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Registered number: 07503323
Bombora Media Limited
Unaudited Financial Statements
For The Year Ended 30 April 2023
Ten Forward Accounting Ltd
Chartered Certified Accountants
1 Mountview Court
310 Friern Barnet Lane
London
N20 0LD
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07503323
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 469
- 469
CURRENT ASSETS
Debtors 5 129,059 251,820
Cash at bank and in hand 19,695 987
148,754 252,807
Creditors: Amounts Falling Due Within One Year 6 (354,552 ) (164,254 )
NET CURRENT ASSETS (LIABILITIES) (205,798 ) 88,553
TOTAL ASSETS LESS CURRENT LIABILITIES (205,798 ) 89,022
Creditors: Amounts Falling Due After More Than One Year 7 (22,482 ) (31,446 )
NET (LIABILITIES)/ASSETS (228,280 ) 57,576
CAPITAL AND RESERVES
Called up share capital 8 200,001 200,001
Profit and Loss Account (428,281 ) (142,425 )
SHAREHOLDERS' FUNDS (228,280) 57,576
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For the year ending 30 April 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Hunstone
Director
23 April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bombora Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07503323 . The registered office is 16 Warner Street, London, EC1R 5HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for the foreseeable future.
On this basis, the directors considers it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Research and Development
Expenditure on research and development is written off in the year it is incurred.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.33% Straight Line Basis
Computer Equipment 33.33% Straight Line Basis
2.6. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 8)
8 8
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 May 2022 58,179 23,527 81,706
As at 30 April 2023 58,179 23,527 81,706
Depreciation
As at 1 May 2022 58,179 23,058 81,237
Provided during the period - 469 469
As at 30 April 2023 58,179 23,527 81,706
Net Book Value
As at 30 April 2023 - - -
As at 1 May 2022 - 469 469
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 29,958 140,747
Other debtors - 12,717
Corporation tax recoverable assets 24,629 24,629
Directors' loan accounts 74,472 73,727
129,059 251,820
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 602 53,967
Bank loans and overdrafts - 7,888
Other taxes and social security 10,059 6,656
VAT 28,246 46,270
Other creditors 9,973 15,512
Accruals and deferred income 1,070 1,733
Amounts owed to related parties 304,602 32,228
354,552 164,254
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors due 22,482 31,446
22,482 31,446
The company obtained a Bounce Back Loan from NatWest Bank plc in May 2020. This is repayable over 5 years commencing June 2021.
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8. Share Capital
2023 2022
Allotted, called up and fully paid £ £
1 Ordinary A shares of £ 1.000 each 1 1
Preference Shares
2023 2022
Allotted, called up and fully paid £ £
200,000 Preference Shares of £ 1.000 each 200,000 200,000
9. Directors Advances, Credits and Guarantees
During the year, there were no movements to the Loans to directors balance. Interest at the approved HMRC rate has been applied to the loan. The Loans balance at the year end is £74,472, which represents the amount owed by directors to the company at the year end.
10. Related Party Transactions
Hub Productions LimitedHub Productions Ltd is also controlled by one of the directors of the company, Mr David Hunstone.During the year Hub Productions Ltd paid expenses of £178,124 (2022: £20,143) on behalf of Bombora Media Ltd and provided an interest free loan to Bombora Media Ltd of £109,500 (2022: £74,500) with Bombora Media Ltd repaying £15,250 during the year. At year end Bombora Media Ltd owed Hub Productions Ltd £304,602 (2022 £32,228).

Hub Productions Limited

Hub Productions Ltd is also controlled by one of the directors of the company, Mr David Hunstone.

During the year Hub Productions Ltd paid expenses of £178,124 (2022: £20,143) on behalf of Bombora Media Ltd and provided an interest free loan to Bombora Media Ltd of £109,500 (2022: £74,500) with Bombora Media Ltd repaying £15,250 during the year. At year end Bombora Media Ltd owed Hub Productions Ltd £304,602 (2022 £32,228).

11. Ultimate Controlling Party
The company's ultimate controlling party is Mr David Hunstone by virtue of his ownership of 100% of the issued ordinary share capital in the company.
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