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REGISTERED NUMBER: 09300637 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WALK WITH PATH LIMITED

WALK WITH PATH LIMITED (REGISTERED NUMBER: 09300637)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALK WITH PATH LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: Miss L Pape





REGISTERED OFFICE: 54 Sun Street
Waltham Abbey
Essex
EN9 1EJ





REGISTERED NUMBER: 09300637 (England and Wales)





ACCOUNTANTS: KNIGHT WHEELER LIMITED
Chartered Accountants
54 Sun Street
Waltham Abbey
Essex
EN9 1EJ

WALK WITH PATH LIMITED (REGISTERED NUMBER: 09300637)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 4,170 5,560
Tangible assets 5 1 1
Investments 6 430,335 430,335
434,506 435,896

CURRENT ASSETS
Debtors 7 163,620 53,160
Cash at bank and in hand 24,447 193,409
188,067 246,569
CREDITORS
Amounts falling due within one year 8 (190,017 ) (194,911 )
NET CURRENT (LIABILITIES)/ASSETS (1,950 ) 51,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

432,556

487,554

CREDITORS
Amounts falling due after more than one
year

9

(704,225

)

(687,165

)
NET LIABILITIES (271,669 ) (199,611 )

CAPITAL AND RESERVES
Called up share capital 3 2
Share premium 240,208 240,000
Retained earnings (511,880 ) (439,613 )
SHAREHOLDERS' FUNDS (271,669 ) (199,611 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

WALK WITH PATH LIMITED (REGISTERED NUMBER: 09300637)

BALANCE SHEET - continued
31 December 2024


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 director and authorised for issue on 28 July 2025 and were signed by:





Miss L Pape - Director


WALK WITH PATH LIMITED (REGISTERED NUMBER: 09300637)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Walk with Path 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.

The financial statements are presented in sterling (£) which is also the functional currency for the company and rounded to the nearest £.

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

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Taxation
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.

WALK WITH PATH LIMITED (REGISTERED NUMBER: 09300637)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research activities is recognised as an expense in the period in which it is incurred.

In the event that an internally generated intangible asset arises from the company's development activities then it will be recognised only if all of the following conditions are met:

* an asset is created that can be identified;
* the project from which the asset arises meets the company's criteria for assessing technical feasibility;
* it is probable that the asset created will generate future economic benefits; and
* the development cost of the asset can be measured reliably.

Internally generated intangible assets are amortised on a straight line basis over their useful lives. Where no internally generated intangible asset can be recognised, development expenditure is recognised as an expense in the period in which it is incurred.

Research and development expenditure capitalised in accordance with the above policy is written off over the expected life of the product developments from the point that commercial production of the relevant products commences.

Development costs - 20% straight line.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grants income
Grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss account.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 8 ) .

WALK WITH PATH LIMITED (REGISTERED NUMBER: 09300637)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2024
and 31 December 2024 42,139
AMORTISATION
At 1 January 2024 36,579
Amortisation for year 1,390
At 31 December 2024 37,969
NET BOOK VALUE
At 31 December 2024 4,170
At 31 December 2023 5,560

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2024
and 31 December 2024 2,981
DEPRECIATION
At 1 January 2024
and 31 December 2024 2,980
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 430,335
NET BOOK VALUE
At 31 December 2024 430,335
At 31 December 2023 430,335

WALK WITH PATH LIMITED (REGISTERED NUMBER: 09300637)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,381
Amounts owed by group undertakings 38,012 -
Tax 91,451 40,518
VAT 34,157 11,261
163,620 53,160

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 88,801 35,617
Other loans 19,536 19,536
Trade creditors 40,639 61,455
Amounts owed to group undertakings - 42,606
Other creditors 11,617 6,274
Directors' current accounts 27,225 27,225
Accrued expenses 2,199 2,198
190,017 194,911

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 659,993 659,993
Other creditors 44,232 27,172
704,225 687,165