2023-02-012024-01-312024-01-31false10550416THE NETWORK FORUM LIMITED2024-08-2370210iso4217:GBPxbrli:pure105504162023-02-01105504162024-01-31105504162023-02-012024-01-31105504162022-02-01105504162023-01-31105504162022-02-012023-01-3110550416bus:SmallEntities2023-02-012024-01-3110550416bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3110550416bus:AbridgedAccounts2023-02-012024-01-3110550416bus:PrivateLimitedCompanyLtd2023-02-012024-01-3110550416core:WithinOneYear2024-01-3110550416core:AfterOneYear2024-01-3110550416core:WithinOneYear2023-01-3110550416core:AfterOneYear2023-01-3110550416core:ShareCapital2024-01-3110550416core:SharePremium2024-01-3110550416core:RevaluationReserve2024-01-3110550416core:OtherReservesSubtotal2024-01-3110550416core:RetainedEarningsAccumulatedLosses2024-01-3110550416core:ShareCapital2023-01-3110550416core:SharePremium2023-01-3110550416core:RevaluationReserve2023-01-3110550416core:OtherReservesSubtotal2023-01-3110550416core:RetainedEarningsAccumulatedLosses2023-01-3110550416core:LandBuildings2024-01-3110550416core:PlantMachinery2024-01-3110550416core:Vehicles2024-01-3110550416core:FurnitureFittings2024-01-3110550416core:OfficeEquipment2024-01-3110550416core:NetGoodwill2024-01-3110550416core:IntangibleAssetsOtherThanGoodwill2024-01-3110550416core:ListedExchangeTraded2024-01-3110550416core:UnlistedNon-exchangeTraded2024-01-3110550416core:LandBuildings2023-01-3110550416core:PlantMachinery2023-01-3110550416core:Vehicles2023-01-3110550416core:FurnitureFittings2023-01-3110550416core:OfficeEquipment2023-01-3110550416core:NetGoodwill2023-01-3110550416core:IntangibleAssetsOtherThanGoodwill2023-01-3110550416core:ListedExchangeTraded2023-01-3110550416core:UnlistedNon-exchangeTraded2023-01-3110550416core:LandBuildings2023-02-012024-01-3110550416core:PlantMachinery2023-02-012024-01-3110550416core:Vehicles2023-02-012024-01-3110550416core:FurnitureFittings2023-02-012024-01-3110550416core:OfficeEquipment2023-02-012024-01-3110550416core:NetGoodwill2023-02-012024-01-3110550416core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3110550416core:ListedExchangeTraded2023-02-012024-01-3110550416core:UnlistedNon-exchangeTraded2023-02-012024-01-3110550416core:MoreThanFiveYears2023-02-012024-01-3110550416core:Non-currentFinancialInstruments2024-01-3110550416core:Non-currentFinancialInstruments2023-01-3110550416dpl:CostSales2023-02-012024-01-3110550416dpl:DistributionCosts2023-02-012024-01-3110550416core:LandBuildings2023-02-012024-01-3110550416core:PlantMachinery2023-02-012024-01-3110550416core:Vehicles2023-02-012024-01-3110550416core:FurnitureFittings2023-02-012024-01-3110550416core:OfficeEquipment2023-02-012024-01-3110550416dpl:AdministrativeExpenses2023-02-012024-01-3110550416core:NetGoodwill2023-02-012024-01-3110550416core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3110550416dpl:GroupUndertakings2023-02-012024-01-3110550416dpl:ParticipatingInterests2023-02-012024-01-3110550416dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3110550416core:ListedExchangeTraded2023-02-012024-01-3110550416dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3110550416core:UnlistedNon-exchangeTraded2023-02-012024-01-3110550416dpl:CostSales2022-02-012023-01-3110550416dpl:DistributionCosts2022-02-012023-01-3110550416core:LandBuildings2022-02-012023-01-3110550416core:PlantMachinery2022-02-012023-01-3110550416core:Vehicles2022-02-012023-01-3110550416core:FurnitureFittings2022-02-012023-01-3110550416core:OfficeEquipment2022-02-012023-01-3110550416dpl:AdministrativeExpenses2022-02-012023-01-3110550416core:NetGoodwill2022-02-012023-01-3110550416core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3110550416dpl:GroupUndertakings2022-02-012023-01-3110550416dpl:ParticipatingInterests2022-02-012023-01-3110550416dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3110550416core:ListedExchangeTraded2022-02-012023-01-3110550416dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3110550416core:UnlistedNon-exchangeTraded2022-02-012023-01-3110550416core:NetGoodwill2024-01-3110550416core:IntangibleAssetsOtherThanGoodwill2024-01-3110550416core:LandBuildings2024-01-3110550416core:PlantMachinery2024-01-3110550416core:Vehicles2024-01-3110550416core:FurnitureFittings2024-01-3110550416core:OfficeEquipment2024-01-3110550416core:AfterOneYear2024-01-3110550416core:WithinOneYear2024-01-3110550416core:ListedExchangeTraded2024-01-3110550416core:UnlistedNon-exchangeTraded2024-01-3110550416core:ShareCapital2024-01-3110550416core:SharePremium2024-01-3110550416core:RevaluationReserve2024-01-3110550416core:OtherReservesSubtotal2024-01-3110550416core:RetainedEarningsAccumulatedLosses2024-01-3110550416core:NetGoodwill2023-01-3110550416core:IntangibleAssetsOtherThanGoodwill2023-01-3110550416core:LandBuildings2023-01-3110550416core:PlantMachinery2023-01-3110550416core:Vehicles2023-01-3110550416core:FurnitureFittings2023-01-3110550416core:OfficeEquipment2023-01-3110550416core:AfterOneYear2023-01-3110550416core:WithinOneYear2023-01-3110550416core:L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THE NETWORK FORUM LIMITED

Registered Number
10550416
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

THE NETWORK FORUM LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

BARMAN, Andrew Thomas Campbell
JOHNIS, Anismah
JONES, Edward Michael

Company Secretary

JONES, Edward Michael

Registered Address

63/66 Hatton Garden
Fifth Floor, Suite 23
London
EC1N 8LE

Registered Number

10550416 (England and Wales)
THE NETWORK FORUM LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3-93
-93
Current assets
Debtors4403,512503,696
Cash at bank and on hand2,238,7602,182,797
2,642,2722,686,493
Creditors amounts falling due within one year5(331,262)(477,651)
Net current assets (liabilities)2,311,0102,208,842
Total assets less current liabilities2,311,0102,208,935
Net assets2,311,0102,208,935
Capital and reserves
Called up share capital100100
Profit and loss account2,310,9102,208,835
Shareholders' funds2,311,0102,208,935
The financial statements were approved and authorised for issue by the Board of Directors on 23 August 2024, and are signed on its behalf by:
BARMAN, Andrew Thomas Campbell
Director
JONES, Edward Michael
Director

Registered Company No. 10550416
THE NETWORK FORUM LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 February 233,585
At 31 January 243,585
Depreciation and impairment
At 01 February 233,492
Charge for year93
At 31 January 243,585
Net book value
At 31 January 24-
At 31 January 2393
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables150,154253,696
Other debtors253,358250,000
Total403,512503,696
Other debtors include a loan of £250,000 to Mr Edward Jones repayable along with interest @3%. Mr Jones is the company director and shareholder of (GFN) Global Financial Networks Ltd. GFN owns 50% of The Network Forum Limited. The loan is repayable on demand.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,166384
Bank borrowings and overdrafts-2,048
Taxation and social security137,449239,499
Other creditors191,998235,070
Accrued liabilities and deferred income649650
Total331,262477,651
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.