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REGISTERED NUMBER: NI676430 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024

FOR

FAT PANDA MEDIA LTD

FAT PANDA MEDIA LTD (REGISTERED NUMBER: NI676430)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


FAT PANDA MEDIA LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024







DIRECTORS: Dr C Bartlett
Mrs C Bartlett





REGISTERED OFFICE: 10 High Street
Holywood
BT18 9AZ





REGISTERED NUMBER: NI676430 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

FAT PANDA MEDIA LTD (REGISTERED NUMBER: NI676430)

BALANCE SHEET
31 MARCH 2024

31.3.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,718 -

CURRENT ASSETS
Debtors 5 45,146 30,328
Cash at bank 72,806 10
117,952 30,338
CREDITORS
Amounts falling due within one year 6 53,991 12,266
NET CURRENT ASSETS 63,961 18,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,679

18,072

CREDITORS
Amounts falling due after more than one
year

7

(40,442

)

-

PROVISIONS FOR LIABILITIES (8,738 ) -
NET ASSETS 54,499 18,072

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,399 17,972
54,499 18,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

FAT PANDA MEDIA LTD (REGISTERED NUMBER: NI676430)

BALANCE SHEET - continued
31 MARCH 2024


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 23 July 2024 and were signed on its behalf by:





Dr C Bartlett - Director


FAT PANDA MEDIA LTD (REGISTERED NUMBER: NI676430)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Fat Panda Media Ltd is a private company, limited by shares , registered in Northern Ireland. 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
In preparing these financial statements the directors have made no significant judgements or estimates.

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

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

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

Taxation
Taxation for the period 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 period 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.

FAT PANDA MEDIA LTD (REGISTERED NUMBER: NI676430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 46,480
At 31 March 2024 46,480
DEPRECIATION
Charge for period 6,762
At 31 March 2024 6,762
NET BOOK VALUE
At 31 March 2024 39,718

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Trade debtors 43,991 -
Other debtors 1,155 30,328
45,146 30,328

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Hire purchase contracts 5,909 -
Taxation and social security 44,501 4,625
Other creditors 3,581 7,641
53,991 12,266

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 30.6.23
£    £   
Hire purchase contracts 40,442 -

FAT PANDA MEDIA LTD (REGISTERED NUMBER: NI676430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2023 TO 31 MARCH 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 30.6.23
£    £   
Hire purchase contracts 46,351 -

Hire Purchase agreements are secured on the asset to which they relate.