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Company registration number: 05959591
WayPoint Change Limited
Unaudited filleted financial statements
for the year ended
31 December 2024
WayPoint Change Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
WayPoint Change Limited
Directors and other information
Directors N P D Winks
A P Pearson
Secretary A P Pearson
Company number 05959591
Registered office Lancaster House, 8 Landsgate
Pedmore
Stourbridge
West Midlands
DY8 2SD
Business address Lancaster House, 8 Landsgate
Pedmore
Stourbridge
West Midlands
DY8 2SD
WayPoint Change Limited
Statement of financial position
31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 - 13,189
Investments 6 123,425 620,000
_______ _______
123,425 633,189
Current assets
Debtors 7 4,800 38,405
Cash at bank and in hand 146,356 51,773
_______ _______
151,156 90,178
Creditors: amounts falling due
within one year 8 ( 133,540) ( 93,531)
_______ _______
Net current assets/(liabilities) 17,616 ( 3,353)
_______ _______
Total assets less current liabilities 141,041 629,836
Provisions for liabilities - ( 3,297)
_______ _______
Net assets 141,041 626,539
_______ _______
Capital and reserves
Called up share capital 9 500 500
Profit and loss account 140,541 626,039
_______ _______
Shareholders funds 141,041 626,539
_______ _______
For the year ending 31 December 2024 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:
A P Pearson
Director
Company registration number: 05959591
WayPoint Change Limited
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Lancaster House, 8 Landsgate, Pedmore, Stourbridge, West Midlands, DY8 2SD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the amounts due for consultancy services to third parties during the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles - 4 years straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and loans from related parties.Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
4. Intangible assets
Goodwill Total
£ £
Cost
At 1 January 2024 and 31 December 2024 922,202 922,202
_______ _______
Amortisation
At 1 January 2024 and 31 December 2024 922,202 922,202
_______ _______
Carrying amount
At 31 December 2024 - -
_______ _______
At 31 December 2023 - -
_______ _______
5. Tangible assets
Motor vehicles Total
£ £
Cost
At 1 January 2024 90,440 90,440
Disposals ( 90,440) ( 90,440)
_______ _______
At 31 December 2024 - -
_______ _______
Depreciation
At 1 January 2024 77,251 77,251
Charge for the year 13,189 13,189
Disposals ( 90,440) ( 90,440)
_______ _______
At 31 December 2024 - -
_______ _______
Carrying amount
At 31 December 2024 - -
_______ _______
At 31 December 2023 13,189 13,189
_______ _______
6. Investments
Other investments other than loans Total
£ £
Cost
At 1 January 2024 620,000 620,000
Additions 123,425 123,425
Disposals ( 620,000) ( 620,000)
_______ _______
At 31 December 2024 123,425 123,425
_______ _______
Impairment
At 1 January 2024 and 31 December 2024 - -
_______ _______
Carrying amount
At 31 December 2024 123,425 123,425
_______ _______
At 31 December 2023 620,000 620,000
_______ _______
7. Debtors
2024 2023
£ £
Trade debtors 4,800 38,405
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 64 364
Corporation tax 108,272 59,610
Social security and other taxes 12,556 19,565
Other creditors 12,648 13,992
_______ _______
133,540 93,531
_______ _______
In 2024 other creditors include £11,648 loans from directors (2023 - £11,648 ).
9. Called up share capital
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary A shares of £ 1.00 each 125 125 125 125
Ordinary B shares of £ 1.00 each 125 125 125 125
Ordinary C shares of £ 1.00 each 125 125 125 125
Ordinary D shares of £ 1.00 each 125 125 125 125
_______ _______ _______ _______
500 500 500 500
_______ _______ _______ _______
On the 21 October 2024 the shareholders of the company transferred their entire shareholdings by way of a share for share exchange agreement to Fawnick Investments Limited and Pedmore Capital Limited.
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances to the directors Amounts repaid Balance carried forward
£ £ £ £
N P D Winks ( 2,181) - - ( 2,181)
A P Pearson ( 9,467) - - ( 9,467)
_______ _______ _______ _______
( 11,648) - - ( 11,648)
_______ _______ _______ _______
2023
Balance brought forward Advances to the directors Amounts repaid Balance carried forward
£ £ £ £
N P D Winks 15,264 108,924 ( 126,369) ( 2,181)
A P Pearson ( 864) 79,800 ( 88,403) ( 9,467)
_______ _______ _______ _______
14,400 188,724 ( 214,772) ( 11,648)
_______ _______ _______ _______
11. Related party transactions
During the year, the company sold a motor vehicle to N P D Winks , a director, for the sum of £25,000 being the open market value of the vehicle given its present age and condition.