CATENA MEDIA UK LIMITED

Company Registration Number:
07381409 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

CATENA MEDIA UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CATENA MEDIA UK LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Reference to the Strategic report The Company acts as a limited risk provider of technical design and content development, search engine optimisation (“SEO”), and other support services to its immediate parent company, Catena Operations Limited, a company incorporated in Malta, forming part of the Catena Media Group (“Catena Media”). It seeks to attract consumers and channel them to online and mobile business clients within casino and sports industries.

Additional information

Financial instruments and risk management Going concern Post reporting date events Statement of directors’ responsibilities in respect of the financial statements Directors' confirmations



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

Pierre Anthony Cadena


The director shown below has held office during the period of
1 January 2023 to 11 December 2023

Nigel Robert Frith


The director shown below has held office during the period of
1 January 2023 to 6 April 2023

Peter Messner


The directors shown below have held office during the period of
11 December 2023 to 31 December 2023

Jan Rune Tjernell
Michael John Daly


The director shown below has held office during the period of
6 April 2023 to 11 December 2023

Julian Bazley


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
14 August 2024

And signed on behalf of the board by:
Name: Jan Rune Tjernell
Status: Director

CATENA MEDIA UK LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 4,448,243 6,612,318
Cost of sales: ( 48,316 ) ( 15,182 )
Gross profit(or loss): 4,399,927 6,597,136
Administrative expenses: ( 4,009,526 ) ( 6,018,482 )
Operating profit(or loss): 390,401 578,654
Profit(or loss) before tax: 390,401 578,654
Tax: ( 131,338 ) ( 134,793 )
Profit(or loss) for the financial year: 259,063 443,861

CATENA MEDIA UK LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 53,524 118,438
Tangible assets: 4 26,002 47,464
Total fixed assets: 79,526 165,902
Current assets
Debtors: 5 6,088,024 5,691,578
Cash at bank and in hand: 780,659 595,143
Total current assets: 6,868,683 6,286,721
Creditors: amounts falling due within one year: 6 ( 473,744 ) ( 237,221 )
Net current assets (liabilities): 6,394,939 6,049,500
Total assets less current liabilities: 6,474,465 6,215,402
Total net assets (liabilities): 6,474,465 6,215,402
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 6,474,365 6,215,302
Total Shareholders' funds: 6,474,465 6,215,402

The notes form part of these financial statements

CATENA MEDIA UK LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 14 August 2024
and signed on behalf of the board by:

Name: Jan Rune Tjernell
Status: Director

The notes form part of these financial statements

CATENA MEDIA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT. Turnover consists of commission income and service fees.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following basis Office furniture and equipment Straight line over 4 to 10 years Computer equipment Straight line over 4 years The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

    Intangible fixed assets amortisation policy

    Intangible assets relate to the purchase of domain names and internal development. Intangible assets are stated as cost less amortisation and are reviewed for impairment whenever there is an indication that the carrying value may be impaired. Amortisation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following basis Internal Development Straight line over 3 years Domains Straight line over 1 year

    Other accounting policies

    Financial instruments Equity instruments Taxation Employee benefits Leases Foreign exchange

CATENA MEDIA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 32 63

CATENA MEDIA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 303,715 303,715
Additions 16,838 16,838
Disposals
Revaluations
Transfers
At 31 December 2023 320,553 320,553
Amortisation
At 1 January 2023 185,277 185,277
Charge for year 78,719 78,719
On disposals
Other adjustments 3,033 3,033
At 31 December 2023 267,029 267,029
Net book value
At 31 December 2023 53,524 53,524
At 31 December 2022 118,438 118,438

CATENA MEDIA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 189,497 189,497
Additions 4,868 4,868
Disposals ( 19,783 ) ( 19,783 )
Revaluations
Transfers
At 31 December 2023 174,582 174,582
Depreciation
At 1 January 2023 142,033 142,033
Charge for year 19,158 19,158
On disposals ( 12,611 ) ( 12,611 )
Other adjustments
At 31 December 2023 148,580 148,580
Net book value
At 31 December 2023 26,002 26,002
At 31 December 2022 47,464 47,464

CATENA MEDIA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Trade debtors 6,055,091 5,623,509
Prepayments and accrued income 18,583 46,115
Other debtors 14,350 21,954
Total 6,088,024 5,691,578

Amounts owed by group undertakings of £ 6,053,220 (2022: 5,605,880) are unsecured, interest free and repayable on demand.

CATENA MEDIA UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 92,202 97,185
Taxation and social security 93,486 52,556
Accruals and deferred income 286,411 87,480
Other creditors 1,645
Total 473,744 237,221