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REGISTERED NUMBER: 04991323 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WANDA CREATIVE LIMITED

WANDA CREATIVE LIMITED (REGISTERED NUMBER: 04991323)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WANDA CREATIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs L Brown
C Saumweber





SECRETARY: Mrs L Brown





REGISTERED OFFICE: 50 Seymour Street
London
London
W1H 7JG





REGISTERED NUMBER: 04991323 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

WANDA CREATIVE LIMITED (REGISTERED NUMBER: 04991323)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 34,564 39,253
34,564 39,253

CURRENT ASSETS
Stocks 31,626 -
Debtors 6 259,194 120,477
Cash at bank and in hand 85,104 455,943
375,924 576,420
CREDITORS
Amounts falling due within one year 7 188,410 92,732
NET CURRENT ASSETS 187,514 483,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,078

522,941

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 8 221,928 522,791
SHAREHOLDERS' FUNDS 222,078 522,941

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

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

WANDA CREATIVE LIMITED (REGISTERED NUMBER: 04991323)

BALANCE SHEET - continued
31 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 15 March 2024 and were signed on its behalf by:




C Saumweber - Director



Mrs L Brown - Director


WANDA CREATIVE LIMITED (REGISTERED NUMBER: 04991323)

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


1. STATUTORY INFORMATION

Wanda Creative 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, was being amortised evenly over its estimated useful life of 50 years. Following a review during the year ended 31 October 2018, the directors estimate that the amount be amortised over four years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


WANDA CREATIVE LIMITED (REGISTERED NUMBER: 04991323)

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


2. ACCOUNTING POLICIES - continued
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.

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 14 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 195,000
AMORTISATION
At 1 January 2023
and 31 December 2023 195,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

WANDA CREATIVE LIMITED (REGISTERED NUMBER: 04991323)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 69,305 96,539 165,844
Additions 368 2,274 2,642
At 31 December 2023 69,673 98,813 168,486
DEPRECIATION
At 1 January 2023 60,030 66,561 126,591
Charge for year 1,687 5,644 7,331
At 31 December 2023 61,717 72,205 133,922
NET BOOK VALUE
At 31 December 2023 7,956 26,608 34,564
At 31 December 2022 9,275 29,978 39,253

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 233,722 105,368
Other debtors 25,472 15,109
259,194 120,477

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 15,506 4,029
Tax - 23,422
Social security and other taxes 17,156 29,025
VAT 16,319 2,737
Other creditors 128,854 1,244
Accrued expenses 10,575 32,275
188,410 92,732

WANDA CREATIVE LIMITED (REGISTERED NUMBER: 04991323)

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


8. RESERVES
Retained
earnings
£   

At 1 January 2023 522,791
Deficit for the year (240,863 )
Dividends (60,000 )
At 31 December 2023 221,928

9. RELATED PARTY DISCLOSURES

The company rents two commercial units. One unit is owned by two former directors, M Foley and R Cooke, The other unit is owned by a Self-Invested Pension Plan (SIPP). The company pays a rent, set at an open market value, for each of the units.

Included in other creditors, is an amount of £127,610 provided by an associated company of a director.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Saumweber.

Sacon Holding GMBH, a company registered in Germany, is the immediate parent company and controls Wanda Creative Limited by virtue of its 90% shareholding in the company.