REGISTERED NUMBER: 08004146 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

One Young World UK Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Katherine Eleanor Hannah Maria Robertson

David Jones

REGISTERED OFFICE:

14 Irving Street

London

England

WC2H 7AF

REGISTERED NUMBER:

08004146 (England and Wales)

ACCOUNTANTS:

Ramon Lee Ltd

93 Tabernacle Street

London

EC2A 4BA

Fixed assets

Tangible assets

4

5,497

10,990

Current assets

Debtors

5

2,592,804

1,857,016

Cash at bank

488,838

836,581

3,081,642

2,693,597

Creditors

Amounts falling due within one year

6

(4,629,724

)

(3,544,031

)

Net current liabilities

(1,548,082

)

(850,434

)

Total assets less current liabilities

(1,542,585

)

(839,444

)

Creditors

Amounts falling due after more than one year

7

(50,000

)

-

Net liabilities

(1,592,585

)

(839,444

)

Capital and reserves

Called up share capital

1

1

Retained earnings

(1,592,586

)

(839,445

)

Shareholders' funds

(1,592,585

)

(839,444

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by:

Katherine Eleanor Hannah Maria Robertson - Director

1.	STATUTORY INFORMATION

One Young World UK Trading 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 FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling , which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

GOING CONCERN

The company have taken steps to reduce the negative reserve position for the forthcoming periods as follows:-

o Host city paying for opening ceremony and delegate dinners

o Summit costs reduced due to engagement with local partners

Based on the information above the Directors have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future and will return to profitability in future periods.

Therefore, the company have adopted the going concern basis in preparing these accounts.

TURNOVER

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered .

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment Straight line over 3 and 5 years

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 FIXED ASSETS

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the 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 individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss , unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss , unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

FOREIGN EXCHANGE

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

EMPLOYEE BENEFITS

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets .

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

RETIREMENT BENEFITS

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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 current liabilities.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

160,018

-

160,018

Additions

-

3,206

3,206

At 31 December 2024

160,018

3,206

163,224

DEPRECIATION

At 1 January 2024

149,028

-

149,028

Charge for year

7,653

1,046

8,699

At 31 December 2024

156,681

1,046

157,727

NET BOOK VALUE

At 31 December 2024

3,337

2,160

5,497

At 31 December 2023

10,990

-

10,990

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

627,433

438,171

Other debtors

116,789

116,789

Deferred Cost

719,361

535,455

Directors' current accounts

15,784

-

VAT

-

80,577

Prepayments and accrued income

1,113,437

686,024

2,592,804

1,857,016

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,152,761

1,289,091

Social security and other tax

121,079

70,417

Pension Liability

7,769

7,790

VAT

99,383

-

Other creditors

5,601

51,848

Deferred income

1,317,882

1,545,248

Xue Qin

231,624

-

Iwoca Hydrogen Ltd (Loan)

135,653

-

Directors' current accounts

92,713

116,480

Accruals and deferred income

465,259

463,157

4,629,724

3,544,031

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Iwoca Hydrogen Ltd (Loan)

50,000

-

8.	PENSION COMMITMENTS

31.12.2024

31.12.2023

Defined contribution schemes

£

£

Charge to profit or loss in respect of defined contribution schemes

38,082

35,440

The company operates an occupational defined contribution pension scheme under The Peoples Pensions for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Katherine Eleanor Hannah Maria Robertson

Balance outstanding at start of year

23,766

23,766

Amounts advanced

23,500

-

Amounts repaid

(63,050

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(15,784

)

23,766

The outstanding balance was repaid by the director within nine months of the year end December 2024

10.	RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemptions not to disclose any transactions with its parent undertaking conferred by FRS 102.33.1A on the grounds that the company is a wholly subsidiary of the parent undertaking. The company's results have also been included in the consolidated results of the parent company.

At the balance sheet date the company owed the directors £76,929 (2023 - £116,480). This is an interest free loan and repayable on demand.

During the year, One Young World UK Trading Limited made sales of £119,087 to The Brandtech Group Limited for delegates to the Montreal 2024 Extra night and Miscellaneous Income. One Director is CEO of The Brandtech Group.

11.	PARENT COMPANY

The company's ultimate parent undertaking and controlling party is One Young World Limited, a registered charity (number 1147298) and company limited by guarantee (number 06970067).

Copies of the consolidated financial statements are available from the Charity Commission. The company donates available profits to its parent undertaking as a gift.