WLI DR & J HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
WLI DR & J Holdings Ltd is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is Fourth Floor, Abbots House, Abbey Street, Reading, Berkshire RG1 3BD.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.
The company was incorporated on 8 April 2022 so the comparatives are for the period 8 April 2022 to 31 December 2022.
The following principal accounting policies have been applied:
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Exemption from preparing consolidated financial statements
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The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.
The Directors have considered the financial requirements of the company alongside the intention that the company will remain an investment holding company in the future. Should any liabilities arise, the group has confirmed that it will make available such funds as are needed by the company for a period of at least 12 months from the date of approval of these accounts.
The Directors have considered this, alongside the financial position of the wider group, and believe that it remains appropriate to continue to prepare the financial statements on a going concern basis.
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