| REGISTERED NUMBER: |
| Worths of Arabia Limited |
| Unaudited Financial Statements |
| for the Period 11 February 2024 to 28 February 2025 |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| At 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| Investment properties are valued at fair value by the directors. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade creditors |
| Amounts owed to associates | 158,348 |
| Other creditors |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary A | £1 | 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 |