REGISTERED NUMBER: 05087243 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Warrell Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTOR:

T E Warrell

SECRETARY:

Mrs H G Warrell

REGISTERED OFFICE:

Second Floor

Kennel Club House

Gatehouse Way

Aylesbury

Buckinghamshire

HP19 8DB

REGISTERED NUMBER:

05087243 (England and Wales)

ACCOUNTANTS:

DUX Advisory Limited

Chartered Accountants

Kennel Club House

Gatehouse Way

Aylesbury

Buckinghamshire

HP19 8DB

FIXED ASSETS

Tangible assets

4

504

672

Investments

5

100

100

604

772

CURRENT ASSETS

Debtors

6

105,990

110,398

Cash at bank and in hand

51,765

57,304

157,755

167,702

CREDITORS

Amounts falling due within one year

7

13,287

13,998

NET CURRENT ASSETS

144,468

153,704

TOTAL ASSETS LESS CURRENT LIABILITIES

145,072

154,476

PROVISIONS FOR LIABILITIES

105

145

NET ASSETS

144,967

154,331

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

144,966

154,330

SHAREHOLDERS' FUNDS

144,967

154,331

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 his 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 director and authorised for issue on 17 December 2025 and were signed by:

T E Warrell - Director

1.	STATUTORY INFORMATION

Warrell Associates 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.

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

Tangible fixed assets are initially recognised at cost and subsequently measured at cost less accumulated

depreciation and impairment. Where parts of an item of tangible fixed assets have different useful lives, they

are accounted for as a separate item of tangible fixed assets.

Depreciation is provided at the following annual rates in order to write off each asset over its useful estimated life, on a reducing balance basis or, if held under a finance lease, over the lease term, whichever is shorter.

Plant and machinery- 25% reducing balance.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

3,249

DEPRECIATION

At 1 April 2024

2,577

Charge for year

168

At 31 March 2025

2,745

NET BOOK VALUE

At 31 March 2025

504

At 31 March 2024

672

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

4,796

98,702

Other debtors

1,194

11,696

5,990

110,398

Amounts falling due after more than one year:

Amounts owed by group undertakings

100,000

-

Aggregate amounts

105,990

110,398

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

108

108

Taxation and social security

3,599

10,503

Other creditors

9,580

3,387

13,287

13,998

8.	RELATED PARTY DISCLOSURES

During the year, Warrell Associates Limited made sales of £Nil (2024: £Nil) to Lovelo Cycle Works Limited, its subsidiary undertaking.

During the year, Warrell Associates Limited made purchases of £Nil (2024: £Nil) from Lovelo Cycle Works Limited, its subsidiary undertaking.

At the year end the company is owed £104,796 (2024: £98,702) by Lovelo Cycle Works Limited. The company owns 100% of the share capital of Lovelo Cycle Works Limited.

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Warrell Associates Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 director of Warrell Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Warrell Associates Limited and state those matters that we have agreed to state to the director of Warrell Associates Limited 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 Warrell Associates Limited and its director for our work or for this report.

It is your duty to ensure that Warrell Associates 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 Warrell Associates Limited. You consider that Warrell Associates 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 Warrell Associates 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.

DUX Advisory Limited

Chartered Accountants

Kennel Club House

Gatehouse Way

Aylesbury

Buckinghamshire

HP19 8DB

17 December 2025