Registration number:
WF Financial Solutions Limited
for the Year Ended 31 August 2023
WF Financial Solutions Limited
(Registration number: 09233744)
Balance Sheet as at 31 August 2023
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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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.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
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Director
WF Financial Solutions Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023
Accounting policies |
Statutory information
WF Financial Solutions Limited is a private company, limited by shares, domiciled in England and Wales, company number 09233744. The registered office is at 110 Cannon Street, London, EC4N 6EU.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Going concern
After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Turnover is recognised at the point when the service is complete.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
WF Financial Solutions Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2023 (continued)
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Accounting policies (continued) |
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Debtors |
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Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Creditors |
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Due within one year |
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Amounts owed to group undertakings |
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Taxation and social security |
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Accruals and deferred income |
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Parent and ultimate parent undertaking |
The company's immediate parent is
At the balance sheet date the company's ultimate parent was JKW Property Investments Limited (formally Wilson Field Group Holdings Limited) a company incorporated in England and Wales. The registered office is The Manor House, 260 Ecclesall Road South, Sheffield, South Yorkshire, S11 9PS.
On 11 September 2023, Wilson Field Group Limited was acquired by Frp Advisory Trading Limited, a company incorporated in England and Wales. From this date the company’s ultimate parent became Frp Advisory Group Plc. The registered office is 110 Cannon Street, London, England, EC4N 6EU.