Company registration number: 13102304
COMPANY INFORMATION
CONTENTS
STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2025
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 profit and loss account 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:
The notes on pages 2 to 3 form part of these financial statements.
Page 1
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
The Worlds Online Festival Employee Benefit Trust Limited 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 its registered office and principal place of business is disclosed on the company information page.
The company's functional and presentational currency is GBP.
The company's functional and presentational currency is GBP.
2.Accounting policies
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.
Despite the net liabilities position of £44, the Company has support from its parent company Palringo Limited for at least 12 months from signing these financial statements.
When considering the above and the longer term plans for the company, the company became dormant in the year ended 31 August 2022, but will continue to be supported, as the investment and intercompany balance is with Palringo Limited.
When considering the above and the longer term plans for the company, the company became dormant in the year ended 31 August 2022, but will continue to be supported, as the investment and intercompany balance is with Palringo Limited.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Page 2
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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The parent of the smallest group for which consolidated financial statements are drawn up is Palringo Limited. The consolidated accounts of which are publically available from Companies House. The registered office of Palringo Limited is Future Innovation Centre, Innovation Way, Cramlington, Newcastle Upon Tyne, NE23 7FP.
Page 3