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REGISTERED NUMBER: 09232112 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

PWorld.UK Ltd

PWorld.UK Ltd (Registered number: 09232112)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PWorld.UK Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S J Pluczenik
C Pluczenik
Hallswelle Secretaries Ltd





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 09232112 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

PWorld.UK Ltd (Registered number: 09232112)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes $ $ $ $
FIXED ASSETS
Tangible assets 4 668 452
Investment property 5 1,931,350 1,931,350
1,932,018 1,931,802

CURRENT ASSETS
Debtors 6 11,769,704 11,642,112
Investments 7 269,231 268,546
Cash at bank 15,196,419 14,832,838
27,235,354 26,743,496
CREDITORS
Amounts falling due within one year 8 17,114 15,364
NET CURRENT ASSETS 27,218,240 26,728,132
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,150,258

28,659,934

CAPITAL AND RESERVES
Called up share capital 9 32,312,618 32,312,618
Retained earnings (3,162,360 ) (3,652,684 )
SHAREHOLDERS' FUNDS 29,150,258 28,659,934

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

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

PWorld.UK Ltd (Registered number: 09232112)

Balance Sheet - continued
31 December 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 24 July 2024 and were signed on its behalf by:





S J Pluczenik - Director


PWorld.UK Ltd (Registered number: 09232112)

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


1. STATUTORY INFORMATION

PWorld.UK Ltd 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.
Plant and machinery etc - 33% 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.

3. EMPLOYEES AND DIRECTORS

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

PWorld.UK Ltd (Registered number: 09232112)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
$
COST
At 1 January 2023 1,357
Additions 1,001
At 31 December 2023 2,358
DEPRECIATION
At 1 January 2023 905
Charge for year 785
At 31 December 2023 1,690
NET BOOK VALUE
At 31 December 2023 668
At 31 December 2022 452

5. INVESTMENT PROPERTY
Total
$
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,931,350
NET BOOK VALUE
At 31 December 2023 1,931,350
At 31 December 2022 1,931,350

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$ $
Amounts owed by group undertakings 11,312,304 11,539,179
Other debtors 457,400 102,933
11,769,704 11,642,112

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
$ $
Other 269,231 268,546

PWorld.UK Ltd (Registered number: 09232112)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$ $
Other creditors 17,114 15,364

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: $ $
281,845 Ordinary €100 32,312,617 32,312,617
1 Ordinary £1 1 1
32,312,618 32,312,618