Company Registration No. 12327672 (England and Wales)
21 WS GP LIMITED
(FORMERLY ORIGIN WELLINGTON GP LIMITED)
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2020
PAGES FOR FILING WITH REGISTRAR
21 WS GP LIMITED
(FORMERLY ORIGIN WELLINGTON GP LIMITED)
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
21 WS GP LIMITED
(FORMERLY ORIGIN WELLINGTON GP LIMITED)
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2020
31 December 2020
- 1 -
2020
Notes
£
£
Non-current assets
Investments
2
1
Current assets
Trade and other receivables
3
125
Current liabilities
4
(1)
Net current assets
124
Total assets less current liabilities
125
Equity
Called up share capital
5
125
The directors of the company have elected not to include a copy of the income statement within the financial statements.
true
For the financial period ended 31 December 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered 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 18 August 2021 and are signed on its behalf by:
B Traub
Director
Company Registration No. 12327672
21 WS GP LIMITED
(FORMERLY ORIGIN WELLINGTON GP LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2020
- 2 -
1
Accounting policies
Company information
21 WS GP Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
50 Weymouth Mews, Marylebone, London, W1G 7EH.
1.1
Accounting convention
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 a
mounts
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
.
1.2
Reporting period
The reporting period is greater than one year as the company was incorporated on 21 November 2019 and has chosen a reporting period ending on 31 December 2020.
1.3
Income statement
The company has not traded during the period. During
this time,
the company received no income and incurred no expenditure and therefore no Income statement is presented
in these financial statements.
1.4
Non-current investments
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.
21 WS GP LIMITED
(FORMERLY ORIGIN WELLINGTON GP LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2020
- 3 -
2
Fixed asset investments
2020
£
Investments
1
Movements in non-current investments
Shares in group undertakings
£
Cost or valuation
At 21 November 2019
-
Additions
1
At 31 December 2020
1
Carrying amount
At 31 December 2020
1
3
Trade and other receivables
2020
Amounts falling due within one year:
£
Other receivables
125
4
Current liabilities
2020
£
Other payables
1
5
Called up share capital
2020
Ordinary share capital
£
Issued and not fully paid
Ordinary A shares of £1 each
100
Ordinary B shares of £1 each
25
125
Both the 'A' and 'B' class shares are voting shares.
21 WS GP LIMITED
(FORMERLY ORIGIN WELLINGTON GP LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2020
- 4 -
6
Financial commitments, guarantees and contingent liabilities
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 2020, 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.
7
Events after the reporting date
Following the period end, a third period of lockdown was announced in the UK and the ongoing situation may directly or indirectly impact the company’s investments or operations. 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.
8
Related party transactions
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 period ended 31 December 2020.
9
Parent company
The ultimate controlling party of the company is Everglen (Spring Gardens) Limited, an entity incorporated in England and Wales.