IRIS Accounts Production v25.3.0.601 01027368 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 01027368 2024-03-31 01027368 2025-03-31 01027368 2024-04-01 2025-03-31 01027368 2023-03-31 01027368 2023-04-01 2024-03-31 01027368 2024-03-31 01027368 ns15:EnglandWales 2024-04-01 2025-03-31 01027368 ns14:PoundSterling 2024-04-01 2025-03-31 01027368 ns10:Director1 2024-04-01 2025-03-31 01027368 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01027368 ns10:SmallEntities 2024-04-01 2025-03-31 01027368 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01027368 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 01027368 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01027368 ns10:FullAccounts 2024-04-01 2025-03-31 01027368 ns10:Director2 2024-04-01 2025-03-31 01027368 ns10:Director3 2024-04-01 2025-03-31 01027368 ns10:CompanySecretary1 2024-04-01 2025-03-31 01027368 ns10:RegisteredOffice 2024-04-01 2025-03-31 01027368 ns5:CurrentFinancialInstruments 2025-03-31 01027368 ns5:CurrentFinancialInstruments 2024-03-31 01027368 ns5:ShareCapital 2025-03-31 01027368 ns5:ShareCapital 2024-03-31 01027368 ns5:CapitalRedemptionReserve 2025-03-31 01027368 ns5:CapitalRedemptionReserve 2024-03-31 01027368 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 01027368 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 01027368 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 01027368 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 01027368 ns5:PlantMachinery 2024-04-01 2025-03-31 01027368 ns5:PlantMachinery 2024-03-31 01027368 ns5:PlantMachinery 2025-03-31 01027368 ns5:CostValuation 2024-03-31

REGISTERED NUMBER: 01027368 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WORLDWIDE ESTATES LIMITED

WORLDWIDE ESTATES LIMITED (REGISTERED NUMBER: 01027368)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

WORLDWIDE ESTATES LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | Dr C J Joyner

| Mrs J M Peck

| Mrs C J J Smith

| SECRETARY: | Dr C J Joyner

| REGISTERED OFFICE: | The Galleries

| Charters Road

| Sunningdale

| Ascot

| Berkshire

| SL5 9QJ

| REGISTERED NUMBER: | 01027368 (England and Wales)

| ACCOUNTANTS: | Davis Burton Sellek

| Chartered Accountants

| The Galleries

| Charters Road

| Sunningdale

| Berkshire

| SL5 9QJ

WORLDWIDE ESTATES LIMITED (REGISTERED NUMBER: 01027368)

BALANCE SHEET

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,255 |  | - |  |

Investments | 5 | 5,000 |  | 5,000 |  |

6,255 |  | 5,000 |  |

CURRENT ASSETS

Stocks | 6,768 |  | 6,768 |  |

Debtors | 6 | 3,980,000 |  | 410,000 |  |

Investments | 7 | 26,389,878 |  | 30,856,273 |  |

Cash at bank | 199,338 |  | 678,967 |  |

30,575,984 |  | 31,952,008 |  |

CREDITORS

Amounts falling due within one year | 8 | 2,277,255 |  | 4,074,355 |  |

NET CURRENT ASSETS | 28,298,729 |  | 27,877,653 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 28,304,984 |  | 27,882,653 |  |

PROVISIONS FOR LIABILITIES | 546,438 |  | 901,393 |  |

NET ASSETS | 27,758,546 |  | 26,981,260 |  |

CAPITAL AND RESERVES

Called up share capital | 19,200 |  | 19,200 |  |

Capital redemption reserve | 5,800 |  | 5,800 |  |

Other reserve | 2,185,754 |  | 3,605,572 |  |

Retained earnings | 25,547,792 |  | 23,350,688 |  |

27,758,546 |  | 26,981,260 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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

WORLDWIDE ESTATES LIMITED (REGISTERED NUMBER: 01027368)

BALANCE SHEET - continued

31 MARCH 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 4 November 2025 and were signed on its behalf by:

Dr C J Joyner - Director

WORLDWIDE ESTATES LIMITED (REGISTERED NUMBER: 01027368)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Worldwide Estates 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.

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.

| 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 £.

| Significant judgement and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

| Going concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue to operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Turnover and other income

| Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added taxes and other sales taxes.

| Turnover relates to rental income invoiced quarterly during the period of occupancy.

| Other income relates to investment income in the form of interest and dividends generated from the company's principal activity of holding investments and is recognised when the the company has the right to receive the income.

| Tangible fixed assets

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

| Plant and machinery etc | - | 33% on cost

| Investments

| Investment portfolios in listed equities and bonds are held as current assets on the balance sheet. Those investments that are freely tradeable are stated at market value. Those investments that are unlisted or in which the company is prohibited from trading are valued at cost less any provision for impairment. Realised gains or losses on disposal of these investments are recognised in the income statement. Unrealised gains or losses on changes in market value are also recognised via the income statement.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

WORLDWIDE ESTATES LIMITED (REGISTERED NUMBER: 01027368)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

| Classification of financial liabilities

| 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.

| Basic financial liabilities

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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 rate method.

| Equity instruments

| Equity instruments issued by the company are recorded at proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

| 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.

WORLDWIDE ESTATES LIMITED (REGISTERED NUMBER: 01027368)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 4,127 |  |

| Additions | 1,674 |  |

| At 31 March 2025 | 5,801 |  |

| DEPRECIATION

| At 1 April 2024 | 4,127 |  |

| Charge for year | 419 |  |

| At 31 March 2025 | 4,546 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,255 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 5,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 5,000 |  |

| At 31 March 2024 | 5,000 |  |

WORLDWIDE ESTATES LIMITED (REGISTERED NUMBER: 01027368)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

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

2025 | 2024 |

£ | £ |

| Amounts owed by associates | 3,980,000 |  | 410,000 |  |

7. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Listed investments | 26,389,878 |  | 30,856,273 |  |

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

2025 | 2024 |

£ | £ |

| Amounts owed to associates | 1,748,462 |  | 3,919,462 |  |

| Taxation and social security | 453,419 |  | 64,814 |  |

| Other creditors | 75,374 |  | 90,079 |  |

2,277,255 |  | 4,074,355 |  |

9. | RELATED PARTY DISCLOSURES

| At the year ended 31 March 2025 £2,231,538 (2024 : £3,509,462 due to) was due from companies connected by virtue of common directors and shareholders.