REGISTERED NUMBER: 05181435 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WLP VISION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C D Grant

A L Fallowfield

REGISTERED OFFICE:

The Brew, Eagle House

163 City Road

London

EC1V 1NR

REGISTERED NUMBER:

05181435 (England and Wales)

ACCOUNTANTS:

Kingly Jones LLP

Chartered Accountants

414 Linen Hall

162-168 Regent Street

London

W1B 5TE

FIXED ASSETS

Tangible assets

4

1,773

-

CURRENT ASSETS

Debtors

5

756,173

354,898

Cash at bank

42,808

48,100

798,981

402,998

CREDITORS

Amounts falling due within one year

6

282,150

11,292

NET CURRENT ASSETS

516,831

391,706

TOTAL ASSETS LESS CURRENT LIABILITIES

518,604

391,706

CAPITAL AND RESERVES

Called up share capital

7,077

7,077

Share premium

196,935

196,935

Capital redemption reserve

705,097

705,097

Other reserves

520,384

520,384

Retained earnings

(910,889

)

(1,037,787

)

SHAREHOLDERS' FUNDS

518,604

391,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

C D Grant - Director

1.	STATUTORY INFORMATION

WLP Vision 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.

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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on cost

Financial instruments

Investments are recognised at cost less any provision for impairments where necessary.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

45,585

Additions

2,364

At 31 December 2024

47,949

DEPRECIATION

At 1 January 2024

45,585

Charge for year

591

At 31 December 2024

46,176

NET BOOK VALUE

At 31 December 2024

1,773

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

78,676

50,064

Amounts owed by group undertakings

646,054

283,418

Other debtors

-

200

Prepayments and accrued income

31,443

21,216

756,173

354,898

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,741

2,437

Amounts owed to group undertakings

264,061

-

VAT

13,580

8,855

Accruals and deferred income

2,768

-

282,150

11,292

7.	CONTINGENT LIABILITIES

The company has a fixed and floating charge over its assets and is a party to an inter-company guarantee with parent company WLP London Limited. This charge was satisfied after the year end.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is a director of the company, C D Grant.

The company is a subsidiary of WLP London Limited, their registered office is The Brew, Eagle House, 163 City Road, London EC1V 1NR.