Registered number
11864572
Wellbeloved Investments Limited
Filleted Accounts
31 March 2025
Wellbeloved Investments Limited
Registered number: 11864572
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 1,048,289 1,048,289
Current assets
Debtors 4 4,643 4,846
Cash at bank and in hand 14,072 13,653
18,715 18,499
Creditors: amounts falling due within one year 5 (379,304) (389,502)
Net current liabilities (360,589) (371,003)
Total assets less current liabilities 687,700 677,286
Creditors: amounts falling due after more than one year 6 (589,715) (589,715)
Net assets 97,985 87,571
Capital and reserves
Called up share capital 100 100
Profit and loss account 97,885 87,471
Shareholders' funds 97,985 87,571
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Allan John Kenneth White
Director
Approved by the board on 7 May 2025
Wellbeloved Investments Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Fixtures, fittings, tools and equipment over 5 years
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company - -
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 1,048,289
At 31 March 2025 1,048,289
Amortisation
At 31 March 2025 -
Net book value
At 31 March 2025 1,048,289
At 31 March 2024 1,048,289
4 Debtors 2025 2024
£ £
Other debtors 4,643 4,846
5 Creditors: amounts falling due within one year 2025 2024
£ £
Directors account 357,217 366,680
Corporation tax 4,319 5,396
Other creditors 17,768 17,426
379,304 389,502
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 589,715 589,715
7 Other information
Wellbeloved Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
29 Veals Mead
Mitcham
Surrey
CR4 3SB
Wellbeloved Investments Limited 11864572 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2024 Allan John Kenneth White No description of principal activity 11864572 2023-04-01 2024-03-31 11864572 core:WithinOneYear 2024-03-31 11864572 core:AfterOneYear 2024-03-31 11864572 core:ShareCapital 2024-03-31 11864572 core:RetainedEarningsAccumulatedLosses 2024-03-31 11864572 2024-04-01 2025-03-31 11864572 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11864572 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11864572 bus:Director40 2024-04-01 2025-03-31 11864572 1 2024-04-01 2025-03-31 11864572 2 2024-04-01 2025-03-31 11864572 countries:England 2024-04-01 2025-03-31 11864572 bus:FRS102 2024-04-01 2025-03-31 11864572 bus:FilletedAccounts 2024-04-01 2025-03-31 11864572 2025-03-31 11864572 core:WithinOneYear 2025-03-31 11864572 core:AfterOneYear 2025-03-31 11864572 core:ShareCapital 2025-03-31 11864572 core:RetainedEarningsAccumulatedLosses 2025-03-31 11864572 core:Goodwill 2025-03-31 11864572 2024-03-31 11864572 core:Goodwill 2024-03-31 iso4217:GBP xbrli:pure