Company Registration No. 13498267 (England and Wales)
Witine Limited
Unaudited accounts
for the year ended 31 December 2024
Witine Limited
Unaudited accounts
Contents
Witine Limited
Company Information
for the year ended 31 December 2024
Director
Andrew Xiang Ying
Company Number
13498267 (England and Wales)
Registered Office
St John's Innovation Centre
Cowley Road
Cambridge
CB4 0WS
United Kingdom
Witine Limited
Statement of financial position
as at 31 December 2024
Intangible assets
20,572
13,753
Tangible assets
2,033
5,275
Cash at bank and in hand
2,420
2,554
Creditors: amounts falling due within one year
(1,599)
(1,806)
Net current assets
2,615
3,521
Total assets less current liabilities
25,657
22,986
Creditors: amounts falling due after more than one year
(34,531)
(61,381)
Net liabilities
(8,874)
(38,395)
Called up share capital
7,700
7,510
Profit and loss account
(66,734)
(45,905)
Shareholders' funds
(8,874)
(38,395)
For the year ending 31 December 2024 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 17 September 2025 and were signed on its behalf by
Andrew Xiang Ying
Director
Company Registration No. 13498267
Witine Limited
Notes to the Accounts
for the year ended 31 December 2024
Witine Limited is a private company, limited by shares, registered in England and Wales, registration number 13498267. The registered office is St John's Innovation Centre, Cowley Road , Cambridge, CB4 0WS, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The Company's sole director, to whom a liability of £34,531 is due, has provided assurance that they would not sought repayment of the loan within the next 12 months. On this basis, management has determined that it is appropriate to prepare the financial reporting on a going concern basis.
The accounts are presented in pound sterling.
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:
Fixtures & fittings
3 years
Computer equipment
3 years
Other tangible fixed assets
3 years
IP numbering resources are included at the fair value of the asset by reference to the active market.
All other intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation has been provided in order to write off the assets over their estimated useful lives of 10 years.
Witine Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Other
At 31 December 2024
20,752
At 31 December 2024
20,572
At 31 December 2023
13,753
IP numbering resources were revalued at the end of the year. This was carried out by Andrew Ying using the average sale price for IP numbering resources of identical size in the month immediately preceeding the end of the year. The comparable amount determined according to the historical cost accounting rules was £14,434.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
923
11,800
12,723
At 31 December 2024
842
12,135
12,977
At 1 January 2024
615
6,832
7,447
Charge for the year
96
4,012
4,108
At 31 December 2024
100
10,844
10,944
At 31 December 2024
742
1,291
2,033
At 31 December 2023
308
4,968
5,275
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Investments
Subsidiary undertakings
Valuation at 1 January 2024
437
Valuation at 31 December 2024
437
Witine Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
669
1,740
Accrued income and prepayments
351
150
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
516
653
Trade creditors
1,083
1,153
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Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
34,531
61,381
10
Transactions with related parties
An unsecured interest-free loan made by a director to the company was outstanding during the year. The amount of the liability to the director at the beginning of the year was £61,381, the maximum during the year was £84,881 and at the end of the year was £34,531. During the year £50,350 of the loan was repaid, £0 of the loan was written off and £0 of the loan was waived.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).