EARLYWORLD LIMITED
Company registration number 02681662 (England and Wales)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
EARLYWORLD LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
EARLYWORLD LIMITED
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
117,254
1,842,045
Current assets
Debtors
4
591,035
2,478,034
Cash at bank and in hand
990,121
670,341
1,581,156
3,148,375
Creditors: amounts falling due within one year
5
(965,252)
(831,239)
Net current assets
615,904
2,317,136
Total assets less current liabilities
733,158
4,159,181
Provisions for liabilities
(24,227)
(55,457)
Net assets
708,931
4,103,724
Capital and reserves
Called up share capital
6
14,977
1,497,695
Profit and loss reserves
693,954
2,606,029
Total equity
708,931
4,103,724

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

T he members have 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 Companies Act 2006 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.

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

The financial statements were approved by the board of directors and authorised for issue on 1 July 2026 and are signed on its behalf by:
Mr P A Edwards
Director
Company registration number 02681662 (England and Wales)
EARLYWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Earlyworld Limited is a private company limited by shares incorporated in England and Wales. The registered office is Earlyworld House, 7 Darwin Court Oxon Business Park, Welshpool Road, Shrewsbury, Shropshire, SY3 5AL.

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. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
Nil
Land and buildings Leasehold
Straight line 10-15 years
Plant and machinery
Between 20% and 33% straight line

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.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

EARLYWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.12
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

EARLYWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
2
Employees

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

2026
2025
Number
Number
Total
132
133
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2025
2,529,751
689,621
3,219,372
Additions
-
0
18,278
18,278
Disposals
(2,081,795)
-
0
(2,081,795)
At 31 March 2026
447,956
707,899
1,155,855
Depreciation and impairment
At 1 April 2025
819,585
557,742
1,377,327
Depreciation charged in the year
8,826
47,540
56,366
Eliminated in respect of disposals
(395,092)
-
0
(395,092)
At 31 March 2026
433,319
605,282
1,038,601
Carrying amount
At 31 March 2026
14,637
102,617
117,254
At 31 March 2025
1,710,166
131,879
1,842,045
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
17,748
15,170
Other debtors
573,287
2,462,864
591,035
2,478,034
EARLYWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
5
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
477,888
370,536
Amounts owed to group undertakings
10,197
-
0
Taxation and social security
198,455
219,225
Other creditors
278,712
241,478
965,252
831,239
6
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
0
362,967
-
0
362,967
Ordinary B shares of £1 each
0
1,134,728
-
0
1,134,728
Ordinary AP shares of 10p each
18,078
0
1,808
-
0
Ordinary AT shares of 10p each
18,219
0
1,822
-
0
Ordinary BP shares of 10p each
56,515
0
5,651
-
0
Ordinary BT shares of 10p each
56,958
-
5,696
-
149,770
1,497,695
14,977
1,497,695

During the year, the Ordinary A and B shares were subdivided into shares of £0.10, then reduced by cancelling and extinguishing 3,593,373 of the issued Ordinary A shares of £0.10 each and 11,233,807 Ordinary B shares of £0.10 each.

The Ordinary A shares were then re designated into Ordinary AP and Ordinary AT shares of £0.10 each and the Ordinary B shares were re designated into Ordinary BP and Ordinary BT shares of £0.10 each.

With regards to the Ordinary AP and BP shares, in respect of the properties and inter-company loan, each share has full voting rights and rights to dividends on the share class.

With regards to the Ordinary AT and BT shares, in respect of all trade and assets of the company (save for the properties and inter-company loan), each share has full voting rights and rights to dividends on the share class.

EARLYWORLD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
7
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
Total commitments
8,467
6,680
8
Related party transactions
Transactions with related parties

The following amounts were outstanding at the reporting end date:

Kingsland Estates UK Limited - interest free loan receivable of £500,000 (20 2 5: £1,913,056).

SCH Holdings Limited - interest free loan receivable of £12,909 (20 2 5: £512,954).

The directors (and former shareholders in the year) of Earlyworld Limited have a participating interest in Kingsland Estates UK Limited and SCH Holdings Limited.

9
Parent company

The parent company of Earlyworld Limited is Earlyworld Holdings Limited and its registered office is Earlyworld House, 7 Darwin Court, Oxon Business Park, Welshpool Road, Shrewsbury, Shropshire, SY3 5AL.

2026-03-31 2025-04-01 false false false 03 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr P A Edwards Mr J N Edwards Miss V J Edwards Mrs E K Snooke 02681662 2025-04-01 2026-03-31 02681662 2026-03-31 02681662 2025-03-31 02681662 core:LandBuildings 2026-03-31 02681662 core:OtherPropertyPlantEquipment 2026-03-31 02681662 core:LandBuildings 2025-03-31 02681662 core:OtherPropertyPlantEquipment 2025-03-31 02681662 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 02681662 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 02681662 core:CurrentFinancialInstruments 2026-03-31 02681662 core:CurrentFinancialInstruments 2025-03-31 02681662 core:ShareCapital 2026-03-31 02681662 core:ShareCapital 2025-03-31 02681662 core:RetainedEarningsAccumulatedLosses 2026-03-31 02681662 core:RetainedEarningsAccumulatedLosses 2025-03-31 02681662 core:ShareCapitalOrdinaryShareClass1 2026-03-31 02681662 core:ShareCapitalOrdinaryShareClass1 2025-03-31 02681662 core:ShareCapitalOrdinaryShareClass2 2026-03-31 02681662 core:ShareCapitalOrdinaryShareClass2 2025-03-31 02681662 core:ShareCapitalOrdinaryShareClass3 2026-03-31 02681662 core:ShareCapitalOrdinaryShareClass3 2025-03-31 02681662 core:ShareCapitalOrdinaryShareClass4 2026-03-31 02681662 core:ShareCapitalOrdinaryShareClass4 2025-03-31 02681662 core:ShareCapitalOrdinaryShareClass5 2026-03-31 02681662 core:ShareCapitalOrdinaryShareClass5 2025-03-31 02681662 core:ShareCapitalOrdinaryShares 2026-03-31 02681662 core:ShareCapitalOrdinaryShares 2025-03-31 02681662 bus:Director1 2025-04-01 2026-03-31 02681662 core:LandBuildings core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 02681662 core:LandBuildings core:LongLeaseholdAssets 2025-04-01 2026-03-31 02681662 core:PlantMachinery 2025-04-01 2026-03-31 02681662 2024-04-01 2025-03-31 02681662 core:LandBuildings 2025-03-31 02681662 core:OtherPropertyPlantEquipment 2025-03-31 02681662 2025-03-31 02681662 core:LandBuildings 2025-04-01 2026-03-31 02681662 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 02681662 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 02681662 bus:OrdinaryShareClass2 2025-04-01 2026-03-31 02681662 bus:OrdinaryShareClass3 2025-04-01 2026-03-31 02681662 bus:OrdinaryShareClass4 2025-04-01 2026-03-31 02681662 bus:OrdinaryShareClass5 2025-04-01 2026-03-31 02681662 bus:OrdinaryShareClass1 2026-03-31 02681662 bus:OrdinaryShareClass1 2025-03-31 02681662 bus:OrdinaryShareClass2 2026-03-31 02681662 bus:OrdinaryShareClass2 2025-03-31 02681662 bus:OrdinaryShareClass3 2026-03-31 02681662 bus:OrdinaryShareClass3 2025-03-31 02681662 bus:OrdinaryShareClass4 2026-03-31 02681662 bus:OrdinaryShareClass4 2025-03-31 02681662 bus:OrdinaryShareClass5 2026-03-31 02681662 bus:OrdinaryShareClass5 2025-03-31 02681662 bus:AllOrdinaryShares 2026-03-31 02681662 bus:AllOrdinaryShares 2025-03-31 02681662 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 02681662 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 02681662 bus:FRS102 2025-04-01 2026-03-31 02681662 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 02681662 bus:Director2 2025-04-01 2026-03-31 02681662 bus:Director3 2025-04-01 2026-03-31 02681662 bus:Director4 2025-04-01 2026-03-31 02681662 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP