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REGISTERED NUMBER: 13115709 (England and Wales)















Wippet Limited

Unaudited Financial Statements

for the Period 1 May 2023 to 30 June 2024






Wippet Limited (Registered number: 13115709)

Contents of the Financial Statements
for the period 1 May 2023 to 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wippet Limited

Company Information
for the period 1 May 2023 to 30 June 2024







Director: M R Oxley





Registered office: Sunnycroft
London Road
Hill Brow
Liss
Hampshire
GU33 7QJ





Registered number: 13115709 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Wippet Limited (Registered number: 13115709)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 494,597 728,984
Tangible assets 5 5,843 8,609
500,440 737,593

Current assets
Debtors 6 5,534 157,074
Cash at bank 3,717 619
9,251 157,693
Creditors
Amounts falling due within one year 7 218,736 140,703
Net current (liabilities)/assets (209,485 ) 16,990
Total assets less current liabilities 290,955 754,583

Provisions for liabilities 1,461 1,800
Net assets 289,494 752,783

Capital and reserves
Called up share capital 8 1,000 1,000
Retained earnings 9 288,494 751,783
Shareholders' funds 289,494 752,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





M R Oxley - Director


Wippet Limited (Registered number: 13115709)

Notes to the Financial Statements
for the period 1 May 2023 to 30 June 2024


1. Statutory information

Wippet 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.

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the period ended 30 June 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is 1 May 2022.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Non-derivative financial instruments
Non-derivative financial instruments comprise trade and other debtors, cash and cash equivalents, and trade andother creditors.

Trade and other debtors
Trade and other debtors are recognised initially at fair value. Subsequent to initial recognition they are
measured at amortised cost using the effective interest method, less any impairment losses.

Trade and other creditors
Trade and other creditors are recognised initially at fair value. Subsequent to initial recognition they are
measured at amortised cost using the effective interest method.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances and call deposits.

Intra-group financial instruments
Where the company enters into financial guarantee contracts to guarantee the indebtedness of other companies within its group, the company considers these to be insurance arrangements and accounts for them as such. In this respect, the company treats the guarantee contract as a contingent liability until such time as it becomes probable that the company will be required to make a payment under the guarantee.

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.

Wippet Limited (Registered number: 13115709)

Notes to the Financial Statements - continued
for the period 1 May 2023 to 30 June 2024


3. Employees and directors

The average number of employees during the period was 2 (2023 - NIL ) .

4. Intangible fixed assets
Computer
software
£
Cost
At 1 May 2023
and 30 June 2024 1,004,518
Amortisation
At 1 May 2023 275,534
Amortisation for period 234,387
At 30 June 2024 509,921
Net book value
At 30 June 2024 494,597
At 30 April 2023 728,984

5. Tangible fixed assets
Computer
equipment
£
Cost
At 1 May 2023
and 30 June 2024 11,856
Depreciation
At 1 May 2023 3,247
Charge for period 2,766
At 30 June 2024 6,013
Net book value
At 30 June 2024 5,843
At 30 April 2023 8,609

6. Debtors: amounts falling due within one year
2024 2023
£ £
Amounts owed by group undertakings - 82,546
Other debtors 5,534 74,528
5,534 157,074

Wippet Limited (Registered number: 13115709)

Notes to the Financial Statements - continued
for the period 1 May 2023 to 30 June 2024


7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 3,146 16,857
Amounts owed to group undertakings 187,076 -
Taxation and social security 3,727 56,313
Other creditors 24,787 67,533
218,736 140,703

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary £1 1,000 1,000

9. Reserves
Retained
earnings
£

At 1 May 2023 751,783
Deficit for the period (463,289 )
At 30 June 2024 288,494

The holders of ordinary shares are entitled to share pari passu in any distribution of the company and are entitled to one vote per share in any circumstances.

10. Related party transactions

As at 30 June 2024, the director of the company, were owed £17,277 (2023:£1,558) by the company.

11. Ultimate parent undertaking and controlling party

At 30 June 2024 the immediate and ultimate parent company was The Jools Reunion Limited.