REGISTERED NUMBER: 13773462 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

WHARTON PROPERTIES SCARBOROUGH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Robert Wharton

Mrs Bilyana Kirilova Wharton

REGISTERED OFFICE:

Long Lane Gatehouse

Meads Lane

Seamer

Scarborough

North Yorkshire

YO12 4QE

REGISTERED NUMBER:

13773462 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

5 & 6 Manor Court

Manor Garth

Scarborough

North Yorkshire

YO11 3TU

FIXED ASSETS

Tangible assets

4

5,607

7,009

Investment property

5

995,000

995,000

1,000,607

1,002,009

CURRENT ASSETS

Debtors

6

384,779

405,201

Cash at bank and in hand

14,933

9,720

399,712

414,921

CREDITORS

Amounts falling due within one year

7

15,934

23,296

NET CURRENT ASSETS

383,778

391,625

TOTAL ASSETS LESS CURRENT LIABILITIES

1,384,385

1,393,634

CREDITORS

Amounts falling due after more than one year

8

(669,425

)

(669,425

)

PROVISIONS FOR LIABILITIES

(1,700

)

(1,700

)

NET ASSETS

713,260

722,509

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

701,500

701,500

Fair value reserve

5,100

5,100

Retained earnings

5,660

14,909

SHAREHOLDERS' FUNDS

713,260

722,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2026 and were signed on its behalf by:

Mr Robert Wharton - Director

1.	STATUTORY INFORMATION

Wharton Properties Scarborough 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents rental income arising from investment properties and is recognised on a straight line basis over the lease term, net of VAT if applicable.

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

-

20% on reducing balance

Investment property

Investment properties are properties held to earn rentals or for capital appreciation or both.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains.

Going concern - basis of preparation

In assessing the appropriateness of the application of the going concern basis, the directors have

considered the uncertainties around the general economic environment, the current and future

trading performance of the company and available cash. The directors have a reasonable

expectation that the company has adequate resources to continue in operational existence for the

foreseeable future, accordingly they continue to adopt the going concern basis in preparing the

financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

10,805

DEPRECIATION

At 1 April 2025

3,796

Charge for year

1,402

At 31 March 2026

5,198

NET BOOK VALUE

At 31 March 2026

5,607

At 31 March 2025

7,009

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

995,000

NET BOOK VALUE

At 31 March 2026

995,000

At 31 March 2025

995,000

Investment properties included at fair value would have been included on a historical cost basis at:

2026

2025

£

£

Cost

988,200

988,200

The completed investment properties are stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''.

The investment properties are valued by the directors at fair value, taking into account existing tenancy arrangements.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by associates

351,726

383,614

Other debtors

33,053

21,587

384,779

405,201

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

3,756

3,466

Taxation and social security

1,912

9,484

Other creditors

10,266

10,346

15,934

23,296

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

669,425

669,425

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

669,425

669,425

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

669,425

669,425

The bank borrowings are secured by a first legal mortgage over freehold property owned by the

company and a debenture comprising a fixed and floating charge over all assets and undertakings

of the company.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

Mr Robert Wharton and Mrs Bilyana Kirilova Wharton

Balance outstanding at start of year

20

(439

)

Amounts advanced

15,120

2,000

Amounts repaid

(1,561

)

(1,541

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,579

20

The loan is unsecured and repayable on demand.

11.	RELATED PARTY DISCLOSURES

The directors provide a personal guarantee in relation to the bank borrowings of the company.

Other related party transactions

Included in debtors due within one year is £351,726 (2025 £383,614) owed from R & B Wharton Limited, a connected company. The loan is deemed to be repayable on demand.