REGISTERED NUMBER: 04427330 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

WLP LONDON LIMITED

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

5

Notes to the Consolidated Financial Statements

6

DIRECTORS:

C D Grant

A L Fallowfield

SECRETARY:

A L Fallowfield

REGISTERED OFFICE:

The Brew

Eagle House

163 City Road

London

EC1V 1NR

REGISTERED NUMBER:

04427330 (England and Wales)

ACCOUNTANTS:

Kingly Jones LLP

Chartered Accountants

414 Linen Hall

162-168 Regent Street

London

W1B 5TE

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2025 to the date of this report.

C D Grant

A L Fallowfield

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

C D Grant - Director

17 September 2026

TURNOVER

1,574,181

1,695,208

Cost of sales

416,989

552,376

GROSS PROFIT

1,157,192

1,142,832

Administrative expenses

1,120,945

1,051,965

36,247

90,867

Other operating income

-

2,393

OPERATING PROFIT

4

36,247

93,260

Interest payable and similar expenses

657

1,228

PROFIT BEFORE TAXATION

35,590

92,032

Tax on profit

-

(4,729

)

PROFIT FOR THE FINANCIAL YEAR

35,590

96,761

Profit attributable to:

Owners of the parent

35,590

96,761

FIXED ASSETS

Intangible assets

7

-

-

Tangible assets

8

28,940

23,352

Investments

9

-

-

28,940

23,352

CURRENT ASSETS

Debtors

10

348,323

429,222

Cash at bank and in hand

299,830

210,063

648,153

639,285

CREDITORS

Amounts falling due within one year

11

327,063

263,197

NET CURRENT ASSETS

321,090

376,088

TOTAL ASSETS LESS CURRENT LIABILITIES

350,030

399,440

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

349,030

398,440

SHAREHOLDERS' FUNDS

350,030

399,440

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

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

The directors acknowledge their responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared 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 17 September 2026 and were signed on its behalf by:

C D Grant - Director

FIXED ASSETS

Intangible assets

7

-

-

Tangible assets

8

22,559

21,579

Investments

9

503,126

503,126

525,685

524,705

CURRENT ASSETS

Debtors

10

798,903

583,161

Cash at bank and in hand

229,640

167,255

1,028,543

750,416

CREDITORS

Amounts falling due within one year

11

1,284,543

891,161

NET CURRENT LIABILITIES

(256,000

)

(140,745

)

TOTAL ASSETS LESS CURRENT LIABILITIES

269,685

383,960

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

268,685

382,960

SHAREHOLDERS' FUNDS

269,685

383,960

Company's loss for the financial year

(29,275

)

(30,137

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 17 September 2026 and were signed on its behalf by:

C D Grant - Director

1.	STATUTORY INFORMATION

WLP London 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 General 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.

Basis of consolidation

The Group consolidated financial statements include the financial statements of the Company and all of its material subsidiary undertakings. A subsidiary is an entity controlled by the Group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits form its activities. Intercompany transactions and balances between group companies are eliminated on consolidation and the accounting policies of subsidiaries are changed when necessary to ensure consistency with group accounting policies.

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 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Pension costs and other post-retirement benefits

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

15,124

18,609

5.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

6.

DIVIDENDS

An interim dividend of £85,000 was paid to the directors on 12th May 2025. No further dividends were declared nor paid and therefore the total distribution of dividends for the financial year ended 31 December 2025 is £85,000.

7.	INTANGIBLE FIXED ASSETS

Group

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

353,637

AMORTISATION

At 1 January 2025

and 31 December 2025

353,637

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

8.	TANGIBLE FIXED ASSETS

Group

Plant and

machinery

etc

£

COST

At 1 January 2025

123,138

Additions

20,712

At 31 December 2025

143,850

DEPRECIATION

At 1 January 2025

99,786

Charge for year

15,124

At 31 December 2025

114,910

NET BOOK VALUE

At 31 December 2025

28,940

At 31 December 2024

23,352

Company

Plant and

machinery

etc

£

COST

At 1 January 2025

75,189

Additions

14,673

At 31 December 2025

89,862

DEPRECIATION

At 1 January 2025

53,610

Charge for year

13,693

At 31 December 2025

67,303

NET BOOK VALUE

At 31 December 2025

22,559

At 31 December 2024

21,579

9.	FIXED ASSET INVESTMENTS

Company

Included in investments, is £503,125 in respect of the cost of 100% of the ordinary share capital of WLP Vision Limited the company's subsidiary. (registered in England and Wales).

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

£

£

£

Trade debtors

265,183

356,998

181,555

278,322

Amounts owed by group undertakings

-

-

572,209

264,061

Other debtors

83,140

72,224

45,139

40,778

348,323

429,222

798,903

583,161

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

£

£

£

Trade creditors

64,967

92,109

60,360

90,367

Amounts owed to group undertakings

-

-

976,055

646,054

Taxation and social security

111,320

114,468

99,452

100,888

Other creditors

150,776

56,620

148,676

53,852

327,063

263,197

1,284,543

891,161

12.	ULTIMATE CONTROLLING PARTY

The controlling party is a director of the company C D Grant.