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Registered number: 05887781

Walter May Ltd

ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024

Prepared By:
Nicholas Ridge CTA
Oakleaf
Ludwells Lane
Waltham Chase
Hampshire
SO32 2NP

Walter May Ltd

ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024
DIRECTORS
M Ali Esq
REGISTERED OFFICE
71-75 Shelton Street
London
WC2H 9JQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05887781
ACCOUNTANTS
Nicholas Ridge CTA
Oakleaf
Ludwells Lane
Waltham Chase
Hampshire
SO32 2NP

Walter May Ltd

ACCOUNTS
FOR THEYEARENDED31 JULY 2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Walter May Ltd

BALANCE SHEET AT 31 July 2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,9941,994
CURRENT ASSETS
Debtors473,06164,434
Cash at bank and in hand3242,549
73,38566,983
CREDITORS: Amounts falling due within one year557,69057,171
NET CURRENT ASSETS15,6959,812
TOTAL ASSETS LESS CURRENT LIABILITIES17,68911,806
CREDITORS: Amounts falling due after more than one year624,30222,399
NET LIABILITIES(6,613)(10,593)
CAPITAL AND RESERVES
Called up share capital71,0531,053
Profit and loss account(7,666)(11,646)
SHAREHOLDERS' FUNDS(6,613)(10,593)
For the year ending 31 July 2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28 April 2025 and signed on their behalf by
.............................
M Ali Esq
Director

Walter May Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment 25%
2. EMPLOYEES
20242023
No.No.
Average number of employees12
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 1 August 202331,25631,256
At 31 July 202431,25631,256
Depreciation
At 1 August 202329,26229,262
At 31 July 202429,26229,262
Net Book Amounts
At 31 July 20241,9941,994
At 31 July 20231,9941,994

Walter May Ltd

4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors51,3601,194
UK corporation tax-3,205
Other debtors-20,043
Accrued income21,06639,992
Directors current account635-
73,06164,434
Trade debtors represents balances due from WMTech Partners LLP for consultancy and admin services. Accrued income £21066 (2023 - £39992) represents the company's undrawn profit share from WMTech Partners LLP.
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1-
VAT17,59810,904
Directors current account-3,865
Loans37,59139,902
Accruals2,5002,500
57,69057,171
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr24,30222,399
24,30222,399
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
53 Class B shares of £1 each5353
1,0531,053

Walter May Ltd

8. RELATED PARTY TRANSACTIONS
The company provided consultancy and admin services to WMTech Partners LLP of £30000 (2023 - £20000). Both the company and the company director are Members of WMTech Partners LLP.
No royalties were payable by WMTech Partners LLP (2023 - £22600).
No profit share is due from WMTech Partners LLP (2023 - nil).