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REGISTERED NUMBER: 09054925 (England and Wales)












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: R Barnert





REGISTERED OFFICE: 6/F, Cheong Sun Tower
118 Wing Lok Street
Sheung Wan





REGISTERED NUMBER: 09054925 (England and Wales)





ACCOUNTANTS: Kilby Fox
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 5 827,764 827,764
Cash at bank 2,887 3,038
830,651 830,802
CREDITORS
Amounts falling due within one year 6 708,863 609,509
NET CURRENT ASSETS 121,788 221,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,788

221,293

RESERVES
Retained earnings 121,788 221,293
SHAREHOLDERS' FUNDS 121,788 221,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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 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 6 February 2024 and were signed by:





R Barnert - Director


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 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.

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery etc - 25% on cost

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 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant &
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 6,151
DEPRECIATION
At 1 January 2022
and 31 December 2022 6,151
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 793,418 793,418
Amounts owed by participating interests 34,346 34,346
827,764 827,764

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,371 2,236
Amounts owed to participating interests 196,195 137,160
Taxation and social security 23,363 6,464
Other creditors 487,934 463,649
708,863 609,509

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 WeConvene Limited, a Company incorporated in Hong Kong.