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REGISTERED NUMBER: 04454599 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Worldweary Limited

Worldweary Limited (Registered number: 04454599)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Worldweary Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs C Maddison
Mr J Maddison





REGISTERED OFFICE: 13 Phoenix Chase
New York
North Shields
NE29 8SS





REGISTERED NUMBER: 04454599 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Worldweary Limited (Registered number: 04454599)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,681,434 2,683,742

CURRENT ASSETS
Stocks 299,007 274,512
Debtors 5 1,166,718 1,228,816
Cash at bank 186,594 160,460
1,652,319 1,663,788
CREDITORS
Amounts falling due within one year 6 2,801,510 3,098,009
NET CURRENT LIABILITIES (1,149,191 ) (1,434,221 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,532,243

1,249,521

CREDITORS
Amounts falling due after more than
one year

7

(1,373,286

)

(1,152,050

)

ACCRUALS AND DEFERRED INCOME - (3,060 )
NET ASSETS 158,957 94,411

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 800,000 800,000
Retained earnings (641,044 ) (705,590 )
158,957 94,411

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Worldweary Limited (Registered number: 04454599)

Balance Sheet - continued
31 October 2023


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 30 July 2024 and were signed on its behalf by:





Mr J Maddison - Director


Worldweary Limited (Registered number: 04454599)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Worldweary Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Worldweary Limited (Registered number: 04454599)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 2,674,334 307,583 4,617 2,986,534
DEPRECIATION
At 1 November 2022 - 299,068 3,724 302,792
Charge for year - 2,129 179 2,308
At 31 October 2023 - 301,197 3,903 305,100
NET BOOK VALUE
At 31 October 2023 2,674,334 6,386 714 2,681,434
At 31 October 2022 2,674,334 8,515 893 2,683,742

5. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors 68,838 33,438
Amounts owed by associates 902,500 950,000
Other debtors 178,506 178,506
1,149,844 1,161,944

Worldweary Limited (Registered number: 04454599)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS - continued
31.10.23 31.10.22
£    £   
Amounts falling due after more than one year:
Directors' loan accounts - 49,998
Tax 16,874 16,874
16,874 66,872

Aggregate amounts 1,166,718 1,228,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 5,245 47,864
Trade creditors 41,304 57,951
Amounts owed to associates 2,092,064 2,068,064
Tax 155,092 171,775
Social security and other taxes 2,178 5,095
VAT 13,517 7,610
Other creditors 492,110 739,650
2,801,510 3,098,009

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans - 1-2 years 5,245 47,864
Bank loans - 2-5 years 15,735 143,592
Bank loans more 5 yr by instal 10,659 418,496
Bank loans more 5 yrs non-inst 1,161,195 542,098
Directors' loan accounts 180,452 -
1,373,286 1,152,050

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,161,195 542,098

Repayable by instalments
Bank loans more 5 yr by instal 10,659 418,496

Worldweary Limited (Registered number: 04454599)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 800,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
Mr J Maddison
Balance outstanding at start of year 49,998 -
Amounts advanced - 49,998
Amounts repaid (230,450 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (180,452 ) 49,998