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REGISTERED NUMBER: 12096116 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

YUME WORLD (NEWCASTLE) LTD

YUME WORLD (NEWCASTLE) LTD (REGISTERED NUMBER: 12096116)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YUME WORLD (NEWCASTLE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: P Byrne
J Kalmar
J T H Sullivan





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





REGISTERED NUMBER: 12096116 (England and Wales)





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

YUME WORLD (NEWCASTLE) LTD (REGISTERED NUMBER: 12096116)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 9,970 9,350
Tangible assets 5 201,920 166,142
211,890 175,492

CURRENT ASSETS
Stocks 12,749 8,250
Debtors 6 458,622 139,306
Cash at bank and in hand 90,696 180,802
562,067 328,358
CREDITORS
Amounts falling due within one year 7 (1,083,701 ) (840,147 )
NET CURRENT LIABILITIES (521,634 ) (511,789 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(309,744

)

(336,297

)

CREDITORS
Amounts falling due after more than one
year

8

(109,692

)

(114,699

)
NET LIABILITIES (419,436 ) (450,996 )

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Share premium 300,000 300,000
Retained earnings (729,436 ) (760,996 )
SHAREHOLDERS' FUNDS (419,436 ) (450,996 )

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

The members have not required the company to obtain an audit of its financial statements for the year 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 (NEWCASTLE) LTD (REGISTERED NUMBER: 12096116)

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 (NEWCASTLE) LTD (REGISTERED NUMBER: 12096116)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Yume World (Newcastle) 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.

These financial statements have been prepared on a going concern basis.

As at the balance sheet date the company had negative shareholders funds of £419,436 as a result of losses suffered during periods of closure due to Government imposed lockdowns from the worldwide COVID 19 pandemic.

The Directors have considered numerous scenarios to consider the possible further impacts on the business and its ability to continue as a going concern. While the Directors accept there are inherent uncertainties on the business they are satisfied that, based on their assessment of the future possible impacts and their plans to deal with them, the company will continue as a going concern and therefore this is a valid basis for the preparation of the financial statements.

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

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.

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

Website is being amortised evenly over its estimated useful life of five 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 10 years
Plant and machinery - Straight line over 5 years and Straight line over 3 years
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

YUME WORLD (NEWCASTLE) LTD (REGISTERED NUMBER: 12096116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 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 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.

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.

YUME WORLD (NEWCASTLE) LTD (REGISTERED NUMBER: 12096116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Licences Website Totals
£    £    £   
COST
At 1st January 2023 9,900 - 9,900
Additions - 4,800 4,800
At 31st December 2023 9,900 4,800 14,700
AMORTISATION
At 1st January 2023 550 - 550
Amortisation for year 3,300 880 4,180
At 31st December 2023 3,850 880 4,730
NET BOOK VALUE
At 31st December 2023 6,050 3,920 9,970
At 31st December 2022 9,350 - 9,350

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1st January 2023 236,335 59,768 37,384 333,487
Additions - 76,211 1,194 77,405
Disposals (311 ) (57,064 ) - (57,375 )
At 31st December 2023 236,024 78,915 38,578 353,517
DEPRECIATION
At 1st January 2023 73,359 59,393 34,593 167,345
Charge for year 23,529 15,618 2,169 41,316
Eliminated on disposal - (57,064 ) - (57,064 )
At 31st December 2023 96,888 17,947 36,762 151,597
NET BOOK VALUE
At 31st December 2023 139,136 60,968 1,816 201,920
At 31st December 2022 162,976 375 2,791 166,142

YUME WORLD (NEWCASTLE) LTD (REGISTERED NUMBER: 12096116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,000 6,817
Other debtors 455,622 132,489
458,622 139,306

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 51,681 57,841
Hire purchase contracts (see note 9) 25,403 -
Trade creditors 332,315 421,629
Taxation and social security 19,926 47,963
Other creditors 654,376 312,714
1,083,701 840,147

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 84,289 114,699
Hire purchase contracts (see note 9) 25,403 -
109,692 114,699

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 25,403 -
Between one and five years 25,403 -
50,806 -

Non-cancellable operating leases
2023 2022
£    £   
In more than five years 1,307,758 1,437,758

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000

YUME WORLD (NEWCASTLE) LTD (REGISTERED NUMBER: 12096116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

11. RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

Loans to related parties

Party 2023 2022 Relationship
£ £
Yume World (Durham) Limited 291,623 - Common parent company
Yume World (Services) Limited 17,540 - Common parent company

Loans from related parties

Party 2023 2022 Relationship
£ £
Yume World Group Limited 480,600 180,600 Parent company