ACCOUNTS - Final Accounts

WORLD OF CIRCUS LIMITED - Company Information

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Registered number: 05374158

WORLD OF CIRCUS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 APRIL 2021

WORLD OF CIRCUS LTD

REGISTERED NUMBER: 05374158

BALANCE SHEET

AS AT 28 APRIL 2021

		2021		2020
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	-		40,285
Cash at bank and in hand	5	498		5
		498		40,290
Creditors: amounts falling due within one year	6	(89,652)		(128,477)
Net current liabilities			(89,154)		(88,187)
Total assets less current liabilities			(89,154)		(88,187)

Net liabilities			(89,154)		(88,187)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(89,254)	(88,287)
	(89,154)	(88,187)

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WORLD OF CIRCUS LTD

REGISTERED NUMBER: 05374158

BALANCE SHEET (CONTINUED)

AS AT 28 APRIL 2021

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 period 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 were approved and authorised for issue by the board and were signed on its behalf by:

................................................

Mr M E Burton

Director

Date: 26 January 2022

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WORLD OF CIRCUS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 APRIL 2021

1.	General information

World of Circus Limited is a private limited company limited by share capital, incorporated in England and Wales, registration number 05374158.
The address of the registered office is 8 King Edward Street, Oxford, Oxfordshire, OX1 4HL.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.3

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.5

Financial instruments

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.

Employees

The average monthly number of employees, including the director, during the period was as follows:

	2021	2020
	No.	No.

Employees	1	1

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WORLD OF CIRCUS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 APRIL 2021

Debtors

					2021	2020
					£	£


Amounts owed by group undertakings	-	40,285
	-	40,285

5.	Cash and cash equivalents
		2021	2020
		£	£

Cash at bank and in hand	498	5
	498	5

6.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Amounts owed to group undertakings	87,732	124,237
Accruals and deferred income	1,920	4,240
	89,652	128,477

7.	Related party transactions
	At the balance sheet date the company had the following balances with fellow subsidiaries which are controlled by the parent company Circus (UK) Ltd: Company 2021 2020 WOC Ltd (£87,732) £37,669 C E (2004) Ltd £Nil (£124,237) Cirque Berserk Ltd £Nil £2,616

8.	Controlling party

The parent company is Circus (UK) Ltd and the ultimate controlling party is Mr M E Burton.

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