42WM LTD


Director	MISTRY, Tejas


Registered Address	40 William Mews
	London
	SW1X 9HQ


Registered Number	11739563 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		707		347
Investments	4		2,154,562		2,154,562
			2,155,269		2,154,909
Current assets
Debtors		109,700		-
Cash at bank and on hand		8,643		71,617
		118,343		71,617
Creditors amounts falling due within one year		(109,128)		(93,551)
Net current assets (liabilities)			9,215		(21,934)
Total assets less current liabilities			2,164,484		2,132,975
Creditors amounts falling due after one year			(2,387,701)		(2,333,643)
Net assets			(223,217)		(200,668)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(223,317)		(200,768)
Shareholders' funds			(223,217)		(200,668)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 18 September 2026, and are signed on its behalf by:

MISTRY, Tejas
Director
Registered Company No. 11739563

42WM LTD

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		2

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 25	665
	Additions	485
	At 31 December 25	1,150
	Depreciation and impairment
	At 01 January 25	318
	Charge for year	125
	At 31 December 25	443
	Net book value
	At 31 December 25	707
	At 31 December 24	347

4.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 January 25	2,154,562
	At 31 December 25	2,154,562
	Net book value
	At 31 December 25	2,154,562
	At 31 December 24	2,154,562

5.	Secured creditors
	Bank borrowings and overdrafts includes Bank loans of £Nil (2024: £1,917,500).

6.	Provisions for liabilities
	TAXATION - Analysis of the tax charge No liability to UK corporation tax arose for the year ended 31 December 2025 nor for the year ended 31 December 2024.

7.	Share capital
	100 Ordinary Shares Allotted, issued and fully paid with nominal value of £1 each.

8.	Related party transactions
	As at the balance sheet date the company owed £1,348,112 (2024: £416,143) to the shareholders of the company. The loan is interest free and repayable on demand. As at 31 December 2025 the company owed £63,500 (2024: £47,847) to Foldbond Limited, £22,500 (2024: £22,500) to Commoditree Limited and £22,628 (2024: £22,628) to Speckle Properties Limited. As at 31 December 2025 the company owed £94,700 from Speckle Spv1 Limited. The loan is interest free and repayable on demand. 42WM Ltd, Speckle Properties Limited, Foldbond Limited, Commoditree Limited and Speckle Spv1 Limited are connected companies by virtue of having common directors.

Related party transactions

As at the balance sheet date the company owed £1,348,112 (2024: £416,143) to the shareholders of the company. The loan is interest free and repayable on demand.

As at 31 December 2025 the company owed £63,500 (2024: £47,847) to Foldbond Limited, £22,500 
(2024: £22,500) to Commoditree Limited and £22,628 (2024: £22,628) to Speckle Properties Limited.

As at 31 December 2025 the company owed £94,700 from Speckle Spv1 Limited. The loan is interest free and repayable on demand.

42WM Ltd, Speckle Properties Limited, Foldbond Limited, Commoditree Limited and Speckle Spv1 Limited are connected companies by virtue of having common directors.