Company No: 13813676 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr R R Belger
	Mr M J Bissett
	Mr J F Thompson

REGISTERED OFFICE	264 Banbury Road
	Summertown
	Oxford
	OX2 7DY
	United Kingdom

COMPANY NUMBER

13813676 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	264 Banbury Road
	Oxford
	OX2 7DY
	United Kingdom

	Note	2024		2023
		£		£
Fixed assets
Investments	3	281,080		281,080
		281,080		281,080
Current assets
Debtors	4	103,143		54,594
Cash at bank and in hand		7		947
		103,150		55,541
Creditors: amounts falling due within one year	5	( 221,646)		( 173,108)
Net current liabilities		(118,496)		(117,567)
Total assets less current liabilities		162,584		163,513
Net assets		162,584		163,513
Capital and reserves
Called-up share capital	6	100,950		100,950
Share premium account		71,760		71,760
Profit and loss account		( 10,126 )		( 9,197 )
Total shareholders' funds		162,584		163,513

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Wisdom in Practice Group Limited (registered number: 13813676) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

Mr J F Thompson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wisdom in Practice Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 264 Banbury Road, Summertown, Oxford, OX2 7DY, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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.

Basic financial liabilities
Basic financial liabilities, including creditors, 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 payments discounted at a market rate of interest.

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

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

	2024		2023
	Number		Number
The company had no employees other than the directors, who received no remuneration from the company.	0		0

3. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	281,080
At 31 December 2024	281,080
Carrying value at 31 December 2024	281,080
Carrying value at 31 December 2023	281,080

4. Debtors

	2024		2023
	£		£
Amounts owed by Group undertakings	103,043		54,394
Other debtors	100		200
	103,143		54,594

At the period end the company was owed £103,043 (2023: £53,964) from HWL Innovation Limited, a company in which J F Thompson, R R Belger and M J Bissett are directors. This amount is interest free and repayable on demand.

At the period end the company was owed £926 (2023: £430) from Advisory 101 Limited, a 100% subsidiary company in which J F Thompson and M J Bissett are directors. This amount is interest free and repayable on demand.

Included in other debtors is £100 (2023: £200) owed by J F Thompson. This amount is amount is interest free and repayable on demand.

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to Group undertakings	201,746		169,490
Amounts owed to directors	19,900		0
Other creditors	0		3,618
	221,646		173,108

At the year end the company owed £169,246 (2023: £169,490) to XPE Ltd, a company in which R R Belger and J F Thompson are directors. This amount is interest free and repayable on demand.

At the year end the company owed £32,500 (2023: £Nil) to F3C Advantage Limited, a company in which J F Thompson, R R Belger and M J Bisset are directors. This loan is interest free and repayable on demand.

6. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
950 Ordinary shares of £ 1.00 each	950		950
100,000 3.00% Cumulative preference shares of £ 1.00 each	100,000		100,000
	100,950		100,950

7. Related party transactions

During the year the company wrote off £926 owed from Advisory 101 Limited, a 100% wholly owned subsidiary of Wisdom in Practice Limited.