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Registered number: 10020477
Festive Road International Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
The Wow Company UK Ltd
3rd Floor, 86-90 Paul Street
London
EC2A 4NE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10020477
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,411 238
Investments 5 20,290 20,290
22,701 20,528
CURRENT ASSETS
Debtors 6 1,260,732 777,543
Cash at bank and in hand 179,873 333,663
1,440,605 1,111,206
Creditors: Amounts Falling Due Within One Year 7 (985,537 ) (842,629 )
NET CURRENT ASSETS (LIABILITIES) 455,068 268,577
TOTAL ASSETS LESS CURRENT LIABILITIES 477,769 289,105
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,000 ) -
NET ASSETS 476,769 289,105
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Profit and Loss Account 475,769 288,105
SHAREHOLDERS' FUNDS 476,769 289,105
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Caroline Bolton
Director
29 September 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Festive Road International Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 10020477 . The registered office is Initial Business Centre, Unit 7 Wilson Business Park, Monsall Road, Manchester, Greater Manchester, M40 8WN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received, net of discounts and value added taxes. Turnover is recognised at the point of invoice.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer equipment 20% straight line
2.4. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.5. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.6. Taxation - continued
Deferred tax 
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 9)
11 9
4. Tangible Assets
Computer equipment
£
Cost
As at 1 January 2024 243
Additions 2,376
As at 31 December 2024 2,619
Depreciation
As at 1 January 2024 5
Provided during the period 203
As at 31 December 2024 208
Net Book Value
As at 31 December 2024 2,411
As at 1 January 2024 238
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5. Investments
Other
£
Cost
As at 1 January 2024 20,290
As at 31 December 2024 20,290
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 20,290
As at 1 January 2024 20,290
Festive Road (US) Corp
The company holds 100% of the share capital in Festive Road (US) Corp.
Profit for the year: £109,361
Capital and reserves: £189,357
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 944,326 723,659
Amounts owed by group undertakings 212,348 -
Other debtors 104,058 53,884
1,260,732 777,543
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 112,576 53,496
Amounts owed to group undertakings 89,497 11,888
Amounts owed to participating interests - 33,917
Other creditors 594,197 592,296
Taxation and social security 189,267 151,032
985,537 842,629
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8. Related Party Transactions
The total amount owed to a group undertaking is £89,497 (2023: £11,888) 
The total amount owed to the associated company is Nil (2023: £33,917) 
The amount due from a company under common control at the year end was £212,348
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