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REGISTERED NUMBER: 02011819 (England and Wales)

















SESSIONWORLD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






SESSIONWORLD LIMITED (REGISTERED NUMBER: 02011819)






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


SESSIONWORLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: G H Durham





SECRETARY: Sektrust Services





REGISTERED OFFICE: Broad House
The Broadway
Hatfield
Hertfordshire
AL9 5BG





REGISTERED NUMBER: 02011819 (England and Wales)





ACCOUNTANTS: Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

SESSIONWORLD LIMITED (REGISTERED NUMBER: 02011819)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,180 10,907
Investments 5 1,350,000 1,350,000
1,358,180 1,360,907

CURRENT ASSETS
Debtors 6 129,856 85,084
Cash at bank 189,467 224,905
319,323 309,989
CREDITORS
Amounts falling due within one year 7 2,232 2,245
NET CURRENT ASSETS 317,091 307,744
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,675,271

1,668,651

PROVISIONS FOR LIABILITIES 72,500 72,500
NET ASSETS 1,602,771 1,596,151

CAPITAL AND RESERVES
Called up share capital 50 50
Revaluation reserve 8 486,116 486,116
Capital redemption reserve 50 50
Retained earnings 1,116,555 1,109,935
SHAREHOLDERS' FUNDS 1,602,771 1,596,151

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 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.

SESSIONWORLD LIMITED (REGISTERED NUMBER: 02011819)

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 director and authorised for issue on 10 September 2024 and were signed by:





G H Durham - Director


SESSIONWORLD LIMITED (REGISTERED NUMBER: 02011819)

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

1. STATUTORY INFORMATION

Sessionworld 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

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 represents net invoiced sales of goods and services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and 25% on reducing balance / 10% on cost

The freehold property is not subject to depreciation, but as an investment property, to the revaluation requirements of Statement of Standard Accounting Practice 19.

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.

Significant judgements and estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

SESSIONWORLD LIMITED (REGISTERED NUMBER: 02011819)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit & Loss account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Government grants
Government grants have been accounted for under the accrual model, recognised as other income against the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 594,147
DEPRECIATION
At 1 January 2023 583,240
Charge for year 2,727
At 31 December 2023 585,967
NET BOOK VALUE
At 31 December 2023 8,180
At 31 December 2022 10,907

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Cost/valuation b/f 1,350,000 1,350,000

SESSIONWORLD LIMITED (REGISTERED NUMBER: 02011819)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 55,000 55,000
Directors' current accounts 74,856 30,084
129,856 85,084

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax - 12
Sundry creditors and accruals 2,232 2,233
2,232 2,245

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 486,116

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

G Durham was indebted to the company in the amount of £74,856 at 31st December 2023. This amount has been fully repaid to the company subsequent to the year end.

10. RELATED PARTY DISCLOSURES

DALEKI LLP
A LLP of which G Durham was a member until 30th June 2013
2023 2022
£    £   
Amount due from Daleki LLP at the balance sheet date 55,000 55,000





11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party to the company's shares, which are owned beneficially by Durham family members and trusts.