Company Registration No. 13940455 (England and Wales)
WYSEWORLD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
WYSEWORLD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
WYSEWORLD LIMITED
Company Registration No. 13940455
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Cash at bank and in hand
60,300
411,989
Creditors: amounts falling due within one year
3
(50,300)
(401,989)
Net current assets
10,000
10,000
Capital and reserves
Called up share capital
4
10,000
10,000

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 25 March 2025 and are signed on its behalf by:
Mr T R Schweigert
Director
WYSEWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information

Wyseworld Limited is a private company limited by shares incorporated in England and Wales. The registered office is 128 City Road, London, EC1V 2NX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time the company acted as an agent for Lovelifepassport LLC. The company therefore received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.3
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

WYSEWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
50,300
401,989
50,300
401,989
4
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £100 each
100
100
10,000
10,000
2025-02-282024-02-29falsefalsetrue01 April 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr T R SchweigertMrs Anika SchweigertMr T R Schweigert139404552024-02-292025-02-28139404552025-02-28139404552024-02-2813940455core:CurrentFinancialInstrumentscore:WithinOneYear2025-02-2813940455core:CurrentFinancialInstrumentscore:WithinOneYear2024-02-2813940455core:CurrentFinancialInstruments2025-02-2813940455core:CurrentFinancialInstruments2024-02-2813940455core:ShareCapital2025-02-2813940455core:ShareCapital2024-02-2813940455bus:CompanySecretaryDirector12024-02-292025-02-28139404552023-03-012024-02-2813940455bus:EntityHasNeverTraded2024-02-292025-02-2813940455bus:PrivateLimitedCompanyLtd2024-02-292025-02-2813940455bus:SmallCompaniesRegimeForAccounts2024-02-292025-02-2813940455bus:FRS1022024-02-292025-02-2813940455bus:AuditExemptWithAccountantsReport2024-02-292025-02-2813940455bus:Director12024-02-292025-02-2813940455bus:Director22024-02-292025-02-2813940455bus:CompanySecretary12024-02-292025-02-2813940455bus:FullAccounts2024-02-292025-02-28xbrli:purexbrli:sharesiso4217:GBP