COMPANY REGISTRATION NUMBER:
15322945
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Weareonepointfive Holdings Limited |
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Filleted Unaudited Financial Statements |
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Weareonepointfive Holdings Limited |
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Statement of Financial Position |
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31 December 2024
Fixed assets
Current assets
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Cash at bank and in hand |
511,934 |
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|
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Creditors: amounts falling due within one year |
5 |
1,503,408 |
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------------ |
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Net current liabilities |
991,474 |
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Total assets less current liabilities |
76,960 |
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-------- |
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Capital and reserves
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Called up share capital |
204 |
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Profit and loss account |
76,756 |
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-------- |
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Shareholders funds |
76,960 |
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-------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
22 September 2025
, and are signed on behalf of the board by:
Company registration number:
15322945
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Weareonepointfive Holdings Limited |
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Notes to the Financial Statements |
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Period from 1 December 2023 to 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Ministry, 79-81 Borough Rd, London, SE1 1DN, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded a transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Investments
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Other investments other than loans |
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£ |
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Cost |
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At 1 December 2023 |
– |
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Additions |
1,068,826 |
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Other movements |
(
392) |
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At 31 December 2024 |
1,068,434 |
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Impairment |
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At 1 December 2023 and 31 December 2024 |
– |
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Carrying amount |
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At 31 December 2024 |
1,068,434 |
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5.
Creditors:
amounts falling due within one year
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31 Dec 24 |
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£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
1,503,178 |
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Corporation tax |
230 |
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1,503,408 |
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