Webster Associates Ltd


Directors	Joseph Webster
	Paul Webster


Registered Address	Virginia Villas High Street
	Hartley Wintney
	Hook
	RG27 8NW


Registered Number	12970049 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		29,123		41,983
Investments	4		5,125,845		5,125,845
			5,154,968		5,167,828
Current assets
Debtors	5	194,770		159,584
Cash at bank and on hand		48		98
		194,818		159,682
Creditors amounts falling due within one year	6	(686,411)		(704,998)
Net current assets (liabilities)			(491,593)		(545,316)
Total assets less current liabilities			4,663,375		4,622,512
Creditors amounts falling due after one year	7		(4,704,568)		(5,014,868)
Provisions for liabilities	8		(7,281)		(7,977)
Net assets			(48,474)		(400,333)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(48,574)		(400,433)
Shareholders' funds			(48,474)		(400,333)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 September 2025, and are signed on its behalf by:

Joseph Webster
Director
Registered Company No. 12970049

Webster Associates Ltd

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	The director has confirmed that continued financial support will be available to the company until such time as the company's position improves. The director considers that it is appropriate to prepare the financial statements on a going concern basis.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

	Revenue from sale of goods
	Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to the profit and loss account in the period to which they relate.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost. No amortisation has been provided.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	12		15

3.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 24	49,566	25,364	74,930
Additions	-	817	817
At 31 December 24	49,566	26,181	75,747
Depreciation and impairment
At 01 January 24	14,715	18,232	32,947
Charge for year	8,712	4,965	13,677
At 31 December 24	23,427	23,197	46,624
Net book value
At 31 December 24	26,139	2,984	29,123
At 31 December 23	34,851	7,132	41,983


	The net book value of assets held under hire purchase agreements total £26,138 as at the 31 December 2024 year end.

4.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 January 24	5,125,845	5,125,845
At 31 December 24	5,125,845	5,125,845
Net book value
At 31 December 24	5,125,845	5,125,845
At 31 December 23	5,125,845	5,125,845

	Notes
	¹Other investments other than loans

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	179,653	144,852
Other debtors	7,942	6,172
Prepayments and accrued income	7,175	8,560
Total	194,770	159,584

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	32,803	38,726
Bank borrowings and overdrafts	502,863	616,702
Taxation and social security	121,341	47,393
Other creditors	27,118	-
Accrued liabilities and deferred income	2,286	2,177
Total	686,411	704,998

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	4,704,568	5,014,868
Total	4,704,568	5,014,868

8.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	7,281	7,977
Total	7,281	7,977

9.	Directors advances, credits and guarantees
	At the start of the year one of the directors owed £6171.50 to the company. During the year a further £1,200 was advanced, leaving a balance owed the director at the year end of £7,371.50.

10.	Off-balance sheet arrangements
	The total amount of financial commitments not included in the balance sheet is £3,368,197.29 (2023 - £3,959,546.74). These commitments relate to hire purchase and loan agreement.