| REGISTERED NUMBER: |
| WENTLOOG ASSET FINANCE LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2024 |
| REGISTERED NUMBER: |
| WENTLOOG ASSET FINANCE LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 30 November 2024 |
| WENTLOOG ASSET FINANCE LIMITED (REGISTERED NUMBER: 11683416) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| WENTLOOG ASSET FINANCE LIMITED |
| Company Information |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Elfed House |
| Oak Tree Court |
| Cardiff Gate Business Park |
| CARDIFF |
| County of Cardiff |
| CF23 8RS |
| WENTLOOG ASSET FINANCE LIMITED (REGISTERED NUMBER: 11683416) |
| Balance Sheet |
| 30 NOVEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings | ( |
) | ( |
) |
| 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 |
| WENTLOOG ASSET FINANCE LIMITED (REGISTERED NUMBER: 11683416) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Wentloog Asset Finance Limited is a |
| The company's functional presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound. |
| The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| No material departures from Financial Reporting Standard 102. |
| GOING CONCERN |
| As at 30 November 2024, the company had net liabilities of £3,867. In view of the ongoing support of related parties, the director is satisfied that the company will continue to trade as a going concern and the financial statements have therefore been prepared on this basis. |
| TURNOVER |
| Turnover shown in the profit and loss represents amounted invoiced during the period for the hire of plant and machinery, exclusive of Value Added Tax, accounted for on the accruals basis. |
| TAXATION |
| Taxation for the year comprises current and deferred 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. |
| 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 year 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| WENTLOOG ASSET FINANCE LIMITED (REGISTERED NUMBER: 11683416) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Called up share capital not paid |
| Amounts owed by related party | - | 63,185 |
| VAT |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Other creditors |
| VAT | - | 65,561 |
| Amounts owed to related party | 1,615 | - |
| Accruals and deferred income |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| 7. | RELATED PARTY DISCLOSURES |
| The related party loans shown in notes 4 and 5 are interest free. |