Albanwise Wallace Estates Limited
Private Limited Company · Cambridge
ActiveUnited KingdomIncorporated 2019Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Group accounts
Net assets
−£9,850,000
Cash
£39,490,000
Turnover
£15,554,000
Profit / loss
−£30,255,000
Current assets
£233,543,000
Creditors < 1 year
£31,576,000
Equity
−£9,850,000
Average employees
Not available
Balance-sheet trend
GBP · consolidatedFinancial 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 · Group · AI-read | 2024-12-31Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | −£9,850,000 | £235,018,000 |
| Equity | −£9,850,000 | £235,018,000 |
| Share capital | £2,198,000 | £2,198,000 |
| Retained earnings | −£73,362,000 | £131,334,000 |
| Assets | ||
| Fixed assets | £227,608,000 | £281,475,000 |
| Intangible assets | £10,000 | £13,000 |
| Property, plant & equipment | £11,000 | £15,000 |
| Investments | £227,587,000 | £281,447,000 |
| Current assets | £233,543,000 | £497,713,000 |
| Cash at bank | £39,490,000 | £38,549,000 |
| Debtors | £22,202,000 | £280,249,000 |
| Stock | £170,003,000 | £171,870,000 |
| Liabilities | ||
| Creditors within one year | £31,576,000 | £30,869,000 |
| Creditors after one year | £366,814,000 | £448,784,000 |
| Provisions | £72,611,000 | £64,517,000 |
| Net current assets | £201,967,000 | £466,844,000 |
| Assets less current liabilities | £429,575,000 | £748,319,000 |
| Profit & loss | ||
| Turnover | £15,554,000 | £15,346,000 |
| Cost of sales | £2,869,000 | £2,833,000 |
| Gross profit | £12,685,000 | £12,513,000 |
| Administrative expenses | £25,932,000 | £7,097,000 |
| Operating profit | −£33,921,000 | £1,820,000 |
| Interest receivable | £5,160,000 | £6,124,000 |
| Interest payable | £21,865,000 | £19,797,000 |
| Profit before tax | −£48,376,000 | −£7,973,000 |
| Tax | −£18,121,000 | £831,000 |
| Profit / loss | −£30,255,000 | −£8,804,000 |
| Dividends | £214,612,000 | — |
| Operating costs | ||
| Depreciation | £3,000 | £33,000 |
| Amortisation | £4,000 | £4,000 |
| Cash flow | ||
| Cash from operations | £4,560,000 | £7,777,000 |
| 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)
- Comparatives
- Prior-year figures were restated
- Principal activity
- The principal activity of the Company is that of a holding company.
- What it does
- property investment · property dealing · ground rent · residential ground rent management (AI keywords)
- The year
- The Group’s principal activity continued to be property investment and dealing through its subsidiaries, including ground rent related activities. The reported result for the year was materially affected by non-cash valuation movements following the directors’ reassessment of ground rent portfolios held within the Group.
- Outlook
- The directors expect the present level of underlying activity to be sustained.
- Auditor
- Gerald Edelman LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Perseverance Limited · Gibraltar
- Ultimate parent
- Perseverance Limited · Gibraltar
- Ultimate controlling party
- the trustees of the Hauteville Trustees Limited (“HTL”)
- Accounts
- Full accounts · FRS 102
- Approved
- 2026-08-12, signed by G Richardson
Subsidiaries (1)
- Wallace Partnership Group Limited · 100 · England & Wales
Related parties (3)
- Phragmites Limited · under the control of Perseverance Limited · balance due from; interest-bearing at base rate and repayable on demand; interest earned on advances · £nil (2024: £84,251,000); interest earned £3,606,000 (2024: £4,308,000)
- Phragmites Limited · under the control of Perseverance Limited · balance due to; interest at base rate plus a margin between 1.25% to 1.75% per annum; total repayable after more than five years £7,984,000 and balance repayable within one year; interest earned on advances · £7,984,000 (2024: £86,206,000); interest £3,977,000 (2024: £4,646,000)
- Hauteville Trustees Ltd. · purchases from related party; year-end balance nil · £15,500 (2024: £15,500); balance £nil (2024: nil)
Borrowings (1)
- long-term loan notes · The loan notes Wallace is required to hold certain cash balances by way of security. · secured on certain cash balances
Directors' report (4)
- L Padulli
- G Richardson
- P Langford · resigned 2025-07-23
- P Jarvis · resigned 2025-07-23
Principal risks (5)
- liquidity
- ability to service debt as it falls due
- ground rent collection
- valuation uncertainty
- leasehold reform
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.