Company registration number 11678738 (England and Wales)
WORBOYS PORTFOLIO LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
WORBOYS PORTFOLIO LTD
COMPANY INFORMATION
Directors
Mr B W Worboys
Ms A W Worboys
Secretary
Company number
11678738
Registered office
2nd Floor, Carlton House
Hemnall Street
Epping
Essex
CM16 4NQ
Accountants
Xeinadin South East Ltd
Create Business Hub
Ground Floor , 5 Rayleigh Road
Hutton
Brentwood
Essex
CM13 1AB
WORBOYS PORTFOLIO LTD
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
WORBOYS PORTFOLIO LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 1 -

The directors present their annual report and financial statements for the year ended 30 November 2024.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr B W Worboys
Ms A W Worboys
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr B W Worboys
Director
22 August 2025
WORBOYS PORTFOLIO LTD
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF WORBOYS PORTFOLIO LTD
- 2 -

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 November 2024.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a true and fair view.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

 

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

Xeinadin South East Ltd
Create Business Hub
Ground Floor , 5 Rayleigh Road
Hutton
Brentwood
Essex
CM13 1AB
22 August 2025
WORBOYS PORTFOLIO LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
2024
2023
Notes
£
£
Turnover
7,866
7,787
Administrative expenses
(5,463)
(2,271)
Operating profit
2,403
5,516
Interest payable and similar expenses
(2,855)
(2,945)
(Loss)/profit before taxation
(452)
2,571
Tax on (loss)/profit
3
-
0
(488)
(Loss)/profit for the financial year
(452)
2,083

The profit and loss account has been prepared on the basis that all operations are continuing operations.

WORBOYS PORTFOLIO LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 4 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
123,511
123,511
Current assets
Cash at bank and in hand
1,187
1,248
Creditors: amounts falling due within one year
5
(43,720)
(40,868)
Net current liabilities
(42,533)
(39,620)
Total assets less current liabilities
80,978
83,891
Creditors: amounts falling due after more than one year
6
(75,650)
(78,111)
Net assets
5,328
5,780
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
8
5,228
5,680
Total equity
5,328
5,780

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 Companies Act 2006 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.

The financial statements were approved by the board of directors and authorised for issue on 22 August 2025 and are signed on its behalf by:
Mr B W Worboys
Director
Company registration number 11678738 (England and Wales)
WORBOYS PORTFOLIO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 5 -
1
Accounting policies
Company information

Worboys Portfolio Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, Carlton House, Hemnall Street, Epping, Essex, CM16 4NQ.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
There is no depreciation charge in this year
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

WORBOYS PORTFOLIO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

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

2024
2023
Number
Number
Total
-
0
-
0
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
-
0
488
4
Tangible fixed assets
Freehold land and buildings
£
Cost
At 1 December 2023 and 30 November 2024
123,511
Depreciation and impairment
At 1 December 2023 and 30 November 2024
-
0
Carrying amount
At 30 November 2024
123,511
At 30 November 2023
123,511
WORBOYS PORTFOLIO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 7 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
40
488
Other creditors
42,900
39,900
Accruals and deferred income
780
480
43,720
40,868
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
75,650
78,111
Creditors which fall due after five years are payable as follows:
Payable by instalments
-
(78,111)
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
8
Profit and loss reserves
2024
2023
£
£
At the beginning of the year
5,680
3,597
Adjusted balance
5,680
3,597
(Loss)/profit for the year
(452)
2,083
At the end of the year
5,228
5,680
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