ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 09989487

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	WA (NUMBER 1) LIMITED


WA (NUMBER 1) LIMITED

COMPANY INFORMATION

Directors	G Boylan
	R J N FitzGerald
	C J Chater


Registered number	09989487


Registered office	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


Accountants	Menzies LLP
	Chartered Accountants
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


WA (NUMBER 1) LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 7


WA (NUMBER 1) LIMITED REGISTERED NUMBER:09989487

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Intangible assets	4		6,563		11,126
Tangible assets	5		16,428		8,080
Investments	6		73		73
			23,064		19,279
Current assets
Debtors: amounts falling due within one year	7	722,388		832,422
Cash at bank and in hand		566,984		465,866
		1,289,372		1,298,288
Creditors: amounts falling due within one year	8	(453,226)		(585,782)
Net current assets			836,146		712,506
Total assets less current liabilities			859,210		731,785
Creditors: amounts falling due after more than one year	9		-		(15,795)

Net assets			859,210		715,990

Capital and reserves
Allotted, called up and fully paid share capital	272	272
Share premium account	1,413,624	1,413,624
Profit and loss account	(554,686)	(697,906)
	859,210	715,990

Page 1


WA (NUMBER 1) LIMITED REGISTERED NUMBER:09989487

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R J N FitzGerald

Director

Date: 30 September 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


WA (NUMBER 1) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

WA (Number 1) Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements.

The principal place of business is the following:

Unit IR.2.11

Ink Rooms

25-37 Easton Street

Clerkenwell

London

WC1X 0BE

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

2.Accounting policies

2.1

Basis of preparation of financial statements

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 following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Revenue

Revenue consists of mixed martial arts events held and fees from their fighters performing at these events. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3


WA (NUMBER 1) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Office equipment	-	25%
				Computer equipment	-	25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financialassets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loansto related parties and investments in ordinary shares

Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 10).

Page 4


WA (NUMBER 1) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Intangible assets

		IP and trademarks
		£
	Cost
	At 1 January 2024	45,631
	At 31 December 2024	45,631
	Amortisation
	At 1 January 2024	34,505
	Charge for the year on owned assets	4,563
	At 31 December 2024	39,068
	Net book value
	At 31 December 2024	6,563
	At 31 December 2023	11,126

5.	Tangible fixed assets

	Office equipment	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 January 2024	2,858	5,222	8,080
Additions	7,388	3,973	11,361
At 31 December 2024	10,246	9,195	19,441
Depreciation
Charge for the year on owned assets	714	2,299	3,013
At 31 December 2024	714	2,299	3,013
Net book value
At 31 December 2024	9,532	6,896	16,428
At 31 December 2023	2,858	5,222	8,080

Page 5


WA (NUMBER 1) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	73
	At 31 December 2024	73

Debtors

					2024	2023
					£	£


Trade debtors	229,729	145,034
Amounts owed by group undertakings	115,962	213,132
Other debtors	15,582	42,442
Prepayments and accrued income	361,115	431,814
	722,388	832,422

8.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	-	9,988
Trade creditors	322,287	336,787
Corporation tax	10,207	7,300
Other taxation and social security	11,969	16,783
Other creditors	2,338	2,303
Accruals and deferred income	106,425	212,621
	453,226	585,782

9.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	-	15,795
	-	15,795

Page 6


WA (NUMBER 1) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Not later than 1 year	21,555	51,944
Later than 1 year and not later than 5 years	-	21,555
	21,555	73,499

Page 7