Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30falsefalsefalse2022-12-01Provision of information to financial markets.11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12745707 2022-12-01 2023-11-30 12745707 2021-12-01 2022-11-30 12745707 2023-11-30 12745707 2022-11-30 12745707 c:Director2 2022-12-01 2023-11-30 12745707 d:OfficeEquipment 2022-12-01 2023-11-30 12745707 d:OfficeEquipment 2023-11-30 12745707 d:OfficeEquipment 2022-11-30 12745707 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 12745707 d:CurrentFinancialInstruments 2023-11-30 12745707 d:CurrentFinancialInstruments 2022-11-30 12745707 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12745707 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12745707 d:ShareCapital 2023-11-30 12745707 d:ShareCapital 2022-11-30 12745707 d:RetainedEarningsAccumulatedLosses 2023-11-30 12745707 d:RetainedEarningsAccumulatedLosses 2022-11-30 12745707 c:FRS102 2022-12-01 2023-11-30 12745707 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12745707 c:AbridgedAccounts 2022-12-01 2023-11-30 12745707 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12745707 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 12745707









ECONOSTREAM NEWS LIMITED








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
ECONOSTREAM NEWS LIMITED
REGISTERED NUMBER: 12745707

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
346
681

  
346
681

Current assets
  

Debtors
 5 
43,424
8,652

Cash at bank and in hand
 6 
13,168
-

  
56,592
8,652

Creditors: amounts falling due within one year
 7 
(329,388)
(142,361)

Net current liabilities
  
 
 
(272,796)
 
 
(133,709)

Total assets less current liabilities
  
(272,450)
(133,028)

Net liabilities
  
(272,450)
(133,028)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(273,450)
(134,028)

Shareholders' funds
  
(272,450)
(133,028)


The directors consider 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 directors acknowledge their 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 income and retained earnings 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 14 August 2024.




Mr R G Belec
Director

Page 1

 
ECONOSTREAM NEWS LIMITED
REGISTERED NUMBER: 12745707
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ECONOSTREAM NEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The Company is incorporated in England and Wales and is limited by shares.  

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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.

Page 3

 
ECONOSTREAM NEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight-line method

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 profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
ECONOSTREAM NEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 December 2022
1,016



At 30 November 2023

1,016



Depreciation


At 1 December 2022
335


Charge for the year on owned assets
335



At 30 November 2023

670



Net book value



At 30 November 2023
346



At 30 November 2022
681


5.


Debtors

2023
2022
£
£


Trade debtors
27,817
7,652

Amounts owed by joint ventures and associated undertakings
14,607
-

Other debtors
1,000
1,000

43,424
8,652



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
13,168
-

13,168
-


Page 5

 
ECONOSTREAM NEWS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Payments received on account
27,481
23,777

Other taxation and social security
12,522
6,680

Other creditors
285,885
110,804

Accruals and deferred income
3,500
1,100

329,388
142,361



8.


Related party transactions

Econostream Media Limited owns 75% of the shares in Econostream Vision Limited.  At the year end, £285,885 (2022 - £110,804) was due to Econostream Media Limited and is included under creditors.


9.


Controlling party

The company was controlled through the period by Econostream Holdings Limited by virtue of the fact that it has an interest in the majority of the company's ordinary issued share capital.

 
Page 6