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REGISTERED NUMBER: 05140637 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WOLFVISION UK LTD

WOLFVISION UK LTD (REGISTERED NUMBER: 05140637)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WOLFVISION UK LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: M Lisch





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 05140637 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

WOLFVISION UK LTD (REGISTERED NUMBER: 05140637)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 567 1,133

CURRENT ASSETS
Debtors 5 85,729 14,329
Cash at bank 86,751 169,225
172,480 183,554
CREDITORS
Amounts falling due within one year 6 42,966 69,550
NET CURRENT ASSETS 129,514 114,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,081

115,137

CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Retained earnings 110,081 95,137
SHAREHOLDERS' FUNDS 130,081 115,137

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 April 2024 and were signed by:





M Lisch - Director


WOLFVISION UK LTD (REGISTERED NUMBER: 05140637)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

WolfVision UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's trading address is Jubilee House, Third Avenue, Marlow, SL7 1EY.

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 financial statements have been prepared on a going concern basis as the parent company, WolfVision GmbH, will continue to provide support to WolfVision UK Limited for a period of at least 12 months and 1 day from the date the audit report attached to these financial statements is signed.

Related party exemption
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.

Turnover
Turnover is a cost recharge to Wolfvision GmbH in accordance with their agreement. All revenue is derived in the UK and billed in GBP to Wolfvision GmbH. Turnover is wholly attributable to the principal activity of the company. Turnover is recognised, exclusive of VAT, when costs are incurred.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

WOLFVISION UK LTD (REGISTERED NUMBER: 05140637)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Basic Financial Instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 1,700
DEPRECIATION
At 1 January 2023 567
Charge for year 566
At 31 December 2023 1,133
NET BOOK VALUE
At 31 December 2023 567
At 31 December 2022 1,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 72,683 -
Other debtors 13,046 14,329
85,729 14,329

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,487 2,507
Amounts owed to group undertakings - 25,840
Taxation and social security 20,789 17,813
Other creditors & accruals 19,690 23,390
42,966 69,550

WOLFVISION UK LTD (REGISTERED NUMBER: 05140637)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 9,984 9,984
Between one and five years - 9,984
9,984 19,968

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
20,000 Ordinary £1 20,000 20,000

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

The Report of the Auditors was unqualified.

Emma Crowley (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"Use of report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Georg Wolf.

Mr Georg Wolf is deemed to be the ultimate controlling party by virtue of their effective 100% shareholding in Wolfvision UK Limited.

11. ULTIMATE PARENT COMPANY

The ultimate parent undertaking is WolfVision GmbH, a company incorporated in Austria which owns 100% of WolfVision UK Limited. WolfVision GmbH is the smallest and largest entity preparing group financial statements which includes results and net assets of the Company. Copies of the consolidated financial statements of WolfVision GmbH are available from Oberes Ried 14, A-6833 Klaus, Austria.