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Registered number: 04432158
WPN CHAMELEON LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
WPN CHAMELEON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THEYEARENDED31 DECEMBER 2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
WPN CHAMELEON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
DIRECTORS
Mr John Watson
Ms Maria Phillips
Ms Gail Cookson (to 30/09/2024)
Mr John Eversley
Ms Victoria Reeves
Mr Robert Nash
REGISTERED OFFICE
1 Richmond Mews
Soho, London
W1D 3DA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04432158
WPN CHAMELEON LIMITED
BALANCE SHEET AT 31 December 2024
20242023
Notes££
FIXED ASSETS
Tangible assets53,1869,867
Investment Assets622
3,1889,869
CURRENT ASSETS
Debtors7130,907416,482
Cash at bank and in hand-31,454
130,907447,936
CREDITORS: Amounts falling due within one year8597,703697,755
NET CURRENT LIABILITIES(466,796)(249,819)
TOTAL ASSETS LESS CURRENT LIABILITIES(463,608)(239,950)
CAPITAL AND RESERVES
Called up share capital9152,294152,294
Share premium account104,3814,381
Profit and loss account(620,283)(396,625)
SHAREHOLDERS' FUNDS(463,608)(239,950)
For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22 October 2025 and signed on their behalf by
.............................
Mr John Watson
Director
WPN CHAMELEON LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
1a. Basis Of Preparation Of Financial Statements
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentstraight line25-33%
2. TAXATION
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
2a. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2b. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
3. EMPLOYEES
20242023
No.No.
Average number of employees2233
WPN CHAMELEON LIMITED
4. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 January 202444,52244,522
At 31 December 202444,52244,522
Depreciation
At 1 January 202444,52244,522
At 31 December 202444,52244,522
Net Book Amounts
At 31 December 2024--
Goodwill is the difference beween amounts paid on the acquisition of a business and fair value of the separable net assets. It was amortised over its estimated economic life of five years.
5. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 1 January 202444,71144,711
Additions1,3491,349
Disposals(8,010)(8,010)
At 31 December 202438,05038,050
Depreciation
At 1 January 202434,84434,844
Disposals(7,669)(7,669)
For the year7,6897,689
At 31 December 202434,86434,864
Net Book Amounts
At 31 December 20243,1863,186
At 31 December 20239,8679,867
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
WPN CHAMELEON LIMITED
6. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 1 January 202422
At 31 December 202422
Amortisation
Net Book Amounts
At 31 December 202422
At 31 December 202322
The investments relate to a 100% interest in the share capital of WPNC Ltd and goDonate Ltd. WPNC Ltd is a dormant company. Both companies are registered in England and Wales and the registered office for both these companies is 1 Richmond Mews, Soho, London W1D 3DA.
The total issued share capital in each of the companies is £1. goDonate Ltd's accounting period of 31 March 2025 is not co-terminus with the holding company year end.
7. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors99,784320,018
Other debtors31,12396,464
130,907416,482
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax2,3322,332
Other taxes and social security145,595179,194
Bank loans and overdrafts2,211-
Trade creditors118,78482,671
Other creditors328,781433,558
597,703697,755
The company has a bank overdraft facility of £50,000 with Barclays Bank plc. The overdraft facility is secured by way of personal guarantees given by the Directors.
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
152,294 Ordinary shares of £1 each152,294152,294
152,294152,294
WPN CHAMELEON LIMITED
10. SHARE PREMIUM ACCOUNT 20242023
££
Share premium account4,3814,381
11. EVENTS AFTER THE REPORTING DATE
The investment in goDonate Ltd was transferred on 23rd January 2025 for gross consideration of £370,863. After deductions, net proceeds were £256,085.
12. SHARE BASED PAYMENTS
The company operates an equity settled share option scheme for its employees. Share options are exercisable after two years of being granted and have a vesting period of ten years. Share options can only be exercised by employees of the company who work for at least an average of 25 hours per week.
There were no share options outstanding at the current accounting period.