Company No: 07488206 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	66,494		87,767
Investment property	4	1,570,940		1,570,940
Investments	5	100		100
		1,637,534		1,658,807
Current assets
Debtors	6	441,784		888,084
Cash at bank and in hand		9,383		4,516
		451,167		892,600
Creditors: amounts falling due within one year	7	( 333,512)		( 370,958)
Net current assets		117,655		521,642
Total assets less current liabilities		1,755,189		2,180,449
Creditors: amounts falling due after more than one year	8	( 489,549)		( 916,049)
Provision for liabilities		( 52,899)		( 51,897)
Net assets		1,212,741		1,212,503
Capital and reserves
Called-up share capital		20		20
Profit and loss account		1,212,721		1,212,483
Total shareholders' funds		1,212,741		1,212,503

For the financial year ending 31 January 2026 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Waverley Building Services Limited (registered number: 07488206) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

J D G Phillips Director

14 October 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Waverley Building Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Fircroft Crowhurst Road, Crowhurst, Lingfield, RH7 6LY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income is recognised on an accruals basis in the financial statements, in the period to which it relates.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	4 years straight line
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Statement of Financial Position when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 February 2025	5,664		100,684		780		2,666		109,794
Additions	0		0		0		841		841
At 31 January 2026	5,664		100,684		780		3,507		110,635
Accumulated depreciation
At 01 February 2025	2,036		18,224		65		1,702		22,027
Charge for the financial year	907		20,615		195		397		22,114
At 31 January 2026	2,943		38,839		260		2,099		44,141
Net book value
At 31 January 2026	2,721		61,845		520		1,408		66,494
At 31 January 2025	3,628		82,460		715		964		87,767

4. Investment property

	Investment property
	£
Valuation
As at 01 February 2025	1,570,940
As at 31 January 2026	1,570,940

Valuation

The valuation at 31 January 2026 was determined by the directors on an open market value basis.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2026		2025
	£		£
Historic cost	1,299,449		1,299,449

5. Fixed asset investments

Investments in subsidiaries

	2026
	£
Cost
At 01 February 2025	100
At 31 January 2026	100
Carrying value at 31 January 2026	100
Carrying value at 31 January 2025	100

6. Debtors

	2026		2025
	£		£
Amounts owed by own subsidiaries	297,283		308,083
Other debtors	144,501		580,001
	441,784		888,084

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Amounts owed to directors	45,920		75,780
Other loans	268,000		262,000
Accruals and deferred income	3,240		2,280
Corporation tax	2,281		17,307
Other taxation and social security	5,856		5,376
Other creditors	8,215		8,215
	333,512		370,958

The other loans were unsecured at the year end (2025: £18,000 was secured against property 127B Lavender Hill).

8. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	489,549		489,549
Other loans	0		426,500
	489,549		916,049

The aggregate amount of borrowings for which security has been given amounted to £489,549 (2025: £916,049). The bank loan is secured against Flat B, 104 Coverton Road, London. In the prior year, other loans totalling £426,500 were secured against 127B Lavender Hill and Flat 4 Constance Court.

9. Related party transactions

Transactions with the entity's directors

At 31 January 2026 the company owed directors £45,920 (2025: £75,780), arising from funds introduced by the directors. The balance is unsecured, interest free and repayable on demand.