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REGISTERED NUMBER: 11293816 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

THREADNEEDLE MEDIA LIMITED

THREADNEEDLE MEDIA LIMITED (REGISTERED NUMBER: 11293816)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THREADNEEDLE MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M Berrett
A Cerqeti
S Cole
M Hasteley
G Hedley





SECRETARY:





REGISTERED OFFICE: 60 Gracechurch Street
London
EC3V 0HR





REGISTERED NUMBER: 11293816 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

THREADNEEDLE MEDIA LIMITED (REGISTERED NUMBER: 11293816)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 486,500 486,500
Tangible assets 5 27,913 37,218
514,413 523,718

CURRENT ASSETS
Debtors 6 716,121 521,547
Cash at bank 12,228 9,244
728,349 530,791
CREDITORS
Amounts falling due within one year 7 1,342,884 1,130,872
NET CURRENT LIABILITIES (614,535 ) (600,081 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(100,122

)

(76,363

)

CREDITORS
Amounts falling due after more than one
year

8

31,366

42,014
NET LIABILITIES (131,488 ) (118,377 )

CAPITAL AND RESERVES
Called up share capital 129 129
Retained earnings (131,617 ) (118,506 )
SHAREHOLDERS' FUNDS (131,488 ) (118,377 )

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

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

THREADNEEDLE MEDIA LIMITED (REGISTERED NUMBER: 11293816)

BALANCE SHEET - continued
31 MARCH 2023


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 8 February 2024 and were signed on its behalf by:





S Cole - Director


THREADNEEDLE MEDIA LIMITED (REGISTERED NUMBER: 11293816)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Threadneedle Media Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 11 ) .

THREADNEEDLE MEDIA LIMITED (REGISTERED NUMBER: 11293816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2022
and 31 March 2023 486,500
NET BOOK VALUE
At 31 March 2023 486,500
At 31 March 2022 486,500

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 66,166
DEPRECIATION
At 1 April 2022 28,948
Charge for year 9,305
At 31 March 2023 38,253
NET BOOK VALUE
At 31 March 2023 27,913
At 31 March 2022 37,218

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 677,215 491,769
Other debtors 4,148 4,148
Prepayments and accrued income 34,758 25,630
716,121 521,547

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 45,726 31,595
Social security and other taxes 26,870 34,391
VAT 460,300 264,133
Other creditors 806,238 778,326
Accruals and deferred income 3,750 22,427
1,342,884 1,130,872

THREADNEEDLE MEDIA LIMITED (REGISTERED NUMBER: 11293816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 2-5 years 31,366 42,014