Wellgate Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15516113

Wellgate Group Limited

Filleted Unaudited Financial Statements

31 October 2025

Wellgate Group Limited

Financial Statements

Year ended 31 October 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Wellgate Group Limited

Statement of Financial Position

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Investments	5	534	534

Current assets

Debtors	6	305,345	–
Cash at bank and in hand		19,954	544
		---------	----
		325,299	544

Creditors: amounts falling due within one year	7	478,975	–
		---------	----
Net current (liabilities)/assets		( 153,676)	544
		---------	-------
Total assets less current liabilities		( 153,142)	1,078
		---------	-------

Capital and reserves

Called up share capital	1,078	1,078
Profit and loss account	( 154,220)	–
	---------	-------
Shareholders (deficit)/funds	( 153,142)	1,078
	---------	-------

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 October 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 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 financial statements .

These financial statements were approved by the board of directors and authorised for issue on 31 July 2026 , and are signed on behalf of the board by:

S J C Hill

Director

Company registration number: 15516113

Wellgate Group Limited

Notes to the Financial Statements

Year ended 31 October 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 Bedford House Fulham Green, 69-79 Fulham High Street, London, SW6 3JW, United Kingdom.

2. Statement of compliance

These 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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis which relies upon the continuing support of the group and directors.

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Investments

	Shares in group undertakings
	£
Cost
At 1 November 2024 and 31 October 2025	534
	----
Impairment
At 1 November 2024 and 31 October 2025	–
	----

Carrying amount
At 31 October 2025	534
	----
At 31 October 2024	534
	----

6. Debtors

	2025	2024
	£	£
Trade debtors	5,700	–
Other debtors	299,645	–
	---------	----
	305,345	–
	---------	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	5,455	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	266,080	–
Other creditors	207,440	–
	---------	----
	478,975	–
	---------	----

8. Directors' advances, credits and guarantees

At the year end the company was owed £18,209 (2024: £NIL) by a director. During the year the company made aggregate advances to a director of £62,009, a director made aggregate repayments of £44,615 and interest of £815 was charged on the outstanding balance.

9. Related party transactions

At the year end the company was owed £278,000 (2024: £NIL) by companies associated by common control. At the year end the company owed £205,000 (2024: £NIL) by companies associated by common control.