WORLDHEIGHTS LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02653139

WORLDHEIGHTS LIMITED

Filleted Unaudited Financial Statements

31 March 2025

WORLDHEIGHTS LIMITED

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Investment properties	5		6,080,000	5,870,000

Current assets

Debtors	6	1,168,140	861,620
Cash at bank and in hand		81,882	78,386
		-------------	----------
		1,250,022	940,006

Creditors: amounts falling due within one year	7	( 248,995)		( 66,388)
		-------------		----------
Net current assets			1,001,027	873,618
			-------------	-------------
Total assets less current liabilities			7,081,027	6,743,618

Creditors: amounts falling due after more than one year	8		( 1,950,609)	( 1,631,148)

Provisions

Deferred taxation	( 1,009,377)	( 1,009,377)
	-------------	-------------
Net assets	4,121,041	4,103,093
	-------------	-------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	4,120,941	4,102,993
	-------------	-------------
Shareholders funds	4,121,041	4,103,093
	-------------	-------------

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 profit and loss account has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

WORLDHEIGHTS LIMITED

Balance Sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr S Ludmir
Director

Company registration number: 02653139

WORLDHEIGHTS LIMITED

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling (rounded to the nearest pound), which is the functional currency of the entity.

Turnover

The turnover shown in the Profit and Loss Account represents amounts of rental income and service charges invoiced during the period. Property outgoings Property outgoings are recognised in the Profit and Loss Account in the year in which they are incurred.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investment properties

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition investment properties are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Investment properties

	Land and buildings
	£
Fair value
At 1 April 2024	5,870,000
Additions	211,065
Revaluations	( 1,065)
	-------------
At 31 March 2025	6,080,000
	-------------
Carrying amount
At 31 March 2025	6,080,000
	-------------
At 31 March 2024	5,870,000
	-------------

The historical cost of the properties is £1,291,196 (2024 - £1,080,131).

6. Debtors

	2025	2024
	£	£
Trade debtors	21,433	21,627
Other debtors	1,146,707	839,993
	-------------	----------
	1,168,140	861,620
	-------------	----------

Other debtors include £978,125 (2024: £700,000) due from companies whose directors include or are connected to the director of this company.

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	21,528	43,500
Corporation tax	6,338	16,123
Social security and other taxes	3,776	4,125
Other creditors	217,353	2,640
	----------	---------
	248,995	66,388
	----------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,950,609	1,631,148
	-------------	-------------

Bank loans and overdrafts are secured over some of the company's investment properties.

9. Ultimate control

The company was under the control of Mr Samuel Ludmir by virtue of his 100% shareholding.