REGISTERED NUMBER: 08323764 (England and Wales)

UK WORKPLACE SOLUTIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S G Chrystal

Mr N Smith

Mr D A Palmer

REGISTERED OFFICE:

Suite A, 5th Floor

UK Workplace Solutions

West One, Forth Banks

Newcastle Upton Tyne

Tyne and Wear

NE1 3PA

REGISTERED NUMBER:

08323764 (England and Wales)

ACCOUNTANTS:

ApC

Chartered Accountants

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

FIXED ASSETS

Investments

5

1,167,000

1,067,000

TOTAL ASSETS LESS CURRENT LIABILITIES

1,167,000

1,067,000

CAPITAL AND RESERVES

Called up share capital

6

671,048

571,048

Share premium

49,987

49,987

Retained earnings

445,965

445,965

SHAREHOLDERS' FUNDS

1,167,000

1,067,000

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 29 October 2026 and were signed on its behalf by:

Mr S G Chrystal - Director

1.	STATUTORY INFORMATION

UK Workplace Solutions Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

UK Workplace Solutions Ltd ceased to trade on 31 October 2018, when the assets, liabilities and goodwill of the business were sold.

Related party exemption

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments

Financial instruments 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4.	EMPLOYEES AND DIRECTORS

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

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2024

1,067,000

Additions

100,000

At 31 October 2025

1,167,000

NET BOOK VALUE

At 31 October 2025

1,167,000

At 31 October 2024

1,067,000

On 31 October 2018, the company acquired the entire issued share capital of WPS Advisory Limited for a total consideration of £1,067,000.

The consideration comprised:

£1,000,000 relating to the issue of 1,000 ordinary shares of £1 each in WPS Advisory Limited at a premium of £999 per share, as part of the transfer of the trade, assets and liabilities of UK Workplace Solutions Limited to WPS Advisory Limited.

£67,000 paid as cash consideration.

On 26 May 2025, the company made a further investment of £100,000 in WPS Advisory Limited through the allotment of additional shares.

This investment was funded by a corresponding £100,000 share allotment in UK Workplace Solutions Limited to its parent company, Devere Group Limited.

The total cost of the investment in WPS Advisory Limited at the reporting date was £1,167,000.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

671,048

Ordinary

£1

671,048

571,048

On 26 May 2025, the company allotted and issued 100,000 ordinary shares of £1 each at par to its parent undertaking, Devere Group Limited, for total consideration of £100,000.

The proceeds were used to fund a further investment of £100,000 in the company's wholly owned subsidiary, WPS Advisory Limited.

7.	CAPITAL COMMITMENTS

The company had no capital commitments, or contingent liabilities at the balance sheet date.

8.	RELATED PARTY DISCLOSURES

The following amounts of directors remuneration (including employers national insurance) are as follows:

2025

2024

as restated

£

£

Directors remuneration

-

-

Directors pension

-

-

-

-

Key management personnel remuneration in the year totalled £Nil. (2024: £Nil)