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Company Registration No. 11087789 (England and Wales)
WYF Ventures Ltd Unaudited accounts for the year ended 30 November 2023
WYF Ventures Ltd Unaudited accounts Contents
Page
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WYF Ventures Ltd Company Information for the year ended 30 November 2023
Directors
Asefa Afa Asefa Adiam
Company Number
11087789 (England and Wales)
Registered Office
31 Eresby Place Eresby Place London NW6 4JT England
Accountants
Ratnam Accountants 203 Kilburn High Road London NW6 7HY
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WYF Ventures Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,752 
4,073 
Current assets
Debtors
36,329 
42,973 
Cash at bank and in hand
37,156 
69,236 
73,485 
112,209 
Creditors: amounts falling due within one year
(29,257)
(44,802)
Net current assets
44,228 
67,407 
Net assets
46,980 
71,480 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
46,978 
71,478 
Shareholders' funds
46,980 
71,480 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2024 and were signed on its behalf by
Asefa Afa Director Company Registration No. 11087789
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WYF Ventures Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
WYF Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 11087789. The registered office is 31 Eresby Place Eresby Place, London, NW6 4JT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
4,234 
1,963 
6,197 
At 30 November 2023
4,234 
1,963 
6,197 
Depreciation
At 1 December 2022
1,566 
558 
2,124 
Charge for the year
870 
451 
1,321 
At 30 November 2023
2,436 
1,009 
3,445 
Net book value
At 30 November 2023
1,798 
954 
2,752 
At 30 November 2022
2,668 
1,405 
4,073 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
36,329 
42,973 
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WYF Ventures Ltd Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
9,318 
6,853 
Taxes and social security
7,253 
24,340 
Loans from directors
12,686 
7,556 
Accruals
- 
6,053 
29,257 
44,802 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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