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WEMS ENERGY CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
WEMS Energy Centre Limited is a private company limited by shares incorporated in England and Wales with registration number 03296399. Its registered office is Third Floor, 1 New Fetter Lane, London, England, EC4A 1AN.
The financial statements are presented in pounds sterling which is the functional currency of the company, and rounded to the nearest £.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The Directors consider it appropriate to adopt a basis other than going concern in preparing the
financial statements, as the company will be wound up in the future.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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The average monthly number of employees, including directors, during the year was 0 (2023 - 0).
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Amounts owed by group undertakings
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Allotted, called up and fully paid
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1 (2023 - 1) Ordinary share of £1.00
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