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REGISTERED NUMBER: 05066838 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ONE HORIZON GROUP LIMITED

ONE HORIZON GROUP LIMITED (REGISTERED NUMBER: 05066838)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ONE HORIZON GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr B J Collins
Mrs E Collins





SECRETARY: Mr B J Collins





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Hampshire
SO50 9PD





REGISTERED NUMBER: 05066838 (England and Wales)






ONE HORIZON GROUP LIMITED (REGISTERED NUMBER: 05066838)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes $'000 $'000
CURRENT ASSETS
Debtors 5 38 64
Cash at bank 2 2
40 66
CREDITORS
Amounts falling due within one year 6 29 38
NET CURRENT ASSETS 11 28
TOTAL ASSETS LESS CURRENT
LIABILITIES

11

28

CREDITORS
Amounts falling due after more than one
year

7

15

28
NET LIABILITIES (4 ) -

CAPITAL AND RESERVES
Called up share capital 8 10,284 10,284
Share premium 11,252 11,252
Retained earnings (21,540 ) (21,536 )
SHAREHOLDERS' FUNDS (4 ) -

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.

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 November 2024 and were signed on its behalf by:





Mr B J Collins - Director


ONE HORIZON GROUP LIMITED (REGISTERED NUMBER: 05066838)

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


1. STATUTORY INFORMATION

One Horizon Group 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.

The financial statements are presented in US Dollars because the Directors consider that this is the most appropriate currency to use because of the global nature of the company. The company's functional currency is Sterling.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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.

Foreign currencies
Transactions in currencies other than Sterling are recorded at the rates of exchange prevailing on the dates of the transactions. Settlement differences are taken to the profit and loss account. The Balance Sheet is translated to US Dollars using closing rate and the Income Statement is translated using average rate or closing rate if this is not materially different to the average rate.

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

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

ONE HORIZON GROUP LIMITED (REGISTERED NUMBER: 05066838)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$'000 $'000
Trade debtors 34 59
Other debtors 4 5
38 64

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
$'000 $'000
Bank loans and overdrafts 13 12
Trade creditors 1 -
Taxation and social security 9 20
Other creditors 6 6
29 38

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
$'000 $'000
Bank loans 15 28

Bank loans includes $28,326 (2023: $39,977) borrowed under the Bounce Back Loan Scheme. $12,883 (2023: $12,283) is included in creditors amounts falling due within one year and $15,443 (2023: $27,694) is included in creditors amounts falling due after more than one year. The Bounce Back Loan Scheme provides the lender with a government-backed guarantee against the outstanding facility balance.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: $'000 $'000
101,938,313 Ordinary $0.10 10,194 10,194
50,000 Deferred £1 90 90
10,284 10,284