WB Spitalfields Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

WB Spitalfields Limited

Balance Sheet

30 December 2024

	Note	2024 £	2023 £
Current assets
Debtors	4	1	1
Capital and reserves
Called up share capital	5	1	1
Shareholders' funds		1	1

For the financial year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 30 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 26 September 2025 and signed on its behalf by:
 

......................................... B P L Wright Director

Company Registration Number: 08269801

WB Spitalfields Limited

Notes to the Unaudited Financial Statements

Year Ended 30 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
56 Old Brompton Road
London
SW7 3DY

These financial statements were authorised for issue by the Board on 26 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Profit and loss account

The company has not traded during the period or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

WB Spitalfields Limited

Notes to the Unaudited Financial Statements

Year Ended 30 December 2024

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 Recognition and measurement
Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Debtors

	Note	2024 £	2023 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	6	1	1
		1	1

5	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary share capital of £1 each	1	1	1	1

6	Related party transactions

In accordance with FRS 102 Section 33 "Related Party Disclosures" the company has taken advantage of the exemption not to disclose transactions with any of the wholly owned members of the group.

WB Spitalfields Limited

Notes to the Unaudited Financial Statements

Year Ended 30 December 2024

7. Parent and ultimate parent undertakings

The directors consider that the ultimate parent undertaking is Wright Bros. (Holdings) Limited, a company incorporated in the UK.

Wright Bros. (Holdings) Limited is the immediate parent, and is the smallest and largest group for which consolidated accounts including WB Spitalfields Limited are prepared. The consolidated accounts of Wright Bros. (Holdings) Limited are available from its registered office, 56 Old Brompton Road, London, SW7 3DY.