REGISTERED NUMBER: 05404307 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE NIBLETT WHELLAMS PARTNERSHIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L C Whellams

SECRETARY:

L C Whellams

REGISTERED OFFICE:

The Studio

15 Ailesbury Way

Burbage

Marlborough

Wiltshire

SN8 3TD

REGISTERED NUMBER:

05404307 (England and Wales)

ACCOUNTANTS:

Banks & Co Limited

Chartered Certified Accountants

1 Carnegie Road

Newbury

Berkshire

RG14 5DJ

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

42,822

40,723

42,822

40,723

CURRENT ASSETS

Debtors

6

5,917

6,252

Cash at bank

9,415

10,037

15,332

16,289

CREDITORS

Amounts falling due within one year

7

29,244

23,748

NET CURRENT LIABILITIES

(13,912

)

(7,459

)

TOTAL ASSETS LESS CURRENT LIABILITIES

28,910

33,264

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

28,908

33,262

SHAREHOLDERS' FUNDS

28,910

33,264

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 director acknowledges her 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 director and authorised for issue on 11 December 2025 and were signed by:

L C Whellams - Director

1.	STATUTORY INFORMATION

The Niblett Whellams Partnership Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05404307 and its registered office is The Studio, 15 Ailesbury Way, Burbage, Marlborough, Wiltshere, SN8 3TD.

The presentation currency of the financial statements is the pound sterling (£).

Monetary amounts in these financial statements are rounded to the nearest pound.

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 as modified by the revaluation of certain assets.

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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

50% on cost

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 or deferred taxation assets and liabilities are not discounted.

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.

Financial instruments

Basic financial assets, including trade and other receivables, cash and bank balances are initially

recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest

method.

At the end of each reporting period financial assets measured at amortised cost are assessed for

objective evidence of impairment. If an asset is impaired the impairment loss is the difference

between the carrying amount and the present value of the estimated cash flows discounted at the

asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Impairment of financial assets

Impairment of financial assets

If there is a decrease in the impairment loss arising from an event occurring after the impairment

was recognised the impairment is reversed. The reversal is such that the current carrying amount

does not exceed what the carrying amount would have been had the impairment not previously

been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset

expire or are settled; or (b) substantially all the risks and rewards of the ownership of the asset

are transferred to another party; or (c) despite having retained some significant risks and rewards

of ownership, control of the asset has been transferred to another party who has the practical

ability to unilaterally sell the asset to an unrelated third party without imposing additional

restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and loans from fellow group

companies, 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

receipts discounted at market rate of interest.

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

method.

Trade payables are obligations to pay for goods or services that have been acquired in the

ordinary course of business from suppliers. Accounts payable are classified as current liabilities if

payment is due within one year or less. If not, they are presented at amortised cost using the

effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when liability is extinguished, that is when the contractual

obligation is discharged, cancelled or expires.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

978

7,438

8,416

DEPRECIATION

At 1 April 2024

and 31 March 2025

978

7,438

8,416

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

-

-

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

40,723

Revaluations

2,099

At 31 March 2025

42,822

NET BOOK VALUE

At 31 March 2025

42,822

At 31 March 2024

40,723

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2018

1,583

Valuation in 2020

(389

)

Valuation in 2021

3,070

Valuation in 2022

4,982

Valuation in 2023

1,914

Valuation in 2024

(62

)

Valuation in 0

2,099

Cost

29,625

42,822

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,292

5,382

Other debtors

375

620

Prepayments and accrued income

250

250

5,917

6,252

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Social security and other taxes

-

138

VAT

1,243

1,637

Other creditors

9,000

7,984

Director's current account

15,233

11,733

Accrued expenses

3,768

2,256

29,244

23,748

The Director will not seek repayment of the loan in preference to settling other creditors.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

9.	OTHER FINANCIAL COMMITMENTS

The total commitment due under operating leases at the balance sheet date was £250 (2024 - £3,000).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is L C Whellams.