Walji & Co Private Clients Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Walji & Co Private Clients Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04633710 . The registered office is Prospect House, 50 Leigh Road, Eastleigh, Hampshire, SO50 9DT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	20% on reducing balance
Computer Equipment	33% on cost

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Walji & Co Private Clients Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2024: 17)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	100,000

As at 31 March 2025	100,000

Net Book Value
As at 31 March 2025	100,000

As at 1 April 2024	100,000

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	52,091	46,691	98,782

As at 31 March 2025	52,091	46,691	98,782

Depreciation
As at 1 April 2024	47,186	46,691	93,877
Provided during the period	981	-	981

As at 31 March 2025	48,167	46,691	94,858

Net Book Value
As at 31 March 2025	3,924	-	3,924

As at 1 April 2024	4,905	-	4,905

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 April 2024	24,100

As at 31 March 2025	24,100

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	24,100

As at 1 April 2024	24,100

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Walji & Co Private Clients Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	44,613	31,976
Prepayments and accrued income	6,933	5,935
Other debtors	43,906	2,970
Directors' loan accounts	-	7,848

	95,452	48,729

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	17,871	11,864
Bank loans and overdrafts	-	10,000
Corporation tax	39,248	-
Other taxes and social security	9,313	7,837
VAT	35,871	21,294
Client retainers (Current liabilities - creditors < 1 year)	14,492	33,599
Other creditors (1)	3,436	3,436
Accruals and deferred income	22,575	5,437
Directors' loan accounts	17,765	3,957

	160,571	97,424

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	12,417

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	101,100	101,100

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Rezahussein Hooda	7,848	4,774	(24,000 )	-	(11,378 )

The above loan is unsecured and repayable on demand. Interest is charged at 2.25%. The loan was repaid on 30 April 2024.

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Walji & Co Private Clients Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Related Party Transactions

Capture L.L.C.-FZ

A company in which Mr R Hooda is a shareholder and director.

During the year the company provided management services amounting to £40,936. A loan of £2,000 was provided in the previous year. As at the year end, £42,936 was outstanding (2024 - £2,000).

Transform Your Profits Ltd

A company in which Mr R Hooda is a shareholder and director.

During the year the company was provided with sub-contracted services amounting to £25,827 (2024 - £75,693). As at the year end £0 (2024 - £0) was outstanding.

Zamin Holdings Ltd

A company in which Mr S Walji is a shareholder and director.

During the year the company was provided with sub-contracted services amounting to £39,478 (2024 - £77,442). At the year end, £3,758 (2024 - £0) was outstanding.

Walji & Co (UK) LLP

A limited liability partnership in which both Mr S Walji and Mr R Hooda are designated members

During the year, the company received consultancy services from Walji & Co (UK) LLP amounting to £40,000 (2024 - £49,000).

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		100,000		100,000
Tangible Assets	5		3,924		4,905
Investments	6		24,100		24,100

			128,024		129,005
CURRENT ASSETS
Debtors	7	95,452		48,729
Cash at bank and in hand		171,190		89,842

		266,642		138,571
Creditors: Amounts Falling Due Within One Year	8	(160,571 )		(97,424 )

NET CURRENT ASSETS (LIABILITIES)			106,071		41,147

TOTAL ASSETS LESS CURRENT LIABILITIES			234,095		170,152

Creditors: Amounts Falling Due After More Than One Year	9		-		(12,417 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(981 )		(932 )

NET ASSETS			233,114		156,803

CAPITAL AND RESERVES
Called up share capital	10		101,100		101,100
Profit and Loss Account			132,014		55,703

SHAREHOLDERS' FUNDS			233,114		156,803