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REGISTERED NUMBER: 14848467 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

5 MAY 2023 TO 31 MAY 2024

FOR

INSIGNIA WORLD LIMITED

INSIGNIA WORLD LIMITED (REGISTERED NUMBER: 14848467)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INSIGNIA WORLD LIMITED

COMPANY INFORMATION
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024







DIRECTOR: Mr Tancred Robert Lidbury





REGISTERED OFFICE: 1 Knightsbridge Green
Bourne Office Space Limited
London
SW1X 7QA





REGISTERED NUMBER: 14848467 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

INSIGNIA WORLD LIMITED (REGISTERED NUMBER: 14848467)

BALANCE SHEET
31 MAY 2024

Notes £   
FIXED ASSETS
Tangible assets 5 17,685

CURRENT ASSETS
Debtors 6 104,293
Cash at bank and in hand 10,460
114,753
CREDITORS
Amounts falling due within one year 7 (104,557 )
NET CURRENT ASSETS 10,196
TOTAL ASSETS LESS CURRENT LIABILITIES 27,881

PROVISIONS FOR LIABILITIES 8 (3,360 )
NET ASSETS 24,521

CAPITAL AND RESERVES
Called up share capital 9 1
Retained earnings 24,520
SHAREHOLDERS' FUNDS 24,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 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.

INSIGNIA WORLD LIMITED (REGISTERED NUMBER: 14848467)

BALANCE SHEET - continued
31 MAY 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 February 2025 and were signed by:





Mr Tancred Robert Lidbury - Director


INSIGNIA WORLD LIMITED (REGISTERED NUMBER: 14848467)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024

1. STATUTORY INFORMATION

Insignia World 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

INSIGNIA WORLD LIMITED (REGISTERED NUMBER: 14848467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024

3. ACCOUNTING POLICIES - continued

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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 - 33.33% on cost

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 13,418 4,931 18,349
At 31 May 2024 13,418 4,931 18,349
DEPRECIATION
Charge for period 499 165 664
At 31 May 2024 499 165 664
NET BOOK VALUE
At 31 May 2024 12,919 4,766 17,685

INSIGNIA WORLD LIMITED (REGISTERED NUMBER: 14848467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 5 MAY 2023 TO 31 MAY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 50,454
VAT 22,921
Prepayments 30,918
104,293

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 5,352
Tax 2,417
Other creditors 1,189
Loan 93,984
Accrued expenses 1,615
104,557

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax 3,360

Deferred
tax
£   
Provided during period 3,360
Balance at 31 May 2024 3,360

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was issued during the period for cash of £ 1 .

10. OTHER FINANCIAL COMMITMENTS

In March 2024, the company entered into a rental lease agreement for a total amount of £639,000. The length of the lease is two years.