REGISTERED NUMBER: 12842739 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

AGWA Partners Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B M Johnston

REGISTERED OFFICE:

2nd Floor

16 Hanover Street

London

W1S 1YD

REGISTERED NUMBER:

12842739 (England and Wales)

ACCOUNTANTS:

Paul Howley & Co Ltd

Chartered Certified Accountants

42 Pitt Street

Barnsley

South Yorkshire

S70 1BB

FIXED ASSETS

Tangible assets

4

122,847

93,723

CURRENT ASSETS

Debtors

5

337,009

253,675

Cash at bank and in hand

41,144

112,205

378,153

365,880

CREDITORS

Amounts falling due within one year

6

395,137

402,913

NET CURRENT LIABILITIES

(16,984

)

(37,033

)

TOTAL ASSETS LESS CURRENT LIABILITIES

105,863

56,690

PROVISIONS FOR LIABILITIES

19,078

11,797

NET ASSETS

86,785

44,893

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

86,784

44,892

86,785

44,893

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

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

The financial statements were approved by the director and authorised for issue on 30 April 2026 and were signed by:

B M Johnston - Director

1.	STATUTORY INFORMATION

AGWA Partners Ltd 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

69,602

43,716

113,318

Additions

-

49,787

49,787

Disposals

-

(1,447

)

(1,447

)

At 31 December 2025

69,602

92,056

161,658

DEPRECIATION

At 1 January 2025

-

19,595

19,595

Charge for year

-

20,099

20,099

Eliminated on disposal

-

(883

)

(883

)

At 31 December 2025

-

38,811

38,811

NET BOOK VALUE

At 31 December 2025

69,602

53,245

122,847

At 31 December 2024

69,602

24,121

93,723

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts recoverable on contract

72,936

-

Other debtors

264,073

253,675

337,009

253,675

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

29,206

25,950

Taxation and social security

56,994

47,495

Other creditors

308,937

329,468

395,137

402,913

7.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had a total value of future minimum lease payments under non-cancellable operating leases expiring within one year of £82,221.

8.	TRANSITION TO FRS 102 SECTION 1A

This is the first year the company has presented financial statements complying with FRS 102 Section 1A. The comparative figures were previously prepared under FRS 105. The date of transition is 1 January 2025.

Changes

1. Deferred Tax:FRS 105 prohibited the recognition of deferred tax. FRS 102 requires recognition of deferred tax on all material timing differences.

Reconciliations

1. Net assets decreased by £11,797 due to the recognition of a deferred tax liability provision.

2. Profit/Loss (Year ended 31 December 2024):Profit increased by £412 due to the deferred tax provision movement.