WEALTH PLATFORM SOLUTIONS LTD

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  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.

Latest accounts filed cover 2025-02-28; financial figures currently reflect up to 2023-02-28.

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

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.