Caseware UK (AP4) 2023.0.135 2023.0.135 true12022-08-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02526081 2022-08-01 2023-07-31 02526081 2021-08-01 2022-07-31 02526081 2023-07-31 02526081 2022-07-31 02526081 c:CompanySecretary1 2022-08-01 2023-07-31 02526081 c:Director1 2022-08-01 2023-07-31 02526081 c:RegisteredOffice 2022-08-01 2023-07-31 02526081 d:Buildings d:LongLeaseholdAssets 2022-08-01 2023-07-31 02526081 d:Buildings d:LongLeaseholdAssets 2023-07-31 02526081 d:Buildings d:LongLeaseholdAssets 2022-07-31 02526081 d:PlantMachinery 2022-08-01 2023-07-31 02526081 d:PlantMachinery 2023-07-31 02526081 d:PlantMachinery 2022-07-31 02526081 d:CurrentFinancialInstruments 2023-07-31 02526081 d:CurrentFinancialInstruments 2022-07-31 02526081 d:Non-currentFinancialInstruments 2023-07-31 02526081 d:Non-currentFinancialInstruments 2022-07-31 02526081 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 02526081 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 02526081 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 02526081 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 02526081 d:ShareCapital 2023-07-31 02526081 d:ShareCapital 2022-07-31 02526081 d:RetainedEarningsAccumulatedLosses 2023-07-31 02526081 d:RetainedEarningsAccumulatedLosses 2022-07-31 02526081 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 02526081 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-07-31 02526081 c:FRS102 2022-08-01 2023-07-31 02526081 c:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 02526081 c:FullAccounts 2022-08-01 2023-07-31 02526081 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 02526081 d:Subsidiary1 2022-08-01 2023-07-31 02526081 d:Subsidiary1 1 2022-08-01 2023-07-31 02526081 2 2022-08-01 2023-07-31 02526081 6 2022-08-01 2023-07-31 02526081 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 02526081









WORLD VIDEO DISTRIBUTION LIMITED







Unaudited

Financial statements

For the year ended 31 July 2023

 
WORLD VIDEO DISTRIBUTION LIMITED
 
 
Company Information


Director
Angela Mary Connaughton 




Company secretary
Angela Mary Connaughton



Registered number
02526081



Registered office
29 Weavers Way
Elm Village

Camden

London

NW1 0XF




Accountants
Ashon
Chartered Accountants

125 Knoll Crescent

Northwood

Middlesex

HA6 1HX





 
WORLD VIDEO DISTRIBUTION LIMITED
 
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of WORLD VIDEO DISTRIBUTION LIMITED for the year ended 31 July 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of WORLD VIDEO DISTRIBUTION LIMITED for the year ended 31 July 2023 which comprise the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of WORLD VIDEO DISTRIBUTION LIMITED in accordance with the terms of our engagement letter dated 15 April 2019Our work has been undertaken solely to prepare for your approval the financial statements of WORLD VIDEO DISTRIBUTION LIMITED and state those matters that we have agreed to state to the director of WORLD VIDEO DISTRIBUTION LIMITED in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WORLD VIDEO DISTRIBUTION LIMITED and its director for our work or for this report. 

It is your duty to ensure that WORLD VIDEO DISTRIBUTION LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of WORLD VIDEO DISTRIBUTION LIMITED. You consider that WORLD VIDEO DISTRIBUTION LIMITED is exempt from the statutory audit requirement for the year.

  



Ashon
Chartered Accountants
125 Knoll Crescent
Northwood
Middlesex
HA6 1HX
29 July 2024
Page 1

 
WORLD VIDEO DISTRIBUTION LIMITED
Registered number: 02526081

Statement of financial position
As at 31 July 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
54,830
54,830

Investments
 5 
2
2

  
54,832
54,832

Current assets
  

Debtors: amounts falling due after more than one year
 6 
663,000
679,875

Debtors: amounts falling due within one year
 6 
13,574
8,228

Cash at bank and in hand
 7 
6,654
2,946

  
683,228
691,049

Creditors: amounts falling due within one year
 8 
(35,676)
(43,512)

Net current assets
  
 
 
647,552
 
 
647,537

Total assets less current liabilities
  
702,384
702,369

Creditors: amounts falling due after more than one year
 9 
(500,000)
(500,000)

  

Net assets
  
202,384
202,369


Capital and reserves
  

Called up share capital 
  
52
52

Profit and loss account
  
202,332
202,317

  
202,384
202,369


Page 2

 
WORLD VIDEO DISTRIBUTION LIMITED
Registered number: 02526081
    
Statement of financial position (continued)
As at 31 July 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2024.




................................................
Angela Mary Connaughton
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
WORLD VIDEO DISTRIBUTION LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 July 2023

1.


General information

World Video Distribution 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.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 4

 
WORLD VIDEO DISTRIBUTION LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 July 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
N/A
Plant and machinery
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
WORLD VIDEO DISTRIBUTION LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 July 2023

2.Accounting policies (continued)

 
2.10

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
WORLD VIDEO DISTRIBUTION LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 July 2023

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 August 2022
11,795
43,035
54,830



At 31 July 2023

11,795
43,035
54,830






Net book value



At 31 July 2023
11,795
43,035
54,830



At 31 July 2022
11,795
43,035
54,830

Page 7

 
WORLD VIDEO DISTRIBUTION LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 July 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2022
2



At 31 July 2023
2





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

Event Technology Limited
Ordinary
100%

The aggregate of the share capital and reserves as at 31 July 2023 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:

Name
Aggregate of share capital and reserves

Event Technology Limited
2

Page 8

 
WORLD VIDEO DISTRIBUTION LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 July 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Due from associated undertaking
663,000
679,875

663,000
679,875


2023
2022
£
£

Due within one year

Trade debtors
3,953
4,803

Other debtors
721
25

Prepayments and accrued income
8,900
3,400

13,574
8,228



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
6,654
2,946

6,654
2,946



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
4,581
-

Amounts owed to group undertakings
1
1

Corporation tax
4
145

Other creditors
29,590
41,366

Accruals and deferred income
1,500
2,000

35,676
43,512


Page 9

 
WORLD VIDEO DISTRIBUTION LIMITED
 
 
 
Notes to the financial statements
For the year ended 31 July 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
500,000
500,000

500,000
500,000


Other creditors relate to amounts due to the directors.


10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
6,654
2,946




11.


Related party transactions

The company owes £1 (2022: £1) to its wholly owned subsidiary, Event Technology Limited. 
 
The directors are also directors and shareholders of Roller Nation Limited and Roller Nation Holdings Limited. The company is owed £663,000 (2022: £679,875) by the Roller Nation Group.

 
Page 10