REGISTERED NUMBER: 13694405 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Welland Valley Legal Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N L Biggin

C O Jenkins

REGISTERED OFFICE:

18 Orange Street

Uppingham

Oakham

Rutland

LE15 9SQ

REGISTERED NUMBER:

13694405 (England and Wales)

ACCOUNTANTS:

Knights Lowe Chartered Accountants

Eldo House

Kempson Way

Suffolk Business Park

Bury St Edmunds

Suffolk

IP32 7AR

FIXED ASSETS

Tangible assets

4

32,197

38,675

CURRENT ASSETS

Debtors

5

47,609

54,092

Cash at bank

87,046

34,643

134,655

88,735

CREDITORS

Amounts falling due within one year

6

43,396

18,027

NET CURRENT ASSETS

91,259

70,708

TOTAL ASSETS LESS CURRENT LIABILITIES

123,456

109,383

PROVISIONS FOR LIABILITIES

8

4,117

4,701

NET ASSETS

119,339

104,682

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

119,239

104,582

SHAREHOLDERS' FUNDS

119,339

104,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 25 June 2026 and were signed on its behalf by:

Mrs N L Biggin - Director

1.	STATUTORY INFORMATION

Welland Valley Legal 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the net invoiced sales of services, excluding value added tax. Fees are recognised as earned when the company obtains the right to receive consideration in return for its performance under its contracts.

For incomplete contracts, revenue is recognised to reflect the accrual of the right to consideration as contract activity progresses. This amount will reflect the value of the services provided as a proportion of the total value of the contract. Revenue in respect of contingent fee engagements is recognised when the contingent event occurs and recoverability of the fee is assured.

Tangible fixed assets

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

Improvements to property

-

25% on cost

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

Amounts due on contracts

Included within debtors are amounts due on contracts, this being an accrual for work completed at the year end that has yet to be billed. This is recognised at selling price, reduced for any provision of time unlikely to be billed or recovered.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2025

23,703

13,259

5,330

42,292

Additions

-

-

1,712

1,712

At 31 March 2026

23,703

13,259

7,042

44,004

DEPRECIATION

At 1 April 2025

-

1,299

2,318

3,617

Charge for year

4,938

2,392

860

8,190

At 31 March 2026

4,938

3,691

3,178

11,807

NET BOOK VALUE

At 31 March 2026

18,765

9,568

3,864

32,197

At 31 March 2025

23,703

11,960

3,012

38,675

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

28,365

22,853

Amounts recoverable on contract

14,499

26,754

Other debtors

4,745

4,485

47,609

54,092

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

290

-

Taxation and social security

38,326

14,208

Other creditors

4,780

3,819

43,396

18,027

Other creditors includes a directors loan.

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

12,500

10,417

Between one and five years

39,583

50,000

In more than five years

-

2,083

52,083

62,500

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Accelerated capital allowances

4,117

4,701

Deferred

tax

£

Balance at 1 April 2025

4,701

Provided during year

(584

)

Balance at 31 March 2026

4,117

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

40

Ordinary B shares

£1

40

40

Allotted and issued:

Number:

Class:

Nominal

2026

2025

value:

£

£

60

Ordinary A shares

£1

60

60