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REGISTERED NUMBER: 07460263 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 May 2023

for

Transmedia Storyteller Ltd

Transmedia Storyteller Ltd (Registered number: 07460263)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Report of the Directors 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Transmedia Storyteller Ltd

Company Information
for the year ended 31 May 2023







DIRECTORS: R C Pratten
Mrs H Pratten





REGISTERED OFFICE: Flat 43 Sanderling Lodge
Star Place
London
E1W 1AJ





REGISTERED NUMBER: 07460263 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

Transmedia Storyteller Ltd (Registered number: 07460263)

Report of the Directors
for the year ended 31 May 2023

The directors present their report with the financial statements of the company for the year ended 31 May 2023.

REVIEW OF BUSINESS
Transmedia Storyteller Ltd has again achieved strong turnover growth in FY23, in both licence and consulting revenue. This additional revenue has been reinvested, with an increase in people and marketing at growth rates above those achieved in turnover to support the strategy of continued improvement in the technology and future growth. The company achieved ISO 27001 certification in October 2023.

The company has continued to be self-funding, with a repayment of loan capital to the shareholders in the year.

DIRECTOR
R C Pratten held office during the whole of the period from 1 June 2022 to the date of this report.

Other changes in directors holding office are as follows:

Mrs H Pratten was appointed as a director after 31 May 2023 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R C Pratten - Director


29 November 2023

Transmedia Storyteller Ltd (Registered number: 07460263)

Abridged Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 479,348 374,924
Tangible assets 5 30,845 25,814
510,193 400,738

CURRENT ASSETS
Debtors 428,473 246,315
Cash at bank 223,688 740,073
652,161 986,388
CREDITORS
Amounts falling due within one year 605,790 404,697
NET CURRENT ASSETS 46,371 581,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

556,564

982,429

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Shareholder loans 586,875 1,031,453
Retained earnings (31,311 ) (50,024 )
SHAREHOLDERS' FUNDS 556,564 982,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Transmedia Storyteller Ltd (Registered number: 07460263)

Abridged Balance Sheet - continued
31 May 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 November 2023 and were signed on its behalf by:





R C Pratten - Director


Transmedia Storyteller Ltd (Registered number: 07460263)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Transmedia Storyteller Ltd 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

Basis of preparing the financial statements
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.

Turnover
Turnover represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost less depreciation.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Development costs
Expenditure incurred on development projects are capitalised as long-term assets to the extent that such expenditure is expected to generate future economic benefits.

Capitalised development expenditure is measured at cost less accumulated amortisation and impairment losses, if any. Development expenditure initially recognised as an expense is not recognised as assets in the subsequent period. The development expenditure is amortised on a straight-line method over a period of not exceeding 5 years when the products are ready for sale or use. In the event that the expected future economic benefits are no longer probable of being recovered, the development expenditure is written down to its recoverable amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 12 ) .

Transmedia Storyteller Ltd (Registered number: 07460263)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 1,036,061
Additions 250,580
At 31 May 2023 1,286,641
AMORTISATION
At 1 June 2022 661,137
Amortisation for year 146,156
At 31 May 2023 807,293
NET BOOK VALUE

At 31 May 2023 479,348
At 31 May 2022 374,924

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 49,992
Additions 15,727
At 31 May 2023 65,719
DEPRECIATION
At 1 June 2022 24,178
Charge for year 10,696
At 31 May 2023 34,874
NET BOOK VALUE
At 31 May 2023 30,845
At 31 May 2022 25,814

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
970 Ordinary £1 970 970
30 "A" Ordinary £1 30 30
1,000 1,000

The shares shall have the following voting rights (whether at a general meeting or by way of a written resolution):

The Ordinary shares shall have one vote per share, each having rights to dividends.

The "A" Ordinary shares have no rights but will rank pari pasu with the issued Ordinary shares on the sale of the business.

Transmedia Storyteller Ltd (Registered number: 07460263)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr R C Pratten & Mrs H Pratten by virtue of their 73% ownership of the issued share capital.