REGISTERED NUMBER: |
Wippet Limited |
Unaudited Financial Statements |
for the Period 1 May 2023 to 30 June 2024 |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Tangible assets | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current (liabilities)/assets | ( |
) |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital | 8 |
Retained earnings | 9 |
Shareholders' funds |
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 were approved by the director and authorised for issue on |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
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. |
Tangible fixed assets |
Computer equipment | - |
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 |
4. | Intangible fixed assets |
Computer |
software |
£ |
Cost |
At 1 May 2023 |
and 30 June 2024 |
Amortisation |
At 1 May 2023 |
Amortisation for period |
At 30 June 2024 |
Net book value |
At 30 June 2024 |
At 30 April 2023 |
5. | Tangible fixed assets |
Computer |
equipment |
£ |
Cost |
At 1 May 2023 |
and 30 June 2024 |
Depreciation |
At 1 May 2023 |
Charge for period |
At 30 June 2024 |
Net book value |
At 30 June 2024 |
At 30 April 2023 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
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 |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
9. | Reserves |
Retained |
earnings |
£ |
At 1 May 2023 |
Deficit for the period | ( |
) |
At 30 June 2024 |
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. |