for the Period Ended 31 December 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2024
Principal activities of the company
Additional information
The names of the Directors to serve during the period are shown on page 1 of these accounts. The beneficial interests of Mr Paterson in the shares of the company at the beginning and end of the financial period was a holding of 1 ordinary £1 share. The Company carried out services in the first 9 months of the Company to set up a platform for the future growth of the business. The company made a loss of £383 for the 9 months ending 31 December 2024. The Directors do not propose issuing a dividend. On 31 December 2024, DM Investments AG issued a fixed rate non-convertible non-transferable bond to the Company for 10,000,000 euro (£8,269,000). The bond has a maturity date of 30 June 2030 at 3.5% p.a. fixed interest. This financing has been allocated to invest in ordinary shares of the Company enabling business to be developed. On 31 December 2024 the shares were issued and allocated, however, the funds are still to be received. The financial statements have been prepared by Teale Business Services on the basis of information, including financial data, provided by the Directors. The Directors acknowledge their responsibilities for complying with the companies act 2006 with respect to accounting records and the preparation of accounts. This report has been prepared in accordance with the provisions applicable to companies entitled to the small company’s exemption. POST BALANCE SHEET EVENTS Following the year end of December 2024 the following important post balance sheet events have taken place: (a) On 1 July 2025, the company issued 50,000 ordinary shares at £1 nominal value to DM Investments AG, a Swiss Company. Mr Paterson retained his 1 initial ordinary share and is the only other shareholder in the Company. (b) On 15 September 2025, DM Investments AG sold its 9,999 shares at nominal value in GMK Aviation services limited, SC638071 to the Company. The Company now own all the ordinary shares in GMK Aviation Service limited with the exception of 1 ordinary share which is owned by Mr Gerald Paterson a director of both Worldwide Airways and GMK Aviation services.
Directors
The director shown below has held office during the period of
1 August 2024
to
31 December 2024
The director shown below has held office during the period of
27 June 2024
to
31 December 2024
The director shown below has held office during the whole of the period from
22 April 2024
to
31 December 2024
Secretary
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 8 months to 31 December 2024 | ||
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| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Administrative expenses: |
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| Operating profit(or loss): |
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| Profit(or loss) before tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 8 months to 31 December 2024 | ||
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| Called up share capital not paid: |
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| Cash at bank and in hand: |
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| Creditors: amounts falling due within one year: | 3 |
(
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Total net assets (liabilities): |
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| Capital and reserves | |||
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| Profit and loss account: |
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| Total Shareholders' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2024
Basis of measurement and preparation
for the Period Ended 31 December 2024
| 8 months to 31 December 2024 | ||
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| Average number of employees during the period |
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for the Period Ended 31 December 2024
| 8 months to 31 December 2024 | ||
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| £ | ||
| Other creditors |
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| Total |
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