Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-3121The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-01-01falseNo description of principal activityfalsetrue 10429151 2022-01-01 2022-12-31 10429151 2021-01-01 2021-12-31 10429151 2022-12-31 10429151 2021-12-31 10429151 c:Director2 2022-01-01 2022-12-31 10429151 d:OfficeEquipment 2022-01-01 2022-12-31 10429151 d:OfficeEquipment 2022-12-31 10429151 d:OfficeEquipment 2021-12-31 10429151 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 10429151 d:CurrentFinancialInstruments 2022-12-31 10429151 d:CurrentFinancialInstruments 2021-12-31 10429151 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10429151 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10429151 d:ShareCapital 2022-12-31 10429151 d:ShareCapital 2021-12-31 10429151 d:RetainedEarningsAccumulatedLosses 2022-12-31 10429151 d:RetainedEarningsAccumulatedLosses 2021-12-31 10429151 c:OrdinaryShareClass1 2022-01-01 2022-12-31 10429151 c:OrdinaryShareClass1 2022-12-31 10429151 c:OrdinaryShareClass1 2021-12-31 10429151 c:FRS102 2022-01-01 2022-12-31 10429151 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 10429151 c:FullAccounts 2022-01-01 2022-12-31 10429151 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 10429151 6 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10429151










FOODMEDIA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
FOODMEDIA LIMITED
REGISTERED NUMBER: 10429151

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
37
187

Investments
 5 
637,453
628,453

  
637,490
628,640

Current assets
  

Debtors: amounts falling due within one year
 6 
28,320
30,265

Cash at bank and in hand
  
1,450
10,458

  
29,770
40,723

  

Creditors: amounts falling due within one year
 7 
(15,148)
(9,998)

Net current assets
  
 
 
14,622
 
 
30,725

Total assets less current liabilities
  
652,112
659,365

  

Net assets
  
652,112
659,365


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
651,112
658,365

  
652,112
659,365


The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
FOODMEDIA LIMITED
REGISTERED NUMBER: 10429151

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

L Danet
Director

Date: 7 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FOODMEDIA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Foodmedia Ltd is a limited liability company incorporated in England and Wales. The address of its registered office is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.

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 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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
FOODMEDIA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the
Page 4

 
FOODMEDIA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)


2.11
Financial instruments (continued)

present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2022
        2021
            No.
            No.







Officers
2
1


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2022
449



At 31 December 2022

449



Depreciation


At 1 January 2022
262


Charge for the year on owned assets
150



At 31 December 2022

412



Net book value



At 31 December 2022
37



At 31 December 2021
187

Page 5

 
FOODMEDIA LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Fixed asset investments





Investments in associates

£



Cost or valuation


At 1 January 2022
628,453


Additions
9,000



At 31 December 2022
637,453





6.


Debtors

2022
2021
£
£


Amounts owed by joint ventures and associated undertakings
28,320
29,219

Other debtors
-
1,046

28,320
30,265



7.


Creditors: amounts falling due within one year

2022
2021
£
£

Corporation tax
1,400
600

Other creditors
7,648
339

Accruals and deferred income
6,100
9,059

15,148
9,998



8.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1,000 (2021 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



Page 6