ACCOUNTS - Final Accounts

Registered number: 01460019

WORLD FILM SERVICES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025


WORLD FILM SERVICES LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


WORLD FILM SERVICES LIMITED REGISTERED NUMBER:01460019

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	278,547		248,034
Cash at bank and in hand		-		35,829
Current liabilities		278,547		283,863
Creditors: amounts falling due within one year	5	(294,626)		(294,567)
Net current liabilities			(16,079)		(10,704)

Net liabilities			(16,079)		(10,704)

Capital and reserves
Called up share capital	6	20,100	20,100
Profit and loss account		(36,179)	(30,804)
		(16,079)	(10,704)

The director considers 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 director acknowledges his 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 on 23 September 2026.

D J Heyman

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


WORLD FILM SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

World Film Services Limited is a private limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood Hertfordshire, WD6 1JD.

The principal activity of the Company continued to be that of the exploitation of an audio-visual film library.

The Company's functional and presentational currency is £ Sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

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:

2.2

Going concern

The director who is the ultimate shareholder of the Company's parent undertaking, World Group of Companies Limited, has indicated that he will continue to provide adequate financial support to the Company for the foreseeable future, to enable it to meet its liabilities as and when they fall due. The director has no reason to believe that this financial support will not continue in the future and considers it appropriate to adopt the going concern basis. The financial statements do not contain any adjustments that would be necessary should this basis not be appropriate.

2.3

Revenue

Revenue comprises royalties receivable, exclusive of Value Added Tax.

Royalties receivable are accounted for on a royalty earnings basis as part of turnover.Royalty advances which are non-recoupable are accounted for on a receipts basis. Recoupable advances are accounted for when earned.

2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.6

Creditors

Short term creditors are measured at the transaction price.

Page 2


WORLD FILM SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transactionand non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Exchange gains and losses are recognised in the Statement of Comprehensive Income.

2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

3.	Employees
	The Company has no employees.

Debtors

					2025	2024
					£	£


Other debtors	278,547	248,034

Page 3


WORLD FILM SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	-	241
Amounts owed to group undertakings	290,426	290,426
Accruals and deferred income	4,200	3,900
	294,626	294,567

6.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

20,100 Ordinary shares of £1.00 each	20,100	20,100

7.	Controlling party

The company's ultimate parent undertaking is World Group of Companies Limited, a company registered in England and Wales.

Page 4