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REGISTERED NUMBER: 05586076 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

WARBECK HOLDINGS LIMITED

WARBECK HOLDINGS LIMITED (REGISTERED NUMBER: 05586076)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WARBECK HOLDINGS LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: K J Shalit
J S Shalit OBE





REGISTERED OFFICE: 33 Great Pulteney Street
London
W1F 9NP





REGISTERED NUMBER: 05586076 (England and Wales)





ACCOUNTANTS: Primera Accountants Limited
First Floor
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX

WARBECK HOLDINGS LIMITED (REGISTERED NUMBER: 05586076)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Investments 4 267,050 172,050

CURRENT ASSETS
Debtors 5 168,482 90,594
Cash at bank 37,675 98,627
206,157 189,221
CREDITORS
Amounts falling due within one year 6 (464,069 ) (215,385 )
NET CURRENT LIABILITIES (257,912 ) (26,164 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,138

145,886

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 9,137 145,885
SHAREHOLDERS' FUNDS 9,138 145,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 23 January 2024 and were signed on its behalf by:





J S Shalit OBE - Director


WARBECK HOLDINGS LIMITED (REGISTERED NUMBER: 05586076)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Warbeck Holdings 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Warbeck Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company has elected to apply the provisions of Schedule 1A of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and
preference shares that are classified as debt, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


WARBECK HOLDINGS LIMITED (REGISTERED NUMBER: 05586076)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation
Taxation for the year 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 year 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 year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022 172,050
Additions 95,000
At 30 June 2023 267,050
NET BOOK VALUE
At 30 June 2023 267,050
At 30 June 2022 172,050

WARBECK HOLDINGS LIMITED (REGISTERED NUMBER: 05586076)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Chosen Music Limited
Registered office: 1st Floor, Malvern House, 15-16 Nassau Street, London, Uk, England, W1W 7AB
Nature of business: Support activities to performing arts
%
Class of shares: holding
Ordinary 50.00
30.6.23 30.6.22
£    £   
Aggregate capital and reserves (30,447 ) (13,364 )
Profit/(loss) for the year 108,917 (184,418 )

Intertalent Rights Limited
Registered office: 1st Floor, Malvern House, 15-16 Nassau Street, London, Uk, England, W1W 7AB
Nature of business: Support activities to performing arts
%
Class of shares: holding
Ordinary 100.00
30.6.23 30.6.22
£    £   
Aggregate capital and reserves 8,718 3,727
Profit for the year 7,978 260,467

Intertalent Limited
Registered office: 1st Floor Malvern House, 15-16 Nassau Street, London, England, W1W 7AB
Nature of business: Motion picture, television and other
%
Class of shares: holding
Ordinary 60.00
30.6.23 30.6.22
£    £   
Aggregate capital and reserves 855,187 608,152
Profit for the year 235,035 119,732

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors - 68,172
Amounts owed by group undertakings 1,700 1,700
Other debtors 166,782 20,722
168,482 90,594

WARBECK HOLDINGS LIMITED (REGISTERED NUMBER: 05586076)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 31,717 41,629
Trade creditors 14,728 14,119
Amounts owed to group undertakings 246,511 11,019
Taxation and social security 170,269 146,775
Other creditors 844 1,843
464,069 215,385

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1 Ordinary 1 1 1

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
J S Shalit OBE
Balance outstanding at start of year (997 ) (997 )
Amounts advanced 653,372 -
Amounts repaid (490,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 162,375 (997 )

Interest of £3,200 has been charged at the official HM Revenue & Customs rate.

This balance was repaid after the balance sheet date.

9. RELATED PARTY DISCLOSURES

Included within debtors amount falling due within one year, is an amount of £1,700 (2022 - £1,700) due a to related party.

Included within creditors amount falling due within one year, is an amount of £246,511(2022 - £11,019) due to related companies

These balances arose due to financing transactions in the year.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J S Shalit OBE.