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REGISTERED NUMBER: 10747578 (England and Wales)












AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

WRITER INFORMATION UK PRIVATE LIMITED

WRITER INFORMATION UK PRIVATE LIMITED (REGISTERED NUMBER: 10747578)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WRITER INFORMATION UK PRIVATE LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTOR: Denzil Desouza





REGISTERED OFFICE: Magma House, 16 Davy Court
Castle Mound Way
Rugby
CV230UZ





REGISTERED NUMBER: 10747578 (England and Wales)





AUDITORS: Magma Audit LLP
Chartered Accountants
Statutory Auditor
Magma House, 16 Davy Court
Castle Mound Way
Rugby
CV23 0UZ

WRITER INFORMATION UK PRIVATE LIMITED (REGISTERED NUMBER: 10747578)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 380,000 501,431

CURRENT ASSETS
Debtors: amounts falling due within one year 5 26,600 21,013
Debtors: amounts falling due after more than
one year

5

74,127

72,801
Cash at bank 180 10,275
100,907 104,089
CREDITORS
Amounts falling due within one year 6 (14,711 ) (8,810 )
NET CURRENT ASSETS 86,196 95,279
TOTAL ASSETS LESS CURRENT
LIABILITIES

466,196

596,710

CREDITORS
Amounts falling due after more than one
year

7

(95,575

)

(95,575

)
NET ASSETS 370,621 501,135

CAPITAL AND RESERVES
Called up share capital 613,848 613,848
Retained earnings (243,227 ) (112,713 )
370,621 501,135

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2023 and were signed by:





Denzil Desouza - Director


WRITER INFORMATION UK PRIVATE LIMITED (REGISTERED NUMBER: 10747578)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Writer Information UK Private Limited is a limited company, registered in England and Wales. Its registered office address is Magma House, 16 Davy Court, Castle Mound Way, Rugby, United Kingdom, CV23 0UZ and the registered number is 10747578.

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 presentational currency of the financial statements is Pound Sterling (£) and figures are rounded to the nearest £1.

Going concern
The director has prepared the financial statements on a going concern basis. The director considers the company to have sufficient resources and support to meet its liabilities as they fall due for at least 12 months from the signing of these financial statements and have therefore prepared the financial statements on a going concern basis. Further to this, the parent company, Writer Business Services Private Limited, has the ability and the intention to continue supporting the company's operating activities for at least 12 months from the date of approval.

Preparation of consolidated financial statements
The financial statements contain information about Writer Information UK Private Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investment in the subsidiary company is held at cost less accumulated impairment losses.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


WRITER INFORMATION UK PRIVATE LIMITED (REGISTERED NUMBER: 10747578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Interest receivable and interest payable
Interest payable and similar charges include net foreign exchange losses that are recognised in the profit and loss account.

Other interest receivable and similar income include net foreign exchange income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 555,272
PROVISIONS
At 1 April 2022 53,841

Impairments 121,431
At 31 March 2023 175,272
NET BOOK VALUE
At 31 March 2023 380,000
At 31 March 2022 501,431

WRITER INFORMATION UK PRIVATE LIMITED (REGISTERED NUMBER: 10747578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Intelics Solutions Nigeria Limited
Registered office: Office No.5, Yinka - Oba Industrial Estate, Surulere Industrial Road, Off-Adeniyi Jones, Ikeja, Lagos, Nigeria
Nature of business: Service Company
%
Class of shares: holding
Ordinary 99.99

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 26,600 20,900
Other debtors - 113
26,600 21,013

Amounts falling due after more than one year:
Amounts owed by group undertakings 74,127 72,801

Aggregate amounts 100,727 93,814

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 875 12
Amounts owed to group undertakings 5,308 2,436
Other creditors 8,528 6,362
14,711 8,810

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 95,575 95,575

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Victoria Craig (Senior Statutory Auditor)
for and on behalf of Magma Audit LLP

9. RELATED PARTY DISCLOSURES

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.

At the year end £100,727 (2022: £93,701) was owed by Intelics Solutions Nigeria Limited, a subsidiary. During the year, interest of £5,700 (2022: £2,380) was charged on the outstanding loan balance.

WRITER INFORMATION UK PRIVATE LIMITED (REGISTERED NUMBER: 10747578)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


10. ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking and controlling party is Writer Business Services Private Limited, registered at 105, Dr. B. Ambedkar Road, Lalbaug, Mumbai - 400 033, India.

Writer Business Services Private Limited has two ultimate beneficial owners:

Mr Denzil Vincent de Souza
Mrs Cynthia Maria de Souza

The consolidated accounts of the group are available to the public and may be obtained from Writer Business Services Private Limited., registered at 105, Dr. B. Ambedkar Road, Lalbaug, Mumbai - 400 033, India.