1 January 2022 false No description of principal activity Taxfiler 2023.10 09900326business:PrivateLimitedCompanyLtd2022-01-012022-12-31 099003262021-12-31 099003262022-01-012022-12-31 09900326business:AuditExempt-NoAccountantsReport2022-01-012022-12-31 09900326business:FilletedAccounts2022-01-012022-12-31 099003262022-12-31 099003262021-12-31 09900326core:WithinOneYear2022-12-31 09900326core:WithinOneYear2021-12-31 09900326core:AfterOneYear2022-12-31 09900326core:AfterOneYear2021-12-31 09900326core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 09900326core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 09900326core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 09900326core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 09900326core:PreviouslyStatedAmount2022-12-31 09900326core:PreviouslyStatedAmount2021-12-31 09900326business:SmallEntities2022-01-012022-12-31 09900326business:Director12022-01-012022-12-31 09900326countries:EnglandWales2022-01-012022-12-31 09900326business:RegisteredOffice2022-01-012022-12-31 09900326core:FurnitureFittings2022-01-012022-12-31 09900326core:FurnitureFittings2021-12-31 09900326core:FurnitureFittings2022-12-31 09900326core:WithinOneYear2022-01-012022-12-31 09900326core:AfterOneYear2022-01-012022-12-31 09900326business:Director112022-01-012022-12-31 09900326business:Director112021-12-31 09900326business:Director112022-12-31 099003262021-01-012021-12-31 iso4217:GBP xbrli:pure
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
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
144 
Investments
1 
1 
1 
145 
Current assets
Debtors
17,132 
24,450 
Cash at bank and in hand
100 
100 
17,232 
24,550 
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)
Capital and reserves
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
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PEA FINANCIAL MEDIA LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 January 2022
692 
At 31 December 2022
692 
Depreciation
At 1 January 2022
548 
Charge for the year
144 
At 31 December 2022
692 
Net book value
At 31 December 2022
- 
At 31 December 2021
144 
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.
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PEA FINANCIAL MEDIA LTD Notes to the Accounts for the year ended 31 December 2022
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,077 
17,145 
Amounts due from group undertakings etc.
753 
753 
Other debtors
3,302 
6,552 
17,132 
24,450 
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 
14,779 
16,936 
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).
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Abigail Bupe Christiana MWAMBA
Director's advances, credits and guarantees
(3,483)
16,888 
12,708 
697 
(3,483)
16,888 
12,708 
697 
10
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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