Worldwide Timeshare Hypermarket Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Worldwide Timeshare Hypermarket Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03190697 . The registered office is Venator House 7 St Stephens Court, 15-17 St. Stephens Road, Bournemouth, BH2 6LA.

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. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. 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:

Fixtures & Fittings	15% straight line
Computer Equipment	33.33% straight line

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Page 3

Page 4

Worldwide Timeshare Hypermarket Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Financial Instruments

Financial assets and financial liabilities are recognized in the company’s balance sheet when the company becomes a party to the contractual provisions of the instrument.

1. Classification:

The company classifies its financial assets into the following categories: amortized cost, fair value through profit or loss (FVTPL), or fair value through other comprehensive income (FVOCI). The classification depends on the business model for managing the financial assets and the contractual cash flow characteristics of the asset.

Initial Recognition and Measurement:

Financial assets are initially measured at transaction price (including transaction costs), except for those classified as FVTPL, which are initially measured at fair value.

Subsequent Measurement:

Amortized Cost:

Assets held for the collection of contractual cash flows and where those cash flows represent solely payments of principal and interest are measured at amortized cost using the effective interest method, less any impairment.

Fair Value:

Assets held for trading or that do not meet the criteria for amortized cost are measured at fair value, with changes in fair value recognized in the income statement.

Impairment:

The company assesses on a forward-looking basis the expected credit losses (ECL) associated with its financial assets carried at amortized cost.

Derecognition:

Financial assets are derecognized only when the contractual rights to the cash flows from the asset expire, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

2. Financial Liabilities

Classification and Measurement:

Financial liabilities, including trade payables and borrowings, are initially measured at fair value, net of transaction costs. Subsequently, they are measured at amortized cost using the effective interest method.

Derecognition:

Financial liabilities are derecognized when, and only when, the company’s obligations are discharged, canceled, or they expire.

3. Offsetting

Financial assets and financial liabilities are offset and the net amount reported in the balance sheet if there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the asset and settle the liability simultaneously.

Page 4

Page 5

Worldwide Timeshare Hypermarket Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was 12 (2024: 14)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	39,351	121,911	161,262
Additions	75	2,102	2,177

As at 31 December 2025	39,426	124,013	163,439

...CONTINUED

Page 5

Page 6

Worldwide Timeshare Hypermarket Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Depreciation
As at 1 January 2025	31,352	121,853	153,205
Provided during the period	1,864	410	2,274

As at 31 December 2025	33,216	122,263	155,479

Net Book Value
As at 31 December 2025	6,210	1,750	7,960

As at 1 January 2025	7,999	58	8,057

5. Stocks

	2025	2024
	£	£
Finished goods	1,498	2,342

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	132,574	205,343
Amounts owed by participating interests	793,677	749,646
Other debtors	25,262	26,309

	951,513	981,298

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	543,150	596,371
Bank loans and overdrafts	23,111	40,706
Amounts owed to participating interests	4,622	4,622
Other creditors	23,326	16,006
Taxation and social security	26,724	35,710

	620,933	693,415

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

	2025	2024
	£	£
Bank loans	-	4,653

Page 6

Page 7

Worldwide Timeshare Hypermarket Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £1,693 (PY £2,123) were due to the fund. They are included in Other Creditors.

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr Philip Watson	(2 )	2,732	-	-	2,730

The above loan is unsecured, interest free and repayable on demand.

Page 7

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,960		8,057

			7,960		8,057
CURRENT ASSETS
Stocks	5	1,498		2,342
Debtors	6	951,513		981,298
Cash at bank and in hand		366,931		327,987

		1,319,942		1,311,627
Creditors: Amounts Falling Due Within One Year	7	(620,933 )		(693,415 )

NET CURRENT ASSETS (LIABILITIES)			699,009		618,212

TOTAL ASSETS LESS CURRENT LIABILITIES			706,969		626,269

Creditors: Amounts Falling Due After More Than One Year	8		-		(4,653 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,304 )		-

NET ASSETS			705,665		621,616

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			705,565		621,516

SHAREHOLDERS' FUNDS			705,665		621,616