Registration number: SC597852

Wishing Well Emotional Wellbeing Centre Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Wishing Well Emotional Wellbeing Centre Limited

(Registration number: SC597852)
Statement of Financial Position as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	575,000	82,740
Current assets
Debtors	5	12,500	13,746
Cash at bank and in hand		32,312	32,168
		44,812	45,914
Creditors: Amounts falling due within one year	6	(298,480)	(101,818)
Net current liabilities		(253,668)	(55,904)
Total assets less current liabilities		321,332	26,836
Creditors: Amounts falling due after more than one year	6	(389,910)	(38,000)
Provisions for liabilities		-	(15,240)
Net liabilities		(68,578)	(26,404)
Capital and reserves
Called up share capital		2	2
Retained earnings		(68,580)	(26,406)
Shareholders' deficit		(68,578)	(26,404)

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 19 May 2026
 

Wishing Well Emotional Wellbeing Centre Limited

(Registration number: SC597852)
Statement of Financial Position as at 31 May 2025

......................................... Lindsey-Anne Sarah Knox Director

Wishing Well Emotional Wellbeing Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Woodlands House
Lownie Road
Caldhame
Forfar
Angus
DD8 2LG
Scotland

These financial statements were authorised for issue by the director on 19 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Wishing Well Emotional Wellbeing Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	20% Reducing balance
Fixtures & Fittings	20% Reducing balance
Plant and machinery	20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Wishing Well Emotional Wellbeing Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 0 (2024 - 0).

Wishing Well Emotional Wellbeing Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £
Cost or valuation
At 1 June 2024	-	340	116,500	6,500
Additions	575,000	-	-	-
Disposals	-	(340)	(116,500)	(6,500)
At 31 May 2025	575,000	-	-	-
Depreciation
At 1 June 2024	-	90	39,210	1,300
Charge for the year	-	50	15,458	1,040
Eliminated on disposal	-	(140)	(54,668)	(2,340)
At 31 May 2025	-	-	-	-
Carrying amount
At 31 May 2025	575,000	-	-	-
At 31 May 2024	-	250	77,290	5,200

	Total £
Cost or valuation
At 1 June 2024	123,340
Additions	575,000
Disposals	(123,340)
At 31 May 2025	575,000
Depreciation
At 1 June 2024	40,600
Charge for the year	16,548
Eliminated on disposal	(57,148)
At 31 May 2025	-
Carrying amount
At 31 May 2025	575,000
At 31 May 2024	82,740

Wishing Well Emotional Wellbeing Centre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Included within the net book value of land and buildings above is £575,000 (2024 - £Nil) in respect of freehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
Trade debtors	12,500	11,350
Other debtors	-	2,396
	12,500	13,746

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	-	480
Accruals and deferred income	2,100	1,440
Other creditors	296,380	99,898
	298,480	101,818

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	389,910	38,000

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	4,910	38,000
Other borrowings	385,000	-
	389,910	38,000