1 July 2022 false No description of principal activity Taxfiler 2023.14 09120590business:PrivateLimitedCompanyLtd2022-07-012023-06-30 091205902022-06-30 091205902022-07-012023-06-30 09120590business:AuditExemptWithAccountantsReport2022-07-012023-06-30 09120590business:FilletedAccounts2022-07-012023-06-30 091205902023-06-30 09120590business:Director12022-07-012023-06-30 09120590business:Director22022-07-012023-06-30 09120590business:RegisteredOffice2022-07-012023-06-30 091205902022-06-30 09120590core:WithinOneYear2023-06-30 09120590core:WithinOneYear2022-06-30 09120590core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 09120590core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 09120590core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 09120590core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 09120590core:PreviouslyStatedAmount2023-06-30 09120590core:PreviouslyStatedAmount2022-06-30 09120590business:SmallEntities2022-07-012023-06-30 09120590countries:EnglandWales2022-07-012023-06-30 09120590core:IntangibleAssetsOtherThanGoodwill2022-06-30 09120590core:IntangibleAssetsOtherThanGoodwill2023-06-30 09120590business:OrdinaryShareClass12022-07-012023-06-30 09120590business:OrdinaryShareClass12021-07-012022-06-30 091205902021-07-012022-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09120590 (England and Wales)
Neighbourhood Media Networks Ltd Unaudited accounts for the year ended 30 June 2023
Neighbourhood Media Networks Ltd Unaudited accounts Contents
Page
- 2 -
Neighbourhood Media Networks Ltd Company Information for the year ended 30 June 2023
Directors
Dominic Justin Brookman Timothy Ritson
Company Number
09120590 (England and Wales)
Registered Office
The London Office 85, Great Portland Street London W1W 7LT
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
- 3 -
Neighbourhood Media Networks Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
20,000 
20,000 
Current assets
Debtors
3,523 
- 
Cash at bank and in hand
40 
9 
3,563 
9 
Creditors: amounts falling due within one year
(138,407)
(32,490)
Net current liabilities
(134,844)
(32,481)
Net liabilities
(114,844)
(12,481)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(114,944)
(12,581)
Shareholders' funds
(114,844)
(12,481)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2024 and were signed on its behalf by
Dominic Justin Brookman Director Company Registration No. 09120590
- 4 -
Neighbourhood Media Networks Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Neighbourhood Media Networks Ltd is a private company, limited by shares, registered in England and Wales, registration number 09120590. The registered office is The London Office, 85, Great Portland Street, London, W1W 7LT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
10,920 
At 30 June 2023
10,920 
Amortisation
At 1 July 2022
10,920 
At 30 June 2023
10,920 
Net book value
At 30 June 2023
- 
- 5 -
Neighbourhood Media Networks Ltd Notes to the Accounts for the year ended 30 June 2023
5
Investments
Other investments 
£ 
Valuation at 1 July 2022
20,000 
Valuation at 30 June 2023
20,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
3,523 
- 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
13,037 
- 
Amounts owed to group undertakings and other participating interests
124,880 
1,010 
Taxes and social security
400 
30,896 
Loans from directors
- 
494 
Accruals
90 
90 
138,407 
32,490 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
MyTown Technologies Ltd: The company is related to Neighbourhood Media Networks Ltd by virtue of common shareholders and directors. The amount owed to MyTown Ltd at the balance sheet date was £124,880 (2022: £1,010).
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -