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REGISTERED NUMBER: 06411370 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

Skan Media Limited

Skan Media Limited (Registered number: 06411370)

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


Skan Media Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: M S M Alessi
T Cohen



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



REGISTERED NUMBER: 06411370 (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

Skan Media Limited (Registered number: 06411370)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 90,371 90,109
Cash at bank 142 404
90,513 90,513
CREDITORS
Amounts falling due within one year 5 345,892 344,352
NET CURRENT LIABILITIES (255,379 ) (253,839 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(255,379

)

(253,839

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (255,479 ) (253,939 )
SHAREHOLDERS' FUNDS (255,379 ) (253,839 )

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


Skan Media Limited (Registered number: 06411370)

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


1. STATUTORY INFORMATION

Skan 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.

Significant judgements and estimates
No significant judgements and estimates have had to be made by the directors in preparing these financial statements.

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).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 90,371 90,109

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 37 982
Amounts owed to group undertakings 333,553 331,053
VAT 9,313 9,313
Other creditors 2,329 2,329
Accrued expenses 660 675
345,892 344,352

Skan Media Limited (Registered number: 06411370)

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


6. 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.

7. ULTIMATE CONTROLLING PARTY

Name: Yuza Holdings Ltd

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