Workerbee Developments Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12213946

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		276,715		337,342

			276,715		337,342
CURRENT ASSETS
Debtors	5	1,012,252		1,261,245
Cash at bank and in hand		59,043		1,067

		1,071,295		1,262,312
Creditors: Amounts Falling Due Within One Year	6	(3,171,654 )		(2,879,912 )

NET CURRENT ASSETS (LIABILITIES)			(2,100,359 )		(1,617,600 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,823,644 )		(1,280,258 )

Creditors: Amounts Falling Due After More Than One Year	7		(190,224 )		(336,443 )

NET LIABILITIES			(2,013,868 )		(1,616,701 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			(2,013,870 )		(1,616,703 )

SHAREHOLDERS' FUNDS			(2,013,868)		(1,616,701)

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Workerbee Developments Ltd

Balance Sheet (continued)

As At 31 March 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr George Garnier Director	Mr Joseph Lowe Director
24th December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Workerbee Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12213946 . The registered office is 20a Ironmonger Lane, London, EC2V 8EP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

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

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is reduced for estimated customer discounts and other similar allowances.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20% straight line
Plant & Machinery	25% straight line
Fixtures & Fittings	25% straightline
Computer Equipment	25% straightline

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgments, 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 the revision and future periods where the revision affects both current and future periods.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Workerbee Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 April 2024	501,064	32,900	533,964
Additions	-	1,311	1,311

As at 31 March 2025	501,064	34,211	535,275

Depreciation
As at 1 April 2024	185,340	11,282	196,622
Provided during the period	52,428	9,510	61,938

As at 31 March 2025	237,768	20,792	258,560

Net Book Value
As at 31 March 2025	263,296	13,419	276,715

As at 1 April 2024	315,724	21,618	337,342

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	18,597	14,521
Amounts owed by group undertakings	804,746	1,032,004
Other debtors	188,909	214,720

	1,012,252	1,261,245

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	134,752	-
Trade creditors	278,851	215,340
Bank loans and overdrafts	742,839	41,347
Amounts owed to group undertakings	1,689,414	2,186,097
Other creditors	325,798	437,128

	3,171,654	2,879,912

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	185,895	-
Bank loans	4,329	11,667
Other creditors	-	324,776

	190,224	336,443

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Workerbee Developments Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	134,752	-
Later than one year and not later than five years	185,895	-

	320,647	-

	320,647	-

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

10. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Artistic Spaces Group Ltd, which is incorporated in England and Wales. The group has taken advantage of the exemption from filing consolidated accounts under the small companies regime. The ultimate controlling parties are Mr J Lowe and Mr G Garnier who control 50% each of the shares of the parent company.

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