REGISTERED NUMBER: 13768489 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

YUME WORLD GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J T H Sullivan

J Kalmar

REGISTERED OFFICE:

Unit 16, Roundhouse Court

Barnes Wallis Way

Buckshaw Village

Chorley

Lancashire

PR7 7JN

REGISTERED NUMBER:

13768489 (England and Wales)

ACCOUNTANTS:

ESW Chartered Accountants

162-164 High Street

Rayleigh

Essex

SS6 7BS

FIXED ASSETS

Investments

4

10,200

10,200

CURRENT ASSETS

Debtors

5

1,041,479

480,600

CREDITORS

Amounts falling due within one year

6

(203,508

)

(1,194

)

NET CURRENT ASSETS

837,971

479,406

TOTAL ASSETS LESS CURRENT LIABILITIES

848,171

489,606

CAPITAL AND RESERVES

Called up share capital

8

14,545

12,403

Share premium

9

861,615

478,197

Retained earnings

9

(27,989

)

(994

)

SHAREHOLDERS' FUNDS

848,171

489,606

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 Group 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.

Preparation of consolidated financial statements

The financial statements contain information about Yume World Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

and 31st December 2024

10,200

NET BOOK VALUE

At 31st December 2024

10,200

At 31st December 2023

10,200

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

1,041,479

480,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

75,665

244

Trade creditors

1,097

-

Other creditors

126,746

950

203,508

1,194

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

75,665

-

The bank overdraft is secured by a fixed and floating charge over all assets dated 25 July 2024.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

11,653

Ordinary "A" Shares

£1

14,545

12,403

10

Ordinary "B" Shares

£0.01

-

-

14,545

12,403

2,142 Ordinary "A" Shares were issued during the period at a premium of £179 per share.

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1st January 2024

(994

)

478,197

477,203

Deficit for the year

(26,995

)

(26,995

)

Cash share issue

-

383,418

383,418

At 31st December 2024

(27,989

)

861,615

833,626

10.	RELATED PARTY DISCLOSURES

Other debtors include a loan due from Yume World (Newcastle) Limited, being a wholly owned subsidiary. The amount due at the balance sheet date amounted to £194,048 (2023 : £480,600).

Other debtors include a loan due from Yume World (Durham) Limited, being a wholly owned subsidiary. The amount due at the balance sheet date amounted to £545,765 (2023 : £Nil).

Other debtors include a loan due from Yume World Services Limited, being a wholly owned subsidiary. The amount due at the balance sheet date amounted to £301,666 (2023 : £Nil).

Other creditors include a loan due to Tedaisy Services Limited, being a company with common key management. The amount outstanding at the balance sheet date amounted to £50,796 (2023 : £nil).

Other creditors include a loan due to Tedaisy Investments Limited, being a company with common key management. The amount outstanding at the balance sheet date amounted to £75,000 (2023 : £nil).