Company No:
Contents
Directors | N Berg |
D Holmes | |
D McMachon | |
R Noah |
Registered office | 65 Fenchurch Street |
London | |
EC3M 4BE | |
United Kingdom |
Company number | 06444781 (England and Wales) |
Accountant | Kreston Reeves LLP |
2nd Floor | |
168 Shoreditch Highstreet | |
London | |
E1 6RA | |
England |
Note | 31.12.2023 | 31.12.2022 | ||
£ | £ | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand | 6 |
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462,904 | 421,948 | |||
Creditors: amounts falling due within one year | 7 | (
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Net current assets | 440,040 | 414,878 | ||
Total assets less current liabilities | 440,040 | 414,878 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 8 |
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Profit and loss account |
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Total shareholder's funds |
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Directors' responsibilities:
The financial statements of Wilson Elser Limited (registered number:
R Noah
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.
Wilson Elser Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 65 Fenchurch Street, London, EC3M 4BE, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Plant and machinery etc. |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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 Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
31.12.2023 | 31.12.2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 January 2023 |
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At 31 December 2023 |
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Accumulated depreciation | |||
At 01 January 2023 |
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At 31 December 2023 |
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Net book value | |||
At 31 December 2023 |
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At 31 December 2022 |
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31.12.2023 | 31.12.2022 | ||
£ | £ | ||
Amounts owed by Group undertakings |
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Other debtors |
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31.12.2023 | 31.12.2022 | ||
£ | £ | ||
Cash at bank and in hand |
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31.12.2023 | 31.12.2022 | ||
£ | £ | ||
Trade creditors |
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Taxation and social security |
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Other creditors |
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31.12.2023 | 31.12.2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Pensions
The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.
The pension cost charge represents contributions payable by the company to the fund and amounted to £13,922 (2022: £14,835).
Transactions with owners holding a participating interest in the entity
During the year the company made net recharges to Wilson Elser Moskowitz Edelman & Dicker LLP, its ultimate controlling party, registered in the United States of America, of £367,170 (2022: £346,677). At the year end the company was owed £435,174 (2022: £399,429) by Wilson Elser Moskowitz Edelman & Dicker LLP. Wilson Elser Moskowitz Edelman & Dicker LLP also repaid £331,425 (2022: £321,040) to the company during the year.
The company is under the control of Wilson Elser Moskowitz Edelman & Dicker LLP, registered in the United States of America.