REGISTERED NUMBER: 13115709 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

WIPPET LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

M R Oxley

Registered office:

Sunnycroft

London Road

Hill Brow

Liss

Hampshire

GU33 7QJ

Registered number:

13115709 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Intangible assets

4

293,693

494,597

Tangible assets

5

3,472

5,843

297,165

500,440

Current assets

Debtors

6

10,760

5,534

Cash at bank

43,406

3,717

54,166

9,251

Creditors

Amounts falling due within one year

7

273,377

218,736

Net current liabilities

(219,211

)

(209,485

)

Total assets less current liabilities

77,954

290,955

Provisions for liabilities

868

1,461

Net assets

77,086

289,494

Capital and reserves

Called up share capital

8

1,000

1,000

Retained earnings

9

76,086

288,494

Shareholders' funds

77,086

289,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2026 and were signed by:

M R Oxley - Director

1.	Statutory information

Wippet 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Computer equipment

-

20% on cost

Non-derivative financial instruments

Non-derivative financial instruments comprise trade and other debtors, cash and cash equivalents, and trade andother creditors.

Trade and other debtors

Trade and other debtors are recognised initially at fair value. Subsequent to initial recognition they are

measured at amortised cost using the effective interest method, less any impairment losses.

Trade and other creditors

Trade and other creditors are recognised initially at fair value. Subsequent to initial recognition they are

measured at amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

Intra-group financial instruments

Where the company enters into financial guarantee contracts to guarantee the indebtedness of other companies within its group, the company considers these to be insurance arrangements and accounts for them as such. In this respect, the company treats the guarantee contract as a contingent liability until such time as it becomes probable that the company will be required to make a payment under the guarantee.

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 2 (2024 - 2 ) .

4.	Intangible fixed assets

Computer

software

£

Cost

At 1 July 2024

and 30 June 2025

1,004,518

Amortisation

At 1 July 2024

509,921

Amortisation for year

200,904

At 30 June 2025

710,825

Net book value

At 30 June 2025

293,693

At 30 June 2024

494,597

5.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 July 2024

and 30 June 2025

11,856

Depreciation

At 1 July 2024

6,013

Charge for year

2,371

At 30 June 2025

8,384

Net book value

At 30 June 2025

3,472

At 30 June 2024

5,843

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

1,661

-

Other debtors

9,099

5,534

10,760

5,534

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

38,814

3,146

Amounts owed to group undertakings

152,005

187,076

Taxation and social security

12,024

3,727

Other creditors

70,534

24,787

273,377

218,736

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

Reserves

Retained

earnings

£

At 1 July 2024

288,494

Deficit for the year

(212,408

)

At 30 June 2025

76,086

The holders of ordinary shares are entitled to share pari passu in any distribution of the company and are entitled to one vote per share in any circumstances.

10.	Related party transactions

As at 30 June 2025, the director of the company was owed £52,352 (2024:£17,277) by the company. This amount is unsecured, interest free and repayable on demand.

11.	Ultimate parent undertaking and controlling party

At 30 June 2025 the immediate and ultimate parent company was The Jools Reunion Limited.