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REGISTERED NUMBER: 09483014 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

WILLSUITE LTD.

WILLSUITE LTD. (REGISTERED NUMBER: 09483014)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WILLSUITE LTD.

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: J Espley
A G Ghiazza
C D Champion





REGISTERED OFFICE: Level 1
Regal House
London Road
Twickenham
TW1 3QS





REGISTERED NUMBER: 09483014 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

WILLSUITE LTD. (REGISTERED NUMBER: 09483014)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,922 12,741

CURRENT ASSETS
Debtors 5 2,079,199 48,974
Cash at bank 480,966 925,991
2,560,165 974,965
CREDITORS
Amounts falling due within one year 6 1,772,665 255,762
NET CURRENT ASSETS 787,500 719,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

800,422

731,944

PROVISIONS FOR LIABILITIES 3,185 3,185
NET ASSETS 797,237 728,759

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 797,137 728,659
SHAREHOLDERS' FUNDS 797,237 728,759

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





J Espley - Director


WILLSUITE LTD. (REGISTERED NUMBER: 09483014)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Willsuite Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The trading address of the company is The Hub, 40 Friar Lane, Nottingham, NG1 6DQ.

2. ACCOUNTING POLICIES

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

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of 12 months and one day from the date these financial statements were approved. The directors expect the company to continue as a going concern with the additional financial support of its parent company, Leap Legal Software Ltd, as and when it becomes required.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company's turnover relates to the provision of a legal software on a subscription basis. Turnover is recognised on an accruals basis over time only when the company has satisfied its performance obligations.

Where invoices are raised in advance, deferred revenue is accounted for.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc -straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


WILLSUITE LTD. (REGISTERED NUMBER: 09483014)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic financial instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by section 12 of FRS 102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 8 ) .

WILLSUITE LTD. (REGISTERED NUMBER: 09483014)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 27,911
Additions 7,153
At 30 June 2024 35,064
DEPRECIATION
At 1 July 2023 15,170
Charge for year 6,972
At 30 June 2024 22,142
NET BOOK VALUE
At 30 June 2024 12,922
At 30 June 2023 12,741

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by group undertakings 2,014,615 -
Other debtors 64,584 48,974
2,079,199 48,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 2,798 15,430
Amounts owed to group undertakings 1,606,000 34,219
Taxation and social security 49,094 106,995
Other creditors & accruals 114,773 99,118
1,772,665 255,762

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 30,750 34,747
Between one and five years 7,498 16,044
38,248 50,791

WILLSUITE LTD. (REGISTERED NUMBER: 09483014)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emma Crowley (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-
"Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
S L Shakh
Balance outstanding at start of year 1,521 (25,088 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,521 1,521

11. POST BALANCE SHEET EVENTS

Effective from 1 July 2024, the Company purchased two fellow group companies' assets, liabilities and intellectual property. All items included within the balance sheet were transferred to Willsuite Ltd. and the two fellow group companies' have continued to provide services to their current customers.

WILLSUITE LTD. (REGISTERED NUMBER: 09483014)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

12. ULTIMATE CONTROLLING PARTY

The immediate parent company is Leap Legal Software Ltd, a company incorporated in England and Wales.

The smallest group to consolidate the results and financial position of the company is Legal Software Holdings Pty Ltd. Copies of the Legal Software Holdings Pty Ltd are publicly available and can be obtained from the Australian Securities & Investments Commission (ASIC), at asic.gov.au or from the registered office Level 11, 207 Kent Street, Sydney, 2000, NSW, Australia.

The largest group to consolidate the results and financial position of the company is ATI Global Limited. Copies of the ATI Global Limited financial statements are publicly available and can be obtained from the Australian Securities & Investments Commission (ASIC), at asic.gov.au or from the ATI Global Limited registered office Level 8, 135 King Street, Sydney, 2000, NSW, Australia.

The Company's ultimate parent, ATI Global Limited, is controlled by C M Beck, who is regarded as the ultimate controlling party.