WTI Advisors Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05374507

WTI Advisors Limited

Filleted Unaudited Financial Statements

31 December 2024

WTI Advisors Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	2,797	3,143
Investments	6	1,714	1,714
		-------	-------
		4,511	4,857

Current assets

Debtors	7	784,257	142,530
Cash at bank and in hand		97,404	233,445
		---------	---------
		881,661	375,975

Creditors: amounts falling due within one year	8	722,301	333,279
		---------	---------
Net current assets		159,360	42,696
		---------	--------
Total assets less current liabilities		163,871	47,553

Creditors: amounts falling due after more than one year	9	25,030	33,948
		---------	--------
Net assets		138,841	13,605
		---------	--------

Capital and reserves

Called up share capital	4	4
Profit and loss account	138,837	13,601
	---------	--------
Shareholders funds	138,841	13,605
	---------	--------

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.

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 .

WTI Advisors Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr H Schloemann

Director

Company registration number: 05374507

WTI Advisors 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 and Wales. The address of the registered office is John Eccles House, Robert Robinson Avenue, Oxford Science Park, Oxford, OX4 4GP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The directors consider it appropriate to prepare the accounts on a going concern basis due to their continued support.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:

	Equipment	-	33% straight line

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 11 (2023: 6 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 January 2024	22,432	22,432
Additions	1,148	1,148
	--------	--------
At 31 December 2024	23,580	23,580
	--------	--------
Depreciation
At 1 January 2024	19,289	19,289
Charge for the year	1,494	1,494
	--------	--------
At 31 December 2024	20,783	20,783
	--------	--------
Carrying amount
At 31 December 2024	2,797	2,797
	--------	--------
At 31 December 2023	3,143	3,143
	--------	--------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	1,714
	-------
Impairment
At 1 January 2024 and 31 December 2024	–
	-------

Carrying amount
At 31 December 2024	1,714
	-------
At 31 December 2023	1,714
	-------

7. Debtors

	2024	2023
	£	£
Trade debtors	–	5,734
Other debtors	784,257	136,796
	---------	---------
	784,257	142,530
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	14,203	20,213
Trade creditors	72,500	103,082
Amounts owed to group undertakings and undertakings in which the company has a participating interest	515,078	85,741
Corporation tax	42,753	3,800
Social security and other taxes	19,597	3,654
Other creditors	58,170	116,789
	---------	---------
	722,301	333,279
	---------	---------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	25,030	33,948
	--------	--------

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/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Ms H Hijazi	( 42,281)	46,717	–	4,436
Mr H Schloemann	( 42,177)	42,642	–	465
	--------	--------	----	-------
	( 84,458)	89,359	–	4,901
	--------	--------	----	-------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Ms H Hijazi	( 26,548)	–	( 15,733)	( 42,281)
Mr H Schloemann	( 26,930)	–	( 15,247)	( 42,177)
	--------	----	--------	--------
	( 53,478)	–	( 30,980)	( 84,458)
	--------	----	--------	--------