REGISTERED NUMBER: 11586496 (England and Wales)

The Working Capital Company (UK) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H W J Llewelyn

A L Llewelyn

SECRETARY:

Newcore Capital Management LLP

REGISTERED OFFICE:

First Floor

50 Marshall Street

London

W1F 9BQ

REGISTERED NUMBER:

11586496 (England and Wales)

ACCOUNTANTS:

Xeinadin South Wales & West Limited

Accountants & Business Advisors

Suite 1

Brecon House

Llantarnam Park

Cwmbran

NP44 3AB

FIXED ASSETS

Investments

4

216,794

213,459

CURRENT ASSETS

Debtors

5

45,616

29,146

Cash at bank

6,022

14,177

51,638

43,323

CREDITORS

Amounts falling due within one year

6

306,200

289,585

NET CURRENT LIABILITIES

(254,562

)

(246,262

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,768

)

(32,803

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(38,768

)

(33,803

)

(37,768

)

(32,803

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

H W J Llewelyn - Director

1.	STATUTORY INFORMATION

The Working Capital Company (UK) 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 as modified by the revaluation of certain assets.

Taxation

Taxation for the year 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 financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year 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.

Investments in unlisted shares

Investments in unlisted shares, whose market value can be reliably determined, are stated at the market value as at the balance sheet date. Gains and losses on revalution are recognised in the income Statement for the period. Where market value cannot be reliably measured, such investments are stated at historic cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

213,459

Revaluations

3,335

At 31 March 2025

216,794

NET BOOK VALUE

At 31 March 2025

216,794

At 31 March 2024

213,459

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2022

(886

)

Valuation in 2023

3,183

Valuation in 2024

(5,995

)

Valuation in 2025

3,335

Cost

217,157

216,794

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

17,500

Other debtors

45,616

11,646

45,616

29,146

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

306,200

289,585