| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st December 2024 |
| for |
| Judgephase Company Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st December 2024 |
| for |
| Judgephase Company Limited |
| Judgephase Company Limited (Registered number: 02928671) |
| Contents of the Financial Statements |
| for the Year Ended 31st December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Judgephase Company Limited |
| Company Information |
| for the Year Ended 31st December 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Sovereign House |
| 155 High Street |
| Aldershot |
| Hampshire |
| GU11 1TT |
| Judgephase Company Limited (Registered number: 02928671) |
| Balance Sheet |
| 31st December 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Judgephase Company Limited (Registered number: 02928671) |
| Notes to the Financial Statements |
| for the Year Ended 31st December 2024 |
| 1. | STATUTORY INFORMATION |
| Judgephase Company Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The company is dormant and has not traded during the year. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2023 - NIL). |
| 5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Amounts owed by group undertakings |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other creditors |
| Judgephase Company Limited (Registered number: 02928671) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st December 2024 |
| 7. | CONTINGENT LIABILITIES |
| Together with its fellow subsidiaries, the company has provided guarantees in support of the following Credit Facilities entered into by the company's parent company with Choice Financial Group in America: |
| i) | $24.0 million revolving loan facility |
| ii) | $7.243 million real estate term loans |
| iii) | $3.274 million equipment loan |
| iv) | $4.550 million term loan |
| The item detailed in i) above had an outstanding balance of $11.033 million at 31 December 2024 and is due to expire on 30 June 2025, the item detailed in ii) above is due to expire between the date range of 6 November 2025 to 30 December 2026, the item detailed in iii) above is due to expire on 30 August 2030 and the item detailed in iv) above is due to expire on 31 December 2029. At the present date, no liability has arisen from any of these arrangements. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The directors consider WEC Inc., a company incorporated in the United States of America, to be the ultimate parent company and they draw up group accounts. |
| The registered office of WEC Inc. is at 1204 Chestnut Avenue, Minneapolis, MN 55403, USA. |