WAIN ESTATES (LAND) 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

• Turnover

  +80.8%

  £26,000 → £47,000

• Cash

  -28.3%

  £53,000 → £38,000

• Net assets

  -1,232.7%

  -£395,000 → -£5,264,000

• Employees

  —

  Not reported

• Operating profit

  -368%

  -£1,041,000 → -£4,872,000

• Profit before tax

  -367.7%

  -£1,041,000 → -£4,869,000

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. WAIN ESTATES (LAND) LIMITED 2021-10-01 → present
2. HIMOR (LAND) LIMITED 2012-08-10 → 2021-10-01
3. STRATMOR LIMITED 2011-12-14 → 2012-08-10
4. HIMOR ESTATES LIMITED 2011-11-30 → 2011-12-14

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company's business activities, together with factors which the directors consider are likely to affect its development, financial performance and financial position are set out in the Directors' Report. The company is a member of the Wain Estates Group of companies headed by Wain Estates Limited. The Wain Estates Group manages its funding requirements and cashflow management on a group wide basis. As a member of the Wain Estates Group, the Group meets its day-to-day working capital requirements through Wain Estates Group operating cash flows and borrowings provided to the Wain Estates Group by a loan from Wain Group Limited. The Wain Estates Group has maintained adequate cash headroom throughout the period. The group finished the 12 months to 30 September 2024 with a strong cash and net asset position. At the 30 September 2024 there are significant cash reserves and no bank facility was required. The UK Bank of England base rate has started to fall which is expected to positively impact property valuations and the investment market. Occupational conditions remain positive in the industrial and open storage land sectors where the majority of the Wain Estates Group rents are generated. There is still a general undersupply in the UK, and this coupled with healthy demand means the outlook remains encouraging. Wain Estates Group has prepared a financial forecast for the next 2 years based on the best available information at the time of approving these financial statements which reflects the current trading environment, "the base case", with a severe but plausible downside sensitised forecast of monthly forecasting adjusted to take into account the potential impact of expected receipts in the next financial year being received later than expected, "the sensitised case". In both the base case and the sensitised case the Wain Estates Group is able to demonstrate its ability to meet all its liabilities as they fall due. The company does rely on loans from the Wain Estates Group of companies and has received confirmation from Wain Estates Limited that sufficient funding will continue to be made available to enable the company to meet its liabilities as they fall due for payment for at least the next twelve months from the date of approval of these financial statements. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Accordingly, the directors have a reasonable expectation that the group and company have adequate resources to continue in operational existence and meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements, and consequently they consider that it is appropriate to adopt the going concern basis of preparation.”

Group structure

1. WAIN ESTATES (LAND) LIMITED · parent
   1. Swinton Park Golf and Country Club 2017 Limited 100% · England and Wales · Buying and selling of own real estate
   2. BSL Strategic Limited 100% · England and Wales · Land promotion
   3. Grassy Lane (Wolverhampton) Limited 100% · England and Wales · Land promotion
   4. Hopton Road (Barningham) Limited 100% · England and Wales · Land promotion
   5. Long Lane (Costessey) Limited 100% · England and Wales · Land promotion
   6. New Road (Costessey) Limited 100% · England and Wales · Land promotion
   7. North West Horsham Estates Limited 100% · England and Wales · Land promotion
   8. Worcester Parkway (Stoulton) Limited 100% · England and Wales · Land promotion

Significant events

• “During the year, the company recognised impairment of £860,000 (2023: £Nil) in relation to the downward revaluation of Great Barr due to planning being rejected.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

0

last 12 months

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