Wayseal Investments Limited - Limited company accounts 25.1

REGISTERED NUMBER: 04569713 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WAYSEAL INVESTMENTS LIMITED

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

6

Notes to the Consolidated Financial Statements

7

DIRECTORS:

D E M Thomas

C M L Perring

SECRETARY:

C M L Perring

REGISTERED OFFICE:

Lancaster House

Barrack Lane

WINDSOR

Berks

SL4 1HD

REGISTERED NUMBER:

04569713 (England and Wales)

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of investment in property, commercial enterprises and shares and securities.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

D E M Thomas

C M L Perring

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

C M L Perring - Secretary

17 September 2026

TURNOVER

37,943

46,746

Administrative expenses

182,079

85,318

(144,136

)

(38,572

)

Other operating income

3

(307,557

)

2,747

OPERATING LOSS

5

(451,693

)

(35,825

)

Income from fixed asset investments

6,816

9,968

Interest receivable and similar income

364

920

7,180

10,888

(444,513

)

(24,937

)

Interest payable and similar expenses

25,381

25,339

LOSS BEFORE TAXATION

(469,894

)

(50,276

)

Tax on loss

(58,466

)

(656

)

LOSS FOR THE FINANCIAL YEAR

(411,428

)

(49,620

)

Loss attributable to:

Owners of the parent

(411,428

)

(49,620

)

FIXED ASSETS

Tangible assets

7

1,104,952

1,444,952

Investments

8

759,258

810,533

1,864,210

2,255,485

CURRENT ASSETS

Debtors

9

14,385

15,421

Cash at bank

9,253

109,497

23,638

124,918

CREDITORS

Amounts falling due within one year

10

1,435,517

1,398,179

NET CURRENT LIABILITIES

(1,411,879

)

(1,273,261

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

452,331

982,224

PROVISIONS FOR LIABILITIES

11

30,927

89,392

NET ASSETS

421,404

892,832

CAPITAL AND RESERVES

Called up share capital

12

940

Share premium

13

590,382

Retained earnings

13

(169,918

)

301,510

SHAREHOLDERS' FUNDS

421,404

892,832

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

C M L Perring - Director

FIXED ASSETS

Tangible assets

7

-

Investments

8

651,322

CREDITORS

Amounts falling due within one year

10

60,000

NET CURRENT LIABILITIES

(60,000

)

(60,000

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

591,322

CAPITAL AND RESERVES

Called up share capital

12

940

Share premium

590,382

SHAREHOLDERS' FUNDS

591,322

Company's profit for the financial year

60,000

50,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2026 and were signed on its behalf by:

C M L Perring - Director

1.	STATUTORY INFORMATION

Wayseal Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Basis of consolidation

The group accounts consolidate the accounts of the holding company Wayseal Investments Ltd, its subsidiary undertakings and are drawn up to 31st December each year. The results of subsidiaries acquired or sold are consolidated for the periods from or to the date on which control passed. Acquisitions are accounted for under the acquisition method with goodwill, representing any excess of the fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, being capitalised and subjected to annual impairment reviews.

Turnover

Turnover represents rents receivable including accommodation charges to companies in the associated group in respect of the head office.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

No depreciation has been provided in respect of freehold and leasehold property held for investment as the directors consider this policy is necessary for the financial statements to show a true and fair view.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.	OTHER OPERATING INCOME

31.12.25

31.12.24

£

Exchange gains

-

14

Profit on sale of fixed asset investments

187

9,234

Gain/loss on revaluation of assets

(307,744

)

(6,501

)

(307,557

)

2,747

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	OPERATING LOSS

The group had no employees other than the directors of the holding company and a director of certain subsidiaries. All charges in respect of their services were made by concerns in which the directors were interested and amounted to £12,000 (2024 £19,000).

6.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

7.	TANGIBLE FIXED ASSETS

Group

Freehold

Fixtures

investment

Long

and

property

leasehold

fittings

Totals

£

COST OR VALUATION

At 1 January 2025

974,952

470,000

13,993

1,458,945

Revaluations

(270,000

)

(70,000

)

-

(340,000

)

At 31 December 2025

704,952

400,000

13,993

1,118,945

DEPRECIATION

At 1 January 2025

and 31 December 2025

-

13,993

NET BOOK VALUE

At 31 December 2025

704,952

400,000

-

1,104,952

At 31 December 2024

974,952

470,000

-

1,444,952

Cost or valuation at 31 December 2025 is represented by:

Freehold

Fixtures

investment

Long

and

property

leasehold

fittings

Totals

£

Valuation in 2016

290,259

75,000

-

365,259

Valuation in 2017

168,590

-

168,590

Valuation in 2025

(270,000

)

(70,000

)

-

(340,000

)

Cost

516,103

395,000

13,993

925,096

704,952

400,000

13,993

1,118,945

If freehold investment property had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

Cost

516,102

Freehold investment property was valued on a fair value basis on 9 October 2025 by The Frost Partnership .

If long leasehold had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

Cost

395,000

Long leasehold was valued on a fair value basis on 9 October 2025 by The Frost Partnership.

8.	FIXED ASSET INVESTMENTS

Group

Other

investments

£

COST OR VALUATION

At 1 January 2025

810,533

Additions

36,719

Disposals

(11,252

)

Revaluations

32,256

Impairments

(108,998

)

At 31 December 2025

759,258

NET BOOK VALUE

At 31 December 2025

759,258

At 31 December 2024

810,533

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2025

43,984

Cost

715,274

759,258

If fixed asset investments had not been revalued to fair value they would have been included at historical cost of £142,000 for the listed investments and £573,274 for the unlisted investments. The listed investments were valued at 31/12/2025 by Quilter Cheviot.The unlisted investments are held at cost less impairments.

Company

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

651,322

NET BOOK VALUE

At 31 December 2025

651,322

At 31 December 2024

651,322

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Wayseal Property Investments Limited

Registered office: Lancaster House, Barrack Lane, Windsor, Berks, SL4 1HD

Nature of business: Property investment

%

Class of shares:

holding

Ordinary

100.00

31.12.25

31.12.24

£

Aggregate capital and reserves

1,072,461

1,379,170

Loss for the year

(306,709

)

(34,188

)

Wayseal Securities Limited

Registered office: Lancaster House, Barrack Lane, Windsor, Berks, SL4 1HD

Nature of business: Investment in Shares and Securities

%

Class of shares:

holding

Ordinary

100.00

31.12.25

31.12.24

£

Aggregate capital and reserves

260,508

290,182

Profit for the year

30,326

10,791

Lancaster Capital Ventures Ltd

Registered office: Lancaster House, Barrack Lane, Windsor, Berks, SL4 1HD

Nature of business: Investment in commercial enterprises

%

Class of shares:

holding

Ordinary

100.00

31.12.25

31.12.24

£

Aggregate capital and reserves

(851,564

)

(716,520

)

Loss for the year

(135,044

)

(26,192

)

All subsidiaries are included in this consolidation.

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

31.12.25

31.12.24

£

Trade debtors

781

500

Other debtors

13,604

14,921

14,385

15,421

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

31.12.25

31.12.24

31.12.25

31.12.24

£

Amounts owed to group undertakings

-

60,000

Taxation and social security

-

3,097

-

Other creditors

1,435,517

1,395,082

-

1,435,517

1,398,179

60,000

11.	PROVISIONS FOR LIABILITIES

Group

31.12.25

31.12.24

£

Deferred tax

30,927

89,392

Group

Deferred

tax

£

Balance at 1 January 2025

89,392

Credit to Income Statement during year

(58,465

)

Balance at 31 December 2025

30,927

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

100

Ordinary

£1

940

13.

RESERVES

Group

Retained

Share

earnings

premium

Totals

£

At 1 January 2025

301,510

590,382

891,892

Deficit for the year

(411,428

)

(411,428

)

Dividends

(60,000

)

(60,000

)

At 31 December 2025

(169,918

)

590,382

420,464

The above retained earnings contain non-distributable reserves of £192,645 made up as follows:

£

Revaluation of investments to fair value

237,833

Deferred tax on revaluation of investments to fair value

(45,188

)

192,645

14.	RELATED PARTY DISCLOSURES

During the year Wayseal Property Investments Ltd paid administration charges of £24,000 (2024 £22,000) to Thameside Property Company Ltd, a company in the associated group.

During the year they also paid £12,000 (2024 £12,000) for management fees to Newlands Associates Ltd, a company in which M E J Thomas has a beneficial interest.

During the year, Lancaster Capital Ventures Limited was charged loan interest of £25,339 (2024 £25,339) from Thameside Property Company Limited, a company in the associated group.

15.	ULTIMATE CONTROLLING PARTY

D E Thomas and C M L Perring, both directors, and M E J Thomas control the company by virtue of their holdings of the ordinary share capital.

16.	BALANCE SHEET POSITION

The Group's current liabilities exceed its current assets by £1,411,879. The total amount due to companies in the associated group at the Balance Sheet date was £1,427,131. They are all controlled by C Perring, a director, who has indicated her continued support.This being the case, the directors are confident that the company can meet all of its financial obligations into the foreseeable future.