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Registration number: 13072307

Wisper Corporate Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Wisper Corporate Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Wisper Corporate Ltd

Company Information

Director

Maxime Marcel Gerard Didier

Registered office

Becket House
1 Lambeth Palace Road
London
SE1 7EU

Accountants

Carbon Accountancy Limited
Chartered Accountants
80-83 Long Lane
London
EC1A 9ET

 

Wisper Corporate Ltd

(Registration number: 13072307)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

42

542

Current assets

 

Debtors

5

1,885

1,574

Cash at bank and in hand

 

2,065

5,524

 

3,950

7,098

Creditors: Amounts falling due within one year

6

(251,162)

(223,463)

Net current liabilities

 

(247,212)

(216,365)

Net liabilities

 

(247,170)

(215,823)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(247,171)

(215,824)

Shareholders' deficit

 

(247,170)

(215,823)

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 December 2024
 

.........................................
Maxime Marcel Gerard Didier
Director

 

Wisper Corporate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Becket House
1 Lambeth Palace Road
London
SE1 7EU

These financial statements were authorised for issue by the director on 26 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

The company has net liabilities of £247,170 and it owes its parent company £244,109. The company remains dependent on the support of the parent company which the directors believe is continuing.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Wisper Corporate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% Straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Wisper Corporate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

1,500

1,500

At 31 December 2023

1,500

1,500

Depreciation

At 1 January 2023

958

958

Charge for the year

500

500

At 31 December 2023

1,458

1,458

Carrying amount

At 31 December 2023

42

42

At 31 December 2022

542

542

5

Debtors

Current

2023
£

2022
£

Other debtors

1,885

1,574

 

1,885

1,574

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

2,142

1,404

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

244,109

217,461

Taxation and social security

 

3,248

3,248

Accruals and deferred income

 

1,663

1,350

 

251,162

223,463

 

Wisper Corporate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

8

Related party transactions

Loans from related parties

2023

Parent
£

Total
£

At start of period

217,461

217,461

Advanced

26,648

26,648

At end of period

244,109

244,109

2022

Parent
£

Total
£

At start of period

126,666

126,666

Advanced

90,795

90,795

At end of period

217,461

217,461

Terms of loans from related parties

Interest free loan from parent.
 

9

Parent and ultimate parent undertaking

The company's immediate parent is Wisper SAS, incorporated in France.

 The ultimate controlling party is Maxime Marcel Gerard Didier.