Worldwide Asset Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03134586 (England and Wales)

WORLDWIDE ASSET MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Halford

D Halford

SECRETARY:

D Halford

REGISTERED OFFICE:

2 Lakeview Stables

Lower St Clere

Kemsing

Kent

TN15 6NL

REGISTERED NUMBER:

03134586 (England and Wales)

ACCOUNTANTS:

Lakeview Southern Limited

Chartered Accountants

2 Lakeview Stables

Lower St. Clere

Kemsing

Sevenoaks

Kent

TN15 6NL

FIXED ASSETS

Tangible assets

4

14,261,494

14,008,034

Investments

5

100

14,261,594

14,008,134

CURRENT ASSETS

Debtors

6

51,752

72,022

Cash at bank

198,998

329,189

250,750

401,211

CREDITORS

Amounts falling due within one year

7

86,230

68,093

NET CURRENT ASSETS

164,520

333,118

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,426,114

14,341,252

CREDITORS

Amounts falling due after more than one
year

8

(6,465,837

)

(6,469,818

)

PROVISIONS FOR LIABILITIES

(2,222,187

)

(2,164,072

)

NET ASSETS

5,738,090

5,707,362

CAPITAL AND RESERVES

Called up share capital

800

Retained earnings

5,737,290

5,706,562

SHAREHOLDERS' FUNDS

5,738,090

5,707,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2026 and were signed on its behalf by:

D Halford - Director

1.	STATUTORY INFORMATION

Worldwide Asset Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings

-

25% on reducing balance, 20% on reducing balance and 10% on reducing balance

Office equipment

-

25% on reducing balance

No depreciation is provided in respect of properties held for investment. This conficts with the requirements in the Companies Act 1985 that all properties should be depreciated. The Directors consider that as these properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view, and that it is necessary to adopt Statement of Standard Accounting Practice No. 19 in order to give a true a fair view.

If this departure from the Act had not been made, the loss for the financial year would have been increased by depreciation. However, the amount of depreciation cannot reasonably be quantified because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment properties

In accordance with Statement of Standard Accounting Practice No.19, certain of the company's properties are held for long-term investment and are included in the Balance Sheet at their open market values. The surplus or deficit on revaluation of such properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of freehold investment properties. Leasehold investment properties are not amortised where the unexpired term is over twenty years.

This policy represents a departure from the statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the Accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Investment

Fixtures

Office

properties

& fittings

equipment

Totals

£

COST OR VALUATION

At 1 November 2024

13,994,634

109,823

5,422

14,109,879

Additions

21,000

-

21,000

Revaluations

235,000

-

235,000

At 31 October 2025

14,250,634

109,823

5,422

14,365,879

DEPRECIATION

At 1 November 2024

-

97,135

4,710

101,845

Charge for year

-

2,362

178

2,540

At 31 October 2025

-

99,497

4,888

104,385

NET BOOK VALUE

At 31 October 2025

14,250,634

10,326

534

14,261,494

At 31 October 2024

13,994,634

12,688

712

14,008,034

Cost or valuation at 31 October 2025 is represented by:

Investment

Fixtures

Office

properties

& fittings

equipment

Totals

£

Valuation in 2020

6,700,164

-

6,700,164

Valuation in 2021

994,162

-

994,162

Valuation in 2023

647,796

-

647,796

Valuation in 2024

300,768

-

300,768

Valuation in 2025

235,000

-

235,000

Cost

5,372,744

109,823

5,422

5,487,989

14,250,634

109,823

5,422

14,365,879

If investment properties had not been revalued they would have been included at the following historical cost:

31.10.25

31.10.24

£

Cost

5,372,744

5,351,744

Investment properties were valued on an open market basis on 31 October 2025 by Mr. D Halford (Director) .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2024

and 31 October 2025

100

NET BOOK VALUE

At 31 October 2025

100

At 31 October 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

8,840

2,216

Amounts owed by group undertakings

15,000

Other debtors

27,912

Directors' current accounts

-

26,894

51,752

72,022

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts

9,857

Trade creditors

5,564

5,588

Other creditors

70,809

52,648

86,230

68,093

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.25

31.10.24

£

Bank loans

6,465,837

6,469,818

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

Bank loans

6,475,694

6,479,675

The bank loans are secured on the company's investment properties.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

D Halford

Balance outstanding at start of year

26,894

10,789

Amounts advanced

8,555

26,894

Amounts repaid

(35,647

)

(10,789

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(198

)

26,894