REGISTERED NUMBER: 03647945 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WALCOT HOUSE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S Sandberg

Miss A Sandberg

Mr J Sandberg

REGISTERED OFFICE:

Lyneham Heath Studios

Lyneham

Chipping Norton

Oxfordshire

OX7 6QQ

REGISTERED NUMBER:

03647945 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Eden House

Two Rivers Business Park

Witney

Oxfordshire

OX28 4BL

FIXED ASSETS

Tangible assets

4

7,398

10,111

CURRENT ASSETS

Stocks

5

133,005

140,756

Debtors

6

44,960

38,088

Cash at bank and in hand

338,824

315,806

516,789

494,650

CREDITORS

Amounts falling due within one year

7

93,511

82,643

NET CURRENT ASSETS

423,278

412,007

TOTAL ASSETS LESS CURRENT LIABILITIES

430,676

422,118

PROVISIONS FOR LIABILITIES

9

1,538

2,150

NET ASSETS

429,138

419,968

CAPITAL AND RESERVES

Called up share capital

10

10,204

10,204

Retained earnings

418,934

409,764

SHAREHOLDERS' FUNDS

429,138

419,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by:

Mrs S Sandberg - Director

Miss A Sandberg - Director

1.	STATUTORY INFORMATION

The nature of the company's operations and principal activity is that of design, manufacture and sale of innovative and contemporary curtain poles and accessories. The company's principal place of business is Lyneham, Oxfordshire. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

20,695

28,008

20,691

69,394

DEPRECIATION

At 1 April 2024

19,704

21,463

18,116

59,283

Charge for year

248

1,636

829

2,713

At 31 March 2025

19,952

23,099

18,945

61,996

NET BOOK VALUE

At 31 March 2025

743

4,909

1,746

7,398

At 31 March 2024

991

6,545

2,575

10,111

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

133,005

140,756

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

5,949

3,862

Other debtors

37,204

33,125

Prepayments

1,807

1,101

44,960

38,088

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

16,670

7,132

Tax

3,348

8,347

Social security and other taxes

1,985

81

VAT

10,638

11,684

Proposed dividends

3,000

2,000

Other creditors

15,391

376

Directors' current accounts

282

1,823

Accrued expenses

42,197

51,200

93,511

82,643

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

The bank overdraft facility is secured by way of an all assets debenture dated 5 December 2000 in favour of Nat West Bank Plc. In addition, the director Mrs S Sandberg, has provided a personal guarantee for any bank facility in excess of £50,000.

Post year end, this charge was released as fully satisfied on 14th November 2025 by Nat West Bank plc.

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

1,538

2,150

Deferred

tax

£

Balance at 1 April 2024

2,150

Provided during year

(612

)

Reduction in provision

Balance at 31 March 2025

1,538

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

10,000

Ordinary

£1

10,000

10,000

400

Ordinary B

1p

4

4

100

Ordinary C

£1

100

100

100

Ordinary D

£1

100

100

10,204

10,204

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S Sandberg.

Post year end, after a change in share holdings, Alice Sandberg became the ultimate controlling party.