W1 M Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11763403 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2023

for

W1 M LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Roddison FCA

REGISTERED OFFICE:

The Old Workshop

1 Ecclesall Road

Sheffield

South Yorkshire

S11 9PA

REGISTERED NUMBER:

11763403 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

The Old Workshop

1 Ecclesall Road South

Sheffield

South Yorkshire

S11 9PA

FIXED ASSETS

Investments

4

3,188,296

2,947,725

CURRENT ASSETS

Cash at bank

8,243

10,089

CREDITORS

Amounts falling due within one year

5

3,230,522

2,950,770

NET CURRENT LIABILITIES

(3,222,279

)

(2,940,681

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(33,983

)

7,044

PROVISIONS FOR LIABILITIES

-

5,094

NET (LIABILITIES)/ASSETS

(33,983

)

1,950

CAPITAL AND RESERVES

Called up share capital

1

1

Non-distributable reserves

-

26,809

Retained earnings

(33,984

)

(24,860

)

SHAREHOLDERS' FUNDS

(33,983

)

1,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 12 December 2023 and were signed by:

J Roddison FCA - Director

1.	STATUTORY INFORMATION

W1 M 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 May 2022

2,947,725

Additions

278,230

Revaluations

(46,495

)

Dividends received

8,836

At 30 April 2023

3,188,296

NET BOOK VALUE

At 30 April 2023

3,188,296

At 30 April 2022

2,947,725

Cost or valuation at 30 April 2023 is represented by:

Other

investments

£

Valuation in 2020

(4,363

)

Valuation in 2021

111,693

Valuation in 2022

(80,521

)

Valuation in 2023

(37,659

)

Cost

3,199,146

3,188,296

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans and overdrafts

5,321

3,849

Other creditors

3,225,201

2,946,921

3,230,522

2,950,770

6.	ULTIMATE CONTROLLING PARTY

The controlling party is M E K O Owuo.