Registered number
06863557
WYLVA TRADING LIMITED
Filleted Accounts
31 December 2023
WYLVA TRADING LIMITED
Registered number: 06863557
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Investments 4 486,594 456,594
Current assets
Debtors 5 566,584 581,489
Creditors: amounts falling due within one year 6 (51,221) (36,594)
Net current assets 515,363 544,895
Total assets less current liabilities 1,001,957 1,001,489
Creditors: amounts falling due after more than one year 7 (701,762) (701,762)
Net assets 300,195 299,727
Capital and reserves
Called up share capital 1,237 1,237
Share premium 278,572 278,572
Profit and loss account 20,386 19,918
Shareholders' funds 300,195 299,727
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr B Hindocha
Director
Approved by the board on 8 September 2024
WYLVA TRADING LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.
2 Taxation
No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2022.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 456,594
Additions - Barbell Lounge Ltd (15%) 30,000
At 31 December 2023 486,594
The company holds 20% or more of the share capital of the following companies:
Company Shares held Capital and Profit/(Loss)
Class % reserves for the year
£ £
The Really Fine Leisure Co.Ltd Ordinary 100 933,174 248,128
Summit Leisure Clubs Ltd Ordinary 100 108,271 (18,303)
Wylva Properties Ltd Ordinary 100 (124,671) (112,636)
RFL Wellbeing Group Ltd Ordinary 20 35,567 (822,433)
5 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 566,584 581,489
6 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 100 100
Other creditors 51,121 36,494
51,221 36,594
7 Creditors: amounts falling due after one year 2023 2022
£ £
Non-equity preference shares 701,762 701,762
8 Share capital Nominal 2023 2023 2022
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £0.01 each 123,753 1,237 1,237
1,237 1,237
9 Share premium account 2023 2022
£ £
Brought forward 278,572 278,572
Movement in the year - -
278,572 278,572
10 Related party transactions
The company has given an unlimited multilateral guarantee dated 9 February 2011 to its subsidiaries' banker for its borrowings.
11 Other information
WYLVA TRADING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
The Marlow Club
Globeside Business Park
Fieldhouse Lane
Marlow
SL7 1LU
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