REGISTERED NUMBER: 02818936 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2025

FOR

WELCARE GUARDIAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Taylor

D Meakin

REGISTERED OFFICE:

Abacus House

450 Warrington Road

Culcheth

Warrington

Cheshire

WA3 5QX

REGISTERED NUMBER:

02818936 (England and Wales)

ACCOUNTANTS:

Hunter Healey Limited

Abacus House

450 Warrington Road

Culcheth

Warrington

Cheshire

WA3 5QX

FIXED ASSETS

Intangible assets

4

1,129,739

1,130,308

Tangible assets

5

14,839

11,766

1,144,578

1,142,074

CURRENT ASSETS

Debtors

6

207,020

259,079

Cash in hand

50

50

207,070

259,129

CREDITORS

Amounts falling due within one year

7

445,528

491,988

NET CURRENT LIABILITIES

(238,458

)

(232,859

)

TOTAL ASSETS LESS CURRENT LIABILITIES

906,120

909,215

CREDITORS

Amounts falling due after more than one year

8

6,446

18,488

NET ASSETS

899,674

890,727

CAPITAL AND RESERVES

Called up share capital

14,000

14,000

Share premium

13,600

13,600

Revaluation reserve

9

447,266

475,282

Retained earnings

424,808

387,845

SHAREHOLDERS' FUNDS

899,674

890,727

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 27th April 2026 and were signed on its behalf by:

D Meakin - Director

1.	STATUTORY INFORMATION

Welcare Guardian 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of the company's right to consideration in respect of services rendered during the year excluding VAT.

Will security bank

The company charges its clients an annual membership fee payable by standing order for the provision of a number of legal services supplied by the company's panel solicitors. These include legal advice,will storage, will updates and discounted legal assistance.

Membership fees are payable annually throughout the lifetime of the client.

Clients wills are stored at the office of the solicitor initially instructed to write the will in order that the document should be held safely and is capable of location upon the event of the death of the client.

The average age of the company's clients is early forties and the average life expectancy a further 36 years. The director estimates that 1/5 of the costs associated with taking the initial instructions from the client may be attributed to securing the client's instruction to join the legal support membership scheme and the company has therefore adopted a policy of capitalising 1/5 of sales commissions paid in the year as an addition to the will security bank.

The value of the will security bank is amortised at a rate of 3% per annum straight line to reflect the anticipated lapse rate of the scheme membership. The value of the will bank at 31st July 2025 is £1,129,739.

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

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Will

security

bank

£

COST OR VALUATION

At 1st August 2024

1,679,805

Additions

51,366

At 31st July 2025

1,731,171

AMORTISATION

At 1st August 2024

549,497

Amortisation for year

51,935

At 31st July 2025

601,432

NET BOOK VALUE

At 31st July 2025

1,129,739

At 31st July 2024

1,130,308

Cost or valuation at 31st July 2025 is represented by:

Will

security

bank

£

Valuation in 2016

1,111,463

Valuation in 2017

37,739

Valuation in 2018

53,328

Valuation in 2019

55,201

Valuation in 2020

87,837

Valuation in 2021

62,711

Valuation in 2022

86,253

Valuation in 2023

124,334

Valuation in 2024

60,939

Valuation in 2025

51,366

1,731,171

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st August 2024

5,058

20,829

25,887

Additions

-

7,951

7,951

At 31st July 2025

5,058

28,780

33,838

DEPRECIATION

At 1st August 2024

4,541

9,580

14,121

Charge for year

78

4,800

4,878

At 31st July 2025

4,619

14,380

18,999

NET BOOK VALUE

At 31st July 2025

439

14,400

14,839

At 31st July 2024

517

11,249

11,766

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

207,020

179,146

Other debtors

-

79,933

207,020

259,079

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

30,106

48,510

Trade creditors

49,180

44,495

Taxation and social security

115,614

365,678

Other creditors

250,628

33,305

445,528

491,988

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

6,446

18,488

9.

RESERVES

Revaluation

reserve

£

At 1st August 2024

475,282

Revaluation release

(28,016

)

At 31st July 2025

447,266