REGISTERED NUMBER: |
WeConvene Trading Limited |
Unaudited Financial Statements |
for the Year Ended 31 December 2022 |
REGISTERED NUMBER: |
WeConvene Trading Limited |
Unaudited Financial Statements |
for the Year Ended 31 December 2022 |
WeConvene Trading Limited (Registered number: 09054925) |
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
WeConvene Trading Limited |
Company Information |
for the Year Ended 31 December 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
4 Pavilion Court |
600 Pavilion Drive |
Northampton Business Park |
Northampton |
Northamptonshire |
NN4 7SL |
WeConvene Trading Limited (Registered number: 09054925) |
Balance Sheet |
31 December 2022 |
2022 | 2021 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the director and authorised for issue on |
WeConvene Trading Limited (Registered number: 09054925) |
Notes to the Financial Statements |
for the Year Ended 31 December 2022 |
1. | STATUTORY INFORMATION |
WeConvene Trading Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The Financial Statements have been prepared on a going concern basis. The Company is reliant upon the support of WeConvene Limited, its ultimate parent undertaking, a Company registered in Hong Kong. WeConvene Limited has confirmed that it will continue to provide the necessary financial support to the Company for the foreseeable future in order for it to meet its liabilities as and when they fall due. |
Tangible fixed assets |
Plant & machinery etc | - |
Foreign currencies |
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the Balance Sheet date. |
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. |
Exchange gains and losses are recognised in the Profit and Loss Account. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant & |
machinery |
etc |
£ |
COST |
At 1 January 2022 |
and 31 December 2022 |
DEPRECIATION |
At 1 January 2022 |
and 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
WeConvene Trading Limited (Registered number: 09054925) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Amounts owed by group undertakings |
Amounts owed by participating interests | 34,346 | 34,346 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Amounts owed to participating interests | 196,195 | 137,160 |
Taxation and social security |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
Included within debtors is an amount of £793,418 (2021 : £793,418) owing from WeConvene Limited, a Company registered in Hong Kong and the ultimate parent Company. |
Included within debtors is an amount of £34,346 (2021 : £34,346) due from WeConvene Incorporated, a Company registered in the Philippines and a fellow subsidiary. Also included within debtors is £NIL (2021 : £NIL) due from WeConvene Incorporated, a Company registered in America. Included within creditors is £196,195 (2021 : £137,160) due to WeConvene Incorporated, a Company registered in America. |
The company has taken advantage of the exemption within FRS102 from disclosing transactions with wholly owned subsidiaries. |
8. | ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY |
The controlling party is WeConvene Limited, a Company incorporated in Hong Kong. |
The ultimate controlling party is |