Company No: 05343355 (England and Wales)

Contents

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

DIRECTORS	J P Bailey Burnley
	M Sewell

REGISTERED OFFICE	Wey Court West
	Union Road
	Surrey
	GU9 7PT
	Farnham
	United Kingdom

COMPANY NUMBER

05343355 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	31.01.2025		31.01.2024
		£		£
Fixed assets
Tangible assets	3	20		26
Investment property	4	848,881		848,881
		848,901		848,907
Current assets
Debtors	5	2,318		2,362
Cash at bank and in hand		8,288		10,998
		10,606		13,360
Creditors: amounts falling due within one year	6	( 102,796)		( 101,104)
Net current liabilities		(92,190)		(87,744)
Total assets less current liabilities		756,711		761,163
Creditors: amounts falling due after more than one year	7	( 416,023)		( 416,023)
Net assets		340,688		345,140
Capital and reserves
Called-up share capital		2		2
Revaluation reserve		334,651		334,651
Profit and loss account		6,035		10,487
Total shareholders' funds		340,688		345,140

For the financial year ending 31 January 2025 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 Statement of Comprehensive Income has not been delivered.

The financial statements of Walk the Talk Limited (registered number: 05343355) were approved and authorised for issue by the Board of Directors on 23 October 2025. They were signed on its behalf by:

M Sewell 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

Walk the Talk 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 Wey Court West, Union Road, Surrey, GU9 7PT, Farnham, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings

25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

2. Employees

	31.01.2025		31.01.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 February 2024	4,681		4,681
At 31 January 2025	4,681		4,681
Accumulated depreciation
At 01 February 2024	4,655		4,655
Charge for the financial year	6		6
At 31 January 2025	4,661		4,661
Net book value
At 31 January 2025	20		20
At 31 January 2024	26		26

4. Investment property

	Investment property
	£
Valuation
As at 01 February 2024	848,881
As at 31 January 2025	848,881

The 2025 valuations were made by the directors, on an open market value for existing use basis.

5. Debtors

	31.01.2025		31.01.2024
	£		£
Prepayments	2,318		2,362

6. Creditors: amounts falling due within one year

	31.01.2025		31.01.2024
	£		£
Accruals	4,751		3,058
Other creditors	98,045		98,046
	102,796		101,104

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

	31.01.2025		31.01.2024
	£		£
Bank loans	416,023		416,023