Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false2023-06-01No description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02086285 2023-06-01 2024-05-31 02086285 2022-06-01 2023-05-31 02086285 2024-05-31 02086285 2023-05-31 02086285 c:Director1 2023-06-01 2024-05-31 02086285 d:FurnitureFittings 2023-06-01 2024-05-31 02086285 d:OtherPropertyPlantEquipment 2024-05-31 02086285 d:OtherPropertyPlantEquipment 2023-05-31 02086285 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 02086285 d:CurrentFinancialInstruments 2024-05-31 02086285 d:CurrentFinancialInstruments 2023-05-31 02086285 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 02086285 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 02086285 d:ShareCapital 2024-05-31 02086285 d:ShareCapital 2023-05-31 02086285 d:RetainedEarningsAccumulatedLosses 2024-05-31 02086285 d:RetainedEarningsAccumulatedLosses 2023-05-31 02086285 c:OrdinaryShareClass1 2023-06-01 2024-05-31 02086285 c:OrdinaryShareClass1 2024-05-31 02086285 c:FRS102 2023-06-01 2024-05-31 02086285 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 02086285 c:FullAccounts 2023-06-01 2024-05-31 02086285 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 02086285 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 02086285














OPEN MEDIA LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

 
OPEN MEDIA LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 5


 
OPEN MEDIA LIMITED
REGISTERED NUMBER:02086285

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
415
583

Current assets
  

Debtors: amounts falling due within one year
 5 
344
313

Cash at bank and in hand
  
7,264
6,470

  
7,608
6,783

  

Creditors: amounts falling due within one year
 6 
(126,757)
(126,867)

Net current liabilities
  
 
 
(119,149)
 
 
(120,084)

  

Net liabilities
  
(118,734)
(119,501)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(118,834)
(119,601)

  
(118,734)
(119,501)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 August 2024.



A Cody
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
OPEN MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Open Media Limited is a private limited liability company incorporated in England and Wales with its registered office address at 2nd Floor Connaught House, 1-3 Mount Street, (Entrance Via Davies Street), London, United Kingdom, W1K 3NB.
The principal activity of the company continued to be the exploitation of television rights.
The financial statements are presented in £ Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued financial support of the shareholder who has provided an interest free loan of £135,507.

 
2.3

Turnover

Turnover  represents amounts receivable from the exploitation of television rights during the year, exclusive of Value Added Tax.
Turnover is recognised at the point the company is contractually entitled to the income.

Page 2

 
OPEN MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.5

Debtors

Short term debtors are measured at the transaction price.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without
penalty.

 
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties 

 
2.8

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The director was the only employee of the Company during the current and the preceding year.

Page 3

 
OPEN MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Other fixed assets

£



Cost


At 1 June 2023
15,868



At 31 May 2024

15,868



Depreciation


At 1 June 2023
15,285


Charge for the year on owned assets
168



At 31 May 2024

15,453



Net book value



At 31 May 2024
415



At 31 May 2023
583


5.


Debtors

2024
2023
£
£


Other debtors
344
313



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
125,507
125,167

Accruals and deferred income
1,250
1,700

126,757
126,867


Page 4

 
OPEN MEDIA LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100


 
Page 5