Wallace Partnership Group Limited
Buying and selling of own real estate · Cambridge
ActiveUnited KingdomIncorporated 2011Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£59,672,000
Cash
£4,057,000
Turnover
—
Profit / loss
£34,374,000
Current assets
£98,069,000
Creditors < 1 year
£85,865,000
Equity
£59,672,000
Average employees
Not available
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3112 months · Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £59,672,000 | £245,862,000 |
| Equity | £59,672,000 | £245,862,000 |
| Share capital | £250,000 | £25,011,000 |
| Retained earnings | £5,851,000 | £167,280,000 |
| Assets | ||
| Fixed assets | £47,468,000 | £233,658,000 |
| Investments | £47,468,000 | £233,658,000 |
| Current assets | £98,069,000 | £13,165,000 |
| Cash at bank | £4,057,000 | £4,058,000 |
| Debtors | £94,012,000 | £9,107,000 |
| Liabilities | ||
| Creditors within one year | £85,865,000 | £961,000 |
| Net current assets | £12,204,000 | £12,204,000 |
| Assets less current liabilities | £59,672,000 | £245,862,000 |
| Profit & loss | ||
| Administrative expenses | £8,000 | £74,000 |
| Operating profit | −£1,008,000 | −£74,000 |
| Interest receivable | £7,000 | £153,000 |
| Profit before tax | £34,374,000 | £11,346,000 |
| Tax | — | −£21,000 |
| Profit / loss | £34,374,000 | £11,325,000 |
| Dividends | £220,564,771,000 | — |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor's emphasis
- The auditor's report draws attention to a specific matter (emphasis of matter)
- Principal activity
- The principal activity of the company during the year under review was to hold investment in subsidiaries.
- What it does
- investment holding · subsidiaries · property investment (AI keywords)
- Auditor
- Gerald Edelman LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Albanwise Wallace Estates Limited · England
- Ultimate parent
- Perseverance Limited · Gibraltar
- Ultimate controlling party
- Perseverance Limited
- Accounts
- FRS 102
- Approved
- 2026-07-29, signed by N Chambers
Subsidiaries (3)
- Wallace Estates Limited · 100 · England & Wales · Property investment
- Wallace Partnership Reversionary Group Holdings Limited · 100 · England & Wales · Property investment
- Gray’s Inn Holdings Limited · 100 · England & Wales · Holding company
Related parties (4)
- group undertakings · group undertaking · Amounts owed by group undertakings; unsecured, interest-bearing and repayable on demand · 94,012 (000s)
- group undertakings · group undertaking · Amounts owed by group undertakings; unsecured, interest-bearing and repayable on demand · 9,107 (000s)
- group undertakings · group undertaking · Amounts owed to group undertakings; unsecured, interest-bearing and repayable on demand unless otherwise agreed between the parties · 85,865 (000s)
- group undertakings · group undertaking · Amounts owed to group undertakings; unsecured, interest-bearing and repayable on demand unless otherwise agreed between the parties · 961 (000s)
Share classes (1)
- 25,010,800 ordinary of £0.01
Principal risks (2)
- uncertainties surrounding the valuation of ground rent investment property and trading stock
- ongoing leasehold reform
Events after the year end (2)
- Subsequent to the year end, it became apparent that the Company would not meet the contractual requirement to issue its financial statements within 180 days (i.e. by 29 June 2026), constituting an event of default under the loan notes. However, a formal waiver was obtained from the noteholder on 30 June 2026, such that the Event of Default is no longer continuing.
- Following the year end, interest due under the Company’s loan notes was not paid on the scheduled payment date of 1 April 2026. A waiver letter was subsequently signed on 8 April 2026 before the expiry of the applicable grace period, such that no event of default occurred.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
2 outstanding chargesFixed · created 2017-03-06
—
OutstandingShares · created 2012-02-15
All monies
OutstandingShow 2 satisfied / released
Shares · created 2012-02-10 · satisfied 2012-02-24
All monies
SatisfiedAll Assets · created 2012-02-10 · satisfied 2017-02-22
All monies
Satisfied