REGISTERED NUMBER: 12096116 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

YUME WORLD (NEWCASTLE) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Kalmar

J T H Sullivan

REGISTERED OFFICE:

Unit 16, Roundhouse Court

Barnes Wallis Way

Buckshaw Village

Chorley

Lancashire

PR7 7JN

REGISTERED NUMBER:

12096116 (England and Wales)

ACCOUNTANTS:

ESW Chartered Accountants

162-164 High Street

Rayleigh

Essex

SS6 7BS

FIXED ASSETS

Intangible assets

4

5,711

9,970

Tangible assets

5

164,263

201,920

169,974

211,890

CURRENT ASSETS

Stocks

12,749

12,749

Debtors

6

131,594

458,622

Cash at bank and in hand

39,675

90,696

184,018

562,067

CREDITORS

Amounts falling due within one year

7

(948,477

)

(1,223,688

)

NET CURRENT LIABILITIES

(764,459

)

(661,621

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(594,485

)

(449,731

)

CREDITORS

Amounts falling due after more than one year

8

(52,378

)

(109,692

)

NET LIABILITIES

(646,863

)

(559,423

)

CAPITAL AND RESERVES

Called up share capital

10

10,000

10,000

Share premium

300,000

300,000

Retained earnings

(956,863

)

(869,423

)

SHAREHOLDERS' FUNDS

(646,863

)

(559,423

)

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

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

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 18th September 2025 and were signed on its behalf by:

J T H Sullivan - Director

1.	STATUTORY INFORMATION

Yume World (Newcastle) Ltd 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.

These financial statements have been prepared on a going concern basis.

As at the balance sheet date the company had negative shareholders funds of £641,004.

The Directors have considered numerous scenarios to consider the possible further impacts on the business and its ability to continue as a going concern. While the Directors accept there are inherent uncertainties on the business they are satisfied that, based on their assessment of the future possible impacts and their plans to deal with them, the company will continue as a going concern and therefore this is a valid basis for the preparation of the financial statements.

Turnover

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

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.

Licences are being amortised evenly over their estimated useful life of three years.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 10 years

Plant and machinery

-

Straight line over 5 years and Straight line over 3 years

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

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

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and bank loans, are initially recognised at

transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is

measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

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 9 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Licences

Website

Totals

£

£

£

COST

At 1st January 2024

and 31st December 2024

9,900

4,800

14,700

AMORTISATION

At 1st January 2024

3,850

880

4,730

Amortisation for year

3,299

960

4,259

At 31st December 2024

7,149

1,840

8,989

NET BOOK VALUE

At 31st December 2024

2,751

2,960

5,711

At 31st December 2023

6,050

3,920

9,970

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

236,024

78,915

-

38,578

353,517

Additions

-

1,150

1,985

-

3,135

At 31st December 2024

236,024

80,065

1,985

38,578

356,652

DEPRECIATION

At 1st January 2024

96,888

17,947

-

36,762

151,597

Charge for year

24,012

15,369

198

1,213

40,792

At 31st December 2024

120,900

33,316

198

37,975

192,389

NET BOOK VALUE

At 31st December 2024

115,124

46,749

1,787

603

164,263

At 31st December 2023

139,136

60,968

-

1,816

201,920

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade debtors

3,000

3,000

Other debtors

128,594

455,622

131,594

458,622

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Bank loans and overdrafts

39,982

51,681

Hire purchase contracts (see note 9)

25,403

25,403

Trade creditors

553,849

472,302

Amounts owed to group undertakings

194,048

-

Taxation and social security

39,996

19,926

Other creditors

95,199

654,376

948,477

1,223,688

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as restated

£

£

Bank loans

52,378

84,289

Hire purchase contracts (see note 9)

-

25,403

52,378

109,692

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

as restated

£

£

Net obligations repayable:

Within one year

25,403

25,403

Between one and five years

-

25,403

25,403

50,806

Non-cancellable

operating leases

2024

2023

as restated

£

£

In more than five years

-

1,307,758

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

as restated

£

£

10,000

Ordinary

£1

10,000

10,000

11.	RELATED PARTY DISCLOSURES

During the year the company entered into the following transactions with related parties:

Loans to related parties

Party

2024

2023

Relationship

£

£

Yume World (Durham) Limited

-

291,523

Common parent company

Yume World (Services) Limited

-

17,540

Common parent company

Loans from related parties

Party

2024

2023

Relationship

£

£

Yume World Group Limited

194,048

480,600

Parent company