Weben Partners Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06666323 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2022 to 30 December 2022

for

Weben Partners Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R M Fitzpatrick

SECRETARY:

REGISTERED OFFICE:

59 - 60 Gainsborough House

Thames Street

Windsor

Berkshire

SL4 1TX

REGISTERED NUMBER:

06666323 (England and Wales)

ACCOUNTANTS:

Providence Financial Limited

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

FIXED ASSETS

Intangible assets

4

676,667

-

CURRENT ASSETS

Debtors

5

110,446

8,144

Cash at bank

775,301

276,376

885,747

284,520

CREDITORS

Amounts falling due within one year

6

1,201,178

152,017

NET CURRENT (LIABILITIES)/ASSETS

(315,431

)

132,503

TOTAL ASSETS LESS CURRENT LIABILITIES

361,236

132,503

CREDITORS

Amounts falling due after more than one year

7

253,161

110,037

NET ASSETS

108,075

22,466

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

108,073

22,464

108,075

22,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2023 and were signed by:

R M Fitzpatrick - Director

1.	STATUTORY INFORMATION

Weben Partners Limited is a private company, limited by shares , 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

700,000

At 30 December 2022

700,000

AMORTISATION

Charge for period

23,333

At 30 December 2022

23,333

NET BOOK VALUE

At 30 December 2022

676,667

5.

DEBTORS

30.12.22

31.12.21

£

£

Amounts falling due within one year:

Trade debtors

9,500

7,515

Other debtors

100,944

2

110,444

7,517

Amounts falling due after more than one year:

Other debtors

2

627

Aggregate amounts

110,446

8,144

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.22

31.12.21

£

£

Trade creditors

900,178

60,179

Taxation and social security

-

21,838

Other creditors

301,000

70,000

1,201,178

152,017

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.12.22

31.12.21

£

£

Other creditors

253,161

110,037