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REGISTERED NUMBER: 02928671 (England and Wales)













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: P Davis
J Grewe
W F Wanner Jnr





SECRETARY: P Davis





REGISTERED OFFICE: Units 8 & 9
Fleet Business Park
Sandy Lane
Church Crookham
Hampshire
GU52 8BF





REGISTERED NUMBER: 02928671 (England and Wales)





ACCOUNTANTS: Whiteleys
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 1,275,058 1,275,058

CREDITORS
Amounts falling due within one year 6 573 573
NET CURRENT ASSETS 1,274,485 1,274,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,274,485

1,274,485

CAPITAL AND RESERVES
Called up share capital 125,000 125,000
Share premium 1,125,000 1,125,000
Retained earnings 24,485 24,485
SHAREHOLDERS' FUNDS 1,274,485 1,274,485

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

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

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 14th April 2025 and were signed on its behalf by:





P Davis - Director


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 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.

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

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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 1,275,058 1,275,058

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 573 573

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.