Company No: 13876919 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	8,375		6,836
Tangible assets	4	6,747		8,083
		15,122		14,919
Current assets
Debtors	5	11,286		7,710
Cash at bank and in hand		100,727		58,065
		112,013		65,775
Creditors: amounts falling due within one year	6	( 1,361,137)		( 757,855)
Net current liabilities		(1,249,124)		(692,080)
Total assets less current liabilities		(1,234,002)		(677,161)
Net liabilities		( 1,234,002)		( 677,161)
Capital and reserves
Called-up share capital	7	1		1
Profit and loss account		( 1,234,003 )		( 677,162 )
Total shareholder's deficit		( 1,234,002)		( 677,161)

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Asgard.World Ltd (registered number: 13876919) were approved and authorised for issue by the Director. They were signed on its behalf by:

A Sehgal Director

08 May 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Asgard.World Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 8 Greenlink Walk, Richmond, TW9 4AF, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At 31 January 2026, the company had net current liabilities amounting to £1,249,124 and net liabilities amounting to £1,234,002. The director who is also the sole shareholder has provided an undertaking to the company that he will continue to make available such funds as are necessary to enable the company to meet its liabilities as they fall due for a period of at least 12 months from the approval of these financial statements. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents 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 creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the company during the year, including the director	1		0

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 February 2025	8,557		8,557
Additions	2,523		2,523
At 31 January 2026	11,080		11,080
Accumulated amortisation
At 01 February 2025	1,721		1,721
Charge for the financial year	984		984
At 31 January 2026	2,705		2,705
Net book value
At 31 January 2026	8,375		8,375
At 31 January 2025	6,836		6,836

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 February 2025	10,829		10,829
Additions	3,020		3,020
Disposals	( 1,886)		( 1,886)
At 31 January 2026	11,963		11,963
Accumulated depreciation
At 01 February 2025	2,746		2,746
Charge for the financial year	3,344		3,344
Disposals	( 874)		( 874)
At 31 January 2026	5,216		5,216
Net book value
At 31 January 2026	6,747		6,747
At 31 January 2025	8,083		8,083

5. Debtors

	2026		2025
	£		£
Other debtors	11,286		7,710

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	30,811		46,307
Amounts owed to related parties	907,098		381,908
Other taxation and social security	3		0
Other creditors	423,225		329,640
	1,361,137		757,855

Amounts owed to related parties includes £444,997 (2025: £7,497) owed to Asgard.World LLC. This amount is unsecured, provided interest free and is repayable on demand.

Amounts owed to related parties also includes £457,101 (2025: £364,411) owed to Asgard World Holdings Limited. This amount is unsecured, provided interest free and is repayable on demand.

Amounts owed to related parties also includes £5,000 (2025: £10,000) owed to Fast Frameworks Limited. This amount is unsecured, provided interest free and is repayable on demand.

Other creditors includes £316,766 (2025: £316,333) due to A Sehgal, this amount is unsecured, interest free and repayable on demand.

7. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1