Wolsey Estates Limited - Filleted accounts

Registered number

10340818

Wolsey Estates Limited

Filleted Accounts

31 August 2026

Wolsey Estates Limited
Registered number:		10340818
Balance Sheet
as at 31 August 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		2,501,068			2,501,068

Current assets
Stocks		3,947,040			3,947,040
Debtors	4	1,027,021			1,033,011
Cash at bank and in hand		474,938			324,689
		5,448,999			5,304,740

Creditors: amounts falling due within one year	5	(7,216,653)			(7,233,166)

Net current liabilities			(1,767,654)			(1,928,426)

Net assets			733,414			572,642

Capital and reserves
Called up share capital			3			3
Profit and loss account			733,411			572,639

Shareholders' funds			733,414			572,642

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr P Thavatheva
Director
Approved by the board on 24 September 2026

Wolsey Estates Limited
Notes to the Accounts
for the year ended 31 August 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Freehold Buildings	Nil
	Fixtures, fittings, tools and equipment	over 5 years

	Investment properties
	Investment property, which is property held to earn rentals and/or for capital appreciation, has been shown at cost and no depreciation has been provided. This is a departure from FRS 102 which requires investment property to be shown at fair value.

	Stock
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Impairment of fixed assets
	A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		3		2


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 September 2025				2,501,068
	At 31 August 2026				2,501,068

	Depreciation
	At 31 August 2026				-

	Net book value
	At 31 August 2026				2,501,068
	At 31 August 2025				2,501,068


4	Debtors		2026		2025
£				£

	Trade debtors		21		6,011
	Other debtors		1,027,000		1,027,000
			1,027,021		1,033,011


5	Creditors: amounts falling due within one year		2026		2025
£				£

	Trade creditors		18,000		18,000
	Taxation and social security costs		53,592		70,105
	Other creditors		7,145,061		7,145,061
			7,216,653		7,233,166


6	Related party transactions

	At the year-end and included in other debtors is £1,027,000 ( 2025 - £1,027,000l) due from Tiger Bay Estates Limited. A company in which P Thavatheva is also a director and shareholder. Included in other creditors is loan of £6,991,876 ( 2025 - £6,991,876) due to Carlton Leisure (UK) Limited, a company owned and controlled by a member of the directors' close family.


7	Other information

	Wolsey Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 2, Carlton Leisure, 362 Rayners Lane
	Pinner
	Middlesex
	HA5 5ED