WEALTH PLATFORM SOLUTIONS LTD

• ⚠

  Material uncertainty over going concern

  As the Directors have resolved to place the Company into liquidation, it is no longer appropriate to prepare the financial statements on a going concern basis. The Company's business activities, together with the factors likely to affect its realisation of assets and settlement of liabilities during the liquidation process, are set out within the Strategic Report and the Directors' Report. In assessing the appropriate basis of preparation, the Directors have considered the Company's liabilities, which primarily relate to amounts due to the parent company. The parent company, FNZ Group Technologies Limited, has confirmed to the Directors that it will continue to support the Company throughout the liquidation process to the extent necessary. However, as the Company is expected to be wound up, this support does not alter the Directors' conclusion that the going concern basis is no longer appropriate.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  +978.2%

  £21,882 → £235,928

  highest in 4 filed years

• Net assets

  +6.4%

  -£635,788 → -£594,899

• Employees

  -100%

  14 → 0

  lowest in 5 filed years

• Operating profit

  +112.6%

  -£800,561 → £100,512

• Profit before tax

  +105.1%

  -£800,623 → £40,889

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

CT Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As the Directors have resolved to place the Company into liquidation, it is no longer appropriate to prepare the financial statements on a going concern basis. The Company's business activities, together with the factors likely to affect its realisation of assets and settlement of liabilities during the liquidation process, are set out within the Strategic Report and the Directors' Report. In assessing the appropriate basis of preparation, the Directors have considered the Company's liabilities, which primarily relate to amounts due to the parent company. The parent company, FNZ Group Technologies Limited, has confirmed to the Directors that it will continue to support the Company throughout the liquidation process to the extent necessary. However, as the Company is expected to be wound up, this support does not alter the Directors' conclusion that the going concern basis is no longer appropriate.”

Significant events

• “Subsequent to the reporting period, the company engaged with Ernst & Young (EY) to act as liquidators.”
• “The directors have resolved to place the Company into liquidation, and the process is expected to commence after the reporting date. As a result, no further trading activities are anticipated.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

1

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.