Walney Associates Limited Company accounts

COMPANY REGISTRATION NUMBER: 12223969

Walney Associates Limited

Unaudited Abridged Financial Statements

30 September 2025

Walney Associates Limited

Abridged Financial Statements

Year ended 30 September 2025

Contents	Page

Directors' report	1

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory abridged financial statements	2

Abridged statement of income and retained earnings	3

Abridged statement of financial position	4

Notes to the abridged financial statements	6

Walney Associates Limited

Directors' Report

Year ended 30 September 2025

The directors present their report and the unaudited abridged financial statements of the company for the year ended 30 September 2025 .

Directors

The directors who served the company during the year were as follows:

Mr C N Donnelly
Mrs J Donnelly

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 11 June 2026 and signed on behalf of the board by:

Mr C N Donnelly

Director

Registered office:

B1 Vantage Park

Old Gloucester Road

Hambrook

Bristol

United Kingdom

BS16 1GW

Walney Associates Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of Walney Associates Limited

Year ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Walney Associates Limited for the year ended 30 September 2025, which comprise the abridged statement of income and retained earnings, abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Walney Associates Limited, as a body. Our work has been undertaken solely to prepare for your approval the abridged financial statements of Walney Associates Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Walney Associates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Walney Associates Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Walney Associates Limited. You consider that Walney Associates Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the abridged financial statements of Walney Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory abridged financial statements.

LAMONT PRIDMORE (SOUTH CUMBRIA) LTD Chartered accountants

136 Highgate Kendal Cumbria LA9 4HW

11 June 2026

Walney Associates Limited

Abridged Statement of Income and Retained Earnings

Year ended 30 September 2025

	2025	2024
Note	£	£
Gross profit	62,534	34,913

Administrative expenses	16,450	16,422
	--------	--------
Operating profit	46,084	18,491

Interest payable and similar expenses	4	–	8
		--------	--------
Profit before taxation		46,084	18,483

Tax on profit	8,756	3,512
	--------	--------
Profit for the financial year and total comprehensive income	37,328	14,971
	--------	--------

Dividends paid and payable	( 37,500)	( 18,000)

Retained earnings at the start of the year	389	3,418
	--------	--------
Retained earnings at the end of the year	217	389
	--------	--------

All the activities of the company are from continuing operations.

Walney Associates Limited

Abridged Statement of Financial Position

30 September 2025

	2025	2024
Note	£	£

Current assets

Debtors	327	–
Cash at bank and in hand	10,148	9,479
	--------	-------
	10,475	9,479

Creditors: amounts falling due within one year	10,256	9,088
	--------	-------
Net current assets	219	391
	----	----
Total assets less current liabilities	219	391
	----	----
Net assets	219	391
	----	----

Capital and reserves

Called up share capital	2	2
Profit and loss account	217	389
	----	----
Shareholders funds	219	391
	----	----

These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

Walney Associates Limited

Abridged Statement of Financial Position (continued)

30 September 2025

These abridged financial statements were approved by the board of directors and authorised for issue on 11 June 2026 , and are signed on behalf of the board by:

Mr C N Donnelly

Director

Company registration number: 12223969

Walney Associates Limited

Notes to the Abridged Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is B1 Vantage Park, Old Gloucester Road, Hambrook, Bristol, BS16 1GW, United Kingdom.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Interest payable and similar expenses

	2025	2024
	£	£
Other interest payable and similar charges	–	8
	----	----

5. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr C N Donnelly	–	327	327
	----	----	----

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr C N Donnelly	–	–	–
	----	----	----