Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 June 2023 false 31 December 2025 1 January 2024 31 December 2024 31 December 2024 11002674 Mr Deval Shashikant Patel Mr Rhys Dewi Thomas Mr Carl Duncan Lundberg Mr Graham Webber Gerald Edelman Network Limited false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11002674 2023-12-31 11002674 2024-12-31 11002674 2024-01-01 2024-12-31 11002674 frs-core:CurrentFinancialInstruments 2024-12-31 11002674 frs-core:Non-currentFinancialInstruments 2024-12-31 11002674 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-12-31 11002674 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 11002674 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 11002674 frs-core:OtherResidualIntangibleAssets 2024-12-31 11002674 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 11002674 frs-core:OtherResidualIntangibleAssets 2023-12-31 11002674 frs-core:ShareCapital 2024-12-31 11002674 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 11002674 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11002674 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 11002674 frs-bus:SmallEntities 2024-01-01 2024-12-31 11002674 frs-bus:Audited 2024-01-01 2024-12-31 11002674 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11002674 1 2024-01-01 2024-12-31 11002674 frs-core:UnlistedNon-exchangeTraded 2024-12-31 11002674 frs-core:UnlistedNon-exchangeTraded 2023-12-31 11002674 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-12-31 11002674 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-12-31 11002674 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-12-31 11002674 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-12-31 11002674 frs-bus:Director1 2024-01-01 2024-12-31 11002674 frs-bus:Director2 2024-01-01 2024-12-31 11002674 frs-bus:Director3 2024-01-01 2024-12-31 11002674 frs-bus:Director4 2024-01-01 2024-12-31 11002674 frs-countries:EnglandWales 2024-01-01 2024-12-31 11002674 2023-05-31 11002674 2023-12-31 11002674 2023-06-01 2023-12-31 11002674 frs-core:CurrentFinancialInstruments 2023-12-31 11002674 frs-core:Non-currentFinancialInstruments 2023-12-31 11002674 frs-core:ShareCapital 2023-12-31 11002674 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 11002674
WTT Group Ltd
Financial Statements
For The Year Ended 31 December 2024
WTT Accountancy Limited
40 Queen Street
London
EC4R 1DD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11002674
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 30,913 35,898
Investments 5 150,108 150,108
181,021 186,006
CURRENT ASSETS
Debtors 6 379,656 103,135
Cash at bank and in hand 51 150
379,707 103,285
Creditors: Amounts Falling Due Within One Year 7 (617,223 ) (243,591 )
NET CURRENT ASSETS (LIABILITIES) (237,516 ) (140,306 )
TOTAL ASSETS LESS CURRENT LIABILITIES (56,495 ) 45,700
Creditors: Amounts Falling Due After More Than One Year 8 (7,675 ) (8,914 )
NET (LIABILITIES)/ASSETS (64,170 ) 36,786
CAPITAL AND RESERVES
Called up share capital 9 104 104
Profit and Loss Account (64,274 ) 36,682
SHAREHOLDERS' FUNDS (64,170) 36,786
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These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Rhys Dewi Thomas
Director
31st December 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
WTT Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11002674 . The registered office is 40 Queen Street, London, EC4R 1DD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are trademarks and web developmenty costs.It is amortised to profit and loss account over its estimated economic life of 10 years.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.4. Investments - Company
Investment in a subsidiary company is held at cost less accumulated impairment loss. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Intangible Assets
Other Development Costs Total
£ £ £
Cost
As at 1 January 2024 350 49,499 49,849
As at 31 December 2024 350 49,499 49,849
Amortisation
As at 1 January 2024 107 13,844 13,951
Provided during the period 35 4,950 4,985
As at 31 December 2024 142 18,794 18,936
Net Book Value
As at 31 December 2024 208 30,705 30,913
As at 1 January 2024 243 35,655 35,898
5. Investments
Unlisted
£
Cost
As at 1 January 2024 150,108
As at 31 December 2024 150,108
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 150,108
As at 1 January 2024 150,108
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
WTT Consulting Ltd - Ordinary Shares - 100% interest
WTT Legal Ltd - Ordinary Shares - 100% interest
WTT Accountancy Limited - Ordinary Shares - 100% interest
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6. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Amounts owed by group undertakings 194,656 103,056
Other debtors 185,000 79
379,656 103,135
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Trade creditors - 237
Amounts owed to group undertakings 428,950 243,350
Other creditors 188,273 4
617,223 243,591
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Other creditors 7,675 8,914
9. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 104 104
10. Dividends
31 December 2024 31 December 2023
£ £
On equity shares:
Final dividend paid - 40,000
During the year, dividends of £0 (December 2023 - £40,000) were paid to the directors. 
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11. Related Party Transactions
WTT Accountancy Limited owes WTT Group Ltd £103,056 and Gerald Edelman Network Ltd owes WTT Group Ltd £91,600 as at 31/12/2024. These balance relate to ad-hoc funding provided by WTT Group Ltd to support ongoing buisness operations.
WTT Group Ltd owes WTT Consulting Ltd £428,950 as at 31/12/2024. This balance relates to ad-hoc funding provided by WTT Consulting Ltd to support ongoing buisness operations.
12. Parent Undertaking and Controlling Party
The company's immediate and parent undertaking is Gerald Edelman Network Limited . Gerald Edelman Network Limited was incorporated in England and Wales. The controlling party is Gerald Edelman Network Limited who controls 51% of the shares of WTT Group Ltd . The ultimate parent controlling party is Gerald Edelman LLP
13. Audit Information
The auditor's report on the accounts of WTT Group Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Robert Stafford BA (Hons) FCA (Senior Statutory Auditor) for and on behalf of SCCA Ltd T/A Stafford & Co , Statutory Auditor.
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