30 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-30 Sage Accounts Production Advanced 2023 - FRS102_2023 11,682,472 12,701,130 19,375,952 5,007,650 5,007,650 58,452 58,452 58,452 xbrli:pure xbrli:shares iso4217:GBP 13191263 2023-07-30 2024-07-27 13191263 2024-07-27 13191263 2023-07-29 13191263 2022-07-30 2023-07-29 13191263 2023-07-29 13191263 2022-07-29 13191263 bus:Director2 2023-07-30 2024-07-27 13191263 core:PlantMachinery 2023-07-29 13191263 core:PlantMachinery 2024-07-27 13191263 core:PlantMachinery 2023-07-30 2024-07-27 13191263 core:WithinOneYear 2024-07-27 13191263 core:WithinOneYear 2023-07-29 13191263 core:UKTax 2023-07-30 2024-07-27 13191263 core:UKTax 2022-07-30 2023-07-29 13191263 core:ShareCapital 2024-07-27 13191263 core:ShareCapital 2023-07-29 13191263 core:RevaluationReserve 2024-07-27 13191263 core:RetainedEarningsAccumulatedLosses 2024-07-27 13191263 core:RetainedEarningsAccumulatedLosses 2023-07-29 13191263 core:CostValuation core:Non-currentFinancialInstruments 2024-07-27 13191263 core:Non-currentFinancialInstruments 2024-07-27 13191263 core:Non-currentFinancialInstruments 2023-07-29 13191263 core:PlantMachinery 2023-07-29 13191263 bus:SmallEntities 2023-07-30 2024-07-27 13191263 bus:AuditExemptWithAccountantsReport 2023-07-30 2024-07-27 13191263 bus:SmallCompaniesRegimeForAccounts 2023-07-30 2024-07-27 13191263 bus:PrivateLimitedCompanyLtd 2023-07-30 2024-07-27 13191263 bus:FullAccounts 2023-07-30 2024-07-27 13191263 core:OfficeEquipment 2023-07-30 2024-07-27 13191263 core:IntangibleAssetsOtherThanGoodwill 2023-07-30 2024-07-27 13191263 core:IntangibleAssetsOtherThanGoodwill 2024-07-27 13191263 core:OfficeEquipment 2023-07-29 13191263 core:OfficeEquipment 2024-07-27
COMPANY REGISTRATION NUMBER: 13191263

WORLD MOBILE GROUP LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

27 July 2024

WORLD MOBILE GROUP LTD

STATEMENT OF FINANCIAL POSITION

27 July 2024

| 27 Jul 24 | 29 Jul 23
Note | £ | £ | £

FIXED ASSETS

Intangible assets | 6 |  | 5,007,650 | –
Tangible assets | 7 |  | 43,756 | 56,475
Investments | 8 |  | 58,452 | 58,452
|  | ------------ | ---------
|  | 5,109,858 | 114,927

CURRENT ASSETS

Debtors | 9 | 31,365,768 |  | 4,752,391
Investments | 10 | – |  | 18,464,614
Cash at bank and in hand | 46,741 |  | 127,017
| ------------- |  | -------------
| 31,412,509 |  | 23,344,022

CREDITORS: amounts falling due within one year | 11 | ( 25,853,976) |  | ( 19,586,161)
| ------------- |  | -------------
NET CURRENT ASSETS |  | 5,558,533 | 3,757,861
|  | ------------- | ------------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 10,668,391 | 3,872,788
|  | ------------- | ------------
NET ASSETS |  | 10,668,391 | 3,872,788
|  | ------------- | ------------

CAPITAL AND RESERVES

Called up share capital |  | 100 | 100
Revaluation reserve |  | 10,055,443 | –
Profit and loss account |  | 612,848 | 3,872,688
|  | ------------- | ------------
SHAREHOLDERS FUNDS |  | 10,668,391 | 3,872,788
|  | ------------- | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 27 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

WORLD MOBILE GROUP LTD

STATEMENT OF FINANCIAL POSITION (continued)

27 July 2024
These financial statements were approved by the board of directors and authorised for issue on 18 November 2025 , and are signed on behalf of the board by:

C Barnett
Director

Company registration number: 13191263

WORLD MOBILE GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 30 JULY 2023 TO 27 JULY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Holywell Row, London, EC2A 4JB, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis . The financial statements are prepared in sterling, which is the functional currency of the entity.
Changes in accounting policies
The directors have opted to re-classify Digital Assets held from Other Investments to Intangible Assets in line with FRS102 Section 18. This change in accounting policy has been recognised from 1 August 2023. Following this reclassification, revaluation losses amounting to £2,645,687 have been reallocated from Retained Earnings to Non-Distributable reserves.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | Variable, depending on type of asset
| Equipment | - | 25% straight line

Investments
Current asset investments are valued at market value.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Financial instruments
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 entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 30 (2023: 31 ).
5. TAX ON LOSS
Major components of tax income

| Period from |
| 30 Jul 23 to | Year to
| 27 Jul 24 | 29 Jul 23
| £ | £

Current tax:

UK current tax income | ( 1,134,999) | –
Adjustments in respect of prior periods | ( 396,578) | ( 4,064,802)
| ------------ | ------------
Total current tax | ( 1,531,577) | ( 4,064,802)
| ------------ | ------------
| ------------ | ------------
Tax on loss | ( 1,531,577) | ( 4,064,802)
| ------------ | ------------

6. INTANGIBLE ASSETS

| Digital assets
| £
Cost |
Additions | 11,682,472
Revaluations | 12,701,130
Other movements | ( 19,375,952)
| -------------
At 27 July 2024 | 5,007,650
| -------------
Amortisation |
At 30 July 2023 and 27 July 2024 | –
| -------------
Carrying amount |
At 27 July 2024 | 5,007,650
| -------------
At 29 July 2023 | –
| -------------

7. TANGIBLE ASSETS

| Plant and machinery | Equipment | Total
| £ | £ | £
Cost |  |  |
At 30 July 2023 | 11,750 | 78,610 | 90,360
Additions | – | 11,354 | 11,354
| -------- | -------- | ---------
At 27 July 2024 | 11,750 | 89,964 | 101,714
| -------- | -------- | ---------
Depreciation |  |  |
At 30 July 2023 | 3,170 | 30,715 | 33,885
Charge for the period | 1,582 | 22,491 | 24,073
| -------- | -------- | ---------
At 27 July 2024 | 4,752 | 53,206 | 57,958
| -------- | -------- | ---------
Carrying amount |  |  |
At 27 July 2024 | 6,998 | 36,758 | 43,756
| -------- | -------- | ---------
At 29 July 2023 | 8,580 | 47,895 | 56,475
| -------- | -------- | ---------

8. INVESTMENTS

| Other investments other than loans
| £
Cost |
At 30 July 2023 and 27 July 2024 | 58,452
| --------
Impairment |
At 30 July 2023 and 27 July 2024 | –
| --------

Carrying amount |
At 27 July 2024 | 58,452
| --------
At 29 July 2023 | 58,452
| --------

9. DEBTORS

| 27 Jul 24 | 29 Jul 23
| £ | £
Trade debtors | 16,669 | 63
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 28,043,865 | 3,356,710
Other debtors | 3,305,234 | 1,395,618
| ------------- | ------------
| 31,365,768 | 4,752,391
| ------------- | ------------

10. INVESTMENTS

| 27 Jul 24 | 29 Jul 23
| £ | £
Other investments | – | 18,464,614
| ---- | -------------

11. CREDITORS: amounts falling due within one year

| 27 Jul 24 | 29 Jul 23
| £ | £
Bank loans and overdrafts | 1,834 | –
Trade creditors | 7,842,598 | 3,239,853
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 17,913,075 | 9,011,014
Corporation tax | – | 401,160
Social security and other taxes | 70,043 | 129,816
Other creditors | 26,426 | 6,804,318
| ------------- | -------------
| 25,853,976 | 19,586,161
| ------------- | -------------