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Company No: 13504251 (England and Wales)

WR BXT FUSION LTD

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

WR BXT FUSION LTD

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

WR BXT FUSION LTD

STATEMENT OF FINANCIAL POSITION

As at 31 August 2023
WR BXT FUSION LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2023
Note 31.08.2023 31.08.2022
£ £
Fixed assets
Investments 3 34 34
34 34
Current assets
Debtors 4 833,312 833,312
833,312 833,312
Creditors: amounts falling due within one year 5 ( 834,374) ( 833,336)
Net current liabilities (1,062) (24)
Total assets less current liabilities (1,028) 10
Net (liabilities)/assets ( 1,028) 10
Capital and reserves
Called-up share capital 6 10 10
Profit and loss account ( 1,038 ) 0
Total shareholder's (deficit)/funds ( 1,028) 10

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of WR BXT Fusion Ltd (registered number: 13504251) were approved and authorised for issue by the Director. They were signed on its behalf by:

W P Rosenberg
Director

11 March 2024

WR BXT FUSION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
WR BXT FUSION LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

WR BXT Fusion Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The principal activity of the Company during the financial period was that of a holding company.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, 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 method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

Year ended
31.08.2023
Period from
09.07.2021 to
31.08.2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Fixed asset investments

Investments in associates Total
£ £
Cost or valuation before impairment
At 01 September 2022 34 34
At 31 August 2023 34 34
Carrying value at 31 August 2023 34 34
Carrying value at 31 August 2022 34 34

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.08.2023
Ownership
31.08.2022
Fusion BXT Limited 35 Ballards Lane, London, N3 1XW Holding company Ordinary 33.56% 33.56%

4. Debtors

31.08.2023 31.08.2022
£ £
Other debtors 833,312 833,312

5. Creditors: amounts falling due within one year

31.08.2023 31.08.2022
£ £
Trade creditors 690 0
Other creditors 833,684 833,336
834,374 833,336

6. Called-up share capital

31.08.2023 31.08.2022
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10