REGISTERED NUMBER: 05644547 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Wetherby Associates Limited

Page

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

4

Notes to the Financial Statements

5

DIRECTORS:

Miss M J Fenton

Mrs C F Flanagan

SECRETARY:

Mrs C F Flanagan

REGISTERED OFFICE:

14 Wetherby Gardens

London

SW5 0JW

REGISTERED NUMBER:

05644547 (England and Wales)

ACCOUNTANTS:

Butler & Co Alresford Limited

Chartered Accountants

The Old Stables

Sutton Manor Farm

Bishop's Sutton

Alresford

Hampshire

SO24 0AA

FIXED ASSETS

Tangible assets

4

910

1,213

CURRENT ASSETS

Debtors

5

60,004

65,291

Prepayments and accrued income

1,275

967

Cash at bank

38,992

43,437

100,271

109,695

CREDITORS

Amounts falling due within one year

6

88,414

94,638

NET CURRENT ASSETS

11,857

15,057

TOTAL ASSETS LESS CURRENT LIABILITIES

12,767

16,270

CREDITORS

Amounts falling due after more than one year

7

(11,944

)

(15,337

)

PROVISIONS FOR LIABILITIES

8

(173

)

(230

)

NET ASSETS

650

703

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

550

603

SHAREHOLDERS' FUNDS

650

703

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 directors acknowledge their 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.

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 18 September 2025 and were signed on its behalf by:

Mrs C F Flanagan - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

100

412

512

Changes in equity

Profit for the year

-

52,191

52,191

Total comprehensive income

-

52,191

52,191

Dividends

-

(52,000

)

(52,000

)

Balance at 31 December 2023

100

603

703

Changes in equity

Profit for the year

-

40,947

40,947

Total comprehensive income

-

40,947

40,947

Dividends

-

(41,000

)

(41,000

)

Balance at 31 December 2024

100

550

650

1.	STATUTORY INFORMATION

Wetherby Associates 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.

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 represents net invoiced sales of goods and services, excluding value added tax, and trade discounts. Debtors includes amounts recoverable on service contracts. Where the outcome of a transaction can be estimated reliably, revenue is recognised by reference to the stage of completion of the transaction at the balance sheet date (in accordance with FRS 102 paragraph 23.14).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Taxation

Taxation for the year comprises current 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

7,458

DEPRECIATION

At 1 January 2024

6,245

Charge for year

303

At 31 December 2024

6,548

NET BOOK VALUE

At 31 December 2024

910

At 31 December 2023

1,213

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

34,880

36,023

Other debtors

-

145

Directors' current accounts

25,124

28,849

VAT

-

274

60,004

65,291

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

BBLS (Bounce Back Loan Scheme)

8,000

8,000

Trade creditors

67,527

70,625

Corporation tax

9,750

13,013

VAT

137

-

Accruals and prepaid income

3,000

3,000

88,414

94,638

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

BBLS (Bounce Back Loan Scheme)

11,944

15,337

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

173

230

Deferred

tax

£

Balance at 1 January 2024

230

Accelerated capital allowances

(57

)

Balance at 31 December 2024

173

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £41,000 (2023 - £52,000) were paid to the directors .

2024

2023

£

£

Amount (from)/due to related party at balance sheet date

Miss M J Fenton - director

(18,559

)

(19,397

)

Mrs C F Flanagan - director

(6,565

)

(9,452

)

11.	ULTIMATE CONTROLLING PARTY

During the period under review the company was under the control Miss M J Fenton and Mrs C F Flanagan, directors and equal shareholders of the company.