WTA Ventures (UK) Operations Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14819108 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2024

for

WTA Ventures (UK) Operations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Simon

REGISTERED OFFICE:

2 New Street Square

London

United Kingdom

EC4A 3BZ

REGISTERED NUMBER:

14819108 (England and Wales)

AUDITORS:

Bullimores LLP

Chartered Accountants

& Registered Auditor

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

CURRENT ASSETS

Debtors

4

1,177,325

319,363

Cash at bank

291,953

56,656

1,469,278

376,019

CREDITORS

Amounts falling due within one year

5

1,056,946

334,599

NET CURRENT ASSETS

412,332

41,420

TOTAL ASSETS LESS CURRENT
LIABILITIES

412,332

41,420

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

412,331

41,419

412,332

41,420

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2025 and were signed by:

S Simon - Director

1.	STATUTORY INFORMATION

WTA Ventures (UK) Operations 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

The financial statements have been prepared on the going concern basis, in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom. In considering the going concern assumption, the director has considered the future activities and cash flow requirements of the company, and the financial position of its holding company which will ultimately bear these costs. The director has a reasonable expectation that funds for the company's activities will continue to be available on a similar basis. The director is confident that the group has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis of accounting in preparing the financial statements.

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 for the period is measured at the fair value of consideration received or receivable, excluding value added tax, for services rendered to its holding company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 1 ) .

4.

DEBTORS

31.12.24

31.12.23

£

Amounts falling due within one year:

Amounts owed by group undertakings

1,092,196

292,602

Other debtors

181

17,880

Called up share capital not paid

1

Prepayments

26,478

8,880

1,118,856

319,363

Amounts falling due after more than one year:

Other debtors

58,469

-

Aggregate amounts

1,177,325

319,363

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

43,715

15,018

Tax

127,115

13,874

Social security and other taxes

83,060

43,030

Other creditors

-

2,477

Accruals and deferred income

803,056

260,200

1,056,946

334,599

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

Within one year

285,325

150,826

Between one and five years

90,809

46,620

376,134

197,446

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Patrick Casey (Senior Statutory Auditor)

for and on behalf of Bullimores LLP

8.	RELATED PARTY DISCLOSURES

The company's immediate parent, WTA Ventures LLC, draws up consolidated financial statements. The address of its registered office is 251 Little Falls Drive, Wilmington, DE 19808 USA.

9.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.