WWUK1_Limited_31_Dec_2024_companies_house_set_of

WWUK1 Limited

Statement of Financial Position

31 December 2024

		2024		2023
	Note	£		£
Fixed assets
Tangible assets	5	191,983		214,927
Current assets
Stocks		10,096		14,614
Debtors	6	134,592		328,506
Cash at bank and in hand		2,862		10,652
		147,550		353,772
Creditors: amounts falling due within one year	7	(1,207,838	)	(1,511,503	)
Net current liabilities		(1,060,288	)	(1,157,731	)
Total assets less current liabilities		(868,305	)	(942,804	)
Creditors: amounts falling due after more than one year	8	(36,082	)	(38,333	)
Net liabilities		(904,387	)	(981,137	)
Capital and reserves
Called up share capital		1		1
Profit and loss account		(904,388	)	(981,138	)
Shareholders deficit		(904,387	)	(981,137	)

For the year ending

31 December 2024

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

8 December 2025

, and are signed on behalf of the board by:

Rami Awada

Director

Company registration number:

10542713

WWUK1 Limited

Notes to the Financial Statements

Year ended

31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Deansfield House

98 Lancaster Road

Newcastle under Lyme

Staffordshire

ST5 1DS

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Land and buildings	18% straight line
Fixtures, fittings and equipment	10% straight line
Office equipment	33% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Operating leases

A lease is classified as an operating lease if it does not transfer substantially all the risks and rewards incidental to ownership. Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

4 Average number of employees

The average number of persons employed by the company during the year was

(2023:

5 Tangible assets

	Land and buildings	Plant and machinery etc.	Total
	£	£	£
Cost
At 1 January 2024	199,246	157,029	356,275
Additions	-	3,012	3,012
At 31 December 2024	199,246	160,041	359,287
Depreciation
At 1 January 2024	62,578	78,770	141,348
Charge	11,069	14,887	25,956
At 31 December 2024	73,647	93,657	167,304
Carrying amount
At 31 December 2024	125,599	66,384	191,983
At 31 December 2023	136,668	78,259	214,927

6 Debtors

	2024	2023
	£	£
Trade debtors	19,388	5,023
Amounts owed by group undertakings and undertakings in which the company has a participating interest	-	268,799
Other debtors	115,204	54,684
	134,592	328,506

7 Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	6,186	10,000
Trade creditors	394,344	477,247
Amounts owed to group undertakings and undertakings in which the company has a participating interest	-	913,525
Taxation and social security	103,390	52,026
Other creditors	703,918	58,705
	1,207,838	1,511,503

8 Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans and overdrafts	36,082		38,333

9 Operating leases

	2024	2023
The company as lessee
	£	£
Not later than 1 year	64,800.00	64,800.00
Later than 1 year and not later than 5 years	259,200.00	259,200
Later than 5 years	405,000	469,800
	729,000	793,800

10 Related party transactions

Mr Rami Awada is a related party by virtue of his directorship and shareholding in the company.

During the year no transactions occurred between Mr Rami Awada and the company.

Mr Nader Awada is a related party by virtue of his shareholding in the company.

Mr Nader Awada was owed the sum of £618,216 at the balance sheet date. (2023 : £NIL)

11 Controlling party

Mr Rami Awada and Mr Nader Awada are the ultimate controlling parties by virtue of their equal shareholding in AAA Investment House Limited. (Company Number : 09757058).

12 Going concern

As reflected within these financial statements, the company has reported a trading profit of £76,750 (2023 Loss : £242,577) and has an accumulated loss of £904,388 (2023 : £981,138).

Assuming the continued financial support of the other group undertakings, it is the view of the director that the company will continue in operational existence in the foreseeable future and will be able to meet its liabilities as they fall due.

Accordingly, the financial statements have been prepared on the going concern basis.