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REGISTERED NUMBER: 11225884 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2024

for

WAD Capital Ltd

WAD Capital Ltd (Registered number: 11225884)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


WAD Capital Ltd (Registered number: 11225884)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 168,056 168,056

CURRENT ASSETS
Debtors 5 57,200 57,200
Cash at bank 1,326 255
58,526 57,455
CREDITORS
Amounts falling due within one year 6 (249,802 ) (238,549 )
NET CURRENT LIABILITIES (191,276 ) (181,094 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,220

)

(13,038

)

CREDITORS
Amounts falling due after more than one
year

7

(11,962

)

(20,161

)
NET LIABILITIES (35,182 ) (33,199 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (35,184 ) (33,201 )
(35,182 ) (33,199 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WAD Capital Ltd (Registered number: 11225884)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





J S Dhariwal - Director


WAD Capital Ltd (Registered number: 11225884)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

WAD Capital Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11225884

Registered office: 241 Singlewell Road
Gravesend
Kent
DA11 7RN

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Going concern
The balance sheet at the end of the year recorded net liabilities. However, the directors believe that sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 168,056
NET BOOK VALUE
At 31 March 2024 168,056
At 31 March 2023 168,056

WAD Capital Ltd (Registered number: 11225884)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related parties 57,200 57,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,077 9,088
Trade creditors 265 -
Amounts owed by related parties 239,470 -
Other creditors 990 229,461
249,802 238,549

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,962 20,161