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REGISTERED NUMBER: 00406697 (England)















Financial Statements

For The Year Ended 31 March 2025

for

WALLACE CARTWRIGHT AND COMPANY LIMITED

WALLACE CARTWRIGHT AND COMPANY LIMITED (REGISTERED NUMBER: 00406697)






Contents of the Financial Statements
For The Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WALLACE CARTWRIGHT AND COMPANY LIMITED

Company Information
For The Year Ended 31 March 2025







DIRECTORS: A Krishnamoorthy
A Venkataramani





REGISTERED OFFICE: 118 Piccadilly
London
W1J 7NW





REGISTERED NUMBER: 00406697 (England)





AUDITORS: LBCo Ltd
T/A Lees-Buckley & Co
16 Northfields Prospect
Putney Bridge Road
London
SW18 1PE

WALLACE CARTWRIGHT AND COMPANY LIMITED (REGISTERED NUMBER: 00406697)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,719,299 1,737,246
Investments 5 55,613 55,613
1,774,912 1,792,859

CURRENT ASSETS
Debtors 6 62,366 73,391
Cash at bank and in hand 8,386 13,761
70,752 87,152
CREDITORS
Amounts falling due within one year 7 76,361 82,919
NET CURRENT (LIABILITIES)/ASSETS (5,609 ) 4,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,769,303

1,797,092

CREDITORS
Amounts falling due after more than one
year

8

(59,807

)

(60,870

)

PROVISIONS FOR LIABILITIES 9 (342,933 ) (342,933 )
NET ASSETS 1,366,563 1,393,289

CAPITAL AND RESERVES
Called up share capital 10 150,000 150,000
Non-distributable reserve 11 1,551,418 1,551,418
Profit & loss account 11 (334,855 ) (308,129 )
SHAREHOLDERS' FUNDS 1,366,563 1,393,289

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 25 August 2025 and were signed on its behalf by:





A Krishnamoorthy - Director


WALLACE CARTWRIGHT AND COMPANY LIMITED (REGISTERED NUMBER: 00406697)

Notes to the Financial Statements
For The Year Ended 31 March 2025

1. STATUTORY INFORMATION

Wallace Cartwright and Company Limited is a private company, limited by shares , registered in England. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the invoiced amount of sales of goods and services stated net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - Over the period of the lease
Furniture & Fittings - over 5 years 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 1 ) .

WALLACE CARTWRIGHT AND COMPANY LIMITED (REGISTERED NUMBER: 00406697)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Leasehold Furniture
property & fittings Totals
£    £    £   
COST OR VALUATION
At 1 April 2024
and 31 March 2025 2,000,000 15,787 2,015,787
DEPRECIATION
At 1 April 2024 263,565 14,976 278,541
Charge for year 17,717 230 17,947
At 31 March 2025 281,282 15,206 296,488
NET BOOK VALUE
At 31 March 2025 1,718,718 581 1,719,299
At 31 March 2024 1,736,435 811 1,737,246

Cost or valuation at 31 March 2025 is represented by:

Leasehold Furniture
property & fittings Totals
£    £    £   
Valuation in 2024 2,000,000 15,787 2,015,787

If the leasehold property had not been revalued it would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 105,649 105,649

The leasehold property was valued on an open market basis basis on 31 March 2025 by the directors .

5. FIXED ASSET INVESTMENTS

The fixed asset investment represents the cost of 99.994% of the issued ordinary share capital of W.J. Groom & Co. Limited, a company incorporated in England. This sole subsidiary did not trade in the current or previous year. At the year end its net assets amounted to £59,807 (2024 £60,870) and the loss for the year was £1,063 (2024 £1,200).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Amounts owed by group undertakings 40,335 28,488
Other debtors 8,827 28,416
Taxation & social security 6,392 9,925
Prepayments and accrued income 6,812 6,562
62,366 73,391



WALLACE CARTWRIGHT AND COMPANY LIMITED (REGISTERED NUMBER: 00406697)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 18,287 3,689
Taxation and social security 1,487 -
Other creditors 11,587 34,230
Group contribution - deferred 45,000 45,000
76,361 82,919

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Amounts owed to group undertakings 59,807 60,870

9. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 342,933 342,933

Deferred
tax
£   
Balance at 1 April 2024 342,933
Balance at 31 March 2025 342,933

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
150,000 Ordinary shares £1 150,000 150,000

11. RESERVES
Profit &
loss Non-distributable
account reserve Totals
£    £    £   

At 1 April 2024 (308,129 ) 1,551,418 1,243,289
Deficit for the year (26,726 ) (26,726 )
At 31 March 2025 (334,855 ) 1,551,418 1,216,563

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lewis Gary Lees-Buckley F.C.A. (Senior Statutory Auditor)
for and on behalf of LBCo Ltd

WALLACE CARTWRIGHT AND COMPANY LIMITED (REGISTERED NUMBER: 00406697)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025

13. RELATED PARTY DISCLOSURES

Turnover derived from transactions with companies of the Amalgamations Private Limited group amounted to £Nil (2024 £5,521).

At the balance sheet date, £40,335 (2024 £24,488) was owed by group companies and £59,807 (2024 £60,870) was owed to group companies.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Amalgamations Private Limited, a company incorporated in India.