25 WT Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06940498 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019

FOR

25 WT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Harb

Professor R Leonardi

P Kohout

D Rendall

A Cowper-Smith

REGISTERED OFFICE:

25f Westbourne Terrace

London

W2 3UN

REGISTERED NUMBER:

06940498 (England and Wales)

ACCOUNTANTS:

Partridges Accountancy Services Limited

Chartered Certified Accountants

Wellington House

Aylesbury Road

Princes Risborough

Buckinghamshire

HP27 0JP

FIXED ASSETS

Tangible assets

4

72,000

72,000

CURRENT ASSETS

Cash at bank

23,521

24,240

CREDITORS

Amounts falling due within one year

5

55,077

74,025

NET CURRENT LIABILITIES

(31,556

)

(49,785

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,444

22,215

RESERVES

Income and expenditure account

40,444

22,215

40,444

22,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2020 and were signed on its behalf by:

M Harb - Director

1.	STATUTORY INFORMATION

25 WT Limited is a private company, limited by guarantee , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 July 2018

and 30 June 2019

72,000

NET BOOK VALUE

At 30 June 2019

72,000

At 30 June 2018

72,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

as restated

£

£

Taxation and social security

994

989

Other creditors

54,083

73,036

55,077

74,025

Other creditors of £54,083 includes an amount of £54,000 (3 x £18,000) that is understood to be owed to a

mixture of current and past directors . These amounts are subject to legal review by the company's solicitors to

establish their correct treatment in the company records. At the date of the approval of these accounts this matter

has not been satisfactorily resolved and as a result there may need to be restatement or reclassification of some

part or all of these amounts.