0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10131878 2022-11-01 2023-10-31 10131878 2023-10-31 10131878 2022-10-31 10131878 2021-11-01 2022-10-31 10131878 2022-10-31 10131878 2021-10-31 10131878 bus:Director1 2022-11-01 2023-10-31 10131878 core:WithinOneYear 2023-10-31 10131878 core:WithinOneYear 2022-10-31 10131878 core:AfterOneYear 2023-10-31 10131878 core:AfterOneYear 2022-10-31 10131878 core:ShareCapital 2023-10-31 10131878 core:ShareCapital 2022-10-31 10131878 core:RetainedEarningsAccumulatedLosses 2023-10-31 10131878 bus:SmallEntities 2022-11-01 2023-10-31 10131878 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 10131878 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10131878 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10131878 bus:FullAccounts 2022-11-01 2023-10-31 10131878 core:AllAssociates 2022-11-01 2023-10-31
COMPANY REGISTRATION NUMBER: 10131878
WGH Management Ltd
Filleted Unaudited Financial Statements
31 October 2023
WGH Management Ltd
Financial Statements
Year ended 31 October 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
WGH Management Ltd
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
Current assets
Debtors
5
716,364
716,364
Cash at bank and in hand
1,084
1,017
---------
---------
717,448
717,381
Creditors: amounts falling due within one year
6
( 689,164)
( 677,116)
---------
---------
Net current assets
28,284
40,265
--------
--------
Total assets less current liabilities
28,284
40,265
Creditors: amounts falling due after more than one year
7
( 28,234)
( 40,165)
--------
--------
Net assets
50
100
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 50)
----
----
Shareholders funds
50
100
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 2 September 2024 , and are signed on behalf of the board by:
Mr S J C Hill
Director
Company registration number: 10131878
WGH Management Ltd
Notes to the Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bedford House Fulham Green, 69-79 Fulham High Street, London, SW6 3JW, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis which relies upon the continuing support of the group and director.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1).
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
666,364
666,364
Other debtors
50,000
50,000
---------
---------
716,364
716,364
---------
---------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,222
4,222
Amounts owed to group undertakings and undertakings in which the company has a participating interest
664,842
652,794
Other creditors
20,100
20,100
---------
---------
689,164
677,116
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
28,234
40,165
--------
--------
8. Related party transactions
At the year end the company owed £20,100 (2022: £20,100) to companies associated by common control.
9. Controlling party
The ultimate parent company is London Place Group Limited , a company registered in England & Wales. The registered address of the ultimate controlling party is: Bedford House Fulham Green, 69-79 Fulham High Street, London, United Kingdom, SW6 3JW .