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

COMPANY REGISTRATION NUMBER: 13191263

WORLD MOBILE GROUP LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

26 July 2025

WORLD MOBILE GROUP LTD

STATEMENT OF FINANCIAL POSITION

26 July 2025

	26 Jul 25		27 Jul 24
Note	£	£	£

FIXED ASSETS

Intangible assets	5	1,623,310	5,007,650
Tangible assets	6	20,647	43,756
Investments	7	288,216	58,452
		------------	------------
		1,932,173	5,109,858

CURRENT ASSETS

Debtors	8	10,172,620	31,365,768
Cash at bank and in hand		360,807	46,741
		-------------	-------------
		10,533,427	31,412,509

CREDITORS: amounts falling due within one year	9	( 12,617,501)		( 25,853,976)
		-------------		-------------
NET CURRENT (LIABILITIES)/ASSETS			( 2,084,074)	5,558,533
			------------	-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 151,901)	10,668,391
			---------	-------------
NET (LIABILITIES)/ASSETS			( 151,901)	10,668,391
			---------	-------------

CAPITAL AND RESERVES

Called up share capital	100	100
Revaluation reserve	5,637,603	10,055,443
Profit and loss account	( 5,789,604)	612,848
	------------	-------------
SHAREHOLDERS (DEFICIT)/FUNDS	( 151,901)	10,668,391
	------------	-------------

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 comprehensive income 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 GROUP 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 Barnett

Director

Company registration number: 13191263

WORLD MOBILE GROUP 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 are prepared in sterling, which is the functional currency of the entity.

Changes in accounting policies

The directors have opted to re-classify Digital Assets held from Other Investments to Intangible Assets in line with FRS102 Section 18. This change in accounting policy has been recognised from 1 August 2023. Following this reclassification, revaluation losses amounting to £2,645,687 have been reallocated from Retained Earnings to Non-Distributable reserves.

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.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.

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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Tangible assets

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

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:

Plant and machinery	-	Variable, depending on type of asset
Equipment	-	25% straight line

Investments

Current asset investments are valued at market value.

Investments in associates

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

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 22 (2024: 30 ).

5. INTANGIBLE ASSETS

	Digital assets
	£
Cost
At 28 July 2024	5,007,650
Additions	–
Revaluations	7,111,882
Other movements	( 10,496,222)
	-------------
At 26 July 2025	1,623,310
	-------------
Amortisation
At 28 July 2024 and 26 July 2025	–
	-------------
Carrying amount
At 26 July 2025	1,623,310
	-------------
At 27 July 2024	5,007,650
	-------------

6. TANGIBLE ASSETS

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 28 July 2024	11,750	89,964	101,714
Additions	–	1,275	1,275
	--------	--------	---------
At 26 July 2025	11,750	91,239	102,989
	--------	--------	---------
Depreciation
At 28 July 2024	4,752	53,206	57,958
Charge for the period	1,581	22,803	24,384
	--------	--------	---------
At 26 July 2025	6,333	76,009	82,342
	--------	--------	---------
Carrying amount
At 26 July 2025	5,417	15,230	20,647
	--------	--------	---------
At 27 July 2024	6,998	36,758	43,756
	--------	--------	---------

7. INVESTMENTS

	Other investments other than loans
	£
Cost
At 28 July 2024	52,452
Additions	235,764
	---------
At 26 July 2025	288,216
	---------
Impairment
At 28 July 2024 and 26 July 2025	–
	---------

Carrying amount
At 26 July 2025	288,216
	---------
At 27 July 2024	52,452
	---------

8. DEBTORS

	26 Jul 25	27 Jul 24
	£	£
Trade debtors	3,976,152	16,669
Amounts owed by group undertakings and undertakings in which the company has a participating interest	4,096,253	28,043,865
Other debtors	2,100,215	3,305,234
	-------------	-------------
	10,172,620	31,365,768
	-------------	-------------

9. CREDITORS: amounts falling due within one year

	26 Jul 25	27 Jul 24
	£	£
Bank loans and overdrafts	–	1,834
Trade creditors	7,139,040	7,842,598
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,518,562	17,913,075
Corporation tax	5,396	–
Social security and other taxes	32,752	70,043
Other creditors	3,921,751	26,426
	-------------	-------------
	12,617,501	25,853,976
	-------------	-------------