Company No: 10714834 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	89,206		4,032
Investment property	4	1,350,000		1,350,000
Investments	5	3,972		3,806
		1,443,178		1,357,838
Current assets
Debtors	6	687		769
Cash at bank and in hand		507		883
		1,194		1,652
Creditors: amounts falling due within one year	7	( 971,726)		( 950,014)
Net current liabilities		(970,532)		(948,362)
Total assets less current liabilities		472,646		409,476
Provision for liabilities		( 49,500)		( 46,500)
Net assets		423,146		362,976
Capital and reserves
Called-up share capital	8	1,000		1,000
Profit and loss account		422,146		361,976
Total shareholders' funds		423,146		362,976

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; 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 No Worries (Property) Limited (registered number: 10714834) were approved and authorised for issue by the Board of Directors on 03 October 2025. They were signed on its behalf by:

Mr C J Barlow Director

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

No Worries (Property) Limited (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 and principal place of business is 31 Mizen Way, Cobham, KT11 2RG, England, United Kingdom.

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 items at fair value, 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. There are no material departures from FRS102.

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

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover shown in the profit and loss account represents rent receivable in the year. Revenue is recognised evenly over the rental period.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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 basis over its expected useful life, as follows:

Vehicles	15 % reducing balance
Fixtures and fittings	6 - 7 years straight line
Office equipment	4 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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Investment properties were revalued to fair value at 31 March 2025, based on a valuation undertaken by the directors. The basis of this valuation was open market value. There has been no valuation of investment property by an independent valuer.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 April 2024	0		21,205		519		21,724
Additions	90,003		0		0		90,003
At 31 March 2025	90,003		21,205		519		111,727
Accumulated depreciation
At 01 April 2024	0		17,302		390		17,692
Charge for the financial year	3,375		1,325		129		4,829
At 31 March 2025	3,375		18,627		519		22,521
Net book value
At 31 March 2025	86,628		2,578		0		89,206
At 31 March 2024	0		3,903		129		4,032

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	1,350,000
As at 31 March 2025	1,350,000

5. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	3,806		3,806
Movement in fair value	166		166
At 31 March 2025	3,972		3,972
Carrying value at 31 March 2025	3,972		3,972
Carrying value at 31 March 2024	3,806		3,806

6. Debtors

	2025		2024
	£		£
Prepayments and accrued income	687		769

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to directors	955,589		929,304
Accruals and deferred income	2,568		4,794
Taxation and social security	13,569		15,916
	971,726		950,014

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 A Ordinary shares of £ 0.20 each	200		200
2,000 B Ordinary shares of £ 0.20 each	400		400
1,000 C Ordinary shares of £ 0.20 each	200		200
1,000 D Ordinary shares of £ 0.20 each	200		200
	1,000		1,000

Each A Ordinary share has the right to one vote per share. the holders of A Ordinary shares are not entitled to participate in dividend distributions. On a return of assets on liquidation, capital reduction or otherwise, after payment of the company's liabilities, the holders of A Ordinary shares shall be entitled to receive, in respect of each share held, the amount paid up on that share. Following this, an aggregate amount of £200,000, less any amount paid on the return of share capital, will be paid to the holders of A Ordinary Shares, B Ordinary Shares, C Ordinary Shares and D Ordinary Shares, pro rata to the number of Shares held if they all constituted shares of the same class. The A Ordinary shares are non-redeemable.

B Ordinary shares shall entitle the holders to receive notice of all general meetings but not to attend or vote at any general meeting. Holders of B Ordinary shares shall not be entitled to participate in dividend distributions. On the return of assets on liquidation, capital reduction or otherwise (other than conversion or purchase of shares) the assets of the company remaining after the payment of its liabilities including those to the holders A Ordinary, C Ordinary and D Ordinary shares (as defined in the articles of association dated 4th October 2021) shall be distributed pro rata to the holders of B Ordinary shares. The B Ordinary shares are non-redeemable.

Holders of C Ordinary shares shall be entitled to receive notice of all general meetings but not to attend or vote at any general meeting. Each share has the right to dividends as recommended by the board of directors which may be declared at different rates on C Ordinary shares and D Ordinary shares. On a return of assets on liquidation, capital reduction or otherwise, after payment of the company's liabilities, holders of C Ordinary shares shall be entitled to receive, in respect of each share held, the amount paid up on that share. Following this, an aggregate amount of £200,000, less any amount paid on the return of share capital, will be paid to the holders of A Ordinary Shares, B Ordinary Shares, C Ordinary Shares and D Ordinary Shares, pro rata to the number of Shares held if they all constituted shares of the same class. The C Ordinary shares are non-redeemable.

Holders of D Ordinary shares shall be entitled to receive notice of all general meetings but not to attend or vote at any general meeting. Each share has the right to dividends as recommended by the board of directors which may be declared at different rates on C Ordinary shares and D Ordinary shares. On a return of assets on liquidation, capital reduction or otherwise, after payment of the company's liabilities, holders of D Ordinary shares shall be entitled to receive, in respect of each share held, the amount paid up on that share. Following this, an aggregate amount of £200,000, less any amount paid on the return of share capital, will be paid to the holders of A Ordinary Shares, B Ordinary Shares, C Ordinary Shares and D Ordinary Shares, pro rata to the number of Shares held if they all constituted shares of the same class. The D Ordinary shares are non-redeemable.

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed to company directors	955,589		929,303

During the current and prior year, a loan account existed between the company and the director. The loan is repayable on demand and no interest is charged.