Worldwide Operations Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08496117

Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Worldwide Operations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Mogford

Mrs S D S Mogford

REGISTERED OFFICE:

2 Castle Business Village

Station Road

Hampton

Middlesex

TW12 2BX

REGISTERED NUMBER:

08496117

ACCOUNTANTS:

PB Associates

Chartered Accountants and Chartered Tax Advisers

2 Castle Business Village

Station Road

Hampton

Middlesex

TW12 2BX

FIXED ASSETS

Tangible assets

3

2,049

1,531

Investment property

4

1,369,948

1,371,997

1,371,479

CURRENT ASSETS

Debtors

5

280

3,522

Investments

6

1,221,736

1,326,706

Cash at bank

11,387

17,724

1,233,403

1,347,952

CREDITORS

Amounts falling due within one year

7

188,098

197,006

NET CURRENT ASSETS

1,045,305

1,150,946

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,417,302

2,522,425

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

2,417,202

2,522,325

SHAREHOLDERS' FUNDS

2,417,302

2,522,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2023 and were signed on its behalf by:

M A Mogford - Director

Mrs S D S Mogford - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2022

19,210

Additions

1,134

At 31 January 2023

20,344

DEPRECIATION

At 1 February 2022

17,679

Charge for year

616

At 31 January 2023

18,295

NET BOOK VALUE

At 31 January 2023

2,049

At 31 January 2022

1,531

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2022

and 31 January 2023

1,369,948

NET BOOK VALUE

At 31 January 2023

1,369,948

At 31 January 2022

1,369,948

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

Other debtors

280

3,522

6.	CURRENT ASSET INVESTMENTS

31.1.23

31.1.22

£

Listed investments

1,221,736

1,326,706

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

Amounts owed to associates

147,123

Taxation and social security

3,713

9,840

Other creditors

37,262

40,043

188,098

197,006

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.23

31.1.22

value:

£

100

Ordinary Shares

1

100

9.

RESERVES

Retained

earnings

£

At 1 February 2022

2,522,325

Deficit for the year

(105,123

)

At 31 January 2023

2,417,202

Worldwide Operations Limited - Accounts to registrar (filleted) - small 23.1.2

Worldwide Operations Limited - Accounts to registrar (filleted) - small 23.1.2