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REGISTERED NUMBER: 09199444 (England and Wales)






Report of the Directors and

Financial Statements

for the Year Ended 31 December 2023

for

EXPERT MEDIA PARTNERS LIMITED

EXPERT MEDIA PARTNERS LIMITED (REGISTERED NUMBER: 09199444)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


EXPERT MEDIA PARTNERS LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: E H L Hall
F J S Lawson





REGISTERED OFFICE: Beacon House
South Road
Weybridge
Surrey
KT13 9DZ





REGISTERED NUMBER: 09199444 (England and Wales)





ACCOUNTANTS: Pembroke Briggs Chartered Accountants
Beacon House
South Road
Weybridge
Surrey
KT13 9DZ

EXPERT MEDIA PARTNERS LIMITED (REGISTERED NUMBER: 09199444)

Report of the Directors
for the Year Ended 31 December 2023


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

REVIEW OF BUSINESS
As EMP approached its tenth anniversary of trading, it had another profitable year, increasing turnover by 10%, and showed improved profitability.

Our established EPG brokerage and channel management and advisory operations continued to deliver for a wide range of clients in an active linear television market that is showing resilience in an increasing competitive digital environment. The company continues to provide services to a blue-chip list of mainstream broadcast clients, as well as remaining a key advisory player in channel and digital service launches.

Our group investment in broadcast technology and production company, Disruptia, based in Bristol, is now fully-equipped with the latest developments in broadcast technology, and the company has become an active pioneer in political broadcasting and livestreaming for retailers. Disruptia has continued to grow and is trading profitably.

EMP's investment in ShopEx has continued to trade and improve its performance under new leadership in Nigeria. A successful funding round has put the company on course to be cash-positive in its trading from late 2024. EMP remains the largest shareholder and EHL Hall is serving as the company's non-executive chairman.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

E H L Hall
F J S Lawson

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





F J S Lawson - Director


19 September 2024

EXPERT MEDIA PARTNERS LIMITED (REGISTERED NUMBER: 09199444)

Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 425,135 385,719

Cost of sales 3,509 -
GROSS PROFIT 421,626 385,719

Administrative expenses 401,746 374,341
OPERATING PROFIT 4 19,880 11,378


Interest payable and similar
expenses

752

962
PROFIT BEFORE TAXATION 19,128 10,416

Tax on profit 4,041 1,930
PROFIT FOR THE FINANCIAL
YEAR

15,087

8,486

EXPERT MEDIA PARTNERS LIMITED (REGISTERED NUMBER: 09199444)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,389 1,231

CURRENT ASSETS
Debtors 6 118,060 150,422
Investments 7 60 60
Cash at bank and in hand 31,446 33,461
149,566 183,943
CREDITORS
Amounts falling due within one
year

8

98,537

147,843
NET CURRENT ASSETS 51,029 36,100
TOTAL ASSETS LESS
CURRENT LIABILITIES

52,418

37,331

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 52,416 37,329
SHAREHOLDERS' FUNDS 52,418 37,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

EXPERT MEDIA PARTNERS LIMITED (REGISTERED NUMBER: 09199444)

Balance Sheet - continued
31 December 2023


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

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





F J S Lawson - Director


EXPERT MEDIA PARTNERS LIMITED (REGISTERED NUMBER: 09199444)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Expert Media Partners 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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.


EXPERT MEDIA PARTNERS LIMITED (REGISTERED NUMBER: 09199444)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 773 549

EXPERT MEDIA PARTNERS LIMITED (REGISTERED NUMBER: 09199444)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 1,274 10,457 11,731
Additions - 931 931
Disposals - (1,370 ) (1,370 )
At 31 December 2023 1,274 10,018 11,292
DEPRECIATION
At 1 January 2023 1,050 9,450 10,500
Charge for year - 773 773
Eliminated on disposal - (1,370 ) (1,370 )
At 31 December 2023 1,050 8,853 9,903
NET BOOK VALUE
At 31 December 2023 224 1,165 1,389
At 31 December 2022 224 1,007 1,231

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Trade debtors 22,532 63,744
Other debtors 95,528 86,678
118,060 150,422

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Shares in group undertakings 60 60

EXPERT MEDIA PARTNERS LIMITED (REGISTERED NUMBER: 09199444)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,147 3,292
Taxation and social security 69,752 103,833
Other creditors 26,638 40,718
98,537 147,843