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WB CAPITAL 1 LIMITED

Registered Number
14667410
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2023

WB CAPITAL 1 LIMITED
Company Information
for the period from 16 February 2023 to 31 December 2023

Directors

Mr Q G D Bull
Mr R W R Churchill

Registered Address

3 Coldbath Square
London
EC1R 5HL

Registered Number

14667410 (England and Wales)
WB CAPITAL 1 LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

£

£

Called up share capital not paid1
Current assets
Debtors31,400,000
1,400,000
Net current assets (liabilities)1,400,001
Total assets less current liabilities1,400,001
Creditors amounts falling due after one year4(1,400,000)
Net assets1
Capital and reserves
Called up share capital1
Shareholders' funds1
The financial statements were approved and authorised for issue by the Board of Directors on 3 February 2025, and are signed on its behalf by:
Mr R W R Churchill
Director
Registered Company No. 14667410
WB CAPITAL 1 LIMITED
Notes to the Financial Statements
for the period ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The financial statements report the financial results only of the company and are presented in Sterling (£).
Statement of compliance
The financial statements have been prepared in compliance with Section 1A of Financial Reporting Standard 102 and Companies Act 2006 as these apply to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the interest received or receivable on loans.
Financial instruments
Financial assets and financial liabilities are recognised when the company becomes 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. Basic financial assets, including trade and other debtors, and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently carried at amortised cost, using the effective interest method. Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment. If evidence of impairment is found, an impairment loss is recognised in the profit and loss account. Financial assets are derecognised when (i) the contractual rights to the cashflows from the asset expire or are settled, or (ii) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (iii) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Share capital
Ordinary shares are classified as equity.
2.Average number of employees
The average number of employees include directors.

2023
Average number of employees during the year2
3.Debtors: amounts due after one year

2023

£
Other debtors1,400,000
Total1,400,000
4.Creditors: amounts due after one year

2023

£
Other creditors1,400,000
Total1,400,000