Company Registration No. 12327672 (England and Wales)
21 WS GP Limited
Unaudited accounts
for the year ended 31 December 2021
21 WS GP Limited
Unaudited accounts
Contents
21 WS GP Limited
Company Information
for the year ended 31 December 2021
Directors
Bianca Traub
Mark Morris
Company Number
12327672 (England and Wales)
Registered Office
50 Weymouth Mews
Marylebone
London
W1G 7EH
United Kingdom
21 WS GP Limited
Statement of financial position
as at
31 December 2021
Creditors: amounts falling due within one year
(1)
(1)
Net current assets
124
124
Called up share capital
125
125
Shareholders' funds
125
125
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by
Mark Morris
Director
Company Registration No. 12327672
21 WS GP Limited
Notes to the Accounts
for the year ended 31 December 2021
21 WS GP Limited is a private company, limited by shares, registered in England and Wales, registration number 12327672. The registered office is 50 Weymouth Mews , Marylebone, London, W1G 7EH, United Kingdom.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 amounts in these financial statements are rounded to the nearest
The financial statements have been prepared under the historical cost convention. The principal accounting policies are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Income statement is presented in these financial statements.
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
3
Investments
Subsidiary undertakings
Valuation at 1 January 2021
1
Valuation at 31 December 2021
1
4
Debtors: amounts falling due within one year
2021
2020
5
Creditors: amounts falling due within one year
2021
2020
21 WS GP Limited
Notes to the Accounts
for the year ended 31 December 2021
6
Share capital
2021
2020
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100
100
25 Ordinary B shares of £1 each
25
25
The company acts as the General Partner of 21 WS LP, a limited partnership established in England and Wales. Under the terms of the Limited Partnership Agreement the company is responsible for the management, operation and administration of the affairs of the Partnership and in certain circumstances could be liable for debts of the Partnership.
Aside from that mentioned below, the directors are satisfied that as at 31 December 2021, the company had no other material liabilities, contingent or otherwise, arising from its position as General Partner.
A bank loan is secured against the group assets by way of various mortgages and charges.
8
Transactions with related parties
Parties are considered to be related if one party has the ability to control the other party or exercises significant influence over the other party in making financial or operational decisions.
Acting as the General Partner the company is a related party of the limited partnership 21 WS LP. 21 WS GP Limited is responsible for the financial and operating decisions of the Partnership. There were no distributions made to the General Partner during the year ended 31 December 2021.
The ultimate controlling party of the company is Everglen (Spring Gardens) Limited, an entity incorporated in England and Wales.
10
Post balance sheet events
The directors will continue to evaluate the impact that the Covid-19 pandemic has on its investments, but currently anticipates no material impact on the value of the assets in the fund.
11
Average number of employees
During the year the average number of employees was 0 (2020: 0).