Workforce IP Limited - Accounts

WORKFORCE IP LIMITED - Company Information

2022-07-01 2023-06-30 false Capium Accounts Production 1.1 11816388 bus:FullAccounts 2022-07-01 2023-06-30 11816388 bus:FRS102 2022-07-01 2023-06-30 11816388 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 11816388 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 11816388 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11816388 2022-07-01 2023-06-30 11816388 2023-06-30 11816388 bus:RegisteredOffice 2022-07-01 2023-06-30 11816388 core:WithinOneYear 2023-06-30 11816388 core:AfterOneYear 2023-06-30 11816388 bus:Director1 2022-07-01 2023-06-30 11816388 bus:Director1 2023-06-30 11816388 bus:Director1 2021-07-01 2022-06-30 11816388 bus:Director2 2022-07-01 2023-06-30 11816388 bus:Director2 2023-06-30 11816388 bus:Director2 2021-07-01 2022-06-30 11816388 bus:Director3 2022-07-01 2023-06-30 11816388 bus:Director3 2023-06-30 11816388 bus:Director3 2021-07-01 2022-06-30 11816388 bus:Director4 2022-07-01 2023-06-30 11816388 bus:Director4 2023-06-30 11816388 bus:Director4 2021-07-01 2022-06-30 11816388 2021-07-01 11816388 bus:CompanySecretary1 2022-07-01 2023-06-30 11816388 bus:LeadAgentIfApplicable 2022-07-01 2023-06-30 11816388 2021-07-01 2022-06-30 11816388 2022-06-30 11816388 core:WithinOneYear 2022-06-30 11816388 core:AfterOneYear 2022-06-30 11816388 bus:EntityAccountantsOrAuditors 2021-07-01 2022-06-30 11816388 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 11816388 bus:OrdinaryShareClass1 2023-06-30 11816388 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 11816388 bus:OrdinaryShareClass1 2022-06-30 11816388 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 11816388 core:CostValuation core:Non-currentFinancialInstruments 2022-06-30 11816388 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-06-30 11816388 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-06-30 11816388 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-06-30 11816388 core:Non-currentFinancialInstruments 2023-06-30 11816388 core:Non-currentFinancialInstruments 2022-06-30 11816388 core:ShareCapital 2023-06-30 11816388 core:ShareCapital 2022-06-30 11816388 core:RetainedEarningsAccumulatedLosses 2023-06-30 11816388 core:RetainedEarningsAccumulatedLosses 2022-06-30 11816388 dpl:Item1 2022-07-01 11816388 dpl:Item1 2023-06-30 11816388 dpl:Item1 2021-07-01 11816388 dpl:Item1 2022-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered Number: 11816388

England and Wales

WORKFORCE IP LIMITED

Unaudited Financial Statements

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

Workforce IP Limited
Statement of Financial Position
As at 30 June 2023

	Notes	2023 £	2022 £
Current assets
Debtors	3	(110,000)	(110,000)
Cash at bank and in hand		8,108	8,431
		(101,892)	(101,569)
Creditors: amount falling due within one year	4	(1,080)	0
Net current liabilities		(102,972)	(101,569)

Total assets less current liabilities		(102,972)	(101,569)
Net liabilities		(102,972)	(101,569)

Capital and reserves
Called up share capital	5	100	100
Profit and loss account		(103,072)	(101,669)
Shareholder's funds		(102,972)	(101,569)

For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 14 March 2024 and were signed on its behalf by:

-------------------------------
Josh Cameron
Director

Workforce IP Limited
Notes to the Financial Statements
For the year ended 30 June 2023

General Information

Workforce IP Limited is a private company, limited by shares, registered in England and Wales, registration number 11816388, registration address 1 Mark Square, C/O Wework, London, EC2A 4EG.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions if 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.

2.	Average number of employees Average number of employees during the year was 0 (2022 : 0).

Debtors: amounts falling due within one year

	2023 £		2022 £
Amount Owed by Group Undertakings	(110,000)		(110,000)
	(110,000)		(110,000)

Creditors: amount falling due within one year

	2023 £		2022 £
Accrued Expenses	1,080		0
	1,080		0

Share Capital

Allotted, called up and fully paid	2023 £		2022 £
100 Class A shares of £1.00 each	100		100
	100		100

Related parties

During the year the company entered into the following transactions with related parties:

	Transaction value - income/(expenses)		Balance owed by/(owed to)
	2023 £	2022 £	2023 £	2022 £
EPI Capital Pty Ltd	0	0	0	0
Workforce Success Ltd	0	0	0	0
Workforce Enterprises Ltd	0	0	0	0
Workforce HCM Limited	0	0	(110,000)	(110,000)

EPI Capital Pty Ltd is a related party to the company by virtue of common control of the entities at group level, in that they are both part of the Tanda group of companies.
Workforce Success Ltd is a related party by virtue of common ownership, in that it is owned by Jake Phillpot, a director of the company.
Workforce Enterprise Ltd is a related party by virtue of the company being 100% owned by Workforce Enterprise Ltd.
Workforce HCM Ltd is a related party to the company, by virtue of common control of the entities at group level, in that they are both part of the Tanda group of companies. As at 30 June 2023, Workforce IP owes £110,000 (2022: £110,000) to Workforce HCM Limited.