WALLACE PARTNERSHIP REVERSIONARY GROUP HOLDINGS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Gerald Edelman LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors continually monitor the UK group's and company's financial position, using long-range cashflow forecasts to ensure the company is able to continue to meet its long-term objectives. For these reasons the directors continue to adopt the going concern basis of accounting in preparing the financial statements. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Notwithstanding this, the directors are satisfied and confident that the company has sufficient funds available to cover all interest, capital repayments and creditor balances as they fall due for a reasonably foreseeable period of time, being as a minimum for a period of at least 12 months from the date of sign-off of these financial statements.”

Group structure

1. WALLACE PARTNERSHIP REVERSIONARY GROUP HOLDINGS LIMITED · parent
   1. Bushcharm Limited 100% · England & Wales · invest in and manage residential freehold titles
   2. Ringwood Investments Limited 100% · England & Wales · invest in and manage residential freehold titles
   3. Cherrybase Properties Limited 100% · England & Wales · invest in and manage residential freehold titles
   4. Cavernlodge Limited 100% · England & Wales · invest in and manage residential freehold titles
   5. MB 2005 No 1 Limited 100% · England & Wales · invest in and manage residential freehold titles
   6. WEL (No 1) Limited 100% · England & Wales · invest in and manage residential freehold titles

Significant events

• “On 24 May 2024 the Leasehold and Freehold Reform Act also received Royal Assent which amongst other things, extends the period of lease extensions to 990 years, makes changes to the calculations in enfranchisement premiums (including the re-allocation of marriage value) and which bans the future creation of leasehold houses.”
• “The government has enacted the Leasehold Reform (Ground Rent) Act 2022 which reduces the ground rent to a peppercorn on all new residential long leases. This does not apply retrospectively but does restrict the ability to generate income beyond the term of the existing lease.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -5.9%

  £4,939,000 → £4,647,000

• Cash

  -10.5%

  £24,806,000 → £22,193,000

• Net assets

  -4.5%

  £68,509,000 → £65,440,000

• Employees

  —

  Not reported

• Operating profit

  -2.4%

  £3,689,000 → £3,602,000

• Profit before tax

  +62.8%

  £3,470,000 → £5,650,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers