REGISTERED NUMBER: 06449387 (England and Wales)

Wheatley Books Limited

Financial Statements for the Year Ended 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dominic Marius Dennis Anthony Wheatley

Anouska Spiers

REGISTERED OFFICE:

77 Station Road

Petersfield

Hampshire

GU32 3FQ

REGISTERED NUMBER:

06449387 (England and Wales)

ACCOUNTANTS:

Sheen Stickland

Chartered Accountants

2 Oriel Court

Omega Park

Alton

Hampshire

GU34 2YT

CURRENT ASSETS

Debtors

5

3,668

4,009

Cash at bank

11,653

9,265

15,321

13,274

CREDITORS

Amounts falling due within one year

6

12,483

9,801

NET CURRENT ASSETS

2,838

3,473

TOTAL ASSETS LESS CURRENT LIABILITIES

2,838

3,473

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,738

3,373

2,838

3,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

Nicholas Dudek - Director

1.	STATUTORY INFORMATION

Wheatley Books 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises revenue receivable by the Company in respect of royalties and advances receivable from the exploitation of intellectual property in connection with rights, titles and interest held by the Company in literary estates, exclusive of Value Added Tax.

Revenue in respect of royalties and advances receivable is recognised as and when the Company receives notification of amounts due during the reporting period with amounts accrued and/or deferred, where applicable, in accordance with the terms of the underlying contract.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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.

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.

Functional and presentational currency

Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the Company operates (the "functional currency").

The functional currency of the Company, and the currency in which the financial statements are presented (the "presentational currency"), is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

20,000

AMORTISATION

At 1st January 2024

and 31st December 2024

20,000

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

14

567

Amounts falling due after more than one year:

Tax

3,654

3,442

Aggregate amounts

3,668

4,009

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

358

214

Amounts owed to group undertakings

7,629

7,269

Taxation and social security

346

8

Other creditors

4,150

2,310

12,483

9,801

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the Company owed £7,269 (2023: £7,269) to fellow group undertakings; the group of which the Company is a non-wholly owned undertaking of. Amounts owed are unsecured, non interest bearing and repayable on demand with no fixed date for repayment.

There were no other related party transactions and/or period end balances to report in accordance with the Companies Act 2006 and Section 1A of Financial Reporting Standard 102 as part of these financial statements.

8.	ULTIMATE CONTROLLING PARTY

The Company's immediate parent company is WorldWrites Holdings Limited, a company incorporated under the UK Companies Act 2006 which holds a 60% interest in the total voting rights of the Company.

The parent undertaking of the smallest group to consolidate these financial statements is FBT Holdings LLC. FBT Holdings LLC is the Company's ultimate parent undertaking and whose registered business address is 630 9th Avenue, Suite 1101, New York, NY 10036.