Company registration number 10982879 (England and Wales)
WOMEN IN BANKING AND FINANCE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
WOMEN IN BANKING AND FINANCE LIMITED
COMPANY INFORMATION
Directors
Ms J Koo
Ms D M Patel
Mrs A M Lane
Ms D Ren
(Appointed 16 October 2024)
Company number
10982879
Registered office
80-83 Long Lane
London
EC1A 9ET
Accountants
Carpenter Box
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
WOMEN IN BANKING AND FINANCE LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
WOMEN IN BANKING AND FINANCE LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WOMEN IN BANKING AND FINANCE LIMITED FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Women in Banking and Finance Limited for the year ended 31 December 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Women in Banking and Finance Limited, as a body, in accordance with the terms of our engagement letter dated 15 October 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Women in Banking and Finance Limited and state those matters that we have agreed to state to the board of directors of Women in Banking and Finance Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Women in Banking and Finance Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Women in Banking and Finance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Women in Banking and Finance Limited. You consider that Women in Banking and Finance Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Women in Banking and Finance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Carpenter Box
4 June 2025
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
WOMEN IN BANKING AND FINANCE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
40,529
76,704
Tangible assets
4
482
810
41,011
77,514
Current assets
Debtors
5
127,662
162,825
Cash at bank and in hand
388,255
227,781
515,917
390,606
Creditors: amounts falling due within one year
6
(289,290)
(297,523)
Net current assets
226,627
93,083
Net assets
267,638
170,597
Reserves
Capital redemption reserve
161,645
161,645
Income and expenditure account
105,993
8,952
Members' funds
267,638
170,597

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 4 June 2025 and are signed on its behalf by:
Ms D M Patel
Director
Company registration number 10982879 (England and Wales)
WOMEN IN BANKING AND FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Women in Banking and Finance Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 80-83 Long Lane, London, EC1A 9ET.

1.1
Reporting period

The comparative period was extended from 30 September 2023 to 31 December 2023 in order to report on a calendar year, therefore the comparatives may not be entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered relevant information, including the company’s principal risks and uncertainties and the impact of subsequent events in making their assessment. true

 

Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.

1.4
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website
3 years straight line
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

WOMEN IN BANKING AND FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
3 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs .

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.9
Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 4 (2023 - 5).

WOMEN IN BANKING AND FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
3
Intangible fixed assets
Website
£
Cost
At 1 January 2024 and 31 December 2024
143,315
Amortisation and impairment
At 1 January 2024
66,611
Amortisation charged for the year
36,175
At 31 December 2024
102,786
Carrying amount
At 31 December 2024
40,529
At 31 December 2023
76,704
4
Tangible fixed assets
Computers
£
Cost
At 1 January 2024 and 31 December 2024
985
Depreciation and impairment
At 1 January 2024
175
Depreciation charged in the year
328
At 31 December 2024
503
Carrying amount
At 31 December 2024
482
At 31 December 2023
810
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
119,420
156,040
Other debtors
1,272
3,301
Prepayments and accrued income
6,970
3,484
127,662
162,825
WOMEN IN BANKING AND FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
-
0
58,100
Corporation tax
-
0
309
Other taxation and social security
25,379
325
Other creditors
2,407
1,956
Accruals and deferred income
261,504
236,833
289,290
297,523
7
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

2024-12-312024-01-01falsefalsefalse04 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMs J KooMs D M PatelMrs A M LaneMs D Ren109828792024-01-012024-12-3110982879bus:Director12024-01-012024-12-3110982879bus:Director22024-01-012024-12-3110982879bus:Director32024-01-012024-12-3110982879bus:Director42024-01-012024-12-3110982879bus:RegisteredOffice2024-01-012024-12-31109828792024-12-31109828792023-12-3110982879core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-12-3110982879core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-12-3110982879core:ComputerEquipment2024-12-3110982879core:ComputerEquipment2023-12-3110982879core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3110982879core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3110982879core:CurrentFinancialInstruments2024-12-3110982879core:CurrentFinancialInstruments2023-12-3110982879core:CapitalRedemptionReserve2024-12-3110982879core:CapitalRedemptionReserve2023-12-3110982879core:RetainedEarningsAccumulatedLosses2024-12-3110982879core:RetainedEarningsAccumulatedLosses2023-12-3110982879core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3110982879core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-01-012024-12-3110982879core:ComputerEquipment2024-01-012024-12-31109828792023-01-012023-12-3110982879core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2023-12-3110982879core:ComputerEquipment2023-12-3110982879bus:CompanyLimitedByGuarantee2024-01-012024-12-3110982879bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3110982879bus:FRS1022024-01-012024-12-3110982879bus:AuditExemptWithAccountantsReport2024-01-012024-12-3110982879bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP