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REGISTERED NUMBER: 08853705 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

AMBIE MEDIA LIMITED

AMBIE MEDIA LIMITED (REGISTERED NUMBER: 08853705)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMBIE MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G Chain
T O Chandos
D J Marks





REGISTERED OFFICE: Building 1000
Cambridge Research Park
Waterbeach
Cambridgeshire
CB25 9PD





REGISTERED NUMBER: 08853705 (England and Wales)





ACCOUNTANTS: Green and Purple Limited
Building 1000
Cambridge Research Park
Waterbeach
Cambridgeshire
CB25 9PD

AMBIE MEDIA LIMITED (REGISTERED NUMBER: 08853705)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,640 3,465

CURRENT ASSETS
Stocks 124,969 94,206
Debtors 5 84,159 98,334
209,128 192,540
CREDITORS
Amounts falling due within one year 6 (580,408 ) (564,100 )
NET CURRENT LIABILITIES (371,280 ) (371,560 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(369,640

)

(368,095

)

CREDITORS
Amounts falling due after more than one
year

7

(278,058

)

(205,752

)

PROVISIONS FOR LIABILITIES - (288 )
NET LIABILITIES (647,698 ) (574,135 )

CAPITAL AND RESERVES
Called up share capital 8 3,555 3,447
Share premium 2,501,931 2,481,267
Revaluation reserve 33,541 33,541
Retained earnings (3,186,725 ) (3,092,390 )
SHAREHOLDERS' FUNDS (647,698 ) (574,135 )

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

AMBIE MEDIA LIMITED (REGISTERED NUMBER: 08853705)

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 18 July 2024 and were signed on its behalf by:





D J Marks - Director


AMBIE MEDIA LIMITED (REGISTERED NUMBER: 08853705)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Ambie Media Limited is a private company, limited by shares , registered in England and Wales. 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.

These accounts replace the original accounts held on the register. These are now the statutory accounts and are prepared as they were at the date of the original accounts.

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
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Office equipment33.33% on straight line
Computer equipment33.33% on straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


AMBIE MEDIA LIMITED (REGISTERED NUMBER: 08853705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued

Going concern
The financial statements have been prepared on the going concern basis. The company has incurred losses during the period and the directors are aware that the statement on financial position shows net liabilities. They will continue to support the company and have reasonable expectations that the performance of the company will improve once the research and development stage has been completed. The directors believe that the company will have sufficient resources available to allow it to meet its obligations, if and when they become due. It is on this basis that the directors are of the opinion that the company should continue to adopt the going concern basis of accounting in preparing the financial statements.

Share based payments
The company operates an equity-settled compensation plan. The fair value of the employee services received in exchange for the grant of the options is recognised as an expense. The total amount to be expensed over the vesting period is determined by reference to the fair value of the options granted, excluding the impact of any non-market vesting conditions (for example, profitability and sales growth targets). Non-market vesting conditions are included in assumptions about the number of options that are expected to vest. At the date of each statement of financial position, the entity considers its estimates of the number of options that are expected to vest. It recognises the impact of the revision to original estimates, if any, in the income statement. The credit entry is taken to reserves because the share options are equity-settled.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 6 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023 22,331
Additions 595
At 31 March 2024 22,926
Depreciation
At 1 April 2023 18,866
Charge for year 2,420
At 31 March 2024 21,286
Net book value
At 31 March 2024 1,640
At 31 March 2023 3,465

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 77,660 87,572
Other debtors 6,499 10,762
84,159 98,334

AMBIE MEDIA LIMITED (REGISTERED NUMBER: 08853705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 15,240 13,523
Trade creditors 124,488 159,463
Social security and other taxes 32,635 35,178
VAT - 5,038
Other creditors 34,010 27,441
Pension control 857 4,589
Directors' loan accounts - 20,553
Accruals and deferred income 373,178 298,315
580,408 564,100

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bounce back loan 29,426 26,974
Bounce back loan over 5 yr 3,160 9,476
Other creditors 245,472 169,302
278,058 205,752

Amounts falling due in more than five years:

Repayable by instalments
Bounce back loan over 5 yr 3,160 9,476

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
344,695,619 Ordinary 0.00001 3,555 3,447

9. Ultimate controlling party

There is no ultimate controlling party.

AMBIE MEDIA LIMITED (REGISTERED NUMBER: 08853705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. Share-based payment transactions


Share Options31.3.202431.03.2023
NumberNumber

Outstanding at the beginning of the period78,489,59981,160,365
Granted during the period- 6,570,000
Exercised during the period(10,773,243)-
Cancelled during the period- (9,240,766)
Outstanding at the end of the period67,716,35678,489,599

Of the above share options £60,536,991 EMI options were in issue at 31 March 2024.

At 31 March 2024 the share options have an exercise price of between £0.00106 and £0.0037 per share.

The total charge for the year relating to employee share based payment plans was £Nil (2023: £Nil) in accordance with the provisions of FRS 102 (Section 1A).