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REGISTERED NUMBER: 02592280 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

WORLD'S END MOTORCYCLES LIMITED

WORLD'S END MOTORCYCLES LIMITED (REGISTERED NUMBER: 02592280) |

Contents of the Financial Statements

for the year ended 30 April 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| WORLD'S END MOTORCYCLES LIMITED |

Company Information

for the year ended 30 April 2025

| DIRECTORS: | P N W England

| C L England

| R T'sjoen

| J Polak

| SECRETARY: | P N W England

| REGISTERED OFFICE: | Unit 9

| Grange Road Industrial Estate

| Albion Street

| Southwick

| West Sussex

| BN42 4EN

| REGISTERED NUMBER: | 02592280 (England and Wales)

| ACCOUNTANTS: | Plus Accounting

| Chartered Accountants

| Preston Park House

| South Road

| Brighton

| East Sussex

| BN1 6SB

WORLD'S END MOTORCYCLES LIMITED (REGISTERED NUMBER: 02592280) |

Balance Sheet

30 April 2025

2025 | 2024 |

| Notes | £ | £

FIXED ASSETS

Tangible assets | 4 | 17,664 |  | 20,342 |  |

Investments | 5 | 77,254 |  | 77,254 |  |

94,918 |  | 97,596 |  |

CURRENT ASSETS

Stocks | 498,393 |  | 630,750 |  |

Debtors | 6 | 187,373 |  | 302,742 |  |

Cash at bank and in hand | 836,358 |  | 947,783 |  |

1,522,124 |  | 1,881,275 |  |

CREDITORS

Amounts falling due within one year | 7 | (475,144 | ) | (829,351 | ) |

NET CURRENT ASSETS | 1,046,980 |  | 1,051,924 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,141,898 |  | 1,149,520 |  |

PROVISIONS FOR LIABILITIES | 9 | - |  | (5,086 | ) |

NET ASSETS | 1,141,898 |  | 1,144,434 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 900 |  | 900 |  |

Capital redemption reserve | 100 |  | 100 |  |

Retained earnings | 1,140,898 |  | 1,143,434 |  |

SHAREHOLDERS' FUNDS | 1,141,898 |  | 1,144,434 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

WORLD'S END MOTORCYCLES LIMITED (REGISTERED NUMBER: 02592280) |

Balance Sheet - continued

30 April 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 14 October 2025 and were signed on its behalf by:

P N W England - Director

WORLD'S END MOTORCYCLES LIMITED (REGISTERED NUMBER: 02592280) |

Notes to the Financial Statements

for the year ended 30 April 2025

1. | STATUTORY INFORMATION

| World's End Motorcycles 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.

| Preparation of consolidated financial statements

| The financial statements contain information about World's End Motorcycles Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods, more specifically of motor vehicles, motor vehicle parts and accessories.

| Turnover from the sale of said goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

| Sales are made in the UK and overseas and so any foreign currency transactions are converted into GBP at the relevant spot rate. Sales made overseas are subject to different tax rates and so suitable adjustments are made for this.

| Tangible fixed assets

| Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer equipment |  | - 3 years on cost |  |

| Motor vehicles |  | - 25% reducing balance |  |

| Fixtures and fittings |  | - 25% reducing balance |  |

| Plant and machinery |  | - 25% reducing balance |  |

WORLD'S END MOTORCYCLES LIMITED (REGISTERED NUMBER: 02592280) |

Notes to the Financial Statements - continued

for the year ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Investments in subsidiaries

| Investments in subsidiaries, associated and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case, they are measured at cost less any accumulated impairment losses. Changes in fair value are iincluded in the Statement of Income.

| Stocks

| Stocks, which consist of motorcycles, motorcycle parts and accessories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

| At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.

| Financial instruments

| The company only enters into basic financial instrument 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 related parties and investments in ordinary shares.

| Taxation

| Taxation for the year 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Payments made under operating leases are charged to the profit or loss on a straight line basis over the lease term.

WORLD'S END MOTORCYCLES LIMITED (REGISTERED NUMBER: 02592280) |

Notes to the Financial Statements - continued

for the year ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid, the company has no further obligation.

| Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

| Impairment policy

| At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 35 (2024 - 38 ) .

4. | TANGIBLE FIXED ASSETS

Fixtures |  |

Plant and | and | Motor | Computer |  |

machinery | fittings | vehicles | equipment | Totals |

| £ | £ | £ | £ | £

| COST

| At 1 May 2024 | 101,731 |  | 73,386 |  | 17,201 |  | 2,823 |  | 195,141 |  |

| Additions | - |  | - |  | - |  | 3,672 |  | 3,672 |  |

| At 30 April 2025 | 101,731 |  | 73,386 |  | 17,201 |  | 6,495 |  | 198,813 |  |

| DEPRECIATION

| At 1 May 2024 | 98,297 |  | 67,668 |  | 7,526 |  | 1,308 |  | 174,799 |  |

| Charge for year | 859 |  | 1,430 |  | 2,419 |  | 1,642 |  | 6,350 |  |

| At 30 April 2025 | 99,156 |  | 69,098 |  | 9,945 |  | 2,950 |  | 181,149 |  |

| NET BOOK VALUE

| At 30 April 2025 | 2,575 |  | 4,288 |  | 7,256 |  | 3,545 |  | 17,664 |  |

| At 30 April 2024 | 3,434 |  | 5,718 |  | 9,675 |  | 1,515 |  | 20,342 |  |

WORLD'S END MOTORCYCLES LIMITED (REGISTERED NUMBER: 02592280) |

Notes to the Financial Statements - continued

for the year ended 30 April 2025

5. | FIXED ASSET INVESTMENTS

Shares in |

group |

undertakings |

| £

| COST

| At 1 May 2024

| and 30 April 2025 | 77,254 |  |

| NET BOOK VALUE

| At 30 April 2025 | 77,254 |  |

| At 30 April 2024 | 77,254 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade debtors | 148,717 |  | 231,529 |  |

| Amounts owed by group undertakings | 19,500 |  | 19,500 |  |

| Other debtors | 19,156 |  | 51,713 |  |

187,373 |  | 302,742 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| £ | £

| Trade creditors | 307,973 |  | 327,941 |  |

| Amounts owed to group undertakings | - |  | 400,000 |  |

| Taxation and social security | 121,581 |  | 69,741 |  |

| Other creditors | 45,590 |  | 31,669 |  |

475,144 |  | 829,351 |  |

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

| £ | £

| Within one year | 85,224 |  | 104,484 |  |

| Between one and five years | 39,976 |  | 125,200 |  |

125,200 |  | 229,684 |  |

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

| £ | £

| Deferred tax | - |  | 5,086 |  |

WORLD'S END MOTORCYCLES LIMITED (REGISTERED NUMBER: 02592280) |

Notes to the Financial Statements - continued

for the year ended 30 April 2025

9. | PROVISIONS FOR LIABILITIES - continued

Deferred tax |

| £

| Balance at 1 May 2024 | 5,086 |  |

| Credit to Income Statement during year | (5,086 | ) |

| Accelerated capital allowances |

| Balance at 30 April 2025 | - |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

value: |  | £ | £

| 900 | ORDINARY | 1 | 900 |  | 900 |  |

11. | RELATED PARTY DISCLOSURES

| At the reporting date an amount of £19,500 (2024: £19,500) was owed to the company by Wemotothai Co. Ltd, an associated company under common control, in respect of a loan. This is included within debtors and is unsecured, interest free and repayable upon demand.

| At the reporting date, an amount of £Nil (2024: £400,000) was owed to World's End Holding Limited, the parent company, in respect of a dividends payable.The amount due is interest free and repayable on demand.

| Dividends of £Nil (2024: £19,771) were received from Wemoto France Sarl, an associated company during the year.

| Dividends of £Nil (2024: £4,697) were received from WEI Motor Ltd, an associated company during the year, incorporated in Taiwan.

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is P N W England.

| The immediate and ultimate parent undertaking is World's End Holdings Limited, a company registered in England, company number 02262057.