W1TTY GLOBAL LTD

Company Registration Number:
12810623 (England and Wales)

Unaudited abridged accounts for the year ended 30 December 2023

Period of accounts

Start date: 01 January 2023

End date: 30 December 2023

W1TTY GLOBAL LTD

Contents of the Financial Statements

for the Period Ended 30 December 2023

Balance sheet
Notes

W1TTY GLOBAL LTD

Balance sheet

As at 30 December 2023


Notes

2023

2022


£

£
Current assets
Debtors:   744,229 737,365
Cash at bank and in hand: 140,497 56,469
Total current assets: 884,726 793,834
Creditors: amounts falling due within one year:   (192,560) (85,630)
Net current assets (liabilities): 692,166 708,204
Total assets less current liabilities: 692,166 708,204
Total net assets (liabilities): 692,166 708,204
Capital and reserves
Called up share capital: 350,000 350,000
Other reserves: 1,869,569 1,210,549
Profit and loss account: (1,527,403) (852,345)
Shareholders funds: 692,166 708,204

The notes form part of these financial statements

W1TTY GLOBAL LTD

Balance sheet statements

For the year ending 30 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 May 2025
and signed on behalf of the board by:

Name: Ammar Kutait
Status: Director

The notes form part of these financial statements

W1TTY GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 30 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

W1TTY GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 30 December 2023

2. Employees

2023 2022
Average number of employees during the period 4 3

W1TTY GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 30 December 2023

3. Related party transactions

The following amounts were outstanding at the reporting end date: Amounts due from related parties (Parent company) 2023: 983,248 2022: 982,822

W1TTY GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 30 December 2023

4. Post balance sheet events

Subsequent to the reporting date, the Company has ceased its operations in 2024 as part of its strategic decision. However, the Company has not yet commenced a formal winding-up or Members’ Voluntary Liquidation (MVL) process, as this will follow the completion of the customer fund return process, amongst other processes, in line with the standard regulatory framework. The MVL may commence within 12 months of the approval of these financial statements, depending on the completion of the wind-down activities, including but not limited to, the transfer of remaining customers’ funds to the liquidator, or any other process as guided by the FCA for the remaining funds. The commencement of the MVL process is subject to relevant authorities (FCA) approval and is not expected to occur within 12 months of the approval of the accounts. The Company will continue to meet its obligations as they fall due and evaluate future strategic options. Management does not anticipate any immediate impact on the going concern assumption as of the reporting date. The only potential impact on the company based on this decision is that $489,877 of the $983,248 owed by the parent company may not be paid, at the point of approving the accounts this had not been concluded