ACCOUNTS - Final Accounts preparation

Registered number: 08211350

WHARF CAPITAL GLOBAL MARKETS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024


WHARF CAPITAL GLOBAL MARKETS LIMITED REGISTERED NUMBER:08211350

BALANCE SHEET

AS AT 30 SEPTEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	109,103		109,689
Cash at bank		78		1,352
		109,181		111,041
Creditors: amounts falling due within one year	5	(390,226)		(233,202)
Net current liabilities			(281,045)		(122,161)
Total assets less current liabilities			(281,045)		(122,161)

Capital and reserves
Allotted, called up and fully paid share capital	2	2
Profit and loss account	(281,047)	(122,163)
	(281,045)	(122,161)

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WHARF CAPITAL GLOBAL MARKETS LIMITED REGISTERED NUMBER:08211350

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 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 comprehensive income 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 on 30 September 2025.

R Akram

Director

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WHARF CAPITAL GLOBAL MARKETS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.	General information

Wharf Capital Global Markets Limited is incorporated and domiciled in England and Wales. The registered office is Harwood House, 43 Harwood Road, London, SW6 4QP.

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

Revenue

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans with related parties.

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WHARF CAPITAL GLOBAL MARKETS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

2.5

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Debtors

					2024	2023
					£	£


Other debtors	109,103	109,689

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

Trade creditors	10,974	11,640
Other taxation and social security	418	-
Other creditors	373,378	218,337
Accruals and deferred income	5,456	3,225
	390,226	233,202

6.	Related party transactions
	Transactions with directors During the year the company paid office rent of £15,600 (2023: £15,600) at arm's length to R Akram. Nature of relationship R Akram is a shareholder and director of the company.

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