Company registration number SC768152 (Scotland)
WORLD LIFESTYLE MEDICINE EDUCATION AND SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
WORLD LIFESTYLE MEDICINE EDUCATION AND SERVICES LTD
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
WORLD LIFESTYLE MEDICINE EDUCATION AND SERVICES LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
82,034
68,936
Creditors: amounts falling due within one year
4
(2,970)
(33,214)
Net current assets
79,064
35,722
Reserves
Income and expenditure account
79,064
35,722
Total members' funds
79,064
35,722

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

T he member has 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 income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 August 2026 and are signed on its behalf by:
E L Mulligan
Director
Company registration number SC768152 (Scotland)
WORLD LIFESTYLE MEDICINE EDUCATION AND SERVICES LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2025
- 2 -
Income and expenditure
Notes
£
Balance at 1 November 2023
-
0
Year ended 31 October 2024:
Surplus and total comprehensive income
35,722
Balance at 31 October 2024
35,722
Year ended 31 October 2025:
Surplus and total comprehensive income
79,064
Distributions to parent charity under gift aid
(35,722)
Balance at 31 October 2025
79,064
WORLD LIFESTYLE MEDICINE EDUCATION AND SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
1
Accounting policies
Company information

World Lifestyle Medicine Education and Services Ltd is a private company limited by guarantee incorporated in Scotland. The registered office is Haddington House, 28 Sidegate, Haddington, Scotland, United Kingdom, EH41 4BU.

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 goods and 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.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Sales of digital content, which includes access to online course material and learning resources, are recognised as income at the point of receipt.

Events income is fully recognised as income when the event takes place. Any income received in advance of the event is included in deferred income, with any expenditure incurred prior to the event being prepaid until the event takes place.

1.3
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 current liabilities.

1.4
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 statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

WORLD LIFESTYLE MEDICINE EDUCATION AND SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 4 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable 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.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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.

The company is a wholly owned subsidiary of a charitable parent and intends to distribute its taxable profits to the parent charity under the Gift Aid scheme. Such distributions are deductible for corporation tax purposes. Accordingly, no corporation tax is expected to be payable on profits distributed under Gift Aid. A corporation tax liability is recognised only to the extent that profits are not expected to be distributed to the parent charity within the required timeframe.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2025
2024
Number
Number
Directors (non-remunerated)
4
4
WORLD LIFESTYLE MEDICINE EDUCATION AND SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 5 -
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
35,435
32,854
Amounts owed by group undertakings
46,599
28,057
Other debtors
-
0
8,025
82,034
68,936
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
28,964
Taxation and social security
80
-
0
Accruals and deferred income
2,890
4,250
2,970
33,214
5
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

6
Related party transactions

The company has taken advantage of exemption, under the provisions of section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

7
Parent company

The company is a 100% subsidiary of British Society of Lifestyle Medicine, a charity registered in Scotland, whose principal place of business address is Suite 12, 28 Sidegate, Haddington, East Lothian, EH41 4BU.

The ultimate controlling party is the Board of Trustees of British Society of Lifestyle Medicine.

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