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Registration number: 09784489

Wise Owl Counselling and Coaching Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Wise Owl Counselling and Coaching Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Wise Owl Counselling and Coaching Limited

Company Information

Directors

Mrs S L L Newman

Dr C J Newman

Registered office

15 Oxford Street
Southampton
Hampshire
SO14 3DJ

 

Wise Owl Counselling and Coaching Limited

(Registration number: 09784489)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Current assets

 

Cash at bank and in hand

 

1,147

1,253

Creditors: Amounts falling due within one year

5

(918)

(968)

Net assets

 

229

285

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

129

185

Shareholders' funds

 

229

285

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 August 2025 and signed on its behalf by:
 

.........................................
Mrs S L L Newman
Director

 

Wise Owl Counselling and Coaching Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
15 Oxford Street
Southampton
Hampshire
SO14 3DJ

These financial statements were authorised for issue by the Board on 6 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Wise Owl Counselling and Coaching Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Debtors

Current

2025
£

2024
£

 

-

-

5

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

918

967

Other creditors

-

1

918

968

6

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

7

Dividends

2025

2024

£

£

Interim dividend of £48.00 (2024 - £90.00) per ordinary share

4,800

9,000

 

 
 

Wise Owl Counselling and Coaching Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Related party transactions

Summary of transactions with other related parties

During the year the company paid an amount of £312 (2024 - £312) to the directors for use of home as office.

No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.

9

Controlling party

The ultimate controlling party is Mrs S L L Newman and Dr C J Newman who together control 100% of the issued share capital.