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REGISTERED NUMBER: 15207872 (England and Wales)











Financial Statements

for the Period

12 October 2023 to 31 December 2024

for

W EXECUTIVE UK LIMITED

W EXECUTIVE UK LIMITED (REGISTERED NUMBER: 15207872)






Contents of the Financial Statements
for the Period 12 October 2023 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


W EXECUTIVE UK LIMITED

Company Information
for the Period 12 October 2023 to 31 December 2024







DIRECTOR: F Vione





REGISTERED OFFICE: Mappin House
4 Winsley Street
London
W1W 8HF





REGISTERED NUMBER: 15207872 (England and Wales)





AUDITORS: JLA (UK) Ltd
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

W EXECUTIVE UK LIMITED (REGISTERED NUMBER: 15207872)

Balance Sheet
31 December 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 49,138

CURRENT ASSETS
Debtors 5 1,193,621
Cash at bank 286,294
1,479,915
CREDITORS
Amounts falling due within one year 6 1,367,299
NET CURRENT ASSETS 112,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,754

CAPITAL AND RESERVES
Called up share capital 2,218,027
Retained earnings 7 (2,056,273 )
SHAREHOLDERS' FUNDS 161,754

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 director and authorised for issue on 20 June 2025 and were signed by:





F Vione - Director


W EXECUTIVE UK LIMITED (REGISTERED NUMBER: 15207872)

Notes to the Financial Statements
for the Period 12 October 2023 to 31 December 2024

1. STATUTORY INFORMATION

W Executive UK 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 financial statements are prepared to the nearest whole pound £ GBP.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on Cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

W EXECUTIVE UK LIMITED (REGISTERED NUMBER: 15207872)

Notes to the Financial Statements - continued
for the Period 12 October 2023 to 31 December 2024

2. ACCOUNTING POLICIES - continued

Going concern
The group embarked on an ambitious development plan which involved the creation of a UK company operation. As such the losses incurred at the outset were anticipated. The director and parent company are committed to ensuring that the business model of the group and its subsidiaries will work and have engaged fully with the financial function to ensure robust and achievable forecasts are being delivered together with up to date information regarding the trading position. As a result of the board taking action in regards to creating a share position in exchange for the parent company loans, Creating a more sustainable structure. Which the director believes will enable the company and to meet its liabilities as they fall due and continue to trade as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 26 .

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
Additions 60,889
At 31 December 2024 60,889
DEPRECIATION
Charge for period 11,751
At 31 December 2024 11,751
NET BOOK VALUE
At 31 December 2024 49,138

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 906,037
Other debtors 287,584
1,193,621

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 198,921
Amounts owed to group undertakings 643,180
Taxation and social security 178,468
Other creditors 346,730
1,367,299

W EXECUTIVE UK LIMITED (REGISTERED NUMBER: 15207872)

Notes to the Financial Statements - continued
for the Period 12 October 2023 to 31 December 2024

7. RESERVES
Retained
earnings
£   

Deficit for the period (2,056,273 )
At 31 December 2024 (2,056,273 )

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeffrey Lermer (Senior Statutory Auditor)
for and on behalf of JLA (UK) Ltd

9. CAPITAL COMMITMENTS

2024
£   

Car rental

< 1 year67,280
1-2 year67,280
>2-5 year95,503

Total227,063

10. RELATED PARTY DISCLOSURES

Included with creditors are amounts due to companies within the group, MAW SPA £723,975 W Executive S.R.L £9,374..

11. AUDITOR LIABILITY LIMITATION AGREEMENT

The directors have agreed to a limited liability arrangement with the auditors, the principle terms being that the liability is restricted to five times the annual audit fee.

12. ULTIMATE CONTROLLING PARTY

The directors do not consider that there is any one party holding a controlling position in the ultimate parent company.

The immediate parent company is W Group Holding spa a company registered in Italy. Copies of the group consolidated accounts can be obtained.from the registered office Via P. Nenni 18 – 25124 BRESCIA.