Registration number: 05436039

World Franchise Council

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

World Franchise Council

Company Information

Directors

P J Wilkins A I Gray C M Oude Reimer

Registered office

Victoria House 26 Queen Victoria Street Reading Berkshire United Kingdom RG1 1TG

Accountants

Vale & West Accountancy Services Limited Chartered AccountantsVictoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

World Franchise Council

(Registration number: 05436039)
Balance Sheet as at 31 December 2025

	Note	31 December 2025 USD	31 December 2024 USD
Current assets
Debtors	4	14,160	7,811
Cash at bank and in hand		177,310	171,354
		191,470	179,165
Creditors: Amounts falling due within one year	5	(2,008)	(6,712)
Net assets		189,462	172,453
Reserves
Retained surplus		189,462	172,453
Members' funds		189,462	172,453

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income and Expenditure Account.

Approved and authorised by the Board on 6 October 2026 and signed on its behalf by:
 

P J Wilkins Director

World Franchise Council

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding USD1 towards the assets of the company in the event of liquidation.

The address of its registered office is Victoria House, 26 Queen Victoria Street, Reading, Berkshire, RG1 1TG, United Kingdom.

The principal place of business is Milton Park Innovation Centre, 99 Park Drive, Milton Park, Abingdon, Oxfordshire, OX14 4RY, United Kingdom.

These financial statements were authorised for issue by the Board on 6 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in the US Dollar ($) which is also the functional currency of the company.

Going concern

The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

Revenue recognition

Revenue (described as turnover) is measured at the fair value of the consideration received or receivable.
Revenue from membership subscriptions are recognised on a straight-line basis over the subscription period
to reflect the timing, nature and value of the benefits provided.

Foreign currency transactions and balances

Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

World Franchise Council

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Tax

As a mutual membership organisation, the operating surplus or deficit arising from transactions with members is tax exempt.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from members for subscription.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4

Debtors

Current	31 December 2025 USD	31 December 2024 USD
Trade debtors	6,004	712
Other debtors	8,156	7,099
	14,160	7,811

World Franchise Council

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

5

Creditors

Creditors: amounts falling due within one year

	31 December 2025 USD	31 December 2024 USD
Due within one year
Trade creditors	-	1,600
Taxation and social security	-	8
Accruals and deferred income	2,008	5,104
	2,008	6,712