Registration number: 04145519

Whole Systems Partnership Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Whole Systems Partnership Limited

(Registration number: 04145519)
Balance Sheet as at 31 March 2026

	Note	2026 £		2025 £
Fixed assets
Intangible assets	3		14,511		29,686
Tangible assets	4		2,546		2,865
			17,057		32,551
Current assets
Debtors	5	29,414		29,327
Cash at bank and in hand		14,488		45,735
		43,902		75,062
Creditors: Amounts falling due within one year	6	(44,378)		(125,811)
Net current liabilities			(476)		(50,749)
Net assets/(liabilities)			16,581		(18,198)
Capital and reserves
Called up share capital	7	1,500		1,500
Share premium reserve		12,250		12,250
Profit and loss account		2,831		(31,948)
Total equity			16,581		(18,198)

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 October 2026
 

......................................... Mr A B Bhavsar Director

Whole Systems Partnership Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

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 years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The presentation currency is £ sterling

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 and discounts.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current 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.

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 in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Whole Systems Partnership Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and Fittings	25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Software	Over 10 years straight line
Development	Over 4 years straight line

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Whole Systems Partnership Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2025 - 5).

3	Intangible assets

	Goodwill  £	Software and Development £	Total £
Cost or valuation
At 1 April 2025	28,000	219,886	247,886
At 31 March 2026	28,000	219,886	247,886
Amortisation
At 1 April 2025	28,000	190,200	218,200
Amortisation charge	-	15,175	15,175
At 31 March 2026	28,000	205,375	233,375
Carrying amount
At 31 March 2026	-	14,511	14,511
At 31 March 2025	-	29,686	29,686

Whole Systems Partnership Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2025	29,698	29,698
Additions	1,803	1,803
At 31 March 2026	31,501	31,501
Depreciation
At 1 April 2025	26,832	26,832
Charge for the year	2,123	2,123
At 31 March 2026	28,955	28,955
Carrying amount
At 31 March 2026	2,546	2,546
At 31 March 2025	2,865	2,865

5

Debtors

Current	2026 £	2025 £
Trade debtors	21,478	28,200
Prepayments	1,008	1,082
Other debtors	6,928	45
	29,414	29,327

6

Creditors

	2026 £	2025 £
Due within one year
Trade creditors	9,235	11,032
Taxation and social security	7,574	22,292
Other creditors	27,569	92,487
	44,378	125,811

Whole Systems Partnership Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary £1 of £1 each	1,500	1,500	1,500	1,500

8	Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

	2026 £	2025 £
Remuneration	41,304	86,426
Contributions paid to money purchase schemes	3,537	2,654
	44,841	89,080

Summary of transactions with other related parties

In March 2023, an employee ownership trust arrangement was created whereby the new Employee Ownership Trust and its sole corporate trustee, WSP EOT Limited, acquired control of Whole Systems Partnership Limited. During the year, Whole Systems Partnership Limited made distributions of £2,455 (2025- £14,430) to the Employee Ownership Trust, and bore overhead costs in line with the terms of the arrangement.