Worldcatch Limited Filleted accounts for Companies House (small and micro)

WORLDCATCH LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 02112597

Worldcatch Limited

Filleted Unaudited Financial Statements

30 April 2021

Worldcatch Limited

Statement of Financial Position

30 April 2021

	2021		2020
Note	£	£	£

Current assets

Debtors	4	29,795,934		29,796,534

Creditors: amounts falling due within one year	5	29,795,932		29,805,215
		-------------		-------------
Net current assets/(liabilities)			2	( 8,681)
			----	-------
Total assets less current liabilities			2	( 8,681)
			----	-------

Capital and reserves

Called up share capital	2	2
Profit and loss account	–	( 8,683)
	----	-------
Shareholders funds/(deficit)	2	( 8,681)
	----	-------

These financial statements 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 30 April 2021 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 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 financial statements .

These financial statements were approved by the board of directors and authorised for issue on 14 July 2022 , and are signed on behalf of the board by:

Mrs D. Feldman

Director

Company registration number: 02112597

Worldcatch Limited

Notes to the Financial Statements

Year ended 30 April 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle house, 1 Hallswelle Road, London, NW11 ODH.

2. Statement of compliance

These financial statements 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 financial statements 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 financial statements are prepared in sterling, which is the functional currency of the entity.

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

	2021	2020
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	28,780,952	28,781,552
Other debtors	1,014,982	1,014,982
	-------------	-------------
	29,795,934	29,796,534
	-------------	-------------

5. Creditors: amounts falling due within one year

	2021	2020
	£	£
Amounts owed to group undertakings	29,776,647	29,786,063
Amounts owed to related undertakings	17,500	17,500
Other creditors	1,785	1,652
	-------------	-------------
	29,795,932	29,805,215
	-------------	-------------

6. Related party transactions

The ultimate parent company is Inremco 26 Limited, which is registered in England and Wales. The largest group in which the results of the company are consolidated is that headed by Inremco 26 Limited. The smallest group in which the results of the company are consolidated is that headed by Lofalcon Limited. The consolidated accounts of the group are available to the public at the company's registered office, namely Hallswelle House, 1 Hallswelle Road, London NW11 ODH. The company has taken advantage of the exemption in Financial Reporting Standard No.8 from disclosing transactions with related parties that are part of the Lofalcon Limited group and investees of that group.