Company Registration No. 13756794 (England and Wales)
WPT Recovered Fibres Limited
Financial statements
for the year ended 31 December 2025
Pages for filing with the registrar
WPT Recovered Fibres Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
WPT Recovered Fibres Limited
Statement of financial position
As at 31 December 2025
1
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
68,523
75,005
Cash at bank and in hand
22,049
6,622
90,572
81,627
Creditors: amounts falling due within one year
4
(28,843)
(35,724)
Net current assets
61,729
45,903
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
60,729
44,903
Total equity
61,729
45,903

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 2 June 2026 and are signed on its behalf by:
Laurentius Valkonet
Director
Company Registration No. 13756794
WPT Recovered Fibres Limited
Notes to the financial statements
For the year ended 31 December 2025
2
1
Accounting policies
Company information

WPT Recovered Fibres Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor Waverley House, 7-12 Noel Street, London, W1F 8GQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Management believes that, after making enquiries of their immediate parent company WPT International BV, they have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has obtained a letter from their immediate parent confirming their intent to provide such financial support as required, and confirmation that they have no plans to give written notice to cease the transfer pricing agreement in place, for at least 12 months from the date of signing these financial statements. true

In addition to this, the immediate parent undertaking has confirmed the loan will not be recalled in its entirety unless the company are in a position to make payments, not to the detriment of third-party creditors or impacting on the going concern of the company.

1.3
Turnover

Turnover is recognised in respect of services provided to the immediate parent company which is based on a transfer pricing agreement between WPT Recovered Fibres Limited and Waste Paper Trade C.V. an intermediate parent company and calculated as attributable costs plus 8%.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

WPT Recovered Fibres Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
3
Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

WPT Recovered Fibres Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
4
1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
64,145
74,388
Other debtors
4,378
617
68,523
75,005
4
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
3,712
3,702
Other taxation and social security
-
0
3,641
Other creditors
25,131
28,381
28,843
35,724
5
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Sheryl Davis
Statutory Auditors:
Saffery LLP
Date of audit report:
8 June 2026
WPT Recovered Fibres Limited
Notes to the financial statements (continued)
For the year ended 31 December 2025
5
6
Parent company

The immediate parent company is WPT International B.V, a company incorporated in the Netherlands. The results of this company are included in the consolidated accounts of the ultimate parent company, Shanying International Holdings Co., Ltd., based at No 645 Anpu Road, Yangpu district, Shanghai, China.

2025-12-31 2025-01-01 false false false 08 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Laurentius Valkonet Harmannus Bakker 13756794 2025-01-01 2025-12-31 13756794 2025-12-31 13756794 2024-12-31 13756794 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 13756794 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13756794 core:CurrentFinancialInstruments 2025-12-31 13756794 core:CurrentFinancialInstruments 2024-12-31 13756794 core:ShareCapital 2025-12-31 13756794 core:ShareCapital 2024-12-31 13756794 core:RetainedEarningsAccumulatedLosses 2025-12-31 13756794 core:RetainedEarningsAccumulatedLosses 2024-12-31 13756794 bus:Director1 2025-01-01 2025-12-31 13756794 2024-01-01 2024-12-31 13756794 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13756794 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 13756794 bus:FRS102 2025-01-01 2025-12-31 13756794 bus:Audited 2025-01-01 2025-12-31 13756794 bus:Director2 2025-01-01 2025-12-31 13756794 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP