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REGISTERED NUMBER: 07439741 (England and Wales)


















Wellgrove Trading Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Wellgrove Trading Limited (Registered number: 07439741)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wellgrove Trading Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R W G Yerburgh
Mrs J Yerburgh





REGISTERED OFFICE: 1 Bell Street
2nd Floor
London
NW1 5BY





REGISTERED NUMBER: 07439741 (England and Wales)





ACCOUNTANTS: DSJ Partners (UK) Limited
2nd Floor
1 Bell Street
London
NW1 5BY

Wellgrove Trading Limited (Registered number: 07439741)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,182 2,659
Investments 5 16,919 16,919
19,101 19,578

CURRENT ASSETS
Debtors 6 53,591 213,392
Cash at bank 400 361
53,991 213,753
CREDITORS
Amounts falling due within one year 7 (236,700 ) (380,868 )
NET CURRENT LIABILITIES (182,709 ) (167,115 )
TOTAL ASSETS LESS CURRENT LIABILITIES (163,608 ) (147,537 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (163,609 ) (147,538 )
SHAREHOLDERS' FUNDS (163,608 ) (147,537 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 23 May 2025 and were signed on its behalf by:





R W G Yerburgh - Director


Wellgrove Trading Limited (Registered number: 07439741)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Wellgrove Trading 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.

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 directors have considered the going concern basis for preparing the financial statements on the grounds that at the year end there was a net current liability of £182,709 \2023 : £167,115\.

The shareholders of the company have undertaken to continue to provide the company with such financial support to trade and to meet its obligation as they fall due. Having regard to this financial support, the directors are of the opinion that it is appropriate for the accounts to be prepared on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Wellgrove Trading Limited (Registered number: 07439741)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 9,746 1,728 11,474
DEPRECIATION
At 1 April 2023 7,858 957 8,815
Charge for year 284 193 477
At 31 March 2024 8,142 1,150 9,292
NET BOOK VALUE
At 31 March 2024 1,604 578 2,182
At 31 March 2023 1,888 771 2,659

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Paintings 16,919 16,919

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 53,591 213,392

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,628 3,628
Taxation and social security 53,523 53,523
Other creditors 179,549 323,717
236,700 380,868

8. RELATED PARTY DISCLOSURES

At the year end the balance owed to Mr Yerburgh was £170,468 \ 2023: Nil\ and Mrs Yerburgh was owed £6,831 \2023: £6,831\.