Company Registration No. 13145642 (England and Wales)
WORKSTORE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 3 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
WORKSTORE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WORKSTORE LIMITED
Company Registration No. 13145642
BALANCE SHEET
AS AT
3 DECEMBER 2025
03 December 2025
- 1 -
2025
2025
as restated
Notes
£
£
£
£
Fixed assets
Investment properties
3
885,000
885,000
Current assets
Debtors
4
-
0
101
Cash at bank and in hand
720,988
2,261,084
720,988
2,261,185
Creditors: amounts falling due within one year
5
(480,521)
(2,118,306)
Net current assets
240,467
142,879
Net assets
1,125,467
1,027,879
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
1,125,367
1,027,779
Total equity
1,125,467
1,027,879

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 3 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 27 December 2025 and are signed on its behalf by:
K Davis
Director
WORKSTORE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 3 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Workstore Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Rectory, Church Street, Weybridge, Surrey, KT13 8DE.

1.1
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 a mounts 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.

1.2
Reporting period

The company’s accounting period was shortened, covering the period from 1 February 2025 to 3 December 2025. The comparatives for year ended 31 January 2025 are therefore not comparable.

1.3
Turnover

Turnover comprises revenue recognised by the company in respect of rent receivable during the year. Income is recognised in the period in which the service is supplied.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash at bank and in hand

Cash at bank and in hand 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.

1.6
Financial instruments
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.

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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

WORKSTORE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 3 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.7
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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2025
Number
Number
Total
3
1
3
Investment property
2025
£
Fair value
At 1 February 2025 and 3 December 2025
885,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 January 202 5 b y the Lambert Smith Hampton. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

4
Debtors
2025
2025
Amounts falling due within one year:
£
£
Other debtors
-
0
101
5
Creditors: amounts falling due within one year
2025
2025
£
£
Taxation and social security
15,640
40,646
Other creditors
464,881
2,077,660
480,521
2,118,306
WORKSTORE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 3 DECEMBER 2025
- 4 -
6
Called up share capital
2025
2025
2025
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
7
Related party transaction

At the balance sheet date the company owed £462,590 (202 5 - £2,0 7 5,218) to the former director, B Donoghue. This loan is interest free and repayable on demand.

8
Prior year adjustment

The prior year adjustment relates to adjusting overstated rental income by £60,000 and adjusting the corporation tax accrual to reduce the charge by £15,900.

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