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Company Registration No. 10715049 (England and Wales)
WEALTHCITY INTERNATIONAL LTD Unaudited accounts for the year ended 31 December 2022
WEALTHCITY INTERNATIONAL LTD Unaudited accounts Contents
Page
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WEALTHCITY INTERNATIONAL LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
68,448 
28,942 
Cash at bank and in hand
5,330 
54,401 
73,778 
83,343 
Creditors: amounts falling due within one year
(68,662)
(64,584)
Net current assets
5,116 
18,759 
Total assets less current liabilities
5,116 
18,759 
Creditors: amounts falling due after more than one year
(12,613)
(18,613)
Net (liabilities)/assets
(7,497)
146 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(7,498)
145 
Shareholders' funds
(7,497)
146 
For the year ending 31 December 2022 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 30 September 2023 and were signed on its behalf by
Olanipekun Ajayi Director Company Registration No. 10715049
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WEALTHCITY INTERNATIONAL LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
WEALTHCITY INTERNATIONAL LTD is a private company, limited by shares, registered in England and Wales, registration number 10715049. The registered office is 27 , Old Gloucester Street , London , WC1N 3AX, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2022
2,000 
At 31 December 2022
2,000 
Depreciation
At 1 January 2022
2,000 
At 31 December 2022
2,000 
Net book value
At 31 December 2022
- 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
68,448 
28,942 
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WEALTHCITY INTERNATIONAL LTD Notes to the Accounts for the year ended 31 December 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
4,831 
4,326 
VAT
45,706 
36,357 
Taxes and social security
18,175 
18,175 
Other creditors
(145)
5,061 
Accruals
95 
665 
68,662 
64,584 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
12,613 
18,613 
8
Transactions with related parties
Included within Other Debtors amount is £68,259 owing by companies held under common control of directors Mr Olanipekun Ajayi
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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