Company Registration Number: 02782737
28 FEBRUARY 2026
WELPLAN LIMITED
COMPANY INFORMATION
WELPLAN LIMITED
CONTENTS
WELPLAN LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2026
The directors present their Strategic Report for Welplan Limited for the year ended 28 February 2026
The Board is pleased to report that despite the ongoing high levels of uncertainty, Welplan was able to continue to provide valuable and sustainable services to customers.
The Statement of Comprehensive Income is set out on page 9 and shows a profit on trading activities before taxation for the year of £569,714 (2025 - £678,322).
A dividend of £400,000 (2025 - £200,000) was declared and paid in the year (refer to note 11 to the financial statements).
The Company continues to maintain a strong balance sheet, with net assets standing at £1,940,862 (2025 - £1,981,066).
The Statement of Comprehensive Income is set out on page 9 and shows a profit on trading activities before taxation for the year of £569,714 (2025 - £678,322).
A dividend of £400,000 (2025 - £200,000) was declared and paid in the year (refer to note 11 to the financial statements).
The Company continues to maintain a strong balance sheet, with net assets standing at £1,940,862 (2025 - £1,981,066).
General
The Company's risks arise from competition from other service providers, either within the building services industry or externally, or from the fact that the relevance, competitiveness, or quality of its products, as seen by its customers, could reduce. These factors are kept under regular review by the Board of Directors to ensure that, where possible, any negative effects are neutralised and, in addition, that all positive and realistic commercial opportunities are exploited. From a wider group perspective, the defined benefit pension scheme liability is considered to be a risk that is monitored by the BESA Board.
New entrants to the market
For commercial subsidiaries in the Group there is a risk of increased activity by competitors operating in our marketplace.
Technology
Technology, especially Al technology, continues to develop at a fast rate, although this creates numerous opportunities, there is a significant business risk if the group fails to keep up with the latest technology.
Pension Scheme Deficit
The final salary pension scheme deficit is an ongoing risk (see note 23). The Scheme Trustees have developed a recovery plan that aims to address the funding shortfall by 2030.
The Company's risks arise from competition from other service providers, either within the building services industry or externally, or from the fact that the relevance, competitiveness, or quality of its products, as seen by its customers, could reduce. These factors are kept under regular review by the Board of Directors to ensure that, where possible, any negative effects are neutralised and, in addition, that all positive and realistic commercial opportunities are exploited. From a wider group perspective, the defined benefit pension scheme liability is considered to be a risk that is monitored by the BESA Board.
New entrants to the market
For commercial subsidiaries in the Group there is a risk of increased activity by competitors operating in our marketplace.
Technology
Technology, especially Al technology, continues to develop at a fast rate, although this creates numerous opportunities, there is a significant business risk if the group fails to keep up with the latest technology.
Pension Scheme Deficit
The final salary pension scheme deficit is an ongoing risk (see note 23). The Scheme Trustees have developed a recovery plan that aims to address the funding shortfall by 2030.
Key performance indicators monitored by the directors include employee and employer participation levels,
fund deposit levels and income, overheads and net profit comparators.
fund deposit levels and income, overheads and net profit comparators.
The board of Directors are satisfied that the key performance indicators are in line with their expectations.
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WELPLAN LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
This report was approved by the board and signed on its behalf.
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WELPLAN LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2026
The directors present their report and the financial statements for the year ended 28 February 2026.
The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £359,796 (2025 - £461,912).
A dividend of £400,000 (2025 - £200,000) was declared and paid in the year.
The directors who served during the year were:
Welplan has performed well and built a strong financial base. The investment strategy continues to deliver a balanced and high performing return that supports future modernisation and growth aspirations.
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WELPLAN LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
Under section 487(2) of the Companies Act 2006, Armstrong Watson Audit Limited will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
This report was approved by the board and signed on its behalf.
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WELPLAN LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WELPLAN LIMITED
We have audited the financial statements of Welplan Limited (the 'Company') for the year ended 28 February 2026, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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WELPLAN LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WELPLAN LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.
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WELPLAN LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WELPLAN LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙We obtained an understanding of laws and regulations that affect the company, focusing on those that
had a direct effect on the financial statements or that had a fundamental effect on its operations. Key
laws and regulations that we identified included the UK Companies Act, tax legislation and occupational
health and employment legislation.
had a direct effect on the financial statements or that had a fundamental effect on its operations. Key
laws and regulations that we identified included the UK Companies Act, tax legislation and occupational
health and employment legislation.
∙We enquired of the directors, reviewed correspondence with HMRC and reviewed directors meeting
minutes for evidence of non-compliance with relevant laws and regulations. We also reviewed controls
the directors have in place to ensure compliance.
minutes for evidence of non-compliance with relevant laws and regulations. We also reviewed controls
the directors have in place to ensure compliance.
∙We gained an understanding of the controls that the directors have in place to prevent and detect fraud.
We enquired of the directors about any incidences of fraud that had taken place during the accounting
period.
We enquired of the directors about any incidences of fraud that had taken place during the accounting
period.
∙The risk of fraud and non-compliance with laws and regulations and fraud was discussed within the audit
team and tests were planned and performed to address these risks. We identified the potential for fraud
in the following areas: revenue recognition and management override of controls.
team and tests were planned and performed to address these risks. We identified the potential for fraud
in the following areas: revenue recognition and management override of controls.
∙We reviewed financial statements disclosures and tested to supporting documentation to assess
compliance with relevant laws and regulations discussed above.
compliance with relevant laws and regulations discussed above.
∙We enquired of the directors and third-party advisors about actual and potential litigation and claims.
∙We performed analytical procedures to identify any unusual or unexpected relationships that might
indicate risks of material misstatement due to fraud.
indicate risks of material misstatement due to fraud.
∙In addressing the risk of fraud due to management override of internal controls we tested the
appropriateness of journal entries and assessed whether the judgements made in making accounting
estimates were indicative of a potential bias.
appropriateness of journal entries and assessed whether the judgements made in making accounting
estimates were indicative of a potential bias.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
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WELPLAN LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WELPLAN LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants and Statutory Auditors
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WELPLAN LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 28 FEBRUARY 2026
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WELPLAN LIMITED
REGISTERED NUMBER: 02782737
BALANCE SHEET
AS AT 28 FEBRUARY 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 12 to 28 form part of these financial statements.
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WELPLAN LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2026
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
Welplan Limited ('the Company') is a limited company incorporated in the United Kingdom and registered in England and Wales. The address of its registered office and principal place of business is:
Old Mansion House, Eamont Bridge, Penrith, Cumbria, CA10 2BX
The principal activity of the Company is the administration of welfare benefit schemes.
These financial statements have been presented in pound sterling which is the functional currency of the Company.
Old Mansion House, Eamont Bridge, Penrith, Cumbria, CA10 2BX
The principal activity of the Company is the administration of welfare benefit schemes.
These financial statements have been presented in pound sterling which is the functional currency of the Company.
2.Accounting policies
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 applicable legislation as set out in the Companies Act 2006 and Schedule 1 of The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008. These financial statements have been prepared under the historical cost convention modified for investment properties and equity investments held at fair value.
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of B&ESA Limited as at 26 February 2026.
The Company is a wholly owned subsidiary of B&ESA Limited, which is registered in the United Kingdom, which itself is a wholly owned subsidiary of the Building Engineering Services Association. The Building Engineering Services Association is the parent undertaking of the largest group which consolidates the financial information of the Company. B&ESA Limited is the parent undertaking of the smallest group which consolidates the financial information of the Company. Therefore the Company has taken advantage of the exemption available under section 400 of Companies Act 2006 not to prepare consolidated financial statements itself.
Copies of the B&ESA Limited consolidated financial statements may be obtained from Companies House and the registered office and principal place of business which is Old Mansion House, Eamont Bridge, Penrith, Cumbria, CA10 2BX.
The Annual Return for the Building Engineering Services Association and group can be obtained from the Certification Office, 11th Floor, 14 Westfield Avenue, London, E20 1HZ.
The Company is a wholly owned subsidiary of B&ESA Limited, which is registered in the United Kingdom, which itself is a wholly owned subsidiary of the Building Engineering Services Association. The Building Engineering Services Association is the parent undertaking of the largest group which consolidates the financial information of the Company. B&ESA Limited is the parent undertaking of the smallest group which consolidates the financial information of the Company. Therefore the Company has taken advantage of the exemption available under section 400 of Companies Act 2006 not to prepare consolidated financial statements itself.
Copies of the B&ESA Limited consolidated financial statements may be obtained from Companies House and the registered office and principal place of business which is Old Mansion House, Eamont Bridge, Penrith, Cumbria, CA10 2BX.
The Annual Return for the Building Engineering Services Association and group can be obtained from the Certification Office, 11th Floor, 14 Westfield Avenue, London, E20 1HZ.
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
2.Accounting policies (continued)
The financial statements have been prepared using the going concern basis.
All reasonable scenarios have been carefully considered for a period of at least 12 months from the approval of these financial statements and in doing so the Board are confident that, even in the worst case scenario with the measures already implemented, the Company has sufficient cash to meet its liabilities.
All reasonable scenarios have been carefully considered for a period of at least 12 months from the approval of these financial statements and in doing so the Board are confident that, even in the worst case scenario with the measures already implemented, the Company has sufficient cash to meet its liabilities.
income in the same period as the related expenditure.
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
2.Accounting policies (continued)
corporation tax, is calculated on the basis of the tax rates and laws that have been enacted or
substantively enacted as at the reporting date.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted as at the reporting date that are expected to apply to the reversal of the timing difference. The tax expense is recognised in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense.
Deferred income tax assets are recognised only to the extent that, on the basis of all available evidence, it is deemed probable that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Current and deferred tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and there is the intention either to settle on a net basis or to realise the asset and settle the liability simultaneously.
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
2.Accounting policies (continued)
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. The Company recognises an intangible asset in respect of development expenditure when it can demonstrate:
∙its technical feasibility of completing the intangible asset so that it will be available for use or sale;
∙its intention to complete the intangible asset and use or sell it;
∙its ability to use or sell the intangible asset;
∙how the intangible asset will generate probable future economic benefits. Among other things, the Company can demonstrate the existence of a market for the output of the intangible asset or the intangible asset itself or, if it is to be used internally, the usefulness of the intangible asset;
∙the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and
∙its ability to measure reliably the expenditure attributable to the intangible asset during its development.
Amortisation of capitalised development expenditure does not commence until the asset is available for use. All expenditure not meeting the criteria set out above is considered to form part of the 'research' phase, and is expensed in the period in which it is incurred. Other intangibles constitute software, intellectual property and website development costs.
The Directors have considered the useful economic life of software licenses to be equivalent to the term of the licence of that software, with an initial licence period of 10 years from December 2015. Any increases in the licence fees due to expansion will be amortised over the remainder of the initial licence period.
The Directors have considered the useful economic life of software licenses to be equivalent to the term of the licence of that software, with an initial licence period of 10 years from December 2015. Any increases in the licence fees due to expansion will be amortised over the remainder of the initial licence period.
The estimated useful lives range as follows:
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods listed below.
Depreciation is provided on the following basis:
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
2.Accounting policies (continued)
The directors review and assess this fair value on an annual basis.
Impairment of financial assets
At each reporting date the Company reviews the carrying value of its assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss.
The recoverable amount of an asset is the higher of fair value less costs to sell and value in use. Value in use is the present value of the future cash flows expected to be derived from the asset, or cash generating unit. The present value calculation involves estimating the future cash inflows and outflows to be derived from continuing use of the asset, and from its ultimate disposal, applying an appropriate discount rate to those future cash flows.
At each reporting date the Company reviews the carrying value of its assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss.
The recoverable amount of an asset is the higher of fair value less costs to sell and value in use. Value in use is the present value of the future cash flows expected to be derived from the asset, or cash generating unit. The present value calculation involves estimating the future cash inflows and outflows to be derived from continuing use of the asset, and from its ultimate disposal, applying an appropriate discount rate to those future cash flows.
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
2.Accounting policies (continued)
Where the recoverable amount of an asset is less than the carrying amount, an impairment loss is recognised immediately in profit or loss. An impairment loss recognised for all assets is reversed in a subsequent period if, and only if, the reasons for the impairment loss have ceased to apply. Impairment losses are charged to the Statement of Comprehensive Income in administration expenses.
Development expenditure is capitalised in accordance with the accounting policy given in note 2.9 to these financial statements. Initial capitalisation of costs is based on management's judgement that technical and economic feasibility is confirmed, usually when a product development project has reached a defined milestone according to an established project management model. In determining the amounts to be capitalised management makes assumptions regarding the expected future cash generation of the assets and the expected period of benefits.
a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within
the next financial year are discussed below.
The Company carries its investment property at fair value, with changes in fair value being recognised in the Income Statement. The Company engaged an independent valuation specialist to determine fair value. The valuer used a valuation technique based on a discounted cash flow model adjusted for comparable market. The determined fair value of the investment property is based on the open market value of the property.
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
3.Judgments in applying accounting policies (continued)
Intangible assets are amortised over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In reassessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions and the remaining life of the asset.
Tangible fixed assets, other than investment properties, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In reassessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
The directors exercise judgement in determining whether, and to what extent, a deferred tax asset should be recognised for tax losses and timing differences based upon the assessment of likely recoverability of the asset. The deferred tax asset is recognised on the basis of recoverability of tax losses over a four year period using the company's latest financial projections. Due to the length of time there can be a significant amount of economic uncertainty on the figures used.
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
10.Taxation (continued)
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
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The investment property is secured by way of a charge in favour of the HVCA Retirement Benefit Scheme.
The fair value at 28 February 2026 was based on a formal valuation as at 23 January 2026, commissioned by the director from an independent valuer holding a professional qualification with the Royal institution of Chartered Surveyors and having experience in the location and class of the investment property valued, which confirmed the value at that date increased to £380,000. As a result, the fair value gain of £5,000 (2025: £Nil) has been recognised through the Statement of Comprehensive Income.
If the investment properies had been accounted for under the historic cost accounting rules, they would have been measured as follows:
The fair value at 28 February 2026 was based on a formal valuation as at 23 January 2026, commissioned by the director from an independent valuer holding a professional qualification with the Royal institution of Chartered Surveyors and having experience in the location and class of the investment property valued, which confirmed the value at that date increased to £380,000. As a result, the fair value gain of £5,000 (2025: £Nil) has been recognised through the Statement of Comprehensive Income.
If the investment properies had been accounted for under the historic cost accounting rules, they would have been measured as follows:
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
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Profit and loss account
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
The Building Engineering Services Association and three of its operating subsidiary undertakings, including this Company, participate in both a funded defined benefit scheme and a defined contribution scheme.
Defined contribution scheme
A defined contribution scheme is available for all Group staff, including those former active members of the defined benefit scheme whose entitlements became deferred on the closure of the Scheme to future accrual. The Company made payments during the year of £386,449 (2025: £690,710) to the group's defined contribution scheme. There was £33,389 of contributions outstanding at the year-end (2025: £70,855).
Defined benefit scheme
The Company made payments during the year of £241,380 (2025: £223,500) to the groups defined benefit scheme. No amounts were outstanding at the year-end (2025: £nil).
Defined contribution scheme
A defined contribution scheme is available for all Group staff, including those former active members of the defined benefit scheme whose entitlements became deferred on the closure of the Scheme to future accrual. The Company made payments during the year of £386,449 (2025: £690,710) to the group's defined contribution scheme. There was £33,389 of contributions outstanding at the year-end (2025: £70,855).
Defined benefit scheme
The Company made payments during the year of £241,380 (2025: £223,500) to the groups defined benefit scheme. No amounts were outstanding at the year-end (2025: £nil).
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WELPLAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
25.Related party transactions (continued)
The immediate parent undertaking is B&ESA Limited, a company registered in England.
The ultimate parent undertaking is the Building Engineering Services Association, a registered trade
and employers association operating in the United Kingdom.
The ultimate controlling party is considered to be the Building Engineering Services Association.
The ultimate parent undertaking is the Building Engineering Services Association, a registered trade
and employers association operating in the United Kingdom.
The ultimate controlling party is considered to be the Building Engineering Services Association.
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