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REGISTERED NUMBER: 04427330 (England and Wales)










REPORT OF THE DIRECTORS AND

UNAUDITED

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WLP LONDON LIMITED

WLP LONDON LIMITED (REGISTERED NUMBER: 04427330)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Report of the Directors 2

Consolidated Income Statement 3

Consolidated Balance Sheet 4

Company Balance Sheet 5

Notes to the Consolidated Financial Statements 6


WLP LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C D Grant
A L Fallowfield





SECRETARY: A L Fallowfield





REGISTERED OFFICE: The Brew
Eagle House
163 City Road
London
EC1V 1NR





REGISTERED NUMBER: 04427330 (England and Wales)





ACCOUNTANTS: Kingly Jones LLP
Chartered Accountants
414 Linen Hall
162-168 Regent Street
London
W1B 5TE

WLP LONDON LIMITED (REGISTERED NUMBER: 04427330)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

C D Grant
A L Fallowfield

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C D Grant - Director


25 July 2024

WLP LONDON LIMITED (REGISTERED NUMBER: 04427330)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
Notes £    £   

TURNOVER 1,523,294 1,760,421

Cost of sales 504,260 559,867
GROSS PROFIT 1,019,034 1,200,554

Administrative expenses 1,093,307 1,238,558
OPERATING LOSS 4 (74,273 ) (38,004 )

Amounts written off investments 200 -
LOSS BEFORE TAXATION (74,473 ) (38,004 )

Tax on loss (100 ) (3,854 )
LOSS FOR THE FINANCIAL YEAR (74,373 ) (34,150 )

Loss attributable to:
Owners of the parent (74,373 ) (34,150 )

WLP LONDON LIMITED (REGISTERED NUMBER: 04427330)

CONSOLIDATED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 - -
Tangible assets 7 33,053 41,386
Investments 8 - -
33,053 41,386

CURRENT ASSETS
Debtors 9 365,457 410,337
Cash at bank and in hand 99,200 145,263
464,657 555,600
CREDITORS
Amounts falling due within one year 10 195,031 219,934
NET CURRENT ASSETS 269,626 335,666
TOTAL ASSETS LESS CURRENT LIABILITIES 302,679 377,052

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 301,679 376,052
SHAREHOLDERS' FUNDS 302,679 377,052

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





C D Grant - Director


WLP LONDON LIMITED (REGISTERED NUMBER: 04427330)

COMPANY BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 - -
Tangible assets 7 33,053 41,386
Investments 8 503,126 503,325
536,179 544,711

CURRENT ASSETS
Debtors 9 293,949 391,966
Cash at bank and in hand 51,100 136,511
345,049 528,477
CREDITORS
Amounts falling due within one year 10 467,131 628,001
NET CURRENT LIABILITIES (122,082 ) (99,524 )
TOTAL ASSETS LESS CURRENT LIABILITIES 414,097 445,187

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 413,097 444,187
SHAREHOLDERS' FUNDS 414,097 445,187

Company's loss for the financial year (31,090 ) (31,563 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





C D Grant - Director


WLP LONDON LIMITED (REGISTERED NUMBER: 04427330)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

WLP London 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 General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost and 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 27 ) .

WLP LONDON LIMITED (REGISTERED NUMBER: 04427330)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. OPERATING LOSS

The operating loss is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 16,958 14,733

5. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


6. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 353,637
AMORTISATION
At 1 January 2023
and 31 December 2023 353,637
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

7. TANGIBLE FIXED ASSETS

Group
Plant and
machinery
etc
£   
COST
At 1 January 2023 107,477
Additions 8,625
At 31 December 2023 116,102
DEPRECIATION
At 1 January 2023 66,091
Charge for year 16,958
At 31 December 2023 83,049
NET BOOK VALUE
At 31 December 2023 33,053
At 31 December 2022 41,386

WLP LONDON LIMITED (REGISTERED NUMBER: 04427330)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. TANGIBLE FIXED ASSETS - continued

Company
Plant and
machinery
etc
£   
COST
At 1 January 2023 61,892
Additions 8,625
At 31 December 2023 70,517
DEPRECIATION
At 1 January 2023 20,506
Charge for year 16,958
At 31 December 2023 37,464
NET BOOK VALUE
At 31 December 2023 33,053
At 31 December 2022 41,386

8. FIXED ASSET INVESTMENTS

Company

Included in investments, is £503,125 in respect of the cost of 100% of the ordinary share capital of WLP Vision Limited the company's subsidiary. (registered in England and Wales).

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Trade debtors 324,513 359,194 274,449 341,223
Other debtors 40,944 51,143 19,500 50,743
365,457 410,337 293,949 391,966

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Trade creditors 59,796 76,585 57,359 74,197
Amounts owed to group undertakings - - 283,392 -
Taxation and social security 111,634 119,257 102,779 116,221
Other creditors 23,601 24,092 23,601 437,583
195,031 219,934 467,131 628,001

11. ULTIMATE CONTROLLING PARTY

The controlling party is a director of the company C D Grant.