2022-02-012023-01-312023-01-31false10550416THE NETWORK FORUM LIMITED2023-09-1470210iso4217:GBPxbrli:pure105504162022-02-01105504162023-01-31105504162022-02-012023-01-31105504162021-02-01105504162022-01-31105504162021-02-012022-01-3110550416bus:SmallEntities2022-02-012023-01-3110550416bus:AuditExempt-NoAccountantsReport2022-02-012023-01-3110550416bus:AbridgedAccounts2022-02-012023-01-3110550416bus:PrivateLimitedCompanyLtd2022-02-012023-01-3110550416core:WithinOneYear2023-01-3110550416core:AfterOneYear2023-01-3110550416core:WithinOneYear2022-01-3110550416core:AfterOneYear2022-01-3110550416core:ShareCapital2023-01-3110550416core:SharePremium2023-01-3110550416core:RevaluationReserve2023-01-3110550416core:OtherReservesSubtotal2023-01-3110550416core:RetainedEarningsAccumulatedLosses2023-01-3110550416core:ShareCapital2022-01-3110550416core:SharePremium2022-01-3110550416core:RevaluationReserve2022-01-3110550416core:OtherReservesSubtotal2022-01-3110550416core:RetainedEarningsAccumulatedLosses2022-01-3110550416core:LandBuildings2023-01-3110550416core:PlantMachinery2023-01-3110550416core:Vehicles2023-01-3110550416core:FurnitureFittings2023-01-3110550416core:OfficeEquipment2023-01-3110550416core:NetGoodwill2023-01-3110550416core:IntangibleAssetsOtherThanGoodwill2023-01-3110550416core:ListedExchangeTraded2023-01-3110550416core:UnlistedNon-exchangeTraded2023-01-3110550416core:LandBuildings2022-01-3110550416core:PlantMachinery2022-01-3110550416core:Vehicles2022-01-3110550416core:FurnitureFittings2022-01-3110550416core:OfficeEquipment2022-01-3110550416core:NetGoodwill2022-01-3110550416core:IntangibleAssetsOtherThanGoodwill2022-01-3110550416core:ListedExchangeTraded2022-01-3110550416core:UnlistedNon-exchangeTraded2022-01-3110550416core:LandBuildings2022-02-012023-01-3110550416core:PlantMachinery2022-02-012023-01-3110550416core:Vehicles2022-02-012023-01-3110550416core:FurnitureFittings2022-02-012023-01-3110550416core:OfficeEquipment2022-02-012023-01-3110550416core:NetGoodwill2022-02-012023-01-3110550416core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3110550416core:ListedExchangeTraded2022-02-012023-01-3110550416core:UnlistedNon-exchangeTraded2022-02-012023-01-3110550416core:MoreThanFiveYears2022-02-012023-01-3110550416core:Non-currentFinancialInstruments2023-01-3110550416core:Non-currentFinancialInstruments2022-01-3110550416dpl:CostSales2022-02-012023-01-3110550416dpl:DistributionCosts2022-02-012023-01-3110550416dpl:AdministrativeExpenses2022-02-012023-01-3110550416core:LandBuildings2022-02-012023-01-3110550416core:PlantMachinery2022-02-012023-01-3110550416core:Vehicles2022-02-012023-01-3110550416core:FurnitureFittings2022-02-012023-01-3110550416core:OfficeEquipment2022-02-012023-01-3110550416core:NetGoodwill2022-02-012023-01-3110550416core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3110550416dpl:GroupUndertakings2022-02-012023-01-3110550416dpl:ParticipatingInterests2022-02-012023-01-3110550416dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3110550416core:ListedExchangeTraded2022-02-012023-01-3110550416dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3110550416core:UnlistedNon-exchangeTraded2022-02-012023-01-3110550416dpl:CostSales2021-02-012022-01-3110550416dpl:DistributionCosts2021-02-012022-01-3110550416dpl:AdministrativeExpenses2021-02-012022-01-3110550416core:LandBuildings2021-02-012022-01-3110550416core:PlantMachinery2021-02-012022-01-3110550416core:Vehicles2021-02-012022-01-3110550416core:FurnitureFittings2021-02-012022-01-3110550416core:OfficeEquipment2021-02-012022-01-3110550416core:NetGoodwill2021-02-012022-01-3110550416core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-3110550416dpl:GroupUndertakings2021-02-012022-01-3110550416dpl:ParticipatingInterests2021-02-012022-01-3110550416dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-012022-01-3110550416core:ListedExchangeTraded2021-02-012022-01-3110550416dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-012022-01-3110550416core:UnlistedNon-exchangeTraded2021-02-012022-01-3110550416core:NetGoodwill2023-01-3110550416core:IntangibleAssetsOtherThanGoodwill2023-01-3110550416core:LandBuildings2023-01-3110550416core:PlantMachinery2023-01-3110550416core:Vehicles2023-01-3110550416core:FurnitureFittings2023-01-3110550416core:OfficeEquipment2023-01-3110550416core:AfterOneYear2023-01-3110550416core:WithinOneYear2023-01-3110550416core:ListedExchangeTraded2023-01-3110550416core:UnlistedNon-exchangeTraded2023-01-3110550416core:ShareCapital2023-01-3110550416core:SharePremium2023-01-3110550416core:RevaluationReserve2023-01-3110550416core:OtherReservesSubtotal2023-01-3110550416core:RetainedEarningsAccumulatedLosses2023-01-3110550416core:NetGoodwill2022-01-3110550416core:IntangibleAssetsOtherThanGoodwill2022-01-3110550416core:LandBuildings2022-01-3110550416core:PlantMachinery2022-01-3110550416core:Vehicles2022-01-3110550416core:FurnitureFittings2022-01-3110550416core:OfficeEquipment2022-01-3110550416core:AfterOneYear2022-01-3110550416core:WithinOneYear2022-01-3110550416core:L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THE NETWORK FORUM LIMITED

Registered Number
10550416
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

THE NETWORK FORUM LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

BARMAN, Andrew Thomas Campbell
JOHNIS, Anismah
JONES, Edward Michael

Registered Address

63/66 Hatton Garden
Fifth Floor, Suite 23
London
EC1N 8LE

Registered Number

10550416 (England and Wales)
THE NETWORK FORUM LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets593343
93343
Current assets
Debtors6503,696381,330
Cash at bank and on hand2,182,7971,461,640
2,686,4931,842,970
Creditors amounts falling due within one year7(477,651)(308,431)
Net current assets (liabilities)2,208,8421,534,539
Total assets less current liabilities2,208,9351,534,882
Net assets2,208,9351,534,882
Capital and reserves
Called up share capital100100
Profit and loss account2,208,8351,534,782
Shareholders' funds2,208,9351,534,882
The financial statements were approved and authorised for issue by the Board of Directors on 14 September 2023, and are signed on its behalf by:
BARMAN, Andrew Thomas Campbell
Director
JONES, Edward Michael
Director

Registered Company No. 10550416
THE NETWORK FORUM LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year44
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 February 223,585
At 31 January 233,585
Depreciation and impairment
At 01 February 223,242
Charge for year250
At 31 January 233,492
Net book value
At 31 January 2393
At 31 January 22343
6.Debtors

2023

2022

££
Trade debtors / trade receivables253,696129,814
Other debtors250,000251,516
Total503,696381,330
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Other debtors include a loan of £250,000 to Mr Edward Jones repayable along with interest @3%. Mr Jones is the director of the company and shareholder of (GFN) Global Financial Networks Ltd. GFN owns 50% of The Network Forum Limited. The loan is repayable on demand.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables384860
Taxation and social security239,499137,522
Other creditors237,118170,049
Accrued liabilities and deferred income650-
Total477,651308,431
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.