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REGISTERED NUMBER: 09040317 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

WORLD MSE LIMITED

WORLD MSE LIMITED (REGISTERED NUMBER: 09040317)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WORLD MSE LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M Flammini





REGISTERED OFFICE: 38 Craven Street
London
WC2N 5NG





REGISTERED NUMBER: 09040317 (England and Wales)





ACCOUNTANTS: B&P Tax Legal Finance LLP
38 Craven Street
London
WC2N 5NG

WORLD MSE LIMITED (REGISTERED NUMBER: 09040317)

Balance Sheet
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 1,961
Investments 5 7,168 7,168
7,168 9,129

CURRENT ASSETS
Debtors 6 - 5,904
Cash at bank 7,568 4,728
7,568 10,632
CREDITORS
Amounts falling due within one year 7 (497,273 ) (542,746 )
NET CURRENT LIABILITIES (489,705 ) (532,114 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(482,537

)

(522,985

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (482,637 ) (523,085 )
(482,537 ) (522,985 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WORLD MSE LIMITED (REGISTERED NUMBER: 09040317)

Balance Sheet - continued
31 MARCH 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 director and authorised for issue on 2 September 2024 and were signed by:





M Flammini - Director


WORLD MSE LIMITED (REGISTERED NUMBER: 09040317)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

World MSE 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

Going concern
The Company's shareholder has confirmed that it will continue to provide the financial resources necessary for the Company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements. Therefore the director considers it appropriate that the financial statements are prepared on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixture & Fittings 20% on cost
Plant and Machinery 33.33% on cost

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.

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.

Government grants
Coronavirus job retention scheme
The Coronavirus Job Retention Scheme (CJRS) results in cash payments from government to compensate
employers for part of the wages, associated national insurance contributions (NICs) and employer pension
contributions of employees who have been placed on furlough.
The company has chosen to account for CJRS government grant by adopting the accrual model under Section 24 of FRS 102. Revenues have been recognised as income on a systematic basis over the periods in which the entity has recognised the related costs for which the grant was intended to compensate.

Financial assets
The company's financial assets comprise basic financial instruments, being trade and other receivables, amounts owed by group undertakings, cash and bank balances.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of no more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade, other receivable and amounts owed by group undertakings are measured at transaction price less any impairment. Any impairment loss is recognised in the Profit and Loss.

Financial assets are derecognised when contractual rights to the cash flows from the financial asset expires or are settled, or when substantially all the risks and rewards of ownership have been transferred.

WORLD MSE LIMITED (REGISTERED NUMBER: 09040317)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Financial liabilities
The company's financial liabilities comprise of basic financial liabilities, including trade and other payables. These are initially recognised at transaction price.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled, or expires.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 21,280
DEPRECIATION
At 1 April 2022 19,319
Charge for year 1,961
At 31 March 2023 21,280
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 1,961

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 7,168
NET BOOK VALUE
At 31 March 2023 7,168
At 31 March 2022 7,168

WORLD MSE LIMITED (REGISTERED NUMBER: 09040317)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 5,904

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 20,764
Amounts owed to group undertakings 446,363 415,599
Taxation and social security - 6,406
Other creditors 50,910 99,977
497,273 542,746

8. RELATED PARTY DISCLOSURES

The amount due to the director at the end of the year was £36,680 (2022: £36,680).

At the end of the year, a loan balance of £442,762 (2022: £411,999) was owed to the company's sole shareholder, Emmer-e Group Limited. No interest is payable on this balance.The loan is payable on demand.

At the end of the year, a loan balance of £3,600 (2022: £3,600) was owed to Emme-e High Tech Holding Ltd. No interest is payable on this balance.The loan is payable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms Eleonora Flammini.