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Registered number: 14763671









WORLDIA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
WORLDIA LIMITED
REGISTERED NUMBER: 14763671

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
88,867
-

Cash at bank and in hand
 5 
13,702
772

  
102,569
772

Creditors: amounts falling due within one year
 6 
(72,265)
-

Net current assets
  
 
 
30,304
 
 
772

Total assets less current liabilities
  
30,304
772

  

Net assets
  
30,304
772


Capital and reserves
  

Called up share capital 
  
30,000
1,000

Profit and loss account
  
304
(228)

  
30,304
772


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 February 2025.




Gregoire Pasquet
Director

The notes on pages 5 to 7 form part of these financial statements.
Page 1

 
WORLDIA LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 October 2023
1,000
(228)
772


Comprehensive income for the year

Profit for the year
-
532
532
Total comprehensive income for the year
-
532
532


Contributions by and distributions to owners

Shares issued during the year
29,000
-
29,000


Total transactions with owners
29,000
-
29,000


At 30 September 2024
30,000
304
30,304


The notes on pages 5 to 7 form part of these financial statements.
Page 2

 
WORLDIA LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the year

Loss for the year
-
(228)
(228)
Total comprehensive income for the year
-
(228)
(228)


Contributions by and distributions to owners

Shares issued during the year
1,000
-
1,000


Total transactions with owners
1,000
-
1,000


At 30 September 2023
1,000
(228)
772


The notes on pages 5 to 7 form part of these financial statements.
Page 3

 
WORLDIA LIMITED
 

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024
2023
£
£

Cash flows from operating activities

Profit/(loss) for the financial year
532
(228)

Adjustments for:

Taxation charge
125
-

(Increase)/decrease in debtors
(88,867)
-

Increase in creditors
72,140
-

Net cash generated from operating activities

(16,070)
(228)



Cash flows from financing activities

Issue of ordinary shares
29,000
1,000

Net cash used in financing activities
29,000
1,000

Net increase in cash and cash equivalents
12,930
772

Cash and cash equivalents at beginning of year
772
-

Cash and cash equivalents at the end of year
13,702
772


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
13,702
772

13,702
772


The notes on pages 5 to 7 form part of these financial statements.

Page 4

 
WORLDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Worldia Limited is a private company limited by shares and incorporated in England. Its registered office is 2nd Floor, Nucleus House, 2 Lower Mortlake Road, Richmond TW9 2JA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover is recognised on a departure date basis.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

Page 5

 
WORLDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees other than the director, who did not receive any remuneration (2023 - £NIL).


4.


Debtors

2024
2023
£
£


Trade debtors
70,400
-

Other debtors
1,996
-

Prepayments and accrued income
16,471
-

88,867
-



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
13,702
772

13,702
772



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
125
-

Accruals and deferred income
72,140
-

72,265
-


Included in accruals and deferred income is the sum of £21,732 (2023 - £Nil) of customer monies received in advance for departures post 30 September 2024.

Page 6

 
WORLDIA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



30,000 (2023 - 1,000) Ordinary shares of £1.00 each
30,000
1,000


During the year the Company issued 29,000 Ordinary £1 shares at par.


8.


Reserves

Profit and loss account

The profit and loss account represents the net distributable reserves of the Company at the date of the statement of financial position.


9.


Contingent liabilities

As at 30 September 2024, there were contingent liabilities outstanding in respect of counter indemnities and gurantees given by the Company, in the normal course of business, to the Company's bond obligors in respect of ATOL and ABTOT travel bonds amounting to £263,000 (2023 - £Nil).


10.


Related party transactions

The holding company Worldia Group SAS provided travel arrangement services amounting to £43,458 (2023: Nil)  during the year. Amount due to the related party - £43,458 (2023: Nil) is included in creditors due within one year.


11.


Ultimate holding company and controlling party

The Company's immediate and ultimate holding company is Worldia Group SAS whose registered address is 86 Rue Voltaire Montreuil France 93100. In the opinion of the director there is no one controlling party.
 
Page 7