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REGISTERED NUMBER: 12568620 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Waypoint Debt Advisory Limited

Waypoint Debt Advisory Limited (Registered number: 12568620)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Waypoint Debt Advisory Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M E Riley
N J Gregory
J Bannister





SECRETARY: Eroica Asset Management Limited





REGISTERED OFFICE: 4th Floor
17-19 Maddox Street
London
W1S 2QH





REGISTERED NUMBER: 12568620 (England and Wales)





ACCOUNTANTS: Curo Chartered Accountants
Curo House
Greenbox
Westonhall Road
Bromsgrove
Worcestershire
B60 4AL

Waypoint Debt Advisory Limited (Registered number: 12568620)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 384 1,399

CURRENT ASSETS
Debtors 5 45,880 49,882
Cash at bank 89,153 60,199
135,033 110,081
CREDITORS
Amounts falling due within one year 6 43,116 43,718
NET CURRENT ASSETS 91,917 66,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,301

67,762

PROVISIONS FOR LIABILITIES 96 350
NET ASSETS 92,205 67,412

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 91,805 67,012
92,205 67,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:



N J Gregory - Director


Waypoint Debt Advisory Limited (Registered number: 12568620)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Waypoint Debt Advisory Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements are rounded to the nearest £1.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section
1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the
historical cost convention.

Going concern
The financial statements have been prepared on the going concern basis on the grounds that the directors believe that there is sufficient funding in place to support the business for the next twelve months from the date of approval of the financial statements.

Turnover
The amount of turnover is the invoiced value of goods and services supplied to customers, excluding value added
tax, arising from the principal activity of the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost.

Fixtures and fittings - 33% on cost.

Taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss
account except to the extent that it relates to items recognised directly in equity or other comprehensive income,
in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates
enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of
previous years.

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax
assessments in periods different from those in which they are recognised in the financial statements. The
following timing differences are not provided for; differences between accumulated depreciation and tax
allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met;
and differences relating to investments to the extent that it is not probable that they will reverse in the foreseeable
future and the reporting entity is able to control the reversal of the timing difference. Deferred tax is not
recognised on permanent differences arising because certain types of income or expense are non-taxable or are
disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding
income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using
tax rates enacted or substantively enacted at the balance sheet. Deferred tax balances are not discounted.

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.

Waypoint Debt Advisory Limited (Registered number: 12568620)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to
related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other
accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently
at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one
year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount
of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term
instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business
terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at
market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow
discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised
in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an
asset's carrying amount and the present value of established cash flows discounted at the asset's original effective
interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is
the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise
the asset and settle the liability simultaneously.

Waypoint Debt Advisory Limited (Registered number: 12568620)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Provisions and contingencies
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation
that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the
amount of the obligation.

Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Company
becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the
expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments
are eventually made, they are charged to the provision carried in the Balance Sheet.

Contingent liabilities are recognised as a provision when the likelihood of economic outflow is assessed as
probable. Contingent liabilities arise as a result of past events when (i) it is not probable that there will be an
outflow of resources or that the amount cannot be reliably measured at the reporting date or (ii) when the
existence will be confirmed by the occurrence or non-occurrence of uncertain future events not wholly within the
company's control. Contingent liabilities are not recognised as a provision but are instead disclosed in the
financial statements when the likelihood of economic settlement is deemed possible and not probable. Contingent
liabilities are not recognised as a disclosure when the probability of an outflow of resources is remote.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 3,127
DEPRECIATION
At 1 January 2023 1,728
Charge for year 1,015
At 31 December 2023 2,743
NET BOOK VALUE
At 31 December 2023 384
At 31 December 2022 1,399

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,074 29,204
Other debtors 22,806 20,678
45,880 49,882

Waypoint Debt Advisory Limited (Registered number: 12568620)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,262 877
Taxation and social security 23,422 19,021
Other creditors 16,432 23,820
43,116 43,718