IRIS Accounts Production v25.4.0.155 03918557 Board of Directors 29.2.24 28.2.25 28.2.25 false true false false true false Ordinary share capital 0.0100 Preference share capital 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03918557 2024-02-28 03918557 2025-02-28 03918557 2024-02-29 2025-02-28 03918557 2023-02-28 03918557 2023-03-01 2024-02-28 03918557 2024-02-28 03918557 ns15:EnglandWales 2024-02-29 2025-02-28 03918557 ns14:PoundSterling 2024-02-29 2025-02-28 03918557 ns10:Director1 2024-02-29 2025-02-28 03918557 ns10:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 03918557 ns10:SmallEntities 2024-02-29 2025-02-28 03918557 ns10:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 03918557 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-29 2025-02-28 03918557 ns10:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 03918557 ns10:FullAccounts 2024-02-29 2025-02-28 03918557 ns10:OrdinaryShareClass1 2024-02-29 2025-02-28 03918557 ns10:OrdinaryShareClass2 2024-02-29 2025-02-28 03918557 ns10:Director2 2024-02-29 2025-02-28 03918557 ns10:CompanySecretary1 2024-02-29 2025-02-28 03918557 ns10:RegisteredOffice 2024-02-29 2025-02-28 03918557 ns5:CurrentFinancialInstruments 2025-02-28 03918557 ns5:CurrentFinancialInstruments 2024-02-28 03918557 ns5:ShareCapital 2025-02-28 03918557 ns5:ShareCapital 2024-02-28 03918557 ns5:SharePremium 2025-02-28 03918557 ns5:SharePremium 2024-02-28 03918557 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 03918557 ns5:RetainedEarningsAccumulatedLosses 2024-02-28 03918557 ns5:PlantMachinery 2024-02-28 03918557 ns5:PlantMachinery 2024-02-29 2025-02-28 03918557 ns5:PlantMachinery 2025-02-28 03918557 ns5:PlantMachinery 2024-02-28 03918557 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 03918557 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-28 03918557 ns10:OrdinaryShareClass1 2025-02-28 03918557 ns10:OrdinaryShareClass2 2025-02-28

REGISTERED NUMBER: 03918557 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

WORLDSITE LIMITED

WORLDSITE LIMITED (REGISTERED NUMBER: 03918557)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

WORLDSITE LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | C Upton

| R Billins

| SECRETARY: | R Billins

| REGISTERED OFFICE: | Honey House

| Vicarage Lane

| Long Compton

| Shipston-On-Stour

| CV36 5LH

| REGISTERED NUMBER: | 03918557 (England and Wales)

| ACCOUNTANTS: | MGR Weston Kay LLP

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

WORLDSITE LIMITED (REGISTERED NUMBER: 03918557)

BALANCE SHEET

28 FEBRUARY 2025

| 28.2.25 |  | 28.2.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 160 |  | 429 |  |

CURRENT ASSETS

Debtors | 5 | 34,278 |  | 40,448 |  |

Cash at bank | 36,989 |  | 45,109 |  |

71,267 |  | 85,557 |  |

CREDITORS

Amounts falling due within one year | 6 | (15,534 | ) | (25,111 | ) |

NET CURRENT ASSETS | 55,733 |  | 60,446 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 55,893 |  | 60,875 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 5,200 |  | 5,200 |  |

Share premium | 9,800 |  | 9,800 |  |

Retained earnings | 40,893 |  | 45,875 |  |

SHAREHOLDERS' FUNDS | 55,893 |  | 60,875 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 17 November 2025 and were signed on its behalf by:

R Billins - Director

WORLDSITE LIMITED (REGISTERED NUMBER: 03918557)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | COMPANY INFORMATION

| Worldsite 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

| Accounting convention

| 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

| Turnover

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

| 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 20% Straight line basis

| 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.

WORLDSITE LIMITED (REGISTERED NUMBER: 03918557)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| Taxation

| The tax expense represents the sum of the tax currently payable and deferred tax.

| Current tax

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date..

| Deferred tax

| Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

| 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 re 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.

WORLDSITE LIMITED (REGISTERED NUMBER: 03918557)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| 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.

| 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

| Equity instruments

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

£ |

| COST

| At 29 February 2024

| and 28 February 2025 | 1,351 |  |

| DEPRECIATION

| At 29 February 2024 | 922 |  |

| Charge for year | 269 |  |

| At 28 February 2025 | 1,191 |  |

| NET BOOK VALUE

| At 28 February 2025 | 160 |  |

| At 28 February 2024 | 429 |  |

WORLDSITE LIMITED (REGISTERED NUMBER: 03918557)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

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

| 28.2.25 |  | 28.2.24

£ | £ |

| Trade debtors | 9,900 |  | 19,350 |  |

| Other debtors | 24,378 |  | 21,098 |  |

34,278 |  | 40,448 |  |

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

| 28.2.25 |  | 28.2.24

£ | £ |

| Trade creditors | 2,811 |  | 4,170 |  |

| Taxation and social security | 10,373 |  | 15,216 |  |

| Other creditors | 2,350 |  | 5,725 |  |

15,534 |  | 25,111 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 28.2.25 |  | 28.2.24

| value: | £ | £ |

| 200,000 | Ordinary share capital | £0.00 | 1 | 200 |  | 200 |  |

| 5,000 | Preference share capital | £1 | 5,000 |  | 5,000 |  |

5,200 |  | 5,200 |  |