World Mobile Chain Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11630417

WORLD MOBILE CHAIN LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

26 July 2025

WORLD MOBILE CHAIN LTD

STATEMENT OF FINANCIAL POSITION

26 July 2025

	26 Jul 25		27 Jul 24
Note	£	£	£

FIXED ASSETS

Tangible assets	5	–	31,494
Investments	6	100	100
		----	--------
		100	31,594

CURRENT ASSETS

Debtors	7	1,422,220	1,457,064
Cash at bank and in hand		466	5,432
		------------	------------
		1,422,686	1,462,496

CREDITORS: amounts falling due within one year	8	( 5,673,981)		( 5,755,000)
		------------		------------
NET CURRENT LIABILITIES			( 4,251,295)	( 4,292,504)
			------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 4,251,195)	( 4,260,910)

CREDITORS: amounts falling due after more than one year	9		( 2,161,005)	( 2,169,993)

PROVISIONS	–	( 7,873)
	------------	------------
NET LIABILITIES	( 6,412,200)	( 6,438,776)
	------------	------------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	( 6,412,300)	( 6,438,876)
	------------	------------
SHAREHOLDERS DEFICIT	( 6,412,200)	( 6,438,776)
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 26 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

WORLD MOBILE CHAIN LTD

STATEMENT OF FINANCIAL POSITION (continued)

26 July 2025

These financial statements were approved by the board of directors and authorised for issue on 6 August 2026 , and are signed on behalf of the board by:

C A Barnett

Director

Company registration number: 11630417

WORLD MOBILE CHAIN LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 28 JULY 2024 TO 26 JULY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Holywell Row, London, EC2A 4JB, United Kingdom.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed the ongoing financial support of the creditors of the company. The financial statements are prepared in sterling, which is the functional currency of the entity.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Research and development

Research expenditure is written off in the period in which it is incurred.

Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met:

- It is technically feasible to complete the intangible asset so that it will be available for use or sale;

- There is the intention to complete the intangible asset and use or sell it;

- There is the ability to use or sell the intangible asset;

- The use or sale of the intangible asset will generate probable future economic benefits;

- There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and

- The expenditure attributable to the intangible asset during its development can be measured reliably.

Expenditure that does not meet the above criteria is expensed as incurred.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office & Audio Visual equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

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 entity after deducting all of its financial liabilities.

4. TAX ON PROFIT/(LOSS)

Major components of tax (income)/expense

	Period from	Period from
	28 Jul 24 to	30 Jul 23 to
	26 Jul 25	27 Jul 24
	£	£

Deferred tax:

Origination and reversal of timing differences	( 7,873)	7,873
	-------	-------
Tax on profit/(loss)	( 7,873)	7,873
	-------	-------

5. TANGIBLE ASSETS

	Office & audio visual equipment
	£
Cost
At 28 July 2024 and 26 July 2025	197,773
	---------
Depreciation
At 28 July 2024	166,279
Charge for the period	31,494
	---------
At 26 July 2025	197,773
	---------
Carrying amount
At 26 July 2025	–
	---------
At 27 July 2024	31,494
	---------

6. INVESTMENTS

	Other investments other than loans
	£
Cost
At 28 July 2024 and 26 July 2025	100
	----
Impairment
At 28 July 2024 and 26 July 2025	–
	----

Carrying amount
At 26 July 2025	100
	----
At 27 July 2024	100
	----

7. DEBTORS

	26 Jul 25	27 Jul 24
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,380,635	1,419,648
Other debtors	41,585	37,416
	------------	------------
	1,422,220	1,457,064
	------------	------------

8. CREDITORS: amounts falling due within one year

	26 Jul 25	27 Jul 24
	£	£
Bank loans and overdrafts	8,732	10,000
Trade creditors	2,162,901	2,248,727
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,741,969	2,741,969
Corporation tax	1,100	400
Other creditors	759,279	753,904
	------------	------------
	5,673,981	5,755,000
	------------	------------

9. CREDITORS: amounts falling due after more than one year

	26 Jul 25	27 Jul 24
	£	£
Bank loans and overdrafts	–	8,988
Other creditors	2,161,005	2,161,005
	------------	------------
	2,161,005	2,169,993
	------------	------------