Registration number: 03524295

Walkglade Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Walkglade Limited

(Registration number: 03524295)
Balance Sheet as at 31 December 2024

	Note	2024 £		(As restated) 2023 £
Fixed assets
Tangible assets	4		764		1,348
Investment property	5		220,000		420,000
			220,764		421,348
Current assets
Debtors	6	4,498,942		4,151,519
Cash at bank and in hand		299,506		85,113
		4,798,448		4,236,632
Creditors: Amounts falling due within one year	7	(176,635)		(134,876)
Net current assets			4,621,813		4,101,756
Net assets			4,842,577		4,523,104
Capital and reserves
Called up share capital	8	90		90
Retained earnings		4,842,487		4,523,014
Shareholders' funds			4,842,577		4,523,104

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:
 

......................................... J Spolnik Director

Walkglade Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o York House
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PE

These financial statements were authorised for issue by the Board on 29 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Prior period errors

A prior year adjustment has been made to gross up the loan balance to include accrued interest that was previously omitted. This adjustment has impacted the reported profit for the prior period, resulting in changes to the opening reserves for the current period and affecting the associated tax calculations. The financial implications of this adjustment are detailed below.

	Relating to the current period disclosed in these financial statements £	Relating to the prior period disclosed in these financial statements £	Relating to periods before the prior period disclosed in these financial statements £
Other loan interest receiveable	-	(113,475)	-
Other Debtors	-	113,475	-
Corporation tax charge	-	30,100	-
Taxation creditor	-	(30,100)	-

Page 2

Walkglade Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. Valuations are based on observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Walkglade Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

Walkglade Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	9,492	9,492
At 31 December 2024	9,492	9,492
Depreciation
At 1 January 2024	8,144	8,144
Charge for the year	584	584
At 31 December 2024	8,728	8,728
Carrying amount
At 31 December 2024	764	764
At 31 December 2023	1,348	1,348

5	Investment properties

	2024 £
At 1 January	420,000
Disposals	(200,000)
At 31 December	220,000

6

Debtors

Current	2024 £	(As restated) 2023 £
Trade debtors	13,798	13,798
Prepayments	945	844
Other debtors	4,484,199	4,136,877
	4,498,942	4,151,519

Walkglade Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	2024 £	(As restated) 2023 £
Due within one year
Trade creditors	8,293	2,448
Taxation and social security	109,257	62,317
Accruals and deferred income	35,210	46,236
Other creditors	23,875	23,875
	176,635	134,876

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Share capital of £1 each	90	90	90	90

9	Related party transactions

2024	At 1 January 2024 £	Advances to director £	At 31 December 2024 £
Directors interest free loan	3,575	5,760	9,335

2023	At 1 January 2023 £	Advances to director £	At 31 December 2023 £
Directors interest free loan	164	3,411	3,575