Silverfin false false 31/12/2023 01/01/2023 31/12/2023 N Berg 01/09/2020 D Holmes 01/09/2020 D McMachon 01/09/2020 R Noah 01/09/2020 28 September 2024 Wilson Elser Limited (the Company) is a limited company incorporated and domiciled in England & Wales. The address of its registered office and principal place of business are disclosed on the company information page. The company is a property management company. 06444781 2023-12-31 06444781 bus:Director1 2023-12-31 06444781 bus:Director2 2023-12-31 06444781 bus:Director3 2023-12-31 06444781 bus:Director4 2023-12-31 06444781 core:CurrentFinancialInstruments 2023-12-31 06444781 core:CurrentFinancialInstruments 2022-12-31 06444781 2022-12-31 06444781 core:ShareCapital 2023-12-31 06444781 core:ShareCapital 2022-12-31 06444781 core:RetainedEarningsAccumulatedLosses 2023-12-31 06444781 core:RetainedEarningsAccumulatedLosses 2022-12-31 06444781 core:OtherPropertyPlantEquipment 2022-12-31 06444781 core:OtherPropertyPlantEquipment 2023-12-31 06444781 bus:OrdinaryShareClass1 2023-12-31 06444781 2023-01-01 2023-12-31 06444781 bus:FilletedAccounts 2023-01-01 2023-12-31 06444781 bus:SmallEntities 2023-01-01 2023-12-31 06444781 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06444781 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06444781 bus:Director1 2023-01-01 2023-12-31 06444781 bus:Director2 2023-01-01 2023-12-31 06444781 bus:Director3 2023-01-01 2023-12-31 06444781 bus:Director4 2023-01-01 2023-12-31 06444781 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-01-01 2023-12-31 06444781 2022-01-01 2022-12-31 06444781 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 06444781 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06444781 (England and Wales)

WILSON ELSER LIMITED

Unaudited Financial Statements
For the 12 month period ended 31 December 2023
Pages for filing with the registrar

WILSON ELSER LIMITED

Unaudited Financial Statements

For the 12 month period ended 31 December 2023

Contents

WILSON ELSER LIMITED

COMPANY INFORMATION

For the 12 month period ended 31 December 2023
WILSON ELSER LIMITED

COMPANY INFORMATION (continued)

For the 12 month period ended 31 December 2023
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
WILSON ELSER LIMITED

BALANCE SHEET

As at 31 December 2023
WILSON ELSER LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023 31.12.2022
£ £
Current assets
Debtors 5 435,174 399,907
Cash at bank and in hand 6 27,730 22,041
462,904 421,948
Creditors: amounts falling due within one year 7 ( 22,864) ( 7,070)
Net current assets 440,040 414,878
Total assets less current liabilities 440,040 414,878
Net assets 440,040 414,878
Capital and reserves
Called-up share capital 8 1 1
Profit and loss account 440,039 414,877
Total shareholder's funds 440,040 414,878

For the financial period ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Wilson Elser Limited (registered number: 06444781) were approved and authorised for issue by the Board of Directors on 28 September 2024. They were signed on its behalf by:

R Noah
Director
WILSON ELSER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the 12 month period ended 31 December 2023
WILSON ELSER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the 12 month period ended 31 December 2023
1. Accounting policies

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.

General information and basis of accounting

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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

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.

Pensions

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.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

31.12.2023 31.12.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 7 7

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 18,023 18,023
At 31 December 2023 18,023 18,023
Accumulated depreciation
At 01 January 2023 18,023 18,023
At 31 December 2023 18,023 18,023
Net book value
At 31 December 2023 0 0
At 31 December 2022 0 0

5. Debtors

31.12.2023 31.12.2022
£ £
Amounts owed by Group undertakings 435,174 399,429
Other debtors 0 478
435,174 399,907

6. Cash and cash equivalents

31.12.2023 31.12.2022
£ £
Cash at bank and in hand 27,730 22,041

7. Creditors: amounts falling due within one year

31.12.2023 31.12.2022
£ £
Trade creditors 4,610 ( 1,593)
Taxation and social security 15,254 5,663
Other creditors 3,000 3,000
22,864 7,070

8. Called-up share capital

31.12.2023 31.12.2022
£ £
Allotted, called-up and fully-paid
1 A Class ordinary share of £ 1.00 1 1

9. Financial commitments

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).

10. Related party transactions

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.

11. Ultimate controlling party

The company is under the control of Wilson Elser Moskowitz Edelman & Dicker LLP, registered in the United States of America.