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REGISTERED NUMBER: 07297576 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Yuza Media Limited

Yuza Media Limited (Registered number: 07297576)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Yuza Media Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: M S M Alessi
T Cohen
S Alessi
M Alessi



REGISTERED OFFICE: St James House
9-15 St James Road
Surbiton
Surrey
KT6 4QH



REGISTERED NUMBER: 07297576 (England and Wales)



ACCOUNTANTS: Fallows & Company Accountants & Business Advisors
St James House
9-15 St James Road
Surbiton
Surrey
KT6 4QH



BANKERS: National Westminster Bank Plc
250 Regent Street
London
W1B 3BN

Yuza Media Limited (Registered number: 07297576)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 108,808 108,808
Tangible assets 5 - -
108,808 108,808

CURRENT ASSETS
Debtors 6 293,765 293,765
Cash at bank 246 260
294,011 294,025
CREDITORS
Amounts falling due within one year 7 807,986 806,676
NET CURRENT LIABILITIES (513,975 ) (512,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(405,167

)

(403,843

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (405,168 ) (403,844 )
SHAREHOLDERS' FUNDS (405,167 ) (403,843 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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:



T Cohen - Director


Yuza Media Limited (Registered number: 07297576)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Yuza 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.

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.

An impairment loss has been recognised in the Income Statement, following an assessment at the Balance Sheet date indicating the recoverable amount was less than its carrying value.

Development costs are being amortised evenly over their estimated useful life of ten years.

Development costs
In accordance with Statement of Standard Accounting Practice 13 the company defers its website development activity to the extent that its recovery can be reasonably regarded as assured by capitalising the cost as an intangible fixed asset and amortising it over its estimated useful life of 10 years.

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 - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Yuza Media Limited (Registered number: 07297576)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 295,578
AMORTISATION
At 1 July 2022
and 30 June 2023 186,770
NET BOOK VALUE
At 30 June 2023 108,808
At 30 June 2022 108,808

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022
and 30 June 2023 7,222
DEPRECIATION
At 1 July 2022
and 30 June 2023 7,222
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 228,265 228,265
Other debtors 65,500 65,500
293,765 293,765

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 37 949
Amounts owed to group undertakings 807,289 805,052
Accrued expenses 660 675
807,986 806,676

Yuza Media Limited (Registered number: 07297576)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

Name: Yuza Holdings Ltd

Registered Address: St James House
9-15 St James Road
Surbiton
Surrey
KT6 4QH