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GOOD MEDIA HOLDINGS LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
Good Media Holdings Ltd is a limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, United Kingdon, WD6 1JD.
The principal activity of the Company during the year was that of a holding company.
The financial statements are presented in £ sterling, which is the functional currency of the Company.
2.Accounting policies
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Basis of preparation of financial statements
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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.
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Basic financial instruments
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The Company only enters into transactions that result in basic financial instruments such as trade
and other debtors, trade and other creditors, cash at bank and in hand.
Trade debtors and other debtors are recognised initially at the transaction price less attributable
transaction costs. Trade creditors and other creditors are recognised initially at transaction price plus
attributable transaction costs. Subsequently they are measured at amortised cost using the effective
interest method, less any impairment losses in the case of trade and other debtors.
Cash and cash equivalents comprise cash balances and call deposits.
Investments in subsidiaries are measured at cost less accumulated impairment.
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The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
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