Registered number
10415442
WK ENTERPRISE LTD
Filleted Accounts
28 February 2023
WK ENTERPRISE LTD
Registered number: 10415442
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 750,300 750,300
Current assets
Debtors 4 2,824,126 2,824,126
Net current assets 2,824,126 2,824,126
Net assets 3,574,426 3,574,426
Capital and reserves
Called up share capital 750,400 750,400
Profit and loss account 2,824,026 2,824,026
Shareholders' funds 3,574,426 3,574,426
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Wahid Murtaza
Director
Approved by the board on 23 November 2023
WK ENTERPRISE LTD
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 March 2022 750,300
At 28 February 2023 750,300
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,824,126 2,824,126
5 Investments held as current assets 2023 2022
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Intercompany loans written off - (10,000)
6 Other information
WK ENTERPRISE LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2a, Antler Complex
Bruntcliffe Way
Morley
West Yorkshire
LS27 0JG
7 Investments in group undertakings
Subsidiary undertakings Class of share Percentage
of shares held
Lux-rooms Ltd Ordinary 100
8N19W Ltd Ordinary 100
AKH Holdings Ltd Ordinary 100
Mayaisha Holdings Ltd Ordinary 100
8 Controlling party
The controlling party is Mr W Murtaza and Mr K Ahmed by virtue of their ownership of the enitire
issued ordinary share capital of the company.
9 Share Capital
Number of Total share
Class description Par value Shares Value
A Ordinary Shares 1 375,200 375,200
B Ordinary Shares 1 375,200 375,200
750,400
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