Company Registration No. 14614244 (England and Wales)
Wishew Ltd
Unaudited accounts
for the year ended 30 April 2025
Wishew Ltd
Unaudited accounts
Contents
Wishew Ltd
Company Information
for the year ended 30 April 2025
Company Number
14614244 (England and Wales)
Registered Office
85 Great Portland Street
London
W1W 7LT
England
Wishew Ltd
Statement of financial position
as at 30 April 2025
Tangible assets
18,933
6,873
Cash at bank and in hand
554
1,453,465
Creditors: amounts falling due within one year
(1,071,554)
(55,420)
Net current (liabilities)/assets
(886,035)
1,398,045
Net (liabilities)/assets
(866,251)
1,404,918
Called up share capital
85
85
Share premium
2,290,261
2,173,103
Profit and loss account
(3,156,597)
(768,270)
Shareholders' funds
(866,251)
1,404,918
For the year ending 30 April 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 August 2025 and were signed on its behalf by
Giacomo Vose
Director
Company Registration No. 14614244
Wishew Ltd
Notes to the Accounts
for the year ended 30 April 2025
Wishew Ltd is a private company, limited by shares, registered in England and Wales, registration number 14614244. The registered office is 85 Great Portland Street, London, W1W 7LT, England.
2
Compliance with accounting standards
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 as modified by the revaluation of certain assets.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The functional currency is € and the presentational currency is £, pounds sterling. Amounts are rounded to the nearest £.
The financial statements are prepared on a going concern basis despite net liabilities at the year end which is dependent on the continued support of its shareholders. In the opinion of the director, the company expects to receive income or have funds available to meet obligations as and when they fall due.
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Related party transactions
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes and is recognised at the point services are provided to users.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Wishew Ltd
Notes to the Accounts
for the year ended 30 April 2025
Taxation for the year comprises current tax. Tax is recognised in the Profit and loss account, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straight line over 5 years
Computer equipment
Reducing balance over 5 years
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
Financial assets are derecognised when the contractual rights to the cash flow expire or when substantially all the risks and rewards have been transferred.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
Financial liabilities are derecognised when then contractual obligations to make payments have expired.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the
present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Wishew Ltd
Notes to the Accounts
for the year ended 30 April 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2024
-
6,956
6,956
Additions
6,545
9,971
16,516
At 30 April 2025
6,545
16,927
23,472
Charge for the year
1,238
3,218
4,456
At 30 April 2025
1,238
3,301
4,539
At 30 April 2025
5,307
13,626
18,933
At 30 April 2024
-
6,873
6,873
5
Investments
Subsidiary undertakings
Valuation at 30 April 2025
851
The company had the following investments in group undertakings at the end of the year:
- 100% in Wishew Inc, a company registered in Delaware, USA
- 100% in Wishew SRL, a company registered in Italy
Amounts falling due within one year
Amounts due from group undertakings etc.
119,980
-
Accrued income and prepayments
59,971
-
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
4,966
-
Loans from directors
55,145
55,420
Wishew Ltd
Notes to the Accounts
for the year ended 30 April 2025
Allotted, called up and fully paid:
1,013,149 Ordinary shares of £0.000079 each
80.03
79.71
67,272 A Ordinary shares of £0.000078 each
5.24
5.24
Shares issued during the period:
4,068 Ordinary shares of £0.000079 each
0
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).