REGISTERED NUMBER: 14809219 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

YUME WORLD (DURHAM) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J T H Sullivan

REGISTERED OFFICE:

Unit 16, Roundhouse Court

Barnes Wallis Way

Buckshaw Village

Chorley

Lancashire

PR7 7JN

REGISTERED NUMBER:

14809219 (England and Wales)

ACCOUNTANTS:

ESW Chartered Accountants

162-164 High Street

Rayleigh

Essex

SS6 7BS

FIXED ASSETS

Intangible assets

4

7,786

4,226

Tangible assets

5

581,347

301,909

589,133

306,135

CURRENT ASSETS

Debtors

6

101,509

216,529

Cash at bank and in hand

17,104

100

118,613

216,629

CREDITORS

Amounts falling due within one year

7

(755,026

)

(398,203

)

NET CURRENT LIABILITIES

(636,413

)

(181,574

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(47,280

)

124,561

CREDITORS

Amounts falling due after more than one year

8

(222,169

)

(154,629

)

NET LIABILITIES

(269,449

)

(30,068

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(269,549

)

(30,168

)

SHAREHOLDERS' FUNDS

(269,449

)

(30,068

)

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 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.

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 director and authorised for issue on 18th September 2025 and were signed by:

J T H Sullivan - Director

1.	STATUTORY INFORMATION

YuMe World (Durham) 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 £269,449.

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.

Branding are being amortised evenly over their estimated useful life of three 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 15 years

Plant and machinery

-

Straight line over 5 years

Fixtures and fittings

-

Straight line over 5 years

Computer equipment

-

Straight line over 3 years

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the profit and loss account as the same rate as the depreciation on the assets to which they relate. The deferred element of grants is includes in creditors as deferred income.

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 13 (2023 - 4 ) .

4.

BRANDING

Branding

£

COST

At 1st January 2024

4,517

Additions

6,882

At 31st December 2024

11,399

AMORTISATION

At 1st January 2024

291

Amortisation for year

3,322

At 31st December 2024

3,613

NET BOOK VALUE

At 31st December 2024

7,786

At 31st December 2023

4,226

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

207,075

79,675

18,700

1,194

306,644

Additions

270,087

-

62,190

12,213

344,490

At 31st December 2024

477,162

79,675

80,890

13,407

651,134

DEPRECIATION

At 1st January 2024

1,734

2,656

312

33

4,735

Charge for year

30,303

15,935

14,848

3,966

65,052

At 31st December 2024

32,037

18,591

15,160

3,999

69,787

NET BOOK VALUE

At 31st December 2024

445,125

61,084

65,730

9,408

581,347

At 31st December 2023

205,341

77,019

18,388

1,161

301,909

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

101,509

216,529

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

115,311

91,738

Amounts owed to group undertakings

545,765

-

Social security and other taxes

1,013

981

VAT

7,561

-

Other creditors

-

291,623

Accruals and deferred income

74,265

2,750

Deferred grants

11,111

11,111

755,026

398,203

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Deferred grants

222,169

154,629

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1.00

100

100

10.

RESERVES

Retained

earnings

£

At 1st January 2024

(30,168

)

Deficit for the year

(239,381

)

At 31st December 2024

(269,549

)

11.	RELATED PARTY DISCLOSURES

Other creditors include a loan due to Yume World (Newcastle) Limited, being a company under common control. The amount due at the balance sheet date amounted to £Nil (£291,623).

Other creditors include a loan due to Yume World (Group) Limited, being a company under common control. The amount due at the balance sheet date amounted to £545,765 (£Nil).