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REGISTERED NUMBER: 15481383 (England and Wales)















Worths of Arabia Limited

Unaudited Financial Statements

for the Period 11 February 2024 to 28 February 2025






Worths of Arabia Limited (Registered number: 15481383)






Contents of the Financial Statements
for the Period 11 February 2024 to 28 February 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Worths of Arabia Limited

Company Information
for the Period 11 February 2024 to 28 February 2025







DIRECTORS: P F Wigglesworth
J W T Wigglesworth





REGISTERED OFFICE: 1 High Street
Sheerness
Kent
ME12 1NY





BUSINESS ADDRESS: Wigglesworth House
Unit A Cullet Drive
Queenborough
Kent
ME11 5JS





REGISTERED NUMBER: 15481383 (England and Wales)





ACCOUNTANTS: Foreman Waller
Chartered Accountants
1 High Street
Sheerness
Kent
ME12 1NY

Worths of Arabia Limited (Registered number: 15481383)

Statement of Financial Position
28 February 2025

Notes £    £   
FIXED ASSETS
Investment property 4 337,999

CURRENT ASSETS
Debtors 5 10,700
Cash at bank and in hand 1,301
12,001
CREDITORS
Amounts falling due within one year 6 352,446
NET CURRENT LIABILITIES (340,445 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,446 )

CAPITAL AND RESERVES
Called up share capital 7 100
Retained earnings (2,546 )
SHAREHOLDERS' FUNDS (2,446 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2025 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.

Worths of Arabia Limited (Registered number: 15481383)

Statement of Financial Position - continued
28 February 2025


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 1 September 2025 and were signed on its behalf by:





P F Wigglesworth - Director


Worths of Arabia Limited (Registered number: 15481383)

Notes to the Financial Statements
for the Period 11 February 2024 to 28 February 2025

1. STATUTORY INFORMATION

Worths of Arabia Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

Taxation
Taxation for the period 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 statement of financial position date.

Going concern
The company is dependent on the financial support of the directors, who have continued to provide support since the year end. At the year end, the company had net liabilities of £2,446. Included in other creditors is £185,610 owed to the directors and £158,348 to an associated companies. The directors have confirmed that these amounts will not be drawn or paid until there are sufficient funds to do so. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

Worths of Arabia Limited (Registered number: 15481383)

Notes to the Financial Statements - continued
for the Period 11 February 2024 to 28 February 2025

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 337,999
At 28 February 2025 337,999
NET BOOK VALUE
At 28 February 2025 337,999

Investment properties are valued at fair value by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 10,700

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 7,401
Amounts owed to associates 158,348
Other creditors 186,697
352,446

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
50 Ordinary A £1 50
50 Ordinary B £1 50
100

The following shares were allotted and fully paid for cash at par during the period:

50 Ordinary A shares of £1 each
50 Ordinary B shares of £1 each