| REGISTERED NUMBER: |
| Worldcrest Limited |
| Unaudited Financial Statements |
| for the Period 1 April 2025 to 30 June 2026 |
| REGISTERED NUMBER: |
| Worldcrest Limited |
| Unaudited Financial Statements |
| for the Period 1 April 2025 to 30 June 2026 |
| Worldcrest Limited (Registered number: 01340417) |
| Contents of the Financial Statements |
| for the period 1 April 2025 to 30 June 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Worldcrest Limited |
| Company Information |
| for the period 1 April 2025 to 30 June 2026 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 28 Eaton Avenue |
| Matrix Office Park |
| Buckshaw Village |
| Chorley |
| Lancashire |
| PR7 7NA |
| Worldcrest Limited (Registered number: 01340417) |
| Balance Sheet |
| 30 June 2026 |
| 2026 | 2025 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Investments | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Fair value reserve | 13 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Worldcrest Limited (Registered number: 01340417) |
| Balance Sheet - continued |
| 30 June 2026 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Worldcrest Limited (Registered number: 01340417) |
| Notes to the Financial Statements |
| for the period 1 April 2025 to 30 June 2026 |
| 1. | STATUTORY INFORMATION |
| Worldcrest Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The amounts in the financial statements have been rounded to the nearest £1. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going Concern |
| The accounts have been prepared on the break up basis as the directors do not consider the company to be a going concern. Fixed and current assets have been written down to their estimated net realisable values. |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| In accordance with Financial Reporting Standard 102, the company's properties are held for long-term investment and are included in the Balance Sheet at their fair values. Any surplus or deficit on revaluation of such properties is transferred to the fair value reserve net of deferred tax. Depreciation is not provided in respect of freehold investment properties. This policy represents a departure from the requirements of the Companies Act, which requires depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements 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. |
| Financial instruments |
| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest. |
| Worldcrest Limited (Registered number: 01340417) |
| Notes to the Financial Statements - continued |
| for the period 1 April 2025 to 30 June 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the period 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 period 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2025 |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 30 June 2026 |
| DEPRECIATION |
| At 1 April 2025 |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 30 June 2026 |
| NET BOOK VALUE |
| At 30 June 2026 |
| At 31 March 2025 |
| Worldcrest Limited (Registered number: 01340417) |
| Notes to the Financial Statements - continued |
| for the period 1 April 2025 to 30 June 2026 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2025 |
| Disposals | ( |
) |
| At 30 June 2026 |
| NET BOOK VALUE |
| At 30 June 2026 |
| At 31 March 2025 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2025 |
| Additions |
| Disposals | ( |
) |
| Impairments | (20,000 | ) |
| Reclassification/transfer | (180,000 | ) |
| At 30 June 2026 |
| NET BOOK VALUE |
| At 30 June 2026 |
| At 31 March 2025 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' current accounts | 3,500 | - |
| VAT |
| 8. | CURRENT ASSET INVESTMENTS |
| 2026 | 2025 |
| £ | £ |
| Other |
| Included in Current Investments is an investment property with a valuation of £180,000. |
| If the investment property had not been revalued it would have been included at a historical cost of £43,625. |
| The investment property was valued on an open market basis on 11 April 2026 by Lea Hough Chartered Surveyors. |
| Worldcrest Limited (Registered number: 01340417) |
| Notes to the Financial Statements - continued |
| for the period 1 April 2025 to 30 June 2026 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Social security and other taxes |
| VAT | - | 4,074 |
| Other creditors |
| Accruals and deferred income |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Amounts owing to group |
| undertakings |
| 11. | PROVISIONS FOR LIABILITIES |
| 2026 | 2025 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred tax |
| £ |
| Balance at 1 April 2025 |
| Movement in year | (30,502 | ) |
| Balance at 30 June 2026 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2026 | 2025 |
| value: | £ | £ |
| Ordinary A | £1 | 210,000 | 210,000 |
| Ordinary B | £1 | 165,000 | 165,000 |
| 375,000 | 375,000 |
| 13. | RESERVES |
| Fair value |
| reserve |
| £ |
| At 1 April 2025 |
| Trf from reserves | (108,898 | ) |
| Property revaluations | (20,000 | ) |
| At 30 June 2026 |
| Worldcrest Limited (Registered number: 01340417) |
| Notes to the Financial Statements - continued |
| for the period 1 April 2025 to 30 June 2026 |
| 14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 30 June 2026 and the year ended 31 March 2025: |
| 2026 | 2025 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| During the period, a loan of £3,500 was advanced to a director. The loan is interest free and repayable on demand. |
| 15. | RELATED PARTY DISCLOSURES |
| In the opinion of the directors the company is controlled by the directors. |