Whoicons Ltd

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

Registered number: 10784406

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	-		6,329
Debtors	5	33,798		74,894
Cash at bank and in hand		2,657		-

		36,455		81,223
Creditors: Amounts Falling Due Within One Year	6	(11,525 )		(14,150 )

NET CURRENT ASSETS (LIABILITIES)			24,930		67,073

TOTAL ASSETS LESS CURRENT LIABILITIES			24,930		67,073

Creditors: Amounts Falling Due After More Than One Year	7		(148,468 )		(278,734 )

NET LIABILITIES			(123,538 )		(211,661 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(123,638 )		(211,761 )

SHAREHOLDERS' FUNDS			(123,538)		(211,661)

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Whoicons Ltd

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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

Goran Svilar

Director

22/05/2026

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

1. General Information

Whoicons Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10784406 . The registered office is 10784406 - COMPANIES HOUSE DEFAULT ADDRESS, Cardiff, CF14 8LH.

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

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The company has financial support from the shareholder. Based on this the director believes the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due at least 12 months from the date of signing these financial statements. Accordingly, the director continues to adopt the going concern basis 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.4. 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.

2.5. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

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Whoicons Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

2.6. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 2)

4. Stocks

	2025	2024
	£	£
Stock	-	6,329

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	322	21,670
Due after more than one year
Amounts owed by participating interests	33,476	53,224

	33,798	74,894

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Other creditors	1,525	4,150

	11,525	14,150

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

	2025	2024
	£	£
Bank loans	23,767	22,712
Other loans	-	163,600
Amounts owed to participating interests	93,833	61,670
Other creditors	30,868	30,752

	148,468	278,734

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Whoicons Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

Bank loan relates to Bounce Back Loan scheme set up by the Government to help businesses with Covid-19. It is Government backed unsecured loan. The loan is for a period of six years. No interest is payable for the first year of the loan, and thereafter interest is charged at 2.5% per annum.

8. Share Capital

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

9. Related Party Transactions

The loan from investor amountig to £163,600 disclosed in creditors due was writtend off as it was pardoned by the investor after court settlement.

At the end of the financial year, the company owed £33,476 by a company under the same control and this declared in debtors.

At the end of the financial year, the company owed £93,833 to a company under the same control and this declared in creditors.

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