Sycamore WSM Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 12429614

		2026		2025 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		22,513		28,654
Investment Properties	6		3,317,972		2,755,083

			3,340,485		2,783,737
CURRENT ASSETS
Stocks	7	-		130,989
Debtors	8	40,582		11,385
Cash at bank and in hand		67,213		102,804

		107,795		245,178
Creditors: Amounts Falling Due Within One Year	9	(521,255 )		(641,649 )

NET CURRENT ASSETS (LIABILITIES)			(413,460 )		(396,471 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,927,025		2,387,266

Creditors: Amounts Falling Due After More Than One Year	10		(2,421,703 )		(1,925,191 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(77,005 )		(61,172 )

NET ASSETS			428,317		400,903

CAPITAL AND RESERVES
Called up share capital	11		10		10
Revaluation reserve	12		226,360		177,444
Income Statement			201,947		223,449

SHAREHOLDERS' FUNDS			428,317		400,903

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Sycamore WSM Ltd

Statement of Financial Position (continued)

As At 31 January 2026

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr M A Turner

Director

14 September 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Sycamore WSM Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12429614 . The registered office is 3 Pegasus House, Pegasus Court, Olympus Avenue, Warwick, Warwickshire, CV34 6LW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on cost
Motor Vehicles	20% on cost
Fixtures & Fittings	20% on cost
Computer Equipment	33% on cost

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income statement.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Sycamore WSM Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Prior Period Adjustment

During the year, the company identified a material error in the recognition of revenue and related costs in the financial statements for the year ended 31 January 2025. The error has been corrected by restating the comparative figures. The adjustment increased both revenue and costs for the prior year, and reduced WIP, with a net increase to retained earnings of £63,107. The opening balance of retained earnings at 1 February 2025 has been adjusted accordingly. Comparative figures have been restated where necessary.

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 1 February 2025	12,664	19,394	4,309	4,531	40,898
Additions	-	1,800	1,101	-	2,901

As at 31 January 2026	12,664	21,194	5,410	4,531	43,799

Depreciation
As at 1 February 2025	2,886	5,135	2,034	2,189	12,244
Provided during the period	2,533	4,097	917	1,495	9,042

As at 31 January 2026	5,419	9,232	2,951	3,684	21,286

Net Book Value
As at 31 January 2026	7,245	11,962	2,459	847	22,513

As at 1 February 2025	9,778	14,259	2,275	2,342	28,654

6. Investment Property

	2026
	£
Fair Value
As at 1 February 2025	2,762,111
Additions	513,973
Revaluations	48,916
Depreciation and impairment	(7,028 )

As at 31 January 2026	3,317,972

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Sycamore WSM Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Stocks

	2026	2025 as restated
	£	£
Work in progress	-	130,989

8. Debtors

	2026	2025 as restated
	£	£
Due within one year
Trade debtors	4,140	11,385
Due after more than one year
Amounts owed by participating interests	36,442	-

	40,582	11,385

9. Creditors: Amounts Falling Due Within One Year

	2026	2025 as restated
	£	£
Trade creditors	1,130	4,198
Bank loans and overdrafts	19,895	75,093
Amounts owed to participating interests	-	91,612
Other creditors	476,518	456,796
Taxation and social security	23,712	13,950

	521,255	641,649

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025 as restated
	£	£
Bank loans	2,245,682	1,925,191
Amounts owed to participating interests	176,021	-

	2,421,703	1,925,191

11. Share Capital

	2026	2025 as restated
	£	£
Allotted, Called up and fully paid	10	10

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Sycamore WSM Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

12. Reserves

	Revaluation reserve	Income Statement
	£	£
As at 1 February 2025	177,444	160,342
As at 1 February 2025 as previously stated	177,444	160,342
Prior year adjustment	-	63,107

As at 1 February 2025 as restated	177,444	223,449
223,449

Loss for year	-	(21,502)

Surplus on revaluation	48,916	-

Other comprehensive income for the year	48,916	-

Total comprehensive income for the year	48,916	(21,502 )

As at 31 January 2026	226,360	201,947

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