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REGISTERED NUMBER: 11448054 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Liverpool Student Media Ltd

Liverpool Student Media Ltd (Registered number: 11448054)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Liverpool Student Media Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: P M Chapman
Mrs C McErlean
Mrs K A Ohene-Djan





SECRETARY: P Benton





REGISTERED OFFICE: Students Life Building
10 Copperas Hill
Liverpool
L3 5AH





REGISTERED NUMBER: 11448054 (England and Wales)





AUDITORS: Haines Watts
Statutory Auditor
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Liverpool Student Media Ltd (Registered number: 11448054)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £ £
CURRENT ASSETS
Debtors 4 16,738 37,733
Cash at bank 89,947 45,887
106,685 83,620
CREDITORS
Amounts falling due within one year 5 24,698 69,423
NET CURRENT ASSETS 81,987 14,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,987

14,197

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 81,985 14,195
81,987 14,197

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

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 5 February 2024 and were signed on its behalf by:





P M Chapman - Director


Liverpool Student Media Ltd (Registered number: 11448054)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Liverpool Student Media 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.

Presentational currency
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Liverpool Student Media Ltd (Registered number: 11448054)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£ £
Trade debtors 1,864 22,759
Other debtors 14,874 14,974
16,738 37,733

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£ £
Trade creditors - 4,390
Amounts owed to group undertakings 24,698 53,507
Other creditors - 11,526
24,698 69,423

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Francis Murphy FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts

7. ULTIMATE CONTROLLING PARTY

The company is wholly owned by Liverpool John Moores University Students' Union, its ultimate parent undertaking.

The parent undertaking of the largest and smallest group for which consolidated financial statements are prepared is Liverpool John Moores University Students' Union. Consolidated accounts are available from Liverpool John Moores University, John Foster Building, 98 Mount Pleasant, Liverpool, Merseyside, United Kingdom, L3 5UZ.