The Welsh Lovespoon Studio Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 16080196

The Welsh Lovespoon Studio Limited

Filleted Unaudited Financial Statements

31 December 2025

The Welsh Lovespoon Studio Limited

Financial Statements

Period from 14 November 2024 to 31 December 2025

Contents	Page

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

The Welsh Lovespoon Studio Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of The Welsh Lovespoon Studio Limited

Period from 14 November 2024 to 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Welsh Lovespoon Studio Limited for the period ended 31 December 2025, which comprise the 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 The Welsh Lovespoon Studio Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of The Welsh Lovespoon Studio 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 The Welsh Lovespoon Studio Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Welsh Lovespoon Studio Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Welsh Lovespoon Studio Limited. You consider that The Welsh Lovespoon Studio Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of The Welsh Lovespoon Studio 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 financial statements.

WALTER HUNTER & CO LIMITED Chartered accountants

24 Bridge Street Newport South Wales NP20 4SF

3 August 2026

The Welsh Lovespoon Studio Limited

Statement of Financial Position

31 December 2025

	31 Dec 25
Note	£

Fixed assets

Intangible assets	5	23,310
Tangible assets	6	4,500
		--------
		27,810

Current assets

Cash at bank and in hand	10,091

Creditors: amounts falling due within one year	7	8,074
		--------
Net current assets		2,017
		--------
Total assets less current liabilities		29,827

Creditors: amounts falling due after more than one year	8	31,000
		--------
Net liabilities		( 1,173)
		--------

Capital and reserves

Called up share capital	2
Profit and loss account	( 1,175)
	-------
Shareholders deficit	( 1,173)
	-------

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 period ending 31 December 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 period 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 .

The Welsh Lovespoon Studio Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 3 August 2026 , and are signed on behalf of the board by:

Ms M Cain-Smith

Director

Company registration number: 16080196

The Welsh Lovespoon Studio Limited

Notes to the Financial Statements

Period from 14 November 2024 to 31 December 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 24 Bridge Street, Newport, NP20 4SF.

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.

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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	10% straight line

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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 1 .

5. Intangible assets

	Goodwill
	£
Cost
Additions	25,900
	--------
At 31 December 2025	25,900
	--------
Amortisation
Charge for the period	2,590
	--------
At 31 December 2025	2,590
	--------
Carrying amount
At 31 December 2025	23,310
	--------

6. Tangible assets

	Plant and machinery
	£
Cost
At 14 November 2024	–
Additions	5,000
	-------
At 31 December 2025	5,000
	-------
Depreciation
At 14 November 2024	–
Charge for the period	500
	-------
At 31 December 2025	500
	-------
Carrying amount
At 31 December 2025	4,500
	-------

7. Creditors: amounts falling due within one year

	31 Dec 25
	£
Social security and other taxes	1,814
Deferred consideration for acquisition of the business	5,000
Other creditors	1,260
	-------
	8,074
	-------

8. Creditors: amounts falling due after more than one year

	31 Dec 25
	£
Deferred consideration for acquisition of the business	10,000
Other creditors	21,000
	--------
	31,000
	--------

9. Directors' advances, credits and guarantees

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

	31 Dec 25
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Ms M Cain-Smith	–	( 10,500)	( 10,500)
Mr C Morgan	–	( 10,500)	( 10,500)
	----	--------	--------
	–	( 21,000)	( 21,000)
	----	--------	--------