3 01/07/2024 30/06/2025 2025-06-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-07-01 Sage Accounts Production 25.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10843763 2024-07-01 2025-06-30 10843763 2025-06-30 10843763 2024-06-30 10843763 2023-07-01 2024-06-30 10843763 2024-06-30 10843763 2023-06-30 10843763 bus:Director2 2024-07-01 2025-06-30 10843763 core:LandBuildings core:LongLeaseholdAssets 2025-06-30 10843763 core:WithinOneYear 2025-06-30 10843763 core:WithinOneYear 2024-06-30 10843763 core:ShareCapital 2025-06-30 10843763 core:ShareCapital 2024-06-30 10843763 core:SharePremium 2025-06-30 10843763 core:SharePremium 2024-06-30 10843763 core:RetainedEarningsAccumulatedLosses 2025-06-30 10843763 core:RetainedEarningsAccumulatedLosses 2024-06-30 10843763 core:LandBuildings core:LongLeaseholdAssets 2024-06-30 10843763 bus:SmallEntities 2024-07-01 2025-06-30 10843763 bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 10843763 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 10843763 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 10843763 bus:FullAccounts 2024-07-01 2025-06-30
Company registration number: 10843763
World Wheel Company ( Newcastle ) Limited
Pages for filing with Registrar
30 June 2025
World Wheel Company ( Newcastle ) Limited
Contents
Statement of financial position
Notes to the financial statements
World Wheel Company ( Newcastle ) Limited
Statement of financial position
30 June 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 5 | 2,626,513 |  |  |  | 2,626,513 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 2,626,513 |  |  |  | 2,626,513
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 6 | 7,146 |  |  |  | 7,146 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 7,146 |  |  |  | 7,146 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 7 | ( 1,108,755) |  |  |  | ( 1,106,396) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 1,101,609) |  |  |  | ( 1,099,250)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 1,524,904 |  |  |  | 1,527,263
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 1,524,904 |  |  |  | 1,527,263
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 200 |  |  |  | 200
Share premium account |  |  |  |  | 2,009,802 |  |  |  | 2,009,802
Profit and loss account |  |  |  |  | ( 485,098) |  |  |  | ( 482,739)
|  |  |  |  | _______ |  |  |  | _______
Shareholder funds |  |  |  |  | 1,524,904 |  |  |  | 1,527,263
|  |  |  |  | _______ |  |  |  | _______

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year 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.
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 income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 March 2026 , and are signed on behalf of the board by:
N Hartley
Director
Company registration number: 10843763
World Wheel Company ( Newcastle ) Limited
Notes to the financial statements
Year ended 30 June 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 West 2, Asama Court, Newcastl Business Park, Newcastle upon Tyne, NE4 7YD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis. Having carried out a detailed review of the company's resources, the directors are satisfied that the company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of the accounts.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. Tangible assets

|  | Long leasehold property | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 July 2024 and 30 June 2025 | 2,626,513 | 2,626,513 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 July 2024 and 30 June 2025 | - | - |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 30 June 2025 | 2,626,513 | 2,626,513 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 30 June 2024 | 2,626,513 | 2,626,513 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |

6. Debtors

|  |  | 2025 | 2024
|  |  | £ | £
| Other debtors |  | 7,146 | 7,146
|  |  | _______ | _______

7. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 44,110 | 84,110
| Trade creditors |  | 521,069 | 521,691
| Other creditors |  | 543,576 | 500,595
|  |  | _______ | _______
|  |  | 1,108,755 | 1,106,396
|  |  | _______ | _______