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W11 ASSET MANAGEMENT LTD

Registered Number
13553527
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

W11 ASSET MANAGEMENT LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

M Collins

Company Secretary

AURIA ACCOUNTANCY LIMITED

Registered Address

C/O Auria
48 Warwick Street
London
W1B 5AW

Registered Number

13553527 (England and Wales)
W11 ASSET MANAGEMENT LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks377,906-
Debtors478,35041,359
Current asset investments31,55231,552
187,80872,911
Creditors amounts falling due within one year5(119,038)(4,722)
Net current assets (liabilities)68,77068,189
Total assets less current liabilities68,77068,189
Net assets68,77068,189
Capital and reserves
Called up share capital100100
Share premium108,319108,319
Profit and loss account(39,649)(40,230)
Shareholders' funds68,77068,189
The financial statements were approved and authorised for issue by the Director on 21 May 2025, and are signed on its behalf by:
M Collins
Director
Registered Company No. 13553527
W11 ASSET MANAGEMENT LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year11
3.Stocks

2024

2023

££
Work in progress77,906-
Total77,906-
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings25,97012,707
Other debtors52,38028,652
Total78,35041,359
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables2,3402,922
Other creditors114,898-
Accrued liabilities and deferred income1,8001,800
Total119,0384,722