IRIS Accounts Production v24.3.2.46 09651215 director 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096512152023-06-30096512152024-06-30096512152023-07-012024-06-30096512152022-06-30096512152022-07-012023-06-30096512152023-06-3009651215ns15:EnglandWales2023-07-012024-06-3009651215ns14:PoundSterling2023-07-012024-06-3009651215ns10:Director12023-07-012024-06-3009651215ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3009651215ns10:SmallEntities2023-07-012024-06-3009651215ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3009651215ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3009651215ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3009651215ns10:FullAccounts2023-07-012024-06-3009651215ns10:OrdinaryShareClass12023-07-012024-06-3009651215ns10:RegisteredOffice2023-07-012024-06-3009651215ns5:CurrentFinancialInstruments2024-06-3009651215ns5:CurrentFinancialInstruments2023-06-3009651215ns5:Non-currentFinancialInstruments2024-06-3009651215ns5:Non-currentFinancialInstruments2023-06-3009651215ns5:ShareCapital2024-06-3009651215ns5:ShareCapital2023-06-3009651215ns5:RetainedEarningsAccumulatedLosses2024-06-3009651215ns5:RetainedEarningsAccumulatedLosses2023-06-3009651215ns5:FurnitureFittings2023-07-012024-06-3009651215ns5:FurnitureFittings2023-06-3009651215ns5:FurnitureFittings2024-06-3009651215ns5:FurnitureFittings2023-06-3009651215ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3009651215ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3009651215ns10:OrdinaryShareClass12024-06-3009651215ns5:RetainedEarningsAccumulatedLosses2023-06-3009651215ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 09651215 (England and Wales)















Werrexia (Uk) Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2024






Werrexia (Uk) Ltd (Registered number: 09651215)

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


Werrexia (Uk) Ltd

Company Information
for the year ended 30 June 2024







Director: M Kosecky





Registered office: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





Registered number: 09651215 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Werrexia (Uk) Ltd (Registered number: 09651215)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 7,841 11,202
Investment property 5 482,343 482,343
490,184 493,545

Current assets
Debtors 6 2,074 2,168
Cash at bank 156,034 116,773
158,108 118,941
Creditors
Amounts falling due within one year 7 2,200 2,204
Net current assets 155,908 116,737
Total assets less current liabilities 646,092 610,282

Creditors
Amounts falling due after more than one
year

8

698,326

663,746
Net liabilities (52,234 ) (53,464 )

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 (52,334 ) (53,564 )
Shareholders' funds (52,234 ) (53,464 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 7 March 2025 and were signed by:




M Kosecky - Director


Werrexia (Uk) Ltd (Registered number: 09651215)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

Werrexia (Uk) 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.

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.

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

Turnover comprises revenue recognised by the company in respect of rents receivable.

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 cost

Investment property
Investment properties are included in the Balance Sheet at their open market value in accordance with the Financial Reporting Standard 102 and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company.

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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

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

Werrexia (Uk) Ltd (Registered number: 09651215)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 July 2023
and 30 June 2024 16,804
Depreciation
At 1 July 2023 5,602
Charge for year 3,361
At 30 June 2024 8,963
Net book value
At 30 June 2024 7,841
At 30 June 2023 11,202

5. Investment property
Total
£
Fair value
At 1 July 2023
and 30 June 2024 482,343
Net book value
At 30 June 2024 482,343
At 30 June 2023 482,343

The directors consider the fair value of the investment property as at 30 June 2024 was £482,343. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 2,074 2,168

7. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 2,200 2,204

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 698,326 663,746

Werrexia (Uk) Ltd (Registered number: 09651215)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

10. Reserves
Retained
earnings
£

At 1 July 2023 (53,564 )
Profit for the year 1,230
At 30 June 2024 (52,334 )

11. Related party disclosures

Included in other creditors at the year end is a loan balance of £698,326 (2023 - £663,746) with a related company registered outside the UK.