ | £ | £ |
| At 1 April 2025 | ( |
) | 1,216,563 |
| Deficit for the year | ( |
) | ( |
) |
| Transfer | 556,000 | (556,000 | ) | - |
| At 31 March 2026 | ( |
) | 755,656 |
| 12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 13. | CONTINGENT LIABILITIES |
| His Majesty's Revenue and Customs have opened an enquiry into the VAT affairs of the company. No assessments have yet been made and the outcome of the enquiry is uncertain. The potential additional tax is estimated at £34,206 but management believes the company's position to be robust and no liability has been recorded for the outcome |
| 14. | RELATED PARTY DISCLOSURES |
| Turnover derived from transactions with companies of the Amalgamations Private Limited group amounted to £180,000 (2025 £146,000). |
| At the balance sheet date, £Nil (2025 £40,335) was owed by group companies and £72,488 (2025 £59,807) was owed to group companies. |
| 15. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |