Company Registration No. 09971211 (England and Wales)
WLab Ltd
Unaudited accounts
for the year ended 31 December 2024
WLab Ltd
Annual report and unaudited accounts
for the year ended 31 December 2024
WLab Ltd
Company Information
for the year ended 31 December 2024
Directors
Cyrille Najjar
Eve Tamraz
Bassel Attieh
Company Number
09971211 (England and Wales)
Registered Office
86-90 Paul Street
London
EC2A 4NE
England
Accountants
RedBrick Accounting Ltd
167-169 Great Portland Street
5th Floor
London
W1W 5PF
WLab Ltd
Statement of Financial Position
as at 31 December 2024
Current assets
609,156
716,839
Prepayments and accrued income
40,839
20,290
Creditors: amounts falling due within one year
(140,264)
57,564
Net current assets
509,731
794,693
Total assets less current liabilities
512,603
797,725
Creditors: amounts falling due after more than one year
(1,728,065)
(1,612,062)
Net liabilities
(1,215,462)
(814,337)
Capital and reserves
(1,215,462)
(814,337)
WLab Ltd is a private company, limited by shares, registered in England and Wales, registration number 09971211. The registered office is 86-90 Paul Street, London, EC2A 4NE, England.
2 Guarantees and other financial commitments
Wlab Ltd has a £1,624,966 convertible loan note with Daikin Industries Ltd pending conversion at the next funding round. £103,099 interest is currently payable.
Wlab Ltd has a $100,000 Simple Agreement for Future Equity (SAFE) which will trigger at the next funding round and provide a 25% discount.
3 Average number of employees
During the year the average number of employees was 2 (2023: 3).
WLab Ltd
Statement of Financial Position
as at 31 December 2024 (continued)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 21 March 2025
Cyrille Najjar
Director
Company Registration No. 09971211