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REGISTERED NUMBER: 07137556 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ONMEDIA GROUP LTD

ONMEDIA GROUP LTD (REGISTERED NUMBER: 07137556)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ONMEDIA GROUP LTD

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTOR: L A J DaCosta





REGISTERED OFFICE: Langley House
Park Road
London
N2 8EY





REGISTERED NUMBER: 07137556 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

ONMEDIA GROUP LTD (REGISTERED NUMBER: 07137556)

STATEMENT OF FINANCIAL POSITION
30 November 2023

30.11.23 30.11.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Investments 4 482,907 482,902

CURRENT ASSETS
Cash at bank and in hand 6,144 758

CREDITORS
Amounts falling due within one year 5 51,985 18,430
NET CURRENT LIABILITIES (45,841 ) (17,672 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

437,066

465,230

CREDITORS
Amounts falling due after more than one
year

6

470,401

482,900
NET LIABILITIES (33,335 ) (17,670 )

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 4,831 -
Retained earnings (38,167 ) (17,671 )
SHAREHOLDERS' FUNDS (33,335 ) (17,670 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ONMEDIA GROUP LTD (REGISTERED NUMBER: 07137556)

STATEMENT OF FINANCIAL POSITION - continued
30 November 2023


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 director and authorised for issue on 18 September 2024 and were signed by:





L A J DaCosta - Director


ONMEDIA GROUP LTD (REGISTERED NUMBER: 07137556)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Onmedia Group Ltd 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.

The financial statements have been prepared on the going concern basis. The Statement of Financial Position shows net liabilities, the director is of the opinion that the shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Impairment of assets
A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversals at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the assets and generates cash inflows that are largely independent of the cash inflows from other assets or group of assets.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022 482,902
Additions 5
At 30 November 2023 482,907
NET BOOK VALUE
At 30 November 2023 482,907
At 30 November 2022 482,902

ONMEDIA GROUP LTD (REGISTERED NUMBER: 07137556)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
as restated
£    £   
Trade creditors 6,055 948
Amounts owed to group undertakings 42,102 14,602
Other creditors 3,828 2,880
51,985 18,430

Included within other creditors are accrued expenses of £3,828 (2022: £2,880)

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
as restated
£    £   
Other creditors 470,401 482,900

7. ULTIMATE CONTROLLING PARTY

The company is under control of its 100% shareholder, Sterling Intellectual Transportation Systems Ltd, a company incorporated in Jersey.