COMPANY REGISTRATION NUMBER:
1164770
|
Filleted Unaudited Accounts |
|
|
Statement of Financial Position |
|
31 December 2025
Current assets
|
Debtors |
4 |
82,150 |
|
126,553 |
|
Cash at bank and in hand |
128,479 |
|
217,081 |
|
--------- |
|
--------- |
|
210,629 |
|
343,634 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
(
210,477) |
|
(
343,482) |
|
--------- |
|
--------- |
|
Net current assets |
|
152 |
152 |
|
|
---- |
---- |
|
Total assets less current liabilities |
|
152 |
152 |
|
|
---- |
---- |
|
Net assets |
|
152 |
152 |
|
|
---- |
---- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
52 |
52 |
|
|
---- |
---- |
|
Shareholders funds |
|
152 |
152 |
|
|
---- |
---- |
|
|
|
|
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2025 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 accounts for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
.
These accounts were approved by the
board of directors
and authorised for issue on
10 August 2026
, and are signed on behalf of the board by:
Company registration number:
1164770
Year ended 31 December 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ.
2.
Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents royalties received by the company together with merchandising income exclusive of value added tax.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
82,150 |
126,553 |
|
-------- |
--------- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
75 |
75 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
209,314 |
342,474 |
|
Social security and other taxes |
43 |
– |
|
Other creditors |
1,045 |
933 |
|
--------- |
--------- |
|
210,477 |
343,482 |
|
--------- |
--------- |
|
|
|
6.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.
7.
Controlling party
In the opinion of the directors the parent undertaking is
The Material World Foundation Limited
, a company which is registered charity and which is limited by guarantee, and incorporated in England and Wales. The Material World Foundation Limited is the ultimate parent undertaking and the parent undertaking of the smallest and largest group of undertakings of which the company is a member and for which group financial statements are drawn up. Copies of The Material World Foundation Limited's financial statements can be obtained from 10 Orange Street, London, WC2H 7DQ.