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REGISTERED NUMBER: 04401721











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WORLD HERITAGE LIMITED

WORLD HERITAGE LIMITED (REGISTERED NUMBER: 04401721)






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


WORLD HERITAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M R Ridley
Mrs J D Ridley
K O M Ridley





SECRETARY: Mrs J D Ridley





REGISTERED OFFICE: 18 High West Street
Dorchester
Dorset
DT2 7AQ





REGISTERED NUMBER: 04401721





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

WORLD HERITAGE LIMITED (REGISTERED NUMBER: 04401721)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,670 18,170
Tangible assets 5 5,232 6,502
21,902 24,672

CURRENT ASSETS
Stocks 1,843 3,200
Debtors 6 24,148 18,263
Cash at bank and in hand 184,636 233,970
210,627 255,433
CREDITORS
Amounts falling due within one year 7 24,844 31,153
NET CURRENT ASSETS 185,783 224,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,685

248,952

CREDITORS
Amounts falling due after more than one
year

8

(25,042

)

(35,122

)

PROVISIONS FOR LIABILITIES 9 (574 ) (789 )
NET ASSETS 182,069 213,041

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Retained earnings 180,569 211,541
SHAREHOLDERS' FUNDS 182,069 213,041

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.

WORLD HERITAGE LIMITED (REGISTERED NUMBER: 04401721)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:




Mrs J D Ridley - Director



M R Ridley - Director


WORLD HERITAGE LIMITED (REGISTERED NUMBER: 04401721)

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

1. STATUTORY INFORMATION

World Heritage Limited is a private company, limited by shares , registered in Not specified/Other. 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 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 three businesses in 2002 and one in 2007, is being amortised evenly over its estimated useful life of twenty 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.
Exhibition costs - 15% on reducing balance
Fixtures, fittings and equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

WORLD HERITAGE LIMITED (REGISTERED NUMBER: 04401721)

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

2. ACCOUNTING POLICIES - continued

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.

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 13 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 310,000
AMORTISATION
At 1 January 2023 291,830
Amortisation for year 1,500
At 31 December 2023 293,330
NET BOOK VALUE
At 31 December 2023 16,670
At 31 December 2022 18,170

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Exhibition and Motor
costs equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2023 36,444 18,268 18,283 72,995
Disposals - - (6,484 ) (6,484 )
At 31 December 2023 36,444 18,268 11,799 66,511
DEPRECIATION
At 1 January 2023 31,575 17,154 17,764 66,493
Charge for year 732 223 68 1,023
Eliminated on disposal - - (6,237 ) (6,237 )
At 31 December 2023 32,307 17,377 11,595 61,279
NET BOOK VALUE
At 31 December 2023 4,137 891 204 5,232
At 31 December 2022 4,869 1,114 519 6,502

WORLD HERITAGE LIMITED (REGISTERED NUMBER: 04401721)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Purchase tax control account 198 198
Corporation tax 6,381 -
VAT - 1,238
Prepayments 17,569 16,827
24,148 18,263

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Purchase ledger control - 672
Corporation tax - 7,560
PAYE 529 422
NIC 757 179
VAT 2,844 -
Other creditors 217 140
Directors' loan accounts 7,655 1,275
Accrued expenses 12,842 20,905
24,844 31,153

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 25,042 35,122

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 574 789

Deferred
tax
£   
Balance at 1 January 2023 789
Credit to Statement of Income and Retained Earnings during year (215 )
Balance at 31 December 2023 574

WORLD HERITAGE LIMITED (REGISTERED NUMBER: 04401721)

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

10. RELATED PARTY DISCLOSURES

The premises from which the Dinosaur, Dorset Teddy Bear, Terracotta Warriors and Tutankhamun museums trade are owned by two of the directors namely Mr M.R. Ridley and Mrs J.D.Ridley. During the period rent of £66,000 (2022 - £66,000) was paid by the company to them.
.