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Company No: 11923974 (England and Wales)

# IMAGINE WORLD LTD

### Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

IMAGINE WORLD LTD

## Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

IMAGINE WORLD LTD

## COMPANY INFORMATION

For the financial year ended 31 December 2024
IMAGINE WORLD LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024

DIRECTORS | Valerie Keller
| Paul Gerardus Josephus Maria Polman
| Jefferson Becker Seabright (Resigned 30 May 2024)

SECRETARY | Valerie Grace Keller

REGISTERED OFFICE | 2 Leman Street
| London
| E1W 9US
| United Kingdom

COMPANY NUMBER | 11923974 (England and Wales)

ACCOUNTANT | Gravita Essex Limited
| Treviot House
| 186-192 High Road
| Ilford
| Essex
| IG1 1LR
| United Kingdom

IMAGINE WORLD LTD

## BALANCE SHEET

As at 31 December 2024
IMAGINE WORLD LTD

## BALANCE SHEET (continued)

As at 31 December 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 6,518 |  | 1,851
|  | 6,518 |  | 1,851
Current assets |  |  |  |
Debtors | 4 | 416,399 |  | 613,658
Cash at bank and in hand |  | 410,064 |  | 1,015,997
|  | 826,463 |  | 1,629,655
Prepayments and accrued income |  | 5,597 |  | 5,708
Creditors: amounts falling due within one year | 5 | ( 66,485) |  | ( 587,313)
Net current assets |  | 765,575 |  | 1,048,050
Total assets less current liabilities |  | 772,093 |  | 1,049,901
Accruals and deferred income |  | ( 267,257) |  | ( 273,482)
Net assets |  | 504,836 |  | 776,419
Capital and reserves |  |  |  |
Called-up share capital |  | 5 |  | 10
Profit and loss account |  | 504,831 |  | 776,409
Total shareholders' funds |  | 504,836 |  | 776,419

For the financial 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.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Imagine World Ltd (registered number: 11923974) were approved and authorised for issue by the Board of Directors on 19 September 2025. They were signed on its behalf by:

Valerie Keller Director |

IMAGINE WORLD LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
IMAGINE WORLD LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

##### General information and basis of accounting

Imagine World Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

#####

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 5 |  | 4

#### 3. Tangible assets

| Computer equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2024 | 5,973 |  | 5,973
Additions | 7,577 |  | 7,577
At 31 December 2024 | 13,550 |  | 13,550
Accumulated depreciation |  |  |
At 01 January 2024 | 4,122 |  | 4,122
Charge for the financial year | 2,910 |  | 2,910
At 31 December 2024 | 7,032 |  | 7,032
Net book value |  |  |
At 31 December 2024 | 6,518 |  | 6,518
At 31 December 2023 | 1,851 |  | 1,851

#### 4. Debtors

| 2024 |  | 2023
| £ |  | £
Trade debtors | 223,709 |  | 48,563
Deferred tax asset | 169,504 |  | 82,378
Other debtors | 23,186 |  | 482,717
| 416,399 |  | 613,658

#### 5. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Trade creditors | 48,824 |  | 485,881
Amounts owed to Group undertakings | 0 |  | 5,049
Taxation and social security | 17,663 |  | 6,442
Other creditors | ( 2) |  | 89,941
| 66,485 |  | 587,313

#### 6. Related party transactions

Transactions with the entity's directors

| 2024 |  | 2023
| £ |  | £
Advances given | 0 |  | 47,819
Repayments received | 46,697 |  | 0