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REGISTERED NUMBER: 12582078 (England and Wales)


















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WEPROTECT GLOBAL ALLIANCE LIMITED

WEPROTECT GLOBAL ALLIANCE LIMITED (REGISTERED NUMBER: 12582078)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WEPROTECT GLOBAL ALLIANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S G Davis
Mr I N R Drennan
Baroness J Shields





REGISTERED OFFICE: 16 Upper Woburn Place
London
WC1H 0AF





REGISTERED NUMBER: 12582078 (England and Wales)





AUDITORS: Haines Watts
Chartered Accountants & Statutory Auditors
Old Station House
Station Approach
Swindon
Wiltshire
SN1 3DU

WEPROTECT GLOBAL ALLIANCE LIMITED (REGISTERED NUMBER: 12582078)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31/12/23 31/12/22
Notes €    €    €    €   
FIXED ASSETS
Tangible assets 4 2,711 3,092

CURRENT ASSETS
Debtors 5 6,134 3,371
Cash at bank 53,926 372,305
60,060 375,676
CREDITORS
Amounts falling due within one year 6 62,771 378,768
NET CURRENT LIABILITIES (2,711 ) (3,092 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-


RESERVES - -

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mr I N R Drennan - Director


WEPROTECT GLOBAL ALLIANCE LIMITED (REGISTERED NUMBER: 12582078)

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

1. STATUTORY INFORMATION

WeProtect Global Alliance 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 Company Information page.

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.

Going concern
The directors have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the Company to continue as a going concern.

The directors have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the directors have considered the Company's forecasts and projections, ,included future funding from grants that have already been received, as well as funds that are expected to be received. The directors have concluded there is a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

As the ultimate controlling party Stichting The WeProtect Global Alliance provides funding to WeProtect Global Alliance Ltd to carry out the work and the Stichting has funding agreements in place with various funders to do so. The Stichting has confirmed it will continue the funding support for WeProtect Global Alliance Ltd for at least a period of 12 months beyond the date the accounts were signed.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


WEPROTECT GLOBAL ALLIANCE LIMITED (REGISTERED NUMBER: 12582078)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
€   
COST
At 1 January 2023 9,683
Additions 2,345
At 31 December 2023 12,028
DEPRECIATION
At 1 January 2023 6,591
Charge for year 2,726
At 31 December 2023 9,317
NET BOOK VALUE
At 31 December 2023 2,711
At 31 December 2022 3,092

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
€    €   
Other debtors 6,134 3,371

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
€    €   
Trade creditors 4,503 5,928
Amounts owed to group undertakings 1,322 331,817
Taxation and social security 29,208 16,897
Other creditors 27,738 24,126
62,771 378,768

WEPROTECT GLOBAL ALLIANCE LIMITED (REGISTERED NUMBER: 12582078)

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

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susan Plumb (Senior Statutory Auditor)
for and on behalf of Haines Watts

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemptions in FRS 102 not to disclose details of transactions entered into with its ultimate parent company.

9. ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking and controlling party is Stichting The WeProtect Global Alliance, an entity registered in Netherlands.