IRIS Accounts Production v24.3.2.46 09590288 Board of Directors 1.6.23 31.5.24 31.5.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095902882023-05-31095902882024-05-31095902882023-06-012024-05-31095902882022-05-31095902882022-06-012023-05-31095902882023-05-3109590288ns15:EnglandWales2023-06-012024-05-3109590288ns14:PoundSterling2023-06-012024-05-3109590288ns10:Director12023-06-012024-05-3109590288ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3109590288ns10:SmallEntities2023-06-012024-05-3109590288ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3109590288ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3109590288ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3109590288ns10:FullAccounts2023-06-012024-05-3109590288ns10:OrdinaryShareClass12023-06-012024-05-3109590288ns10:Director22023-06-012024-05-3109590288ns10:RegisteredOffice2023-06-012024-05-3109590288ns5:CurrentFinancialInstruments2024-05-3109590288ns5:CurrentFinancialInstruments2023-05-3109590288ns5:Non-currentFinancialInstruments2024-05-3109590288ns5:Non-currentFinancialInstruments2023-05-3109590288ns5:ShareCapital2024-05-3109590288ns5:ShareCapital2023-05-3109590288ns5:RetainedEarningsAccumulatedLosses2024-05-3109590288ns5:RetainedEarningsAccumulatedLosses2023-05-3109590288ns5:FurnitureFittings2023-06-012024-05-3109590288ns5:FurnitureFittings2023-05-3109590288ns5:FurnitureFittings2024-05-3109590288ns5:FurnitureFittings2023-05-3109590288ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-05-3109590288ns5:UnlistedNon-exchangeTraded2024-05-3109590288ns5:UnlistedNon-exchangeTraded2023-05-3109590288ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3109590288ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3109590288ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3109590288ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3109590288ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 09590288 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

WLA Ventures Limited

WLA Ventures Limited (Registered number: 09590288)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WLA Ventures Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: T Dupuy
J E Lacoentre





REGISTERED OFFICE: Unit 3 Cedar Court
Royal Oak Yard
London
SE1 3GA





REGISTERED NUMBER: 09590288 (England and Wales)





ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA

WLA Ventures Limited (Registered number: 09590288)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 175 219
Investments 5 731,634 731,634
731,809 731,853

CURRENT ASSETS
Debtors 6 1,169,315 1,169,315
Cash at bank 16,400 4,064
1,185,715 1,173,379
CREDITORS
Amounts falling due within one year 7 1,192,927 1,044,527
NET CURRENT (LIABILITIES)/ASSETS (7,212 ) 128,852
TOTAL ASSETS LESS CURRENT
LIABILITIES

724,597

860,705

CREDITORS
Amounts falling due after more than one
year

8

2,961

60,148
NET ASSETS 721,636 800,557

CAPITAL AND RESERVES
Called up share capital 10 50,000 50,000
Retained earnings 671,636 750,557
SHAREHOLDERS' FUNDS 721,636 800,557

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

WLA Ventures Limited (Registered number: 09590288)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





T Dupuy - Director


WLA Ventures Limited (Registered number: 09590288)

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

1. STATUTORY INFORMATION

WLA Ventures Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

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

WLA Ventures Limited (Registered number: 09590288)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 1,043
DEPRECIATION
At 1 June 2023 824
Charge for year 44
At 31 May 2024 868
NET BOOK VALUE
At 31 May 2024 175
At 31 May 2023 219

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 June 2023
and 31 May 2024 731,634
NET BOOK VALUE
At 31 May 2024 731,634
At 31 May 2023 731,634

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by group undertakings 557,428 557,428
Other debtors 611,887 611,887
1,169,315 1,169,315

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 158 204
Amounts owed to group undertakings 915,501 660,424
Other creditors 220,885 327,090
Directors' current accounts 56,383 56,809
1,192,927 1,044,527

WLA Ventures Limited (Registered number: 09590288)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans (see note 9) 2,961 60,148

9. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 2,961 60,148

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
50,000 Share capital 1 1 50,000 50,000