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Company Registration No. 11181562 (England and Wales)
Wambrook Advisory Limited Unaudited accounts for the year ended 31 December 2024
Wambrook Advisory Limited Unaudited accounts Contents
Page
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Wambrook Advisory Limited Company Information for the year ended 31 December 2024
Directors
David John Haines Ross Wyndham Badger
Company Number
11181562 (England and Wales)
Registered Office
Ground Floor 45 Pall Mall London SW1Y 5JG United Kingdom
Accountants
Ross Badger Limited Ground Floor 45 Pall Mall London SW1Y 5JG
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Wambrook Advisory Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,954 
5,878 
Investments
25,804,624 
25,804,624 
25,807,578 
25,810,502 
Current assets
Debtors
235,540 
294,727 
Cash at bank and in hand
27,757 
73,561 
263,297 
368,288 
Creditors: amounts falling due within one year
(24,939,914)
(25,111,159)
Net current liabilities
(24,676,617)
(24,742,871)
Net assets
1,130,961 
1,067,631 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,130,861 
1,067,531 
Shareholders' funds
1,130,961 
1,067,631 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by
Ross Wyndham Badger Director Company Registration No. 11181562
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Wambrook Advisory Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Wambrook Advisory Limited is a private company, limited by shares, registered in England and Wales, registration number 11181562. The registered office is Ground Floor, 45 Pall Mall, London, SW1Y 5JG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Functional and presentation currency
The Company's functional and presentational currency is £ sterling.
Foreign currency translation
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Turnover
Turnover comprises revenue recognised by the company in respect of business management consultancy services supplied during the year. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Interest income
Interest income is recognised in profit or loss using the effective interest method.
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Wambrook Advisory Limited Notes to the Accounts for the year ended 31 December 2024
Pension costs
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
Investments
Investments in shares are included at fair value.
Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
8,774 
At 31 December 2024
8,774 
Depreciation
At 1 January 2024
2,896 
Charge for the year
2,924 
At 31 December 2024
5,820 
Net book value
At 31 December 2024
2,954 
At 31 December 2023
5,878 
5
Investments
Other investments 
£ 
Valuation at 1 January 2024
25,804,624 
Valuation at 31 December 2024
25,804,624 
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Wambrook Advisory Limited Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,815 
14,372 
Other debtors
- 
49,686 
13,815 
64,058 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
221,725 
230,669 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(1,601)
(1,591)
Trade creditors
1,205 
6,332 
Taxes and social security
22,455 
35,916 
Loans from directors
24,917,855 
25,070,502 
24,939,914 
25,111,159 
Loans from directors represent loans from shareholders.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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