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Registration number: 13671728

Wolves UK Manco Limited

Unaudited Filleted Financial Statements

for the Period from 11 October 2021 to 31 December 2022

 

Wolves UK Manco Limited

Contents

Company Information

1

Directors' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Wolves UK Manco Limited

Company Information

Directors

Daniel Williams

Kristin Mendez

Jaswinder Singh Khera

Jaswant Singh Khera

Registered office

111 Power Road
London
W4 5PY

 

Wolves UK Manco Limited

Directors' Report for the Period from 11 October 2021 to 31 December 2022

The directors present their report and the financial statements for the period from 11 October 2021 to 31 December 2022.

Directors of the company

The directors who held office during the period were as follows:

Daniel Williams (appointed 11 October 2021)

Kristin Mendez (appointed 11 October 2021)

Jaswinder Singh Khera (appointed 25 October 2021)

Jaswant Singh Khera (appointed 25 October 2021)

Principal activity

The principal activity of the company is that of an investment holding company.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 10 October 2023 and signed on its behalf by:
 


Jaswant Singh Khera
Director

 

Wolves UK Manco Limited

(Registration number: 13671728)
Balance Sheet as at 31 December 2022

Note

2022
$

Fixed assets

 

Investments

4

36,874,970

Current assets

 

Debtors

5

535,861

Cash at bank and in hand

 

1

 

535,862

Net assets

 

37,410,832

Capital and reserves

 

Called up share capital

6

48,495

Share premium reserve

37,362,337

Shareholders' funds

 

37,410,832

For the financial period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 October 2023 and signed on its behalf by:
 


Jaswant Singh Khera
Director

 

Wolves UK Manco Limited

Notes to the Unaudited Financial Statements for the Period from 11 October 2021 to 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
111 Power Road
London
W4 5PY

These financial statements were authorised for issue by the Board on 10 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Wolves UK Manco Limited

Notes to the Unaudited Financial Statements for the Period from 11 October 2021 to 31 December 2022

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

4

Investments

2022
$

Investments in subsidiaries

36,874,970

Subsidiaries

$

Cost or valuation

Additions

36,874,970

Provision

Carrying amount

At 31 December 2022

36,874,970

5

Debtors

Current

2022
$

Amounts owed by related parties

535,861

 

Wolves UK Manco Limited

Notes to the Unaudited Financial Statements for the Period from 11 October 2021 to 31 December 2022

6

Share capital

Allotted, called up and fully paid shares

 

2022

 

No.

$

Ordinary Shares of $1 each

1

1

A-1 of $0.01 each

3,500,000

35,000

A-2 of $0.01 each

187,497

1,875

B-1 of $0.01 each

580,936

5,809

B-2 of $0.01 each

193,651

1,937

B-3 of $0.01 each

193,639

1,936

B-4 of $0.01 each

193,627

1,936

 

4,849,351

48,495