| Registered Number:11659195 |
For the year ended 30 April 2025
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2025
Wearthde Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Wearthde Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
5,002,493
10,189,987
2
-
1,499,816
3
6,502,309
10,189,987
| Trade and other receivables |
22
4,360
4
22,287
| Cash and cash equivalents |
21,806
26,166
22,309
| Trade and other payables: amounts falling due within one |
| year |
(5,955,104)
(2,615,228)
5
(5,932,795)
(2,589,062)
Net current liabilities
| Total assets less current liabilities |
3,913,247
4,257,192
| Trade and other payables: amounts falling due after more |
| than one year |
(1,425,524)
(1,584,721)
6
(16,875)
(18,758)
| Provisions for liabilities |
2,311,651
Net assets
2,812,910
102
102
2,416,900
2,416,900
(105,351)
395,908
2,311,651
2,812,910
Shareholders' funds
| For the year ended 30 April 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
1 of 5
For the year ended 30 April 2025
Wearthde Limited
Statement of Financial Position Continued
| These financial statements were approved and authorised for issue by the Board on 28 October 2025 and were signed by: |
| The notes form part of these financial statements |
2 of 5
For the year ended 30 April 2025
Wearthde Limited
Notes to the Financial Statements
Statutory Information
| Wearthde Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 11659195. |
39 Linden Lea
London
N2 0RF
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Equipment & Furniture
| No depreciation is provided on the company's investment properties. In the opinion of the directors, the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high, that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
Investment property
Investment properties are shown at most recent valuation, on which their acquisition cost during the year was based.
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
3 of 5
For the year ended 30 April 2025
Wearthde Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
10,219,496
104,541
10,114,955
4,382
4,382
-
-
(5,179,964)
(5,179,964)
4,934,991
108,923
5,043,914
| Provision for depreciation and impairment |
29,509
29,509
-
Charge for year
11,912
11,912
-
41,421
41,421
-
4,934,991
67,502
5,002,493
10,114,955
75,032
10,189,987
| 3. Investments held as fixed assets |
1,499,816
1,499,816
1,499,816
1,499,816
1,499,816
1,499,816
| During the year, the company invested in 1,194,674 Coutts Bank Personal Portfolio Ambitious Fund 3 Accumulation |
| GB units, cost as above. |
| The market value as at 30 April 2025 was £1,387,899. |
| 4. Trade and other receivables |
2024
2025
4,360
22
4 of 5
For the year ended 30 April 2025
Wearthde Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
| Taxation and social security |
2,920
55,467
2,584,718
5,873,405
27,590
26,232
2,615,228
5,955,104
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
| Bank loans and overdraft (secured) |
1,584,721
1,425,524
| 7. Average number of persons employed |
During the year the average number of employees was 2 (2024 : 2)
5 of 5