Company No: 13876919 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	6,836		5,897
Tangible assets	4	8,083		1,639
		14,919		7,536
Current assets
Debtors	5	7,710		2,486
Cash at bank and in hand		58,065		18,001
		65,775		20,487
Creditors: amounts falling due within one year	6	( 757,855)		( 348,206)
Net current liabilities		(692,080)		(327,719)
Total assets less current liabilities		(677,161)		(320,183)
Creditors: amounts falling due after more than one year	7	0		( 7,685)
Net liabilities		( 677,161)		( 327,868)
Capital and reserves
Called-up share capital	8	1		1
Profit and loss account		( 677,162 )		( 327,869 )
Total shareholder's deficit		( 677,161)		( 327,868)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Asgard.World Ltd (registered number: 13876919) were approved and authorised for issue by the Director. They were signed on its behalf by:

A Sehgal Director

01 October 2025

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Asgard.World Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 8 Greenlink Walk, Richmond, TW9 4AF, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At 31 January 2025, the company had net current liabilities amounting to £692,080 and net liabilities amounting to £677,161. The shareholder has undertaken to provide such financial support as is required to ensure that the company is able to meet its working capital requirements for the foreseeable future. At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	0		1

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 February 2024	6,865		6,865
Additions	1,692		1,692
At 31 January 2025	8,557		8,557
Accumulated amortisation
At 01 February 2024	968		968
Charge for the financial year	754		754
At 31 January 2025	1,721		1,721
Net book value
At 31 January 2025	6,836		6,836
At 31 January 2024	5,897		5,897

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 February 2024	1,885		1,885
Additions	8,944		8,944
At 31 January 2025	10,829		10,829
Accumulated depreciation
At 01 February 2024	246		246
Charge for the financial year	2,500		2,500
At 31 January 2025	2,746		2,746
Net book value
At 31 January 2025	8,083		8,083
At 31 January 2024	1,639		1,639

5. Debtors

	2025		2024
	£		£
Other debtors	7,710		2,486

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	46,307		2,453
Amounts owed to related parties	381,908		0
Other taxation and social security	0		1,000
Other creditors	329,640		344,753
	757,855		348,206

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Amounts owed to related parties	0		7,685

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

9. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
The loan owing to the director and shareholder of the company is interest free and repayable on demand.	313,515		339,999