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Registered Number: 11779320
England and Wales

 

 

 

WDI UK LIMITED


Audited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
Directors Mr Jun Horiuchi
Mr Daniel Takeda
Mr Ken Shimizu
Mr Didier M'Punge Diyavova (resigned 31/03/2024)
Registered Number 11779320
Registered Office 18 Ensign Street
London
E1 8PA
Auditors P and Co (Partners) LLP
18 Ensign Street
London
E1 8PA
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 944   
Investments 5 1,700,000    1,700,000 
1,700,944    1,700,000 
Current assets      
Debtors: amounts falling due within one year 6 831,899    980,934 
Cash at bank and in hand 13,000    47,485 
844,899    1,028,419 
Creditors: amount falling due within one year 7 (1,529,313)   (1,529,055)
Net current (liabilities)/assets (684,414)   (500,636)
 
Total assets less current liabilities 1,016,530    1,199,364 
Net assets 1,016,530    1,199,364 
 

Capital and reserves
     
Called up share capital 8 2,000,000    2,000,000 
Profit and loss account (983,470)   (800,636)
Shareholders' funds 1,016,530    1,199,364 
 


These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 19 March 2025 and were signed on its behalf by:


-------------------------------
Mr Jun Horiuchi
Director
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General Information
WDI UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11779320, registration address 18 Ensign Street, London, E1 8PA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The financial statements are prepared in accordance with the provisions of FRS 102 Section 1A The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of Preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the company.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Office Equipment 3 Years Straight Line
Investments
Investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees


Average number of employees during the year was 3 (2023 : 4).
3.

Audit Information

The auditor's report on the accounts of WDI UK LIMITED for the year ended 31 December 2024 was qualified.

Basis for qualified opinion

In respect of the cost of investment in the company's associate, FGM Entertainment Ltd, we were unable to obtain sufficient audit evidence about the carrying amount of the company's investment as at 31 December 2024. The investment has not been audited for the year ended 31 December 2023 and 31 December 2024. Any adjustments to the carrying value of the investment would have a consequential significant effect on the impairment expense and retained earnings in the year ended 31 December 2024. No other procedures that were performed to confirm that the figures were properly recorded.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRCs Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.


The auditor's report was signed by Sangyai Jonathan Pitayanukul (Senior Statutory Auditor) for and on behalf of P and Co (Partners) LLP Chartered Accountants and Registered Auditors on 20 March 2025.
4.

Tangible fixed assets

Cost or valuation Office Equipment   Total
  £   £
At 01 January 2024 978    978 
Additions 1,416    1,416 
Disposals  
At 31 December 2024 2,394    2,394 
Depreciation
At 01 January 2024 978    978 
Charge for year 472    472 
On disposals  
At 31 December 2024 1,450    1,450 
Net book values
Closing balance as at 31 December 2024 944    944 
Opening balance as at 01 January 2024  


5.

Investments

Cost Other investments other than loans   Investments in group undertakings   Total
  £   £   £
At 01 January 2024 200,000    1,500,000    1,700,000 
Additions    
Transfer to/from tangible fixed assets    
Disposals    
At 31 December 2024 200,000    1,500,000    1,700,000 

The company's investments in the share capital of two companies are as below:

Subsidiary

Tim Ho Wan UK Limited
Registered office: 18 Ensign Street, London, E1 8PA
Country of incorporation and registration: England and Wales
Description of share held: Ordinary share of £1,000 each with total number of shares 1,500
Nature of business: Dormant 
Accounting year end date: 31 December 2024

                                                 %
Class of shares:                     holding
Ordinary shares:                   100

The aggregate amount of the subsidiary undertaking's capital and reserves as at year end date is £1,500,000 (2023: £1,500,000) and its profit for the year is £nil (2023: £nil) since it is a dormant company. 

Associate

FGM Entertainment Ltd
Registered office: 98 Park Road, London, England, NW1 4SH
Country of incorporation and registration: England and Wales
Description of share held: Ordinary share of £1 each with total number of shares 333
Nature of business: Public houses and bars
Accounting year end date: 31 December 2024

                                                 %
Class of shares:                      holding
Ordinary shares:                     40

The aggregate amount of the associated undertaking's shareholder's deficiency as at year end date is £179,485 (2023: shareholder's fund of £45,398) and its loss for the year is £224,882 (2023: £206,309).

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 6,465    7,854 
Deposits paid 620    620 
Amounts due from Group Undertakings 822,514    970,136 
VAT 2,300    2,324 
831,899    980,934 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Amounts Owed to Group Undertakings 4,528   
Amounts Owed to Participating Interests 1,500,000    1,500,000 
PAYE & Social Security 8,238    653 
Accrued Expenses 10,696    20,876 
Other Creditors 549   
Wages & Salaries Control Account 5,302    7,526 
1,529,313    1,529,055 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
2,000 Ordinary shares of £1,000.00 each 2,000,000    2,000,000 
2,000,000    2,000,000 

9.

Immediate and ultimate parent undertaking

The directors consider the immediate and ultimate parent undertaking and controlling party of the company to be WDI Corporation, a company incorporated in Japan. The smallest group to consolidate these financial statements is WDI Corporation. 

The registered office of WDI Corporation is Roi Bldg. 8F & 9F, 5-5-1 Roppongi, Minato-ku, Tokyo 106-8522 Japan. 
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