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REGISTERED NUMBER: 11120236 (England and Wales)















Financial Statements

for the Year Ended 31 December 2023

for

CMH.TV GB Limited

CMH.TV GB Limited (Registered number: 11120236)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CMH.TV GB Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R W Mackintosh
M Detering



REGISTERED OFFICE: 2nd Floor 168 Shoreditch High Street
London
E1 6RA



REGISTERED NUMBER: 11120236 (England and Wales)



SENIOR STATUTORY AUDITOR: Caroline Peverett BA FCA



AUDITORS: Tuerner Audit Limited
Bridge House
Old Grantham Road
Whatton
Nottingham
NG13 9FG

CMH.TV GB Limited (Registered number: 11120236)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 5 92,584 150,298
Cash at bank 184,200 -
276,784 150,298
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

1,107,272

740,125
NET CURRENT LIABILITIES (830,488 ) (589,827 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(830,488

)

(589,827

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (830,588 ) (589,927 )
SHAREHOLDERS' FUNDS (830,488 ) (589,827 )

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 26 November 2024 and were signed on its behalf by:





M Detering - Director


CMH.TV GB Limited (Registered number: 11120236)

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


1. STATUTORY INFORMATION

CMH.TV GB 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 presentation currency of the financial statements is the Pound 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.

The financial statements have been prepared under the going concern concept due to the fact that the company has the continued support of the group. The director has been given assurance that this support will continue for the foreseeable future.

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.

Turnover
Turnover is derived from commission earned for the sale of marketing services.

Revenue is recognised on commission when the customer signs the membership contract to which the commission relates.

Revenue earned but not invoiced at the period end is recognised in debtors.

Revenue which has been invoiced but not earned at the period end is recognised in creditors.

CMH.TV GB Limited earns income from recharging the cost of employees to CMH.TV Operations GmbH. These staff costs are recharged on a 1:1 basis for staff working exclusively for CMH.TV Operations GmbH.

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.

CMH.TV GB Limited (Registered number: 11120236)

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


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 14,680 30,630
Amounts owed by group undertakings - 95,996
Other debtors 77,904 23,672
92,584 150,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 7,809 12,016
Amounts owed to group undertakings 1,065,439 505,400
Taxation and social security 10,117 10,020
Other creditors 23,907 212,689
1,107,272 740,125

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Caroline Peverett BA FCA (Senior Statutory Auditor)
for and on behalf of Tuerner Audit Limited

9. PARENT COMPANY

The parent company of the smallest group that draws up consolidated financial statements which include the results for CMH.TV GB Limited is ClipMyHorse.TV International GmbH; its registered office address is:

Am Sonnenberg 6
65321 Heidenrod
Deutschland

The ultimate holding company is ClipMyHorse.TV International GmbH, incorporated in Germany.