IRIS Accounts Production v24.2.0.383 14809219 Board of Directors 17.4.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh148092192023-04-16148092192023-12-31148092192023-04-172023-12-31148092192023-04-1614809219ns15:EnglandWales2023-04-172023-12-3114809219ns14:PoundSterling2023-04-172023-12-3114809219ns10:Director12023-04-172023-12-3114809219ns10:PrivateLimitedCompanyLtd2023-04-172023-12-3114809219ns10:SmallEntities2023-04-172023-12-3114809219ns10:AuditExempt-NoAccountantsReport2023-04-172023-12-3114809219ns10:SmallCompaniesRegimeForDirectorsReport2023-04-172023-12-3114809219ns10:SmallCompaniesRegimeForAccounts2023-04-172023-12-3114809219ns10:FullAccounts2023-04-172023-12-311480921912023-04-172023-12-3114809219ns10:OrdinaryShareClass12023-04-172023-12-3114809219ns10:OrdinaryShareClass112023-04-172023-12-3114809219ns10:Director22023-04-172023-12-3114809219ns10:RegisteredOffice2023-04-172023-12-3114809219ns5:CurrentFinancialInstruments2023-12-3114809219ns5:Non-currentFinancialInstruments2023-12-3114809219ns5:ShareCapital2023-12-3114809219ns5:RetainedEarningsAccumulatedLosses2023-12-3114809219ns5:IntangibleAssetsOtherThanGoodwill2023-04-172023-12-3114809219ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-04-172023-12-3114809219ns5:LeaseholdImprovements2023-04-172023-12-3114809219ns5:PlantMachinery2023-04-172023-12-3114809219ns5:FurnitureFittings2023-04-172023-12-3114809219ns5:ComputerEquipment2023-04-172023-12-3114809219ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-3114809219ns5:LeaseholdImprovements2023-12-3114809219ns5:PlantMachinery2023-12-3114809219ns5:FurnitureFittings2023-12-3114809219ns5:ComputerEquipment2023-12-3114809219ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3114809219ns10:OrdinaryShareClass12023-12-3114809219ns5:RetainedEarningsAccumulatedLosses2023-04-172023-12-31
REGISTERED NUMBER: 14809219 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

17TH APRIL 2023 TO 31ST DECEMBER 2023

FOR

YUME WORLD (DURHAM) LTD

YUME WORLD (DURHAM) LTD (REGISTERED NUMBER: 14809219)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 17TH APRIL 2023 TO 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YUME WORLD (DURHAM) LTD

COMPANY INFORMATION
FOR THE PERIOD 17TH APRIL 2023 TO 31ST DECEMBER 2023







DIRECTORS: P Byrne
J T H Sullivan





REGISTERED OFFICE: Unit 16, Roundhouse Court
Barnes Wallis Way
Buckshaw Village
Chorley
Lancashire
PR7 7JN





REGISTERED NUMBER: 14809219 (England and Wales)





ACCOUNTANTS: ESW Chartered Accountants
162-164 High Street
Rayleigh
Essex
SS6 7BS

YUME WORLD (DURHAM) LTD (REGISTERED NUMBER: 14809219)

BALANCE SHEET
31ST DECEMBER 2023

Notes £   
FIXED ASSETS
Intangible assets 4 4,226
Tangible assets 5 301,909
306,135

CURRENT ASSETS
Debtors 6 216,529
Cash in hand 100
216,629
CREDITORS
Amounts falling due within one year 7 (398,203 )
NET CURRENT LIABILITIES (181,574 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,561

CREDITORS
Amounts falling due after more than one
year

8

(154,629

)
NET LIABILITIES (30,068 )

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings 10 (30,168 )
SHAREHOLDERS' FUNDS (30,068 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 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.

YUME WORLD (DURHAM) LTD (REGISTERED NUMBER: 14809219)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 19th August 2024 and were signed on its behalf by:





J T H Sullivan - Director


YUME WORLD (DURHAM) LTD (REGISTERED NUMBER: 14809219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 17TH APRIL 2023 TO 31ST DECEMBER 2023

1. STATUTORY INFORMATION

YuMe World (Durham) Ltd 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

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Branding are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 15 years
Plant and machinery - Straight line over 5 years
Fixtures and fittings - Straight line over 5 years
Computer equipment - Straight line over 3 years

Capital grants
Grants received as a contribution towards capital expenditure are released to the profit and loss account over the useful economic life of the underlying asset as in accordance with FRS102 Section 24.

YUME WORLD (DURHAM) LTD (REGISTERED NUMBER: 14809219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17TH APRIL 2023 TO 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised 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 trade and other 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.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and bank loans, 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.

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

Equity instruments
Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the period 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 period 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 period was 4 .

YUME WORLD (DURHAM) LTD (REGISTERED NUMBER: 14809219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17TH APRIL 2023 TO 31ST DECEMBER 2023

4. BRANDING
Branding
£   
COST
Additions 4,517
At 31st December 2023 4,517
AMORTISATION
Amortisation for period 291
At 31st December 2023 291
NET BOOK VALUE
At 31st December 2023 4,226

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
Additions 207,075 79,675 18,700 1,194 306,644
At 31st December 2023 207,075 79,675 18,700 1,194 306,644
DEPRECIATION
Charge for period 1,734 2,656 312 33 4,735
At 31st December 2023 1,734 2,656 312 33 4,735
NET BOOK VALUE
At 31st December 2023 205,341 77,019 18,388 1,161 301,909

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 216,529

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 91,738
Social security and other taxes 981
Other creditors 291,623
Accruals and deferred income 2,750
Deferred grants 11,111
398,203

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Deferred grants 154,629

YUME WORLD (DURHAM) LTD (REGISTERED NUMBER: 14809219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17TH APRIL 2023 TO 31ST DECEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1.00 100

100 Ordinary shares of £1.00 were issued during the period for cash of £ 100 .

10. RESERVES
Retained
earnings
£   

Deficit for the period (30,168 )
At 31st December 2023 (30,168 )

11. RELATED PARTY DISCLOSURES

Other creditors include a loan due to Yume World (Newcastle) Limited, being a company under common control. The amount due at the balance sheet date amounted to £291,623.