Wetherby House Estates Limited

Registered number

10312714

Filleted Accounts

31 January 2026

Wetherby House Estates Limited
Registered number:		10312714
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		3,856,792			3,903,243
Investments	4		500			350
			3,857,292			3,903,593

Current assets
Debtors	5	1,285,507			1,133,418
Cash at bank and in hand		175			95
		1,285,682			1,133,513

Creditors: amounts falling due within one year	6	(1,293,444)			(1,277,970)

Net current liabilities			(7,762)			(144,457)

Total assets less current liabilities			3,849,530			3,759,136

Creditors: amounts falling due after more than one year	7		(2,759,306)			(2,898,826)



Net assets			1,090,224			860,310

Capital and reserves
Called up share capital			100			100
Revaluation reserve	8		683,161			683,161
Profit and loss account			406,963			177,049

Shareholders' funds			1,090,224			860,310

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.




Shamyka Douglas
Director
Approved by the board on 31 October 2026

Wetherby House Estates Limited
Notes to the Accounts
for the year ended 31 January 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			2% p.a.on straight line basis on buildings

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					0		0


3	Tangible fixed assets
								Land and buildings
£
	Cost
	At 1 February 2025							4,179,497
	At 31 January 2026							4,179,497

	Depreciation
	At 1 February 2025							276,254
	Charge for the year							46,451
	At 31 January 2026							322,705

	Net book value
	At 31 January 2026							3,856,792
	At 31 January 2025							3,903,243


	The company has pledged its land and building in favour of Lloyds Bank PLC in connection with the loans provided.

	The valuation of property was made in October 2018 by David Coffer Lyons on an open-market basis. The directors are not aware of any material change in value since the date of the valuation.

	Historical cost of the property is £3,496,336 (2025 - £3,496,336)

4	Fixed Asset Investments					2026		2025
£							£

	Shares in group undertakings and participating interests					500		350

	Fixed Asset Investments not carried at market value
	Equity investments in the subsidiary are not publicly traded and their fair value cannot be measured reliably. They are thus recognised at costs less impairment

	Subsidiaries

	Details of the company's subsidiaries at 31 January 2026 are as follows:

	Name of Undertaking held	Registered		Nature of		Class of		% Held
		Office		Business		Share

	Wetherby House Montessori Kensal	England		Operating a		Ordinary		100
	Rise Limited			day nursery

	Wetherby House Montessori	England		Operating a		Ordinary		100
	Harrow Limited			day nursery

	Wetherby House Montessori	England		Operating a		Ordinary		100
	Limited			day nursery

	Wetherby House Montessori Kensal	England		Operating a		Ordinary		100
	Village Limited			day nursery

	Wetherby House Montessori	England		Operating a		Ordinary		100
	Brondesbury Limitd			day nursery


5	Debtors					2026		2025
£							£

	Corporation Tax Recoverable					236,048		194,595
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					144,479		156,666
	Deferred tax asset					2,121		2,121
	Other debtors					902,859		780,036
						1,285,507		1,133,418


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

	Bank loans and overdrafts					94,824		94,824
	Trade creditors					17,240		28,240
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					820,381		745,337
	Taxation and social security costs					238,444		185,417
	Other creditors					122,555		224,152
						1,293,444		1,277,970

	The above bank loans and overdrafts are secured by fixed and floating charges over the assets of the company and personal guarantee from the directors and shareholders


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					2,759,306		2,898,826

	Above bank loans are secured by fixed and floating charges over the assets of the company and personal guarantee from the directors and shareholders


8	Revaluation reserve					2026		2025
£							£

	At 1 February 2025					683,161		683,161

	At 31 January 2026					683,161		683,161


9	Directors' Transactions

	Dividends totalling £80,000 (2025 - £60,000) were paid in the year in respect of shares held by the company directors


10	Loans to directors
	Description and conditions	B/fwd	Amounts		Interest		C/fwd
Advanced					@3.75%
£			£		£		£

	Directors Current Account	780,036		91,290		31,533		902,859

		780,036		91,290		31,533		902,859


11	Controlling party

	The ultimate controlling party is Mrs S Douglas and Mr K Douglas by virtue of their shareholding and directorship


12	Other information

	Wetherby House Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
	43 Butler Avenue
	Harrow
	London
	HA1 4EJ