REGISTERED NUMBER: 13828656 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

WELBORNE BUSINESS PARK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr D S Dennis

Mr P J Williams

Registered office:

Highridge Farm Hospital Road

Shirrell Heath

Southampton

SO32 2JR

Registered number:

13828656 (England and Wales)

Accountants:

M Squared Accounting Ltd

Botley Mills

Mill Hill

Botley

Southampton

Hampshire

SO30 2GB

Fixed assets

Tangible assets

4

9,522,754

9,157,410

Current assets

Debtors

5

125,606

129,442

Cash at bank and in hand

136,846

184,867

262,452

314,309

Creditors

Amounts falling due within one year

6

561,101

570,104

Net current liabilities

(298,649

)

(255,795

)

Total assets less current liabilities

9,224,105

8,901,615

Creditors

Amounts falling due after more than one year

7

3,887,500

3,772,500

Net assets

5,336,605

5,129,115

Capital and reserves

Called up share capital

100

100

Revaluation reserve

9

5,200,000

5,200,000

Retained earnings

136,505

(70,985

)

5,336,605

5,129,115

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2026 and were signed on its behalf by:

Mr D S Dennis - Director

Mr P J Williams - Director

1.	STATUTORY INFORMATION

Welborne Business Park 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - 2 ).

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 February 2025

8,483,336

658,056

11,718

Additions

260,000

-

91,083

At 31 January 2026

8,743,336

658,056

102,801

DEPRECIATION

At 1 February 2025

-

-

2,930

Charge for year

-

-

4,968

At 31 January 2026

-

-

7,898

NET BOOK VALUE

At 31 January 2026

8,743,336

658,056

94,903

At 31 January 2025

8,483,336

658,056

8,788

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST OR VALUATION

At 1 February 2025

9,495

-

9,162,605

Additions

16,970

7,460

375,513

At 31 January 2026

26,465

7,460

9,538,118

DEPRECIATION

At 1 February 2025

2,265

-

5,195

Charge for year

2,739

2,462

10,169

At 31 January 2026

5,004

2,462

15,364

NET BOOK VALUE

At 31 January 2026

21,461

4,998

9,522,754

At 31 January 2025

7,230

-

9,157,410

Cost or valuation at 31 January 2026 is represented by:

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Valuation in 2025

5,200,000

-

-

Cost

3,543,336

658,056

102,801

8,743,336

658,056

102,801

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Valuation in 2025

-

-

5,200,000

Cost

26,465

7,460

4,338,118

26,465

7,460

9,538,118

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

2026

2025

£

£

Cost

3,360,000

3,100,000

Value of land in freehold land and buildings

3,360,000

3,100,000

Freehold land and buildings were valued on an open market basis on 31 January 2025 by CBRE Ltd .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

3,785

8,375

Other debtors

-

5,000

Directors' current accounts

95,095

70,282

VAT

-

6,554

Prepayments

23,605

36,162

Accrued Income

3,121

3,069

125,606

129,442

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts (see note 8)

315,000

345,000

Trade creditors

13,587

52,068

Tax

32,540

-

VAT

43,660

-

Other creditors

70,903

90,903

Credit Card

1,588

-

Accrued expenses

83,823

82,133

561,101

570,104

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans (see note 8)

3,887,500

3,772,500

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,427,500

3,772,500

8.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

£

Amounts falling due within one year or on demand:

Bank loans

315,000

345,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

115,000

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

345,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,427,500

3,772,500

9.

RESERVES

Revaluation

reserve

£

At 1 February 2025

and 31 January 2026

5,200,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2026

2025

£

£

Mr D S Dennis

Balance outstanding at start of year

35,394

-

Amounts advanced

91,814

35,394

Amounts repaid

(50,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

77,208

35,394

Mr P J Williams

Balance outstanding at start of year

34,888

-

Amounts advanced

39,896

34,888

Amounts repaid

(56,896

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,888

34,888

Interest has been charged on these loans at 3.75% pa, calculated using the averaging method.