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31/12/2024
2024-12-31
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No description of principal activities is disclosed
2024-01-01
Sage Accounts Production 24.0 - FRS102_2024
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07186968
2024-01-01
2024-12-31
07186968
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Company registration number:
07186968
World Climate Limited
Unaudited filleted financial statements
31 December 2024
World Climate Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
World Climate Limited
Directors and other information
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Directors |
J Nielsen |
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Company number |
07186968 |
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Registered office |
1st Floor |
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6 Nelson Street |
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Southend-on-Sea |
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Essex |
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SS1 1EF |
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World Climate Limited
Statement of financial position
31 December 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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6 |
508,478 |
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638,602 |
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Investments |
|
7 |
4,894 |
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4,894 |
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|
Cash at bank and in hand |
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21,421 |
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48,280 |
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_______ |
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_______ |
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534,793 |
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691,776 |
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Creditors: amounts falling due |
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within one year |
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8 |
(
788,714) |
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|
(
802,765) |
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|
_______ |
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_______ |
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Net current liabilities |
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|
(
253,921) |
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(
110,989) |
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_______ |
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_______ |
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Total assets less current liabilities |
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|
(
253,921) |
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(
110,989) |
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_______ |
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_______ |
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Net liabilities |
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|
(
253,921) |
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(
110,989) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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|
200 |
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|
200 |
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Profit and loss account |
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|
(
254,121) |
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(
111,189) |
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_______ |
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_______ |
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Shareholders deficit |
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(
253,921) |
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(
110,989) |
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_______ |
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_______ |
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
12 August 2025
, and are signed on behalf of the board by:
J Nielsen
Director
Company registration number:
07186968
World Climate Limited
Notes to the financial statements
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, 6 Nelson Street, Southend-on-Sea, Essex, SS1 1EF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has assessed the balance sheet and likely future cash flows at the date of approving these financial statements. The shareholders have confirmed to financially support the company to cover the key costs for at least 12 months from the date of signing of these financial statements, if required, and have the funds to do so. Based on the above financial support by the shareholders, the director has a reasonable expectation that the Company will continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover represents net invoiced sales of services, excluding value added tax.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the Denmark.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2023:
16
).
6.
Debtors
|
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|
2024 |
2023 |
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|
£ |
£ |
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Trade debtors |
|
- |
537,591 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
379,980 |
68,345 |
|
Other debtors |
|
128,498 |
32,666 |
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|
_______ |
_______ |
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508,478 |
638,602 |
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|
_______ |
_______ |
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7.
Investments
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|
2024 |
2023 |
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£ |
£ |
|
Investments in group undertakings |
|
4,894 |
4,894 |
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_______ |
_______ |
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Investments represent share capital of DKK 40,000 in the company's 100% subsidiary, World Climate ApS.
8.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
|
46,152 |
56,306 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
15,319 |
417,301 |
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Social security and other taxes |
|
22,306 |
240,441 |
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Other creditors |
|
704,937 |
88,717 |
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_______ |
_______ |
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788,714 |
802,765 |
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_______ |
_______ |
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Included within other creditors was an amount of £2,052 (2023: £Nil) owed to the director by the company.
9.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2024 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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|
J Nielsen |
- |
(
2,052) |
- |
(
2,052) |
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_______ |
_______ |
_______ |
_______ |
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2023 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
J Nielsen |
(
4,119) |
- |
4,119 |
- |
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_______ |
_______ |
_______ |
_______ |
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10.
Related party transactions
During the year the company had transactions with the main shareholder and directors, which have been performed on the arms length principle.
11.
Ultimate parent company
The immediate 100% parent company of
World Climate Limited
is World Climate ApS, a company registered in Denmark.