REGISTERED NUMBER: 08860261 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

WET HOLDINGS (GLOBAL) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M D Adams

Mr D M Bradley

Professor E Lynch

Mr S T Moyes

REGISTERED OFFICE:

Units 3 & 4 Wedgnock Industrial Estate

Welton Rd

Warwick

CV34 5PZ

REGISTERED NUMBER:

08860261 (England and Wales)

ACCOUNTANTS:

SAS Accountant Ltd t/as OJW Associates

16 Hennals Avenue

Webheath

Redditch

Worcestershire

B97 5RX

FIXED ASSETS

Tangible assets

4

23,667

42,934

Investments

5

8

7

23,675

42,941

CURRENT ASSETS

Debtors

6

13,653,263

11,526,324

Cash at bank

154,146

251,106

13,807,409

11,777,430

CREDITORS

Amounts falling due within one year

7

60,446

633,287

NET CURRENT ASSETS

13,746,963

11,144,143

TOTAL ASSETS LESS CURRENT LIABILITIES

13,770,638

11,187,084

CREDITORS

Amounts falling due after more than one year

8

30,181

37,886

NET ASSETS

13,740,457

11,149,198

CAPITAL AND RESERVES

Called up share capital

10

217

210

Share premium

16,937,734

14,137,756

Retained earnings

(3,197,494

)

(2,988,768

)

SHAREHOLDERS' FUNDS

13,740,457

11,149,198

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 10th December 2025 and were signed on its behalf by:

Mr M D Adams - Director

1.	STATUTORY INFORMATION

Wet Holdings (Global) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Preparation of consolidated financial statements

The financial statements contain information about Wet Holdings (Global) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st April 2024

103,878

3,298

107,176

Additions

9,669

-

9,669

At 31st March 2025

113,547

3,298

116,845

DEPRECIATION

At 1st April 2024

61,693

2,549

64,242

Charge for year

28,387

549

28,936

At 31st March 2025

90,080

3,098

93,178

NET BOOK VALUE

At 31st March 2025

23,467

200

23,667

At 31st March 2024

42,185

749

42,934

5.	FIXED ASSET INVESTMENTS

Share in

subsidiaries

£

COST

At 1st April 2024

7

Additions

1

At 31st March 2025

8

NET BOOK VALUE

At 31st March 2025

8

At 31st March 2024

7

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,741

7,917

Amounts owed by group undertakings

12,543,993

10,772,458

Other debtors

-

40,100

VAT

26,017

-

Deferred tax asset

1,075,512

705,849

13,653,263

11,526,324

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

10,000

10,000

Trade creditors

45,932

14,328

Amounts owed to group undertakings

284

568,768

VAT

-

11,379

Directors' loan accounts

1,030

25,612

Accrued expenses

3,200

3,200

60,446

633,287

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans - 1-2 years

10,000

10,000

Other loans - 2-5 years

20,181

27,886

30,181

37,886

9.	DEFERRED TAX

£

Balance at 1st April 2024

(705,849

)

Provided during year

(369,663

)

Balance at 31st March 2025

(1,075,512

)

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2,098,473

Ordinary

£0.0001

217

210

315,603 Ordinary shares of £0.0001 each were allotted as fully paid at a premium of 8.842577542 per share during the year.