REGISTERED NUMBER: 11440365 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Sowden Wallis Limited

Page

Chartered accountants' report

1

Statement of financial position

2

to

3

Notes to the financial statements

4

to

7

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sowden Wallis Limited for the year ended 30 April 2025 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sowden Wallis Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sowden Wallis Limited and state those matters that we have agreed to state to the Board of Directors of Sowden Wallis Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sowden Wallis Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sowden Wallis Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sowden Wallis Limited. You consider that Sowden Wallis Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sowden Wallis Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

22 St George's Street

Stamford

Lincolnshire

PE9 2BU

22 December 2025

Fixed assets

Intangible assets

5

17,083

22,083

Tangible assets

6

358,290

359,355

375,373

381,438

Current assets

Debtors

7

122,955

110,938

Cash at bank

37,653

36,513

160,608

147,451

Creditors

Amounts falling due within one year

8

83,583

88,770

Net current assets

77,025

58,681

Total assets less current liabilities

452,398

440,119

Creditors

Amounts falling due after more than one year

9

(125,705

)

(134,922

)

Provisions for liabilities

(1,508

)

(1,775

)

Net assets

325,185

303,422

Capital and reserves

Called up share capital

11

100

100

Retained earnings

325,085

303,322

Shareholders' funds

325,185

303,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

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 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 18 December 2025 and were signed on its behalf by:

T Wallis - Director

M Wallis - Director

1.	Statutory information

Sowden Wallis Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11440365

Registered office:

22 St George's Street

Stamford

Lincolnshire

PE9 2BU

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

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 etc

-

15% reducing balance

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 statement of financial position date.

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.

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.

4.	Employees and directors

The average number of employees during the year was 7 (2024 - 7 ) .

5.	Intangible fixed assets

Goodwill

£

Cost

At 1 May 2024

and 30 April 2025

50,000

Amortisation

At 1 May 2024

27,917

Charge for year

5,000

At 30 April 2025

32,917

Net book value

At 30 April 2025

17,083

At 30 April 2024

22,083

6.	Tangible fixed assets

Improvements

Fixtures

Long

to

and

Computer

leasehold

property

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 May 2024

and 30 April 2025

352,257

1,732

2,560

10,942

367,491

Depreciation

At 1 May 2024

-

1,030

1,371

5,735

8,136

Charge for year

-

106

178

781

1,065

At 30 April 2025

-

1,136

1,549

6,516

9,201

Net book value

At 30 April 2025

352,257

596

1,011

4,426

358,290

At 30 April 2024

352,257

702

1,189

5,207

359,355

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

4,740

25,214

Intercompany - Culea Limited

83,856

54,856

Directors' loan accounts

23,730

19,760

Prepayments and accrued income

10,629

11,108

122,955

110,938

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

14,766

20,379

Trade creditors

12,230

9,458

Corporation tax

15,141

23,991

Social security and other taxes

-

1,717

VAT

16,073

14,167

Client monies held

5,765

15,405

Directors' loan accounts

15,000

-

Accrued expenses

4,608

3,653

83,583

88,770

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans - 1-2 years

5,695

21,127

Bank loans - 2-5 years

13,697

35,991

Bank loans

106,313

77,804

125,705

134,922

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

106,313

77,804

10.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank Loan

129,140

133,706

The bank loan is secured by a fixed charge on 8 and 9 Star Lane, Stamford and by a floating charge on the property of the company.

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

A Ordinary

1

50

50

50

B Ordinary

1

50

50

100

100

12.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

T Wallis

Balance outstanding at start of year

19,760

25,100

Amounts advanced

24,282

32,399

Amounts repaid

(20,312

)

(37,739

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

23,730

19,760