World Telemedia (Holdings) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04333150 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

WORLD TELEMEDIA (HOLDINGS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Todd

REGISTERED OFFICE:

Virginia Cottage

Nash Lane

Scaynes Hill

Haywards Heath

West Sussex

RH17 7NJ

REGISTERED NUMBER:

04333150 (England and Wales)

ACCOUNTANTS:

Hilton Sharp & Clarke Limited

30 New Road

Brighton

East Sussex

BN1 1BN

FIXED ASSETS

Tangible assets

4

-

1

Investments

5

2

2

2

3

CURRENT ASSETS

Debtors

6

2,000

1,508

Cash at bank

-

270

2,000

1,778

CREDITORS

Amounts falling due within one year

7

-

60

NET CURRENT ASSETS

2,000

1,718

TOTAL ASSETS LESS CURRENT LIABILITIES

2,002

1,721

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

1,002

721

SHAREHOLDERS' FUNDS

2,002

1,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 20 December 2017 and were signed by:

J Todd - Director

1.	STATUTORY INFORMATION

World Telemedia (Holdings) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or

substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2016

6,369

Disposals

(6,369

)

At 31 March 2017

-

DEPRECIATION

At 1 April 2016

6,368

Eliminated on disposal

(6,368

)

At 31 March 2017

-

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

1

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 April 2016

and 31 March 2017

2

NET BOOK VALUE

At 31 March 2017

2

At 31 March 2016

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as restated

£

£

Trade debtors

-

1,410

Amounts owed by group undertakings

2,000

-

Other debtors

-

98

2,000

1,508

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

as restated

£

£

Trade creditors

-

60

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

as restated

£

£

1,000

Ordinary

1

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1 April 2016

721

Profit for the year

36,999

Dividends

(36,718

)

At 31 March 2017

1,002

10.	INVESTMENTS

The company owns 100% of issued share capital of World Telemedia Ltd.

11.	RELATED PARTY TRANSACTIONS

All transactions have been undertaken on an arms length basis.

World Telemedia Limited

As at 31 March 2017 World Telemedia (Holdings) Limited was owed £2,000 from World Telemedia Limited.

12.	FIRST YEAR ADOPTION

These are the company's first set of financial statements prepared in accordance with FRS 102.

The transition to FRS 102 Section 1A occurred on 1 April 2015 with the end of the comparative period being 31 March

2016. There have been no changes to accounting policies nor to any balances in the financial statements.