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REGISTERED NUMBER: 09233743 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

FOR

WELLECO UK LIMITED

WELLECO UK LIMITED (REGISTERED NUMBER: 09233743)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WELLECO UK LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2021







DIRECTORS: Jon Biesse
Elle Macpherson
Michael Da Gama Pinto
Federica Nicolao





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 09233743 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

WELLECO UK LIMITED (REGISTERED NUMBER: 09233743)

BALANCE SHEET
30 June 2021

30.6.21 30.6.20
Notes £    £   
CURRENT ASSETS
Stocks 184,643 534,605
Debtors 4 26,270 21,995
Cash at bank 294,790 338,653
505,703 895,253
CREDITORS
Amounts falling due within one year 5 603,791 1,006,354
NET CURRENT LIABILITIES (98,088 ) (111,101 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(98,088

)

(111,101

)

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings (98,089 ) (111,102 )
SHAREHOLDERS' FUNDS (98,088 ) (111,101 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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 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 Board of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by:





Michael Da Gama Pinto - Director


WELLECO UK LIMITED (REGISTERED NUMBER: 09233743)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2021

1. STATUTORY INFORMATION

Welleco Uk 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.

The directors are optimistic that a fellow group undertaking will continue to provide any financial support which may be necessary in order for the company to meet its liabilities, as they fall due, for at least 12 months and one day from the approval of these financial statements. As a result the directors have continued to adopt the going concern basis in preparing these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

Taxation
Taxation for the year 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

WELLECO UK LIMITED (REGISTERED NUMBER: 09233743)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.21 30.6.20
£    £   
Trade debtors 18,145 7,527
Other debtors 8,125 14,468
26,270 21,995

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.21 30.6.20
£    £   
Trade creditors 26,580 9,526
Amounts owed to group undertakings 499,857 904,155
Taxation and social security 50,822 66,019
Other creditors & accruals 26,532 26,654
603,791 1,006,354

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.6.21 30.6.20
value: £    £   
1 Ordinary £1 1 1

7. ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is Welle Pty Ltd, a company incorporated in Australia. The results of Welleco UK Limited are not consolidated in any group financial statements.