Company Registration No. 09925346 (England and Wales)
Etwelle Management Limited
Unaudited accounts
for the year ended 31 May 2026
Etwelle Management Limited
Unaudited accounts
Contents
Etwelle Management Limited
Company Information
for the year ended 31 May 2026
Company Number
09925346 (England and Wales)
Registered Office
6 Beech Walk
Ewell
Epsom
Surrey
KT17 1PU
Accountants
Solumar Limited
226 Staines Road
Laleham
Staines-Upon-Thames
Middlesex
TW18 2RT
Etwelle Management Limited
Statement of financial position
as at 31 May 2026
Cash at bank and in hand
3,033
2,598
Creditors: amounts falling due within one year
(8,577)
(9,140)
Net current assets
95,356
62,008
Called up share capital
10
10
Profit and loss account
95,346
61,998
Shareholders' funds
95,356
62,008
For the year ending 31 May 2026 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 October 2026 and were signed on its behalf by
Richard Stevens
Director
Company Registration No. 09925346
Etwelle Management Limited
Notes to the Accounts
for the year ended 31 May 2026
Etwelle Management Limited is a private company, limited by shares, registered in England and Wales, registration number 09925346. The registered office is 6 Beech Walk, Ewell, Epsom, Surrey, KT17 1PU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Amounts falling due within one year
Other debtors
100,900
68,550
5
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
8,200
8,273
Loans from directors
185
319
Etwelle Management Limited
Notes to the Accounts
for the year ended 31 May 2026
6
Transactions with related parties
During the year the company paid dividends to the director totalling £0 (2025: £2,500) The director made loans to the company totalling £185 (2025: £319) consisting of expenses due.
Working capital loans have been made by the company as follows to:
Deep Sea Recovery Limited of £0 (2025: £68,300) - the director is a director of this company
Smarter Subsea (Holdings) Limited, parent company of Deep Sea Recovery Limited, £32,350 during the year - balance £100,900 (2025: £250) - the director is a director and shareholder of this company.
On 2nd June 2026, the company agreed to convert £98,250 of the outstanding balance to 98,250 Ordinary Shares of £1 each, in Smarter Subsea (Holdings) Limited.
7
Average number of employees
During the year the average number of employees was 2 (2025: 2).