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Company No: 13176976 (England and Wales)

WISNIA INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

WISNIA INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

WISNIA INVESTMENTS LIMITED

COMPANY INFORMATION

For the financial year ended 29 February 2024
WISNIA INVESTMENTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 29 February 2024
DIRECTOR Samuel Jonathan Wisnia
SECRETARY Taylor Wessing Secretaries Limited
REGISTERED OFFICE 5 New Street Square
London
EC4A 3TW
United Kingdom
COMPANY NUMBER 13176976 (England and Wales)
WISNIA INVESTMENTS LIMITED

BALANCE SHEET

As at 29 February 2024
WISNIA INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 10,433,459 11,025,647
10,433,459 11,025,647
Current assets
Debtors 4 13,792 1,876
Cash at bank and in hand 3,189,190 2,381,958
3,202,982 2,383,834
Creditors: amounts falling due within one year 5 ( 8,774,820) ( 8,826,077)
Net current liabilities (5,571,838) (6,442,243)
Total assets less current liabilities 4,861,621 4,583,404
Net assets 4,861,621 4,583,404
Capital and reserves
Called-up share capital 100 100
Profit and loss account 4,861,521 4,583,304
Total shareholders' funds 4,861,621 4,583,404

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Wisnia Investments Limited (registered number: 13176976) were approved and authorised for issue by the Director on 29 November 2024. They were signed on its behalf by:

Samuel Jonathan Wisnia
Director
WISNIA INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
WISNIA INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wisnia Investments 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 5 New Street Square, London, EC4A 3TW, United Kingdom.

The financial statements have been prepared under the historical cost convention, 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably).

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.

Impairment of assets

Assets are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at cost which is the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment as their fair value cannot be reliably measured.

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.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 1 1

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 March 2023 11,025,647 11,025,647
Additions 428,691 428,691
Disposals ( 1,020,879) ( 1,020,879)
At 29 February 2024 10,433,459 10,433,459
Carrying value at 29 February 2024 10,433,459 10,433,459
Carrying value at 28 February 2023 11,025,647 11,025,647

4. Debtors

2024 2023
£ £
Other debtors 13,792 1,876

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 89,997 40,466
Other creditors 8,684,823 8,785,611
8,774,820 8,826,077

6. Related party transactions

Included in other creditors is a loan received from a company in which the Director of Wisnia Investments Limited is also a Director. This loan is interest free and is repayable upon demand. At the balance sheet date the amount due to the company was £2,069,993 ($2,621,904) (2022 - £2,166,375 ($2,621,904)).