REGISTERED NUMBER: 12207644 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 JANUARY 2024 TO 29 DECEMBER 2024

FOR

WPC 9 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J D Weight

REGISTERED OFFICE:

C/O Oasys Accountants

850 Green Lanes

London

N21 2RS

REGISTERED NUMBER:

12207644 (England and Wales)

AUDITORS:

Burnside

Chartered Accountants

and Statutory Auditor

61 Queen Square

Bristol

BS1 4JZ

FIXED ASSETS

Intangible assets

4

(113,460

)

(133,192

)

Tangible assets

5

82,842

100,608

(30,618

)

(32,584

)

CURRENT ASSETS

Debtors

6

390,481

301,769

Cash at bank

8,651

5,756

399,132

307,525

CREDITORS

Amounts falling due within one year

7

248,286

195,418

NET CURRENT ASSETS

150,846

112,107

TOTAL ASSETS LESS CURRENT LIABILITIES

120,228

79,523

CREDITORS

Amounts falling due after more than one year

8

204,337

203,615

NET LIABILITIES

(84,109

)

(124,092

)

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

(84,110

)

(124,093

)

SHAREHOLDERS' FUNDS

(84,109

)

(124,092

)

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 December 2025 and were signed by:

J D Weight - Director

1.	STATUTORY INFORMATION

WPC 9 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounting reference date of the company is 31 December but the financial statements have been drawn up to a Sunday within seven days of this date, which for this year is 29 December 2024.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 10 years

Fixtures and fittings

-

Straight line over 3 to 12 years

Computer equipment

-

Straight line over 3 years

Financial instruments

Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Interest bearing loans which meet the criteria of basic financial instruments are initially recorded at the present value of cash payable to the lender, usually being equivalent to the proceeds received net of direct issue costs. These liabilities are subsequently measured at amortised cost, using the effective interest rate method.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The financial statements have been prepared on a going concern basis as the immediate parent undertaking, WPC10 Limited, has confirmed its intention to make available such funds as needed by the company to continue in operational existence for the foreseeable future, by meeting the company's liabilities as they fall due, being a period of at least twelve months from the date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 29 December 2024

(197,322

)

AMORTISATION

At 1 January 2024

(64,130

)

Charge written back

(19,732

)

At 29 December 2024

(83,862

)

NET BOOK VALUE

At 29 December 2024

(113,460

)

At 31 December 2023

(133,192

)

Goodwill arose on purchase of certain trade and assets of Rileys Sports Bars (2014) Limited.

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

79,939

237,516

91,841

409,296

Additions

3,794

-

19,769

23,563

At 29 December 2024

83,733

237,516

111,610

432,859

DEPRECIATION

At 1 January 2024

50,805

233,875

24,008

308,688

Charge for period

8,026

2,093

31,210

41,329

At 29 December 2024

58,831

235,968

55,218

350,017

NET BOOK VALUE

At 29 December 2024

24,902

1,548

56,392

82,842

At 31 December 2023

29,134

3,641

67,833

100,608

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

105,517

90,043

Other debtors

222

403

VAT

248,925

152,002

Prepayments and accrued income

35,817

59,321

390,481

301,769

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

68,390

27,162

Amounts owed to group undertakings

-

22,061

Social security and other taxes

15,215

19,257

Other creditors

3,291

2,278

Accruals and deferred income

161,390

124,660

248,286

195,418

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Loans due to group companies

204,337

203,615

2024

2023

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Loans due to group companies

204,337

203,615

Loans due to group companies are subject to interest at a rate of 22% per annum and are repayable in full by 31 December 2029. Interest on these loans has been waived for the period at the discretion of the parent company WPC10 Limited.

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Loans due to group companies

204,337

203,615

The loan due to the immediate parent undertaking WPC10 Limited is secured by a debenture over the assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary share capital

£1

1

1

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Coombe FCA (Senior Statutory Auditor)

for and on behalf of Burnside

12.	SECURITY OVER ASSETS

At the 29 December 2024 the company’s borrowings were secured as follows:

- A charge in favour of Triple Point Advancr Leasing Plc, created on 20 December 2022, covering all present and future freehold and leasehold property of the company.

- A charge in favour of Weight Partners Corporate Limited, created on 7 October 2020, over multiple properties.

Both of the above charges remained outstanding at the balance sheet date.

As at the balance sheet date, the amount secured in the parent company was £2,036,812 (31 December 2023 - £2,000,000).

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J D Weight.

The immediate parent undertaking is WPC10 Limited and the ultimate parent company is Weight Partners Corporate Limited.

The smallest and largest group in which the results of the company are consolidated is that headed by WPC 10 Limited, incorporated in England and Wales, whose financial statements are available from C/O Oasys Accountants, 850 Green Lanes, London, England, N21 2RS.