Company Registration No. 11668874 (England and Wales)
Victoria Media Network Ltd
Unaudited accounts
for the year ended 30 November 2023
Victoria Media Network Ltd
Unaudited accounts
Contents
Victoria Media Network Ltd
Company Information
for the year ended 30 November 2023
Director
J A M Naqiyyullah
Company Number
11668874 (England and Wales)
Registered Office
36-37 Vintage House Albert Embankment
London
SE1 7TL
United Kingdom
Accountants
Aikon Accountants Limited
17 Hanover Square
London
W1S 1BN
Victoria Media Network Ltd
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
27,528
196,942
Creditors: amounts falling due within one year
(312,335)
(374,838)
Net current assets
107,614
77,603
Called up share capital
1
1
Profit and loss account
107,613
77,602
Shareholders' funds
107,614
77,603
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
J A M Naqiyyullah
Director
Company Registration No. 11668874
Victoria Media Network Ltd
Notes to the Accounts
for the year ended 30 November 2023
Victoria Media Network Ltd is a private company, limited by shares, registered in England and Wales, registration number 11668874. The registered office is 36-37 Vintage House Albert Embankment, London, SE1 7TL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in GBP, which is the functional currency of the entity.
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Amounts falling due within one year
Trade debtors
289,350
174,552
Other debtors
103,071
80,947
Victoria Media Network Ltd
Notes to the Accounts
for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
198,179
89,349
Amounts owed to group undertakings and other participating interests
150
150
Taxes and social security
7,040
8,183
Other creditors
50,631
71,611
6
Transactions with related parties
During the year the company obtained services from a related party for £56,633.
As at 30.11.2023, the company owed a balance of £37,373 to the above related party (2022 - £3,053).
During the year the company obtained services from a related party for £172,961 and provided services for £300,316.
As at 30.11.2023, the company was owed a balance of £78,111 by the above related party (2022 - £150 Payable).
The ultimate controlling person and the sole shareholder of the company is J A M Naqiyyullah.
8
Average number of employees
During the year the average number of employees was 1 (2022: 2).