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REGISTERED NUMBER: 09437273 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Worldwide Production Agency UK Limited

Worldwide Production Agency UK Limited (Registered number: 09437273)

Contents of the Financial Statements
for the Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Worldwide Production Agency UK Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: F Balkin
S Jacob
B Laws





SECRETARY: B Laws





REGISTERED OFFICE: St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN





REGISTERED NUMBER: 09437273 (England and Wales)





ACCOUNTANTS: Clay GBP Ltd
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN

Worldwide Production Agency UK Limited (Registered number: 09437273)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,969 5,102

CURRENT ASSETS
Debtors 5 477,062 432,448
Cash at bank 207,216 334,413
684,278 766,861
CREDITORS
Amounts falling due within one year 6 566,869 595,601
NET CURRENT ASSETS 117,409 171,260
TOTAL ASSETS LESS CURRENT LIABILITIES 126,378 176,362

CREDITORS
Amounts falling due after more than one year 7 35,000 44,000
NET ASSETS 91,378 132,362

CAPITAL AND RESERVES
Called up share capital 8 79 79
Retained earnings 91,299 132,283
SHAREHOLDERS' FUNDS 91,378 132,362

Worldwide Production Agency UK Limited (Registered number: 09437273)

Balance Sheet - continued
31 December 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by:





B Laws - Director


Worldwide Production Agency UK Limited (Registered number: 09437273)

Notes to the Financial Statements
for the Year Ended 31 December 2021


1. STATUTORY INFORMATION

Worldwide Production Agency UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's place of business is 26 Berwick Street, London, W1F 8RG.

2. ACCOUNTING POLICIES

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

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, sales returns, rebates and discounts.

Revenue is recognised on the provision of services. Where not all services have been rendered, revenue is recognised based upon the period lapsed compared with total period of the project.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of a company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expense in the income statement.

Financial assets and liabilities
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs).

Trade debtors
Trade debtors are recognised initially at transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for 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 receivable.

Trade creditors
Trade creditors 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 amounts falling due after more than one year.

Equity instruments
Equity instruments are measured at the fair value of the cash or other resources transferred or transferrable, net of the direct costs of issuing or receiving the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement 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.

Worldwide Production Agency UK Limited (Registered number: 09437273)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 8,743
Additions 5,380
At 31 December 2021 14,123
DEPRECIATION
At 1 January 2021 3,641
Charge for year 1,513
At 31 December 2021 5,154
NET BOOK VALUE
At 31 December 2021 8,969
At 31 December 2020 5,102

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 451,435 407,517
Other debtors 25,627 24,931
477,062 432,448

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 11,164 6,000
Trade creditors 454,341 444,718
Amounts owed to group undertakings - 21,968
Taxation and social security 74,367 67,667
Other creditors 26,997 55,248
566,869 595,601

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 35,000 44,000

Worldwide Production Agency UK Limited (Registered number: 09437273)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021


8. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
108 Ordinary A $1 71 71
12 Ordinary B $1 8 8
79 79

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

2021 2020
£    £   
B Laws
Balance outstanding at start of year - 358
Amounts advanced - 153
Amounts repaid - (511 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -