WEWALK LIMITED


Directors	CEYLAN, Kursat
	HUMPHREYS, Harry Bartholomew
	MERICLILER, Gokhan


Registered Address	Wework
	123 Buckingham Palace Road
	London
	SW1W 9SH


Registered Number	12387785 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		211,667		-
Tangible assets	5		8,673		4,477
Investments	6		1,321,391		1,321,391
			1,541,731		1,325,868
Current assets
Stocks	7	76,243		19,760
Debtors	8	89,162		90,025
Cash at bank and on hand		501,145		589,496
		666,550		699,281
Prepayments and accrued income		6,541		4,439
Creditors amounts falling due within one year	9	(118,888)		(27,266)
Net current assets (liabilities)			554,203		676,454
Total assets less current liabilities			2,095,934		2,002,322
Creditors amounts falling due after one year	10		(10,224)		(633,391)
Provisions for liabilities			(22,834)		-
Accruals and deferred income			(2,878)		(6,663)
Net assets			2,059,998		1,362,268
Capital and reserves
Called up share capital			1,228		1,228
Share premium			2,567,953		2,567,953
Other reserves			199,307		-
Profit and loss account			(708,490)		(1,206,913)
Shareholders' funds			2,059,998		1,362,268

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 3 September 2025, and are signed on its behalf by:

MERICLILER, Gokhan
Director
Registered Company No. 12387785

WEWALK LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is calculated on a straight-line basis over their estimated useful economic life of 4 years. The assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Amortisation is included in 'administrative expenses' in the profit and loss account.

Intangible assets

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is calculated on a straight-line basis over their estimated useful economic life of 4 years. The assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Office equipments are used in the company's principal activity or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of the respective asset as follows: Office equipment: 5 years, straight-line basis.

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Office equipments are used in the company's principal activity or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of the respective asset as follows:

Office equipment: 5 years, straight-line basis.


		Straight line (years)
	Office Equipment	5

	Investments
	Investments in subsidiaries are stated at cost less any accumulated impairment losses. The directors review the carrying value of investments annually to determine whether there are any indications of impairment.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the average cost method. Provision is made for slow-moving and obsolete items of stock, where appropriate.

	Government grants or assistance
	Government grants received in relation to specific research and innovation projects, including funding from Innovate UK and Catapult, are recognised in the profit and loss account in the same period as the related expenditure.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	4		3

3.	Intangible assets

		Total
		£
	Cost or valuation
	Additions	266,000
	At 31 December 24	266,000
	Amortisation and impairment
	Charge for year	54,333
	At 31 December 24	54,333
	Net book value
	At 31 December 24	211,667
	At 31 December 23	-

4.	Useful life of intangible assets
	Intangible assets (software rights) are amortised on a straight-line basis over their estimated useful life of 4 years (25% per annum).

5.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 January 24	6,751
	Additions	7,316
	At 31 December 24	14,067
	Depreciation and impairment
	At 01 January 24	2,273
	Charge for year	3,121
	At 31 December 24	5,394
	Net book value
	At 31 December 24	8,673
	At 31 December 23	4,477

6.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 January 24	1,321,391
	At 31 December 24	1,321,391
	Net book value
	At 31 December 24	1,321,391
	At 31 December 23	1,321,391

7.	Stocks
	Stocks are valued at the lower of cost and net realisable value on a weighted average cost basis.

	2024	2023
	£	£
Other stocks	76,243	19,760
Total	76,243	19,760

8.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	1,939	31,093
Amounts owed by group undertakings	-	7,522
Other debtors	84,877	48,564
Total	86,816	87,179


	Debtors falling due within one year comprise trade receivables, VAT/tax receivables, prepayments and other receivables.

9.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	46,765	8,791
Bank borrowings and overdrafts	11,371	10,124
Taxation and social security	7,034	7,587
Payments received on account	42,436	507
Other creditors	11,282	257
Total	118,888	27,266


	Creditors falling due within one year comprise trade creditors, accrued expenses, customer advances, short-term bank borrowings, taxation and social security creditors, and other short-term liabilities.

10.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	10,224	21,594
Amounts owed to related parties	-	611,797
Total	10,224	633,391


	This represents bank borrowings payable after more than one year, totalling £10,224