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Registered number: 02257900 WORLD ESTATES LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
WORLD ESTATES LIMITED
CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 7
WORLD ESTATES LIMITED REGISTERED NUMBER:02257900
STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,718 |  | 2,714
Investment property | 5 |  | 875,000 |  | 875,000
|  |  | 876,718 |  | 877,714
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 8,417 |  | 15,167 |
Cash at bank and in hand |  | 66,624 |  | 54,884 |
|  | 75,041 |  | 70,051 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 7 | (739,280) |  | (745,672) |
Net current liabilities |  |  | (664,239) |  | (675,621)
Total assets less current liabilities |  |  | 212,479 |  | 202,093
Provisions for liabilities |  |  |  |  |
Deferred tax | 8 |  | (430) |  | (678)
Net assets |  |  | 212,049 |  | 201,415
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 100 |  | 100
Profit and loss account | 10 |  | 211,949 |  | 201,315
|  |  | 212,049 |  | 201,415
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. Page 1
WORLD ESTATES LIMITED REGISTERED NUMBER:02257900
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 30 JUNE 2025 The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 November 2025.
D Azouri
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
WORLD ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
World Estates Limited is a private limited liability company registered in England and Wales with its registered office address at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD. The principal activity of the Company continued to be that of property investment. The Company's functional and presentational currency is £ Sterling. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements of the Company have been prepared on a going concern basis, the validity of which is dependant on the continued support from the directors of the Company. The directors are satisfied that suitable facilities will continue to be made available. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
| 2.3 | Turnover
Turnover represents rent receivable net of VAT. Rental income is recognised in the period to which it relates. Rental income received in advance is carried forward as deferred income.
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is provided on the following basis:
|  |  |  | Fixtures & fittings | - | 33% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Page 3
WORLD ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.5 | Investment property
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.
| 2.6 | Debtors
Short term debtors are measured at the transaction price, less any impairment.
| 2.7 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.
| 2.8 | Creditors
Short term creditors are measured at the transaction price.
| 2.9 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
3. | Employees
| The directors were the only employees of the Company during the current and preceding period.
Page 4
WORLD ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4. | Tangible fixed assets
|  | Fixtures & fittings
|  | £
| Cost |
| At 1 July 2024 | 7,352
| Additions | 1,418
| At 30 June 2025 | 8,770
| Depreciation |
| At 1 July 2024 | 4,638
| Charge for the year on owned assets | 2,414
| At 30 June 2025 | 7,052
| Net book value |
| At 30 June 2025 | 1,718
| At 30 June 2024 | 2,714
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 July 2024 | 875,000
| At 30 June 2025 | 875,000
The 2025 valuations were made by the directors, on an open market value for existing use basis.
| If the investment property had been accounted for under the historic cost accounting rules, the property would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 456,699 | 456,699
Page 5
WORLD ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 7,667 | 14,167
| Other debtors | 750 | 1,000
|  | 8,417 | 15,167
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 422 | 302
| Taxation and social security | 11,504 | 12,989
| Other creditors | 660,366 | 665,393
| Accruals and deferred income | 66,988 | 66,988
|  | 739,280 | 745,672
8. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 678 | 1,196
| Reversal of timing differences | (248) | (518)
| At end of year | 430 | 678
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 430 | 678
Page 6
WORLD ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
9. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1 each | 100 | 100
10. | Reserves
Profit & loss account The accumulated retained earnings all relate to fair value adjustments and are not distributable.
Page 7