REGISTERED NUMBER: 04427330 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WLP LONDON LIMITED

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

5

Notes to the Consolidated Financial Statements

6

DIRECTORS:

C D Grant

A L Fallowfield

SECRETARY:

A L Fallowfield

REGISTERED OFFICE:

The Brew

Eagle House

163 City Road

London

EC1V 1NR

REGISTERED NUMBER:

04427330 (England and Wales)

ACCOUNTANTS:

Kingly Jones LLP

Chartered Accountants

414 Linen Hall

162-168 Regent Street

London

W1B 5TE

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

C D Grant

A L Fallowfield

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

C D Grant - Director

18 September 2025

TURNOVER

1,695,208

1,523,294

Cost of sales

552,376

504,260

GROSS PROFIT

1,142,832

1,019,034

Administrative expenses

1,051,965

1,093,307

90,867

(74,273

)

Other operating income

2,393

-

OPERATING PROFIT/(LOSS)

4

93,260

(74,273

)

Amounts written off investments

-

200

93,260

(74,473

)

Interest payable and similar expenses

1,228

-

PROFIT/(LOSS) BEFORE TAXATION

92,032

(74,473

)

Tax on profit/(loss)

(4,729

)

(100

)

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

96,761

(74,373

)

Profit/(loss) attributable to:

Owners of the parent

96,761

(74,373

)

FIXED ASSETS

Intangible assets

6

-

-

Tangible assets

7

23,352

33,053

Investments

8

-

-

23,352

33,053

CURRENT ASSETS

Debtors

9

429,222

365,457

Cash at bank and in hand

210,063

99,200

639,285

464,657

CREDITORS

Amounts falling due within one year

10

263,197

195,031

NET CURRENT ASSETS

376,088

269,626

TOTAL ASSETS LESS CURRENT LIABILITIES

399,440

302,679

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

398,440

301,679

SHAREHOLDERS' FUNDS

399,440

302,679

The company and the group are 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 and the group 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 group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

FIXED ASSETS

Intangible assets

6

-

-

Tangible assets

7

21,579

33,053

Investments

8

503,126

503,126

524,705

536,179

CURRENT ASSETS

Debtors

9

583,161

293,949

Cash at bank and in hand

167,255

51,100

750,416

345,049

CREDITORS

Amounts falling due within one year

10

891,161

467,131

NET CURRENT LIABILITIES

(140,745

)

(122,082

)

TOTAL ASSETS LESS CURRENT LIABILITIES

383,960

414,097

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

382,960

413,097

SHAREHOLDERS' FUNDS

383,960

414,097

Company's loss for the financial year

(30,137

)

(31,090

)

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 in accordance with the provisions applicable to companies subject to the small companies regime.

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 London 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 General 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.

Basis of consolidation

The Group consolidated financial statements include the financial statements of the Company and all of its material subsidiary undertakings. A subsidiary is an entity controlled by the Group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits form its activities. Intercompany transactions and balances between group companies are eliminated on consolidation and the accounting policies of subsidiaries are changed when necessary to ensure consistency with group accounting policies.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost and 15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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 19 (2023 - 21 ) .

4.	OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

2024

2023

£

£

Depreciation - owned assets

18,609

16,958

5.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

6.	INTANGIBLE FIXED ASSETS

Group

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

353,637

AMORTISATION

At 1 January 2024

and 31 December 2024

353,637

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

7.	TANGIBLE FIXED ASSETS

Group

Plant and

machinery

etc

£

COST

At 1 January 2024

116,102

Additions

9,401

Disposals

(2,365

)

At 31 December 2024

123,138

DEPRECIATION

At 1 January 2024

83,049

Charge for year

18,609

Eliminated on disposal

(1,872

)

At 31 December 2024

99,786

NET BOOK VALUE

At 31 December 2024

23,352

At 31 December 2023

33,053

Company

Plant and

machinery

etc

£

COST

At 1 January 2024

70,517

Additions

7,037

Disposals

(2,365

)

At 31 December 2024

75,189

DEPRECIATION

At 1 January 2024

37,464

Charge for year

18,018

Eliminated on disposal

(1,872

)

At 31 December 2024

53,610

NET BOOK VALUE

At 31 December 2024

21,579

At 31 December 2023

33,053

8.	FIXED ASSET INVESTMENTS

Company

Included in investments, is £503,125 in respect of the cost of 100% of the ordinary share capital of WLP Vision Limited the company's subsidiary. (registered in England and Wales).

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2024

2023

2024

2023

£

£

£

£

Trade debtors

356,998

324,513

278,322

274,449

Amounts owed by group undertakings

-

-

264,061

-

Other debtors

72,224

40,944

40,778

19,500

429,222

365,457

583,161

293,949

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2024

2023

2024

2023

£

£

£

£

Trade creditors

92,109

59,796

90,367

57,359

Amounts owed to group undertakings

-

-

646,054

283,392

Taxation and social security

114,468

111,634

100,888

102,779

Other creditors

56,620

23,601

53,852

23,601

263,197

195,031

891,161

467,131

11.	ULTIMATE CONTROLLING PARTY

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