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REGISTERED NUMBER: 07946499 (England and Wales)















CATALYST GLOBAL MEDIA LIMITED

Financial Statements

for the Year Ended 31 December 2021






CATALYST GLOBAL MEDIA LIMITED (REGISTERED NUMBER: 07946499)

Contents of the Financial Statements
for the year ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CATALYST GLOBAL MEDIA LIMITED

Company Information
for the year ended 31 December 2021







Directors: A M Hardiman
G J Lyons
C M Walls-Hardiman





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 07946499 (England and Wales)






CATALYST GLOBAL MEDIA LIMITED (REGISTERED NUMBER: 07946499)

Balance Sheet
31 December 2021

2021 2020
Notes £ £ £ £
Fixed assets
Tangible assets 4 3,265 4,375
Investments 5 3 3
3,268 4,378

Current assets
Debtors 6 416,772 157,098
Cash at bank 38,352 225,887
455,124 382,985
Creditors
Amounts falling due within one year 7 601,067 343,274
Net current (liabilities)/assets (145,943 ) 39,711
Total assets less current liabilities (142,675 ) 44,089

Creditors
Amounts falling due after more than one
year

8

375,000

450,000
Net liabilities (517,675 ) (405,911 )

Capital and reserves
Called up share capital 9 147,190 147,190
Share premium 74,973 74,973
Retained earnings (739,838 ) (628,074 )
Shareholders' funds (517,675 ) (405,911 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2022 and were signed on its behalf by:



C M Walls-Hardiman - Director


CATALYST GLOBAL MEDIA LIMITED (REGISTERED NUMBER: 07946499)

Notes to the Financial Statements
for the year ended 31 December 2021


1. Statutory information

Catalyst Global Media 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

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

Significant judgements and estimates
In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The director's judgements, estimated and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Critical judgements in applying the Company's accounting policies
The critical judgement that the director has made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below:

(i) Assessing indicators and impairment
In assessing whether there have been any indicators or impairment assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience or recoverability. There have been no indicators or impairments identified during the current financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

CATALYST GLOBAL MEDIA LIMITED (REGISTERED NUMBER: 07946499)

Notes to the Financial Statements - continued
for the year ended 31 December 2021


2. Accounting policies - continued

Going concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their
assessment. In particular, in response to the ongoing COVID-19 pandemic, together with the outbreak of the conflict in Ukraine, the directors have tested the cash flow analysis to take into account the impact on their business of possible scenarios brought on by the impact of these events , which are causing economic disruption in most countries, alongside the measures that they can take to mitigate such impacts. Based on these given assessments, the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

(iii) Company financial instruments

The Company has not issued and is not in receipt of any compound financial instruments.

(iv) Offsetting

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. Employees and directors

The average number of employees during the year was 6 (2020 - 6 ) .

CATALYST GLOBAL MEDIA LIMITED (REGISTERED NUMBER: 07946499)

Notes to the Financial Statements - continued
for the year ended 31 December 2021


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 January 2021 32,125 9,584 41,709
Additions - 1,405 1,405
At 31 December 2021 32,125 10,989 43,114
Depreciation
At 1 January 2021 32,125 5,209 37,334
Charge for year - 2,515 2,515
At 31 December 2021 32,125 7,724 39,849
Net book value
At 31 December 2021 - 3,265 3,265
At 31 December 2020 - 4,375 4,375

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 January 2021
and 31 December 2021 3
Net book value
At 31 December 2021 3
At 31 December 2020 3

6. Debtors
2021 2020
£ £
Amounts falling due within one year:
Trade debtors 9,713 7,428
Amounts owed by group undertakings 345,544 87,412
Other debtors 60,043 -
VAT 1,472 2,258
416,772 97,098

Amounts falling due after more than one year:
Prepayments and accrued income - 60,000

Aggregate amounts 416,772 157,098

CATALYST GLOBAL MEDIA LIMITED (REGISTERED NUMBER: 07946499)

Notes to the Financial Statements - continued
for the year ended 31 December 2021


7. Creditors: amounts falling due within one year
2021 2020
£ £
Bank loans and overdrafts 75,000 -
Trade creditors 610 3,454
Amounts owed to group undertakings 522,000 322,000
Social security and other taxes 1,971 16,348
Pension Control 439 1,472
Other creditors 1,047 -
601,067 343,274

8. Creditors: amounts falling due after more than one year
2021 2020
£ £
Bank loans - 1-2 years 90,000 30,000
Bank loans - 2-5 years 285,000 360,000
Bank loans more 5 yrs non-inst - 60,000
375,000 450,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 60,000

9. Called up share capital



Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £ £
190 Ordinary Share 1 190 190
1,470,000 Preference Share 0.10 147,000 147,000
147,190 147,190

10. Post balance sheet events

Other than COVID-19 detailed within the Going Concern note, no events have occurred subsequent to the financial year end that may be deemed relevant to the accuracy of the financial statements.

The directors acknowledge the current outbreak of COVID-19 which is causing economic disruption in most countries and its potentially adverse economic impact on the company. COVID-19 is not expected to impact the company.

11. Ultimate controlling party

The Company is controlled by the directors.