Welbooks Limited


Directors	Nabila Al Fargani
	Ghassan Mohammed Fergiani


Company Secretary	BENTALEB, Adel


Registered Address	277 West End Lane
	London
	NW6 1QS


Registered Number	02917470 (England and Wales)

Balance Sheet as at
24 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		429,216		129,945
			429,216		129,945
Current assets
Stocks		215,372		232,948
Debtors	4	20,274		40,514
Cash at bank and on hand		306,214		191,078
		541,860		464,540
Creditors amounts falling due within one year	5	(95,239)		(56,646)
Net current assets (liabilities)			446,621		407,894
Total assets less current liabilities			875,837		537,839
Creditors amounts falling due after one year	6		(513,403)		(299,421)
Provisions for liabilities	8		(9,503)		(2,813)
Net assets			352,931		235,605
Capital and reserves
Called up share capital			400,000		400,000
Profit and loss account			(47,069)		(164,395)
Shareholders' funds			352,931		235,605

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 18 September 2026, and are signed on its behalf by:

Ghassan Mohammed Fergiani
Director
Registered Company No. 02917470

Welbooks Limited

Notes to the Financial Statements
for the year ended 24 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The presentation currency of the financial statements is the Pound Sterling (£).

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Leasehold building held and used in the Company's own activities for production and supply of goods or for administration purposes are stated in the statement of financial position at their cost. Right of use assets are capitalised at net present value including legal and other costs relating to those assets. There were no estimated restoration costs and no lease incentives paid. Amortisation on cost of long leasehold buildings is charged to profit and loss over the remaining period of 82 years on a straight line basis. Whereas, amortisation on cost of short leasehold buildings (under right of use) are charged to profit and loss over the remaining period of 10 years on a straight line basis.

Tangible fixed assets and depreciation

Leasehold building held and used in the Company's own activities for production and supply of goods or for administration purposes are stated in the statement of financial position at their cost. Right of use assets are capitalised at net present value including legal and other costs relating to those assets. There were no estimated restoration costs and no lease incentives paid.

Amortisation on cost of long leasehold buildings is charged to profit and loss over the remaining period of 82 years on a straight line basis. Whereas, amortisation on cost of short leasehold buildings (under right of use) are charged to profit and loss over the remaining period of 10 years on a straight line basis.


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	25	-
Office Equipment	-	25

	Stocks and work in progress
	Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	13		13

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 25 December 24	190,880
	Additions	333,057
	At 24 December 25	523,937
	Depreciation and impairment
	At 25 December 24	60,935
	Charge for year	33,786
	At 24 December 25	94,721
	Net book value
	At 24 December 25	429,216
	At 24 December 24	129,945

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	14,474	40,514
Prepayments and accrued income	5,800	-
Total	20,274	40,514

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	50,774	51,692
Taxation and social security	16,692	-
Other creditors	23,773	1,434
Accrued liabilities and deferred income	4,000	3,520
Total	95,239	56,646

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	513,403	299,421
Total	513,403	299,421

7.	Obligations under finance leases
	Lease liabilities included within other creditors for right of use assets were as follows. £ Due within one year 22,009 Due over one year 237,806 The amortisation charge for the year for the right of use assests was £15,655.

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	9,503	2,813
Total	9,503	2,813

9.	Related party transactions
	Darf Publishers Limited - a related company by virtue of common control At the balance sheet date, the company was owed £0 (2024- £14,500) by the related party. The loan was fully written off during the year. Eleven Stars Investments Inc - a related company by virtue of common control During the period, the company paid rent of £20,000 (2024- £18,000) to the related entity. At the balance sheet date, the company owed £Nil (2024- £Nil) to the related entity. Shareholders loan Other creditors due over one year include £275,598 (2024- £299,421) owed to the shareholders, which is an interest free loan repayable over one year.

Related party transactions

Darf Publishers Limited - a related company by virtue of common control
At the balance sheet date, the company was owed £0 (2024- £14,500) by the related party. The loan was fully written off during the year.

Eleven Stars Investments Inc - a related company by virtue of common control
During the period, the company paid rent of £20,000 (2024- £18,000) to the related entity. At the balance sheet date, the company owed £Nil (2024- £Nil) to the related entity.

Shareholders loan
Other creditors due over one year include £275,598 (2024- £299,421) owed to the shareholders, which is an interest free loan repayable over one year.