Locustworld Holdings LTD

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 08537110

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		1,850		1,850

			1,850		1,850
CURRENT ASSETS
Debtors	5	1,298		1,347

		1,298		1,347
Creditors: Amounts Falling Due Within One Year	6	(2,345 )		(2,345 )

NET CURRENT ASSETS (LIABILITIES)			(1,047 )		(998 )

TOTAL ASSETS LESS CURRENT LIABILITIES			803		852

NET ASSETS			803		852

CAPITAL AND RESERVES
Called up share capital	7		730		730
Income Statement			73		122

SHAREHOLDERS' FUNDS			803		852

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Locustworld Holdings LTD

Statement of Financial Position (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

The financial statements were approved by the board of directors on 17 September 2026 and were signed on its behalf by:

R Lander

Director

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Locustworld Holdings LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08537110 . The registered office is Second Floor, Curzon House, 24 High Street, Banstead, Surrey, SM7 2LJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes licence and management fees receivable from the company's subsidiaries. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Locustworld Holdings LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Investments in subsidaries

Investments in subsidiary undertakings are recognised at cost.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2025: NIL)

4. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2025	1,850

As at 31 March 2026	1,850

Provision
As at 1 April 2025	-

As at 31 March 2026	-

Net Book Value
As at 31 March 2026	1,850

As at 1 April 2025	1,850

5. Debtors

	2026	2025
	£	£
Due within one year
Deferred tax current asset	-	34
Amounts owed by group undertakings	1,298	1,313

	1,298	1,347

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Accruals and deferred income	1,225	1,225
Amounts owed to group undertakings	1,120	1,120

	2,345	2,345

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Locustworld Holdings LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	730	730

8. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	10,001	-

9. Related Party Transactions

Locustworld Holdings Limited owns both Locustworld Limited and Locustworld Bissau SARL. During the year under review the company received licence fees of £36,100 (2025: £33,100) and made purchases of £33,900 (2025: £30,900) from Locustworld Limited.

At the balance sheet date, the amounts outstanding were as follows:

	2026		2025
	Due from	Due to	Due from	Due to
	£	£	£	£

Locustworld Limited	1,298	-	1,313	-
Locustworld Bissau, SARL	-	1,120	-	1,120
	1,298	1,120	1,313	1,120

10. Ultimate Controlling Party

The company's ultimate controlling party is the directors.

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