2023-02-022024-02-282024-02-28false14635906WL-OZ INVESTMENT 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WL-OZ INVESTMENT LIMITED

Registered Number
14635906
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2024

WL-OZ INVESTMENT LIMITED
Company Information
for the period from 2 February 2023 to 28 February 2024

Directors

OTTO, Maggie
WANG, Lu

Registered Address

Flat 9 Westminster Gardens
Marsham Street
London
SW1P 4JA

Registered Number

14635906 (England and Wales)
WL-OZ INVESTMENT LIMITED
Balance Sheet as at
28 February 2024

Notes

2024

£

£

Fixed assets
Tangible assets31,299,863
1,299,863
Current assets
Cash at bank and on hand5
5
Creditors amounts falling due within one year(1,200)
Net current assets (liabilities)(1,195)
Total assets less current liabilities1,298,668
Creditors amounts falling due after one year(1,405,940)
Net assets(107,272)
Capital and reserves
Called up share capital100
Profit and loss account(107,372)
Shareholders' funds(107,272)
The financial statements were approved and authorised for issue by the Board of Directors on 4 July 2024, and are signed on its behalf by:
OTTO, Maggie
Director
WANG, Lu
Director

Registered Company No. 14635906
WL-OZ INVESTMENT LIMITED
Notes to the Financial Statements
for the period ended 28 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. A deferred tax liability on capital allowances linked to investment properties has not been provided as it is expected that they will not reverse when the properties are disposed of.
Investments
Investment properties are those properties that are held either to earn rental income or for capital appreciation or both. Investment properties are initially measured at cost including transaction costs and thereafter are stated at fair value, which reflects market conditions at the balance sheet date. Surpluses and deficits arising from the changes in the fair value of investment properties are recognised in the Statement of Comprehensive Income in the year in which they arise. Investment properties are stated at fair value as determined by the Directors, based upon external valuations. The fair value represents the amount at which the assets could be exchanged between a knowledgeable, willing buyer and a knowledgeable, willing seller in an arms-length transaction at the date of valuation, in accordance with International Valuation Standards. In determining the fair value of investment properties, the directors make use of historical and current market data as well as existing lease agreements. Additions and disposal of investment properties are recognised in the accounts when the risks and rewards of the ownership are transferred.
2.Average number of employees

2024
Average number of employees during the year0
3.Tangible fixed assets

Total

£
Cost or valuation
Additions1,299,863
At 28 February 241,299,863
Net book value
At 28 February 241,299,863
At 01 February 23-
4.Related party transactions
The company was under the control of Ms. Maggie Otto and Ms. Lu Wang as at 28 February 2024, they are the managing directors and shareholders with an equal shareholdings of the company. Transactions with directors mainly arose business expenses paid on behalf of the company. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.