Registration number:
Wettern Ventures Limited
for the Year Ended 31 December 2025
Pages for filing with Registrar
Wettern Ventures Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Wettern Ventures Limited
Company Information
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Director |
A J Wettern |
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Registered office |
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Registered number |
11123082 |
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Accountant |
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Wettern Ventures Limited
(Registration number: 11123082)
Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
279 |
778 |
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Current assets |
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Debtors |
15,615 |
36,624 |
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Cash at bank and in hand |
33,326 |
24,921 |
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48,941 |
61,545 |
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Creditors: Amounts falling due within one year |
(17,266) |
(12,192) |
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Net current assets |
31,675 |
49,353 |
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Total assets less current liabilities |
31,954 |
50,131 |
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Provisions for liabilities |
- |
(150) |
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Net assets |
31,954 |
49,981 |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Profit and loss account |
31,953 |
49,980 |
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Total equity |
31,954 |
49,981 |
Wettern Ventures Limited
(Registration number: 11123082)
Balance Sheet as at 31 December 2025
For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised for issue by the
Director
Wettern Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Statutory information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Wettern Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible fixed assets
Tangible fixed assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.
The cost of tangible fixed assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
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Furniture, fittings and equipment |
Reducing balance over 4 years |
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Computer equipment |
Straight line 3 years |
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
Trade debtors
Trade debtors are recognised initially at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are recognised at the transaction price.
Share capital
Ordinary shares are classified as equity.
Dividends
Dividends distributed to the company’s shareholders are recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Wettern Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Taxation |
Deferred tax
Deferred tax assets and liabilities
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2025 |
Liability |
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- |
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2024 |
Liability |
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Arising from origination and reversal of timing differences |
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Wettern Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Tangible fixed assets |
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Furniture, fittings and equipment |
Computer Equipment |
Total |
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Cost |
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At 1 January 2025 |
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At 31 December 2025 |
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Depreciation |
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At 1 January 2025 |
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Charge for the year |
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At 31 December 2025 |
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Carrying amount |
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At 31 December 2025 |
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At 31 December 2024 |
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Debtors: amounts falling due within one year |
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Note |
2025 |
2024 |
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Trade debtors |
15,000 |
12,000 |
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Director's loan account |
615 |
24,624 |
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15,615 |
36,624 |
Wettern Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Creditors |
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2025 |
2024 |
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Amounts falling due within one year |
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Trade creditors |
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Accruals |
2,275 |
2,275 |
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Taxation and social security |
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Corporation tax |
2,128 |
790 |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
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Dividends |
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2025 |
2024 |
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Interim dividend of £ |
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Wettern Ventures Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025
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Related party transactions |
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Transactions with the director |
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2025 |
At 1 January 2025 |
Advances to director |
Repayments by director |
Dividends declared |
At 31 December 2025 |
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A J Wettern |
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Director's loan account |
( |
( |
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24,624 |
( |
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2024 |
At 1 January 2024 |
Advances to director |
Repayments by director |
Dividends declared |
At 31 December 2024 |
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A J Wettern |
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Director's loan account |
( |
( |
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39,500 |
( |
The loan from the Director is unsecured, with no fixed repayment date. Interest is charged at the HMRC approved rates.
Summary of transactions with subsidiaries
Summary of transactions with other related parties
During the year the company made sales to 1Energy Group Limited, a company in which the director holds a significant shareholding and directorship, of £67,500 (2024: £60,000). At the year end 1Energy Group Limited owed £15,000 (2024: £12,000) to Wettern Ventures Limited.