Company Registration No. 09900326 (England and Wales)
PEA FINANCIAL MEDIA LTD
Unaudited accounts
for the year ended 31 December 2022
PEA FINANCIAL MEDIA LTD
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
100
100
Creditors: amounts falling due within one year
(14,779)
(16,936)
Net current assets
2,453
7,614
Total assets less current liabilities
2,454
7,759
Creditors: amounts falling due after more than one year
(9,694)
(9,694)
Net liabilities
(7,240)
(1,935)
Called up share capital
1
1
Profit and loss account
(7,241)
(1,936)
Shareholders' funds
(7,240)
(1,935)
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2023 and were signed on its behalf by
Abigail Bupe Christiana MWAMBA
Director
Company Registration No. 09900326
PEA FINANCIAL MEDIA LTD
Notes to the Accounts
for the year ended 31 December 2022
PEA FINANCIAL MEDIA LTD is a private company, limited by shares, registered in England and Wales, registration number 09900326. The registered office is 20-22 WENLOCK ROAD, , LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
- 20% straight line
4
Tangible fixed assets
Fixtures & fittings
5
Investments
Subsidiary undertakings
Valuation at 1 January 2022
1
Valuation at 31 December 2022
1
PEA Financial Media Limited owns 1 ordinary £1 share in Debt Investor Africa Ltd which equates to 100% of the shareholding.
PEA FINANCIAL MEDIA LTD
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
13,077
17,145
Amounts due from group undertakings etc.
753
753
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
5,081
4,452
Other creditors
9,001
9,001
Loans from directors
697
3,483
Included within other creditors is a £8,595 (2021 - £8,595) investment loan which is secured against the shares owned by PEA Financial Media Limited in Debt Investor Africa Ltd (company number: 12168573).
8
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
9,694
9,694
Included within other creditors is a £9,694 (2021 - £9,694) investment loan which is secured against the shares owned by PEA Financial Media Limited in Debt Investor Africa Ltd (company number: 12168573).
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Abigail Bupe Christiana MWAMBA
Director's advances, credits and guarantees
(3,483)
16,888
12,708
697
10
Average number of employees
During the year the average number of employees was 0 (2021: 0).