REGISTERED NUMBER: 00209304 (England and Wales)

WELSH THEOSOPHICAL TRUST LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Marsland

J Winter

SECRETARY:

D Marsland

REGISTERED OFFICE:

206 Newport Road

CARDIFF

County of Cardiff

CF24 1DL

REGISTERED NUMBER:

00209304 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

3,072

3,484

Investments

5

88,172

49,216

91,244

52,700

CURRENT ASSETS

Debtors

6

703

2,690

Cash at bank

1,156

705

1,859

3,395

CREDITORS

Amounts falling due within one year

7

(3,360

)

(2,401

)

NET CURRENT (LIABILITIES)/ASSETS

(1,501

)

994

TOTAL ASSETS LESS CURRENT LIABILITIES

89,743

53,694

PROVISIONS FOR LIABILITIES

(12,273

)

(6,018

)

NET ASSETS

77,470

47,676

RESERVES

Non distributable reserve

56,304

23,602

Retained earnings

21,166

24,074

77,470

47,676

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

D Marsland - Director

1.	STATUTORY INFORMATION

Welsh Theosophical Trust Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation 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 as modified by the revaluation of certain assets.

There have been no material departures from Financial Reporting Standard 102 1A.

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

15% on reducing balance

Freehold Land and Buildings

1.85% on straight line basis

Current tax

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Investments

Investments are included at fair value. Gains are recognised in the profit and loss statement. Deferred tax is provided on these gains at the rate expected to apply when the asset is sold.

Non-derivative financial instruments

Basic financial instruments are recognised at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

Land and

and

Buildings

Fittings

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

21,759

2,184

23,943

DEPRECIATION

At 1 January 2024

18,311

2,148

20,459

Charge for year

403

9

412

At 31 December 2024

18,714

2,157

20,871

NET BOOK VALUE

At 31 December 2024

3,045

27

3,072

At 31 December 2023

3,448

36

3,484

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

49,216

Revaluations

38,956

At 31 December 2024

88,172

NET BOOK VALUE

At 31 December 2024

88,172

At 31 December 2023

49,216

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2024

88,172

Listed investments are valued at the current bid price at the balance sheet date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

703

2,690

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Directors' current accounts

2,160

-

Accruals and deferred income

1,200

2,401

3,360

2,401

8.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. Each member undertakes to contribute not more than 50 pence if required in the event of the winding up of the company.

Membership of the Company is comprised of the Regional Secretary, Treasurer and other members of the Regional Council of the Theosophical Society in Wales and any Fellow of that Society admitted by the Directors.