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Registered number: 09939093
ONE WORLD ENTERTAINMENT LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
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ONE WORLD ENTERTAINMENT LIMITED
REGISTERED NUMBER:09939093
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STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2025
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Debtors: amounts falling due within one year
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Current asset investments
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Creditors: amounts falling due within one year
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ONE WORLD ENTERTAINMENT LIMITED
REGISTERED NUMBER:09939093
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2025
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................
I Sutej
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The notes on pages 3 to 4 form part of these financial statements.
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ONE WORLD ENTERTAINMENT LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
One World Entertainment Limited is a private company, limited by shares, registered in England and Wales, registration number 09939093. The registered office is 135 Temple Chambers, 3-7 Temple Avenue, London, England, EC4Y 0HP.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Investments in subsidiaries are measured at cost less accumulated impairment.
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at the transaction price.
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Investments in subsidiary companies
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The following was a subsidiary undertaking of the Company:
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ONE WORLD ENTERTAINMENT LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
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Amounts owed by group undertakings
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Current asset investments
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Shares in group undertakings
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Related party transactions
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At 31 May 2025, the company was due £10,836 (2024: £15,786) from M Esteban, a director of the company.
At 31 May 2025, the company owed £1,847,812 (2024: £1,847,812) to Idili Live Limited and was owed £1,467,213 (2024: £1,467,813) from Idili Holdings Ltd, both companies are under common directorship.
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